Bank Muamalat Appointed As ASN Salary Distributor, Here's The Benefit

Bank Muamalat (Between)

JAKARTA - PT Bank Muamalat Indonesia Tbk was appointed by the Ministry of Finance as the distributor of salaries for State Civil Apparatus (ASN). This appointment was marked by a ceremonial appointment as a Salary Distribution Bank (BPG) or payroll for ASN.

Bank Muamalat President Director Indra Falatehan said that his party was officially appointed as BPG based on the Decree of the Director General of Treasury of the Ministry of Finance Number 50/PB/2023 dated May 16, 2023.

Since then, a number of government agencies such as the Religious Court, the Office of the Ministry of Religion, and the State Islamic Institute (IAIN) spread across Sulawesi, Papua and Sumatra have collaborated with payroll with Bank Muamalat.

"We appreciate the support from the Ministry of Finance for the Islamic banking industry which has provided a wide space for Islamic banks to become the distributor of ASN salaries. For this trust, we are committed to providing the best service so that more state-owned agencies entrust their salary management at Bank Muamalat," he said in a statement received by VOI, Friday, October 27.

He explained, Bank Muamalat offered a number of benefits to ASN in agencies that open payroll accounts at Bank Muamalat. ASNs are given benefits in the form of free monthly account service fees, no initial deposit is required when opening an account, and without a minimum balance.

In terms of financing, he said, ASN had the opportunity to get a ceiling for multipurpose iB financing of up to IDR 1 billion for a period of 15 years. As for the financing of housing ownership (KPR), the tenor could be up to 20 years.

For information, the government has issued a regulation to accommodate the needs of ASN who want Islamic financial products and services through the Regulation of the Minister of Finance (PMK) No.11/PMK.05/2016 concerning Salary Distribution through Accounts of Civil Servants/Privates of the Indonesian National Armed Forces/ Members of the Indonesian National Police at the Central Commercial Bank.

Through this regulation, ASN has wider and varied Islamic banking product and service options such as Hajj savings, sharia financing to sharia-based investment products such as sukuk. Meanwhile, Islamic banks benefit in the form of increasing the number of retail customer accounts which will have a positive impact on increasing Third Party Funds (DPK).