Bank Muamalat Implements Housing Financing Growth Up To Two Folds

Photo: Doc. Bank Muamalat

JAKARTA PT Bank Muamalat Indonesia Tbk has set an aggressive target to be able to double in the housing financing sector in the 2023 period. This was confirmed by Bank Muamalat Director Wahyu Avianto.

According to him, the property business is one of the company's focuses because it is considered to have bright prospects.

"The transfer of home financing or take over is a mainstay to pursue the target by the end of 2023," he said in a written statement on Thursday, February 2.

Wahyu explained that the reversal of the residential sector will occur this year after a slowdown during the COVID-19 pandemic.

"Now people's purchasing power has begun to recover and homes as one of the primary needs will be a priority. We are optimistic that housing financing can grow significantly," he said.

Wahyu added that Bank Muamalat had prepared a number of strategies, one of which was by cooperating with well-known housing developers.

In addition, the company also has a superior product named KPR Hijrah, which is a financing product for residential ownership, including renovation and transfer (takeover) from other banks.

"We ensure that this takeover product uses a sharia scheme that can be obtained by the public with down payment starting from 0 percent fixed installments (flat) and adjusted to customer needs," he said.

In addition to taking over financing, the bank with the first Islamic principle in Indonesia also provides additional financing (top up) facilities.

"The top up funds can be used for personal purposes such as house renovations, purchasing home furniture, or purchasing other necessities," Wahyu concluded.