Danamon Syariah Announces Collaboration With The PP Muhammadiyah Bibliography And Information Council

JAKARTA - PT Bank Danamon Indonesia Tbk (Danamon), through the Sharia Business Unit (Danamon Syariah), and Muhammadiyah Central Leaders, through the Pustaka and Information Council, Muhammadiyah Central Leadership (MPI PP Muhammadiyah), today announced cooperation between the two organizations, with the aim of supporting digitalization within Muhammadiyah.

In supporting the mandate of MPI PP Muhammadiyah as the driver of Muhammadiyah's digital transformation, Danamon Syariah has become an exclusive official banking partner that provides digital financial solutions in the Muhammadiyah digital ecosystem, SatuMu.

The collaboration between Danamon Syariah and MPI Muhammadiyah was marked by the signing of a cooperation agreement between the two at the Yogyakarta Muhammadiyah Headquarters, on Wednesday, July 23.

The signing was carried out between Herry Hykmanto, Director of Sharia & Sustainability Finance Danamon and Prof. Dr. Muchlas, M.T., Chairman of MPI PP Muhammadiyah, witnessed by Prof. Dr. H. Haedar Nashir, M.Si., General Chairperson of Muhammadiyah Central Leadership, D. Ejima, President Director of Danamon, and Prof. Dr. Dadang Kahmad, M.Si., Chairman of Muhammadiyah Central Leadership.

Herry Hykmanto, Director of Sharia & Sustainability Finance Danamon, explained that since 2012, Danamon Syariah has established a positive partnership with Muhammadiyah and presents holistic, integrated, and sharia-based financial solutions.

"Through cooperation with the Muhammadiyah Central Executive MPI, we hope this collaboration can be a catalyst for accelerating financial inclusion while increasing digital-based financial literacy and inclusion within Muhammadiyah," he explained, in a written statement.

Prof. Dr. Muchlas, MT, Chairman of MPI PP Muhammadiyah, explained that digital transformation is not just an adoption of technology, this is a way of civilization to strengthen Muhammadiyah's identity as a professional modern Islamic movement and serve the people with advantages.

The collaboration between Danamon Syariah and Muhammadiyah is part of a long journey of cooperation between the two organizations. As a single Financial Group with global and local networks and capabilities, Danamon and group members offer a variety of holistic financial solutions, including sharia-based ones, including banking services through Danamon, automotive and non-automotive financing services through Adira Finance and Mandala Finance, insurance through Zurich Syariah, and financing services for goods credit through Home Credit Indonesia.

Danamon's global network together with MUFG as the parent company is available in more than 40 markets worldwide, including in countries where there are Muhammadiyah Special Branch Managers (PCIM), such as in Japan, Malaysia, Saudi Arabia, United Arab Emirates, and Australia.

Muhammadiyah as the largest Islamic organization in Indonesia with millions of members has a vision that is in line with Danamon Syariah in encouraging digital transformation in various strategic sectors such as education, health, social and religious.

With this latest collaboration, Danamon Syariah will become an exclusive banking partner in Muhammadiyah's digital system, to provide financial services within One Muhammadiyah Data (SatuMu), Muhammadiyah's digital ecosystem, which has millions of registered Muhammadiyah members, and supports the management of organizations digitally covering 35 Regional Leaders, around 400 Regional Leaders, around 3,000 Branch Leaders, and around 14,000 Muhammadiyah Branch Leaders.

Danamon Syariah will provide a variety of financial solutions through SatuMU, including account opening through the D-Bank Pro application, payment of contributions and bills, payment of zakat, infaq, shadaqah, and waqf (ZISWAF) Institutions Zakat Infaq and Shadaqah Muhammadiyah (Lazismu), Hajj and Umrah registration, automotive to multipurpose financing from Adira Finance and Mandala Finance, and other financial solutions, which will be accessible through the MASA application, namely digital applications dealing with users (user-facing) efficiently, safely, and in accordance with sharia principles.

Integration of the digital financial solution Danamon Syariah into the SatuMu ecosystem is carried out through development cooperation carried out under Muhammadiyah Software Labs (LabMu), a special Muhammadiyah unit that leads digital transformation, including strengthening data governance and information system for Muhammadiyah organizations.

The collaboration between Danamon Syariah and Muhammadiyah is expected to be a manifestation of a broad-impact real synergy. Danamon, with the provision of sharia and digital-based financial solutions through Danamon Syariah, hopes to support financial digitization for millions of Muhammadiyah members throughout Indonesia, thus contributing to financial literacy and inclusion for more people with collaborative and technology-based approaches.

For Muhammadiyah, this collaboration is expected to have an impact on organizations, members, and the wider community, including in increasing sharia-based financial literacy and inclusion among Muhammadiyah residents, as well as supporting the digitization of organizational management and provision of social services.