Bank Muamalat Optimistic To Get 28,000 Customers By The End Of 2024

JAKARTA - Director of PT Bank Muamalat Indonesia Tbk Karno said his party is optimistic that it can acquire more than 28,000 customers by the end of this year, after launching a new product called the "Hijrah Golden Solution" on Thursday 1 August.

The customer's acquisition is estimated with a total outstanding of around IDR 700 billion by the end of 2024. The customer segments targeted include employees, entrepreneurs, or professionals.

Karno explained that the 'Gold Hijrah Solution' product is a gold ownership solution for the community. With this product, it is hoped that investment instruments will be more affordable for many people.

"With this product, customers can realize various dreams without having to feel anxious, such as planning education, Hajj to retirement," said Karno, quoted from Antara.

He said gold is known as a relatively stable and resistant asset to inflation.

Gold prices also tend to rise in the long term, so that investment in gold can be a way to protect the value of assets from reducing the purchasing power of money.

In uncertain economic situations, Karno explained, gold is often considered a "safe haven" or protection asset.

The Hijrah Golden Solution Product itself uses the sale and purchase contract or Murabahah with down payments (DP) and light installments and tenors for up to 60 months.

The gold grammar offered is 5 grams, 10 grams, 25 grams, and 50 grams. In this product, Bank Muamalat cooperates with PT Aneka Tambang Tbk or Antam for the provision of gold bullion so that the gold used is guaranteed for its authenticity.

Throughout the first half of this year, Bank Muamalat recorded a positive performance with a current account & saving account (CASA) of 4.9 percent YoY from IDR 20.7 trillion in the first semester of 2023 to IDR 21.7 trillion in the first semester of 2024. The total third party funds (DPK) of Bank Muamalat were recorded at IDR 43.8 trillion as of June 30, 2024.

Until the end of June 2024, Bank Muamalat recorded financing growth of 1.9 percent YoY. The highest growth was recorded in profit-sharing financing (musyarakah) which grew by 16.5 percent YoY.

With all these performances, this pioneer of Islamic banks in the country posted a profit before tax of IDR 9.1 billion as of June 30, 2024.