JAKARTA - PT Bank Muamalat Indonesia Tbk recorded that the performance of gold ownership financing through the Hijrah Golden Solution product grew rapidly in the first quarter of 2025.
Bank Muamalat President Director Imam Teguh Saptono said, in the first quarter of 2025, the outstanding financing of Bank Muamalat's Hijrah Gold Solution reached Rp140.7 billion.
This number increased significantly compared to outstanding in the first quarter of 2024 which only reached Rp7.2 billion.
This indicates a surge in public interest in gold precious metals.
"The current economic dynamics encourages people to have liquid assets that protect the value of assets, namely gold. With high demand, Bank Muamalat is optimistic that the financing growth of the Hijrah Golden Solution can achieve the target this year," said Imam in a statement to the media, Wednesday, May 28.
Imam ensured that the financing product for the Hijrah Golden Solution was in accordance with sharia principles.
The financing uses a sale and purchase contract or murabahah, where the selling value set at the beginning of the contract will not change until the end of the installment.
Gold Gramations can be financed from 5 to 500 grams with a period of up to 10 years.
"Because it only exists in Islamic banks, including at Bank Muamalat, God willing, this product will become a way for people to move to look for gold financing products with permanent installments," said Imam.
As a liquid asset, the purpose of gold ownership can be adjusted to customer financial goals, such as preparing to pay for the cost of Hajj travel or education funds.
"Bank Muamalat will also remind customers who already have more than 85 grams of gold and have been kept for one year to pay zakat on the gold," he explained.
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Imam said that Bank Muamalat made financing the Hijrah Golden Solution as one of the leading products in the future together with Multipurpose financing products iB Hijrah and KPR iB Hijrah.
The sharpening of these products is part of Bank Muamalat's business reprofilling which will focus more on healthy and sustainable retail segments.
According to Imam, it is easier for people to have gold in line with Bank Muamalat's new vision that has been formulated, namely to become the Hijrah Road to Berkah.
This vision means that Bank Muamalat is determined to be the leading hijrah solution for the sharia business and financial ecosystem with sustainable financial performance to achieve blessings.
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