Participate In Saluring Sindication Financing To CIMB Finance Rp700 Billion, Bank Muamalat Pacu Distribution Of Corporate Financing

Bank Muamalat. (Photo: Doc. Antara)

JAKARTA PT Bank Muamalat Indonesia Tbk spurred the distribution of financing in the corporate segment, both through syndicated and bilateral schemes.

Most recently, Bank Muamalat led the distribution of syndicated financing to PT CIMB Niaga Auto Finance (CNAF) worth IDR 700 billion. This syndicate involves four other Islamic banks, namely PT Bank Aceh Syariah, UUS PT BPD Bank Sumsel Babel, UUS PT BPD South Kalimantan and UUS PT BPD Central Java.

Bank Muamalat Chief Wholesale Banking Officer Irvan Y. Noor said, after the corporate action in the form of strengthening the capital structure earlier this year, his party continued to boost the distribution of financing, especially in the corporate segment. In addition, this syndicate is part of efforts to increase the financing capacity of Islamic banks in the country.

This syndicated financing is a tangible manifestation of the collaboration between Islamic banks in the country. Moreover, we know that currently the share of the Islamic banking market is still in the range of 7 percent. As the first bank is purely sharia, we see collaboration like this is needed so that we can progress together where in the end it can have a positive impact on the national sharia banking industry," he said in a written statement, Tuesday, December 6.

Previously, Bank Muamalat also distributed working capital financing to MAP Group, namely PT Mitra Adiperkasa Tbk and PT Mapple Mitra Adiperkasa worth IDR 300 billion. This financing uses the Al-Murabahah contract with a maximum tenor of 12 months.

Irvan said, the MAP Group is the market leader of the retail industry in Indonesia with strong financial performance. He hopes this collaboration can continue in a wider business ecosystem.