Bank Muamalat
Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia. The bank's operations began in 1 May 1992 with foreign exchange service began in 1994. 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). Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.
| Company type | Public (Perseroan terbatas) |
|---|---|
| Industry | Islamic banking and finance |
| Founded | November 1, 1991 in Jakarta, Indonesia |
| Headquarters | Jakarta, Indonesia |
Key people | Indra Falatehan (CEO) |
| Owner | Hajj Fund Management Agency (82.65%) Andre Mirza Hartawan (5.19%) Islamic Development Bank (2.04%) Others (10.11%) |
| Website | www |
Currently, 82.65% stake of Bank Muamalat is owned by an Indonesian government agency, Hajj Fund Management Agency (BPKH), followed by Andre Mirza Hartawan (commissioner of the bank) with 5.19%, the Islamic Development Bank (IsDB) with 2.04% shares, and others (10.11%).
The bank announced the plan for the company to be listed in the Indonesia Stock Exchange by late 2023, and would be acquiring the sharia-banking unit of Bank Tabungan Negara (BTN) in March 2024.