TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Danamon Syariah eyes 15 percent growth in financing
Change Size
A teller serves a customer at a Bank Danamon branch in Jakarta. (kompas.com/File)
T
he sharia business unit of Bank Danamon is aiming for 15 percent financing growth to Rp 3.8 trillion (US$285 million), with opportunities to disburse funds for the manufacturing and construction sectors.
The popular product from the bank remains Ijarah Muntahiya Bit Tamlik (IMBT) compliant financial -- sharia fee-based income derived from leasing -- introduced last year, said Danamon director and sharia business head Herry Hykmanto.
As of April this year, Danamon Syariah has disbursed IMBT financing of Rp 400 billion that supported the company’s financing growth.
(Read also: Danamon Syariah launches new product)
“We want to concentrate on selling IMBT. Currently it accounts for 15 percent of the total financing portfolio,” Herry said.
The IMBT eyes financing heavy machinery, infrastructure development and transportation development.
“Other than that, we are focusing on providing financing for small and medium enterprises and sharia-based trade financing
Danamon is among banks in Indonesia that offer Islamic banking services. State lender Bank Mandiri and CIMB Niaga have similar services. (bbn)
