Sharia Banking and the Financial Industry

Muamalat Target Fee-Based Income $ 25 Billion

April 30, 2011 By: admin Category: Fee Based Income

Bank Muamalat Indonesia targeted to increase fee based income to Rp 25 billion. Director International Banking and Financial Institution Bank Muamalat, Farouk Abdullah Alwyni, said that earnings from sector fee based income up to now around Rp 12,5 billion. Up to now fee based income Muamalat produced from sector trade financing (defrayal of commerce) around Rp 8,2 billion and remittance (service of remittance) around Rp 4 billion. For trade financing, Farouk explains will perform commerce business of either from within and overseas. He confesses the engagement letters which is used by this akad can be various. One of them is wakalah bin ujrah. This engagement letters included in engagement letters tijarah where there is empowering to manage goods or service with reward fee (ujroh). A number of cooperations concerning trade financing also will be performed with bank and foreign company. Before, Muamalat also had performed join work similar to Asian Development Bank (ADB) with portfolio for the amount of millions of US dollar.

Incoming search terms:

• fee income in indonesia islamic banks
• fee based income for financial institution
• fee based income in a finance institution
• muamalat indonesia earnings in 2011
• target fee based income bank muamalat