Bank Muamalat Indonesia (BMI), (Bank Muamalat), is a commercial bank in Indonesia. It operates according to the principles of Islamic banking. Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.
History The bank was founded on 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI), under the auspices of the Government of Indonesia. Operations began on 1 May 1992. Foreign exchange service began in 1994.
Principles Funding products apply the principles of wadiah (deposit) and mudarabah (profit-sharing). Financing products apply the principles of bai’ (buy and sell), musharakah (equity sharing), mudarabah, and ijarah (rent).
Ownership Currently, 82.65% stake of Bank Muamalat is owned by an Indonesian government agency, Hajj Fund Management Agency (BPKH), Andre Mirza Hartawan (commissioner of the bank) with 5.19%, the Islamic Development Bank (IsDB) with 2.04% shares, and others (10.11%).
In 2022 the bank announced plans to be listed in the Indonesia Stock Exchange by late 2023.
Network The Bank has 239 service offices and is supported by an extensive service network consisting of 568 Muamalat ATM units, 120,000 ATM Bersama and Prima ATM networks, 51 Mobile Cash Car units.
Management
Sharia Supervisory Board +NamePositionRef.Sholahudin Al AiyubChairmanSiti HaniatunnisaMemberAgung Danarto
Board of Commissioners NamePositionRef.Sapto Amal DamandariPresident Commissioner (Independent)SartonoIndependent CommissionerAndre Mirza HartawanCommissioner
Board of Directors NamePositionRef.Imam Teguh SaptonoPresident DirectorKarnoCompliance DirectorRicky Rikardo MulyadiDirector
References
External links
Official website www.bankmuamalat.co.id