Bank Muamalat Strengthens Internal Consolidation In Implementation Of Governance Risk Compliance

Bank Muamalat. (Photo: Doc. Between)

JAKARTA - PT Bank Muamalat Indonesia Tbk. is said to continue to foster the strengthening of internal performance of the governance risk compliance (GRC) sector by building a similar orchestration between the board of commissioners and the company's board of directors.

Through the optimization of one of the company's business units, the Muamalat Institute (MI), the first sharia bank in Indonesia is targeting the creation of a sustainable Islamic principled financial ecosystem.

Executive Director of MI Anton Hendrianto said this internal consolidation was realized through the provision of virtual financial materials to the company's top brass in order to continue to produce positive performance and relevant to current developments.

"Competition in the financial services sector is increasing in pandemic situations. Therefore, the briefing to senior officials in the company is important to be done periodically in order to answer the current needs," he said in an official statement, Tuesday, May 11.

On the same occasion, Muamalat Institute Facilitator Abdurrahman explained that improving the understanding of stakeholders in the company is quite important in achieving business targets in accordance with GRC principles.

"Grc that will be implemented can also accommodate the needs of digital banking services and increase opportunities to collaborate with other parties in order to develop the Islamic financial ecosystem in Indonesia," he said.

It is mentioned that President Commissioner of Bank Muamalat Ilham Habibie and President Director of Bank Muamalat Achmad K. Permana tutut and in this briefing.

For information, Muamalat Institute is an educational and development institution of Sharia banking that was established in 1999 and is under the control of PT Bank Muamalat Indonesia Tbk. as the parent entity.

Meanwhile, Bank Muamalat itself is the first commercial bank in Indonesia to apply Islamic sharia principles in carrying out its operations. It was founded on November 1, 1991, initiated by the Indonesian Ulema Council (MUI) and the government.

Most recently, the Hajj Financial Management Agency (BPKH) is reportedly ready to inject fresh funds of Rp3 trillion to strengthen the capital structure of Bank Muamalat.