Pertamina International Shipping Receives Sharia Financing Facility worth 47 Million US Dollars
Pertamina International Shipping (PIS) CEO, Yoki Firnandi. (Photo: Doc. PIS)

JAKARTA - PT Pertamina International Shipping signed a sharia financing facility with the Ijarrah Muntahiyah Bittamlik (IMBT) scheme together with PT Bank Syariah Indonesia Tbk (BSI).

From this agreement, PIS received a financing facility based on IMBT principles worth 47 million US dollars with a term of 84 months.

“We express our extraordinary gratitude to BSI for its efforts to develop the PIS business in the form of loan facilities. "In less than one week, it turns out that PIS and BSI were able to agree on this agreement and I really appreciate this," said PIS CEO Yoki Firnandi in a statement to the media, Saturday 16 March.

He explained that this IMBT scheme loan facility was the first to be implemented in the Pertamina Group.

"Hopefully this step can continue in the future as an alternative funding," he explained.

Yoki explained that PIS is currently continuing to grow significantly, especially after running the business as a Sub Holding of Pertamina. The company's revenue will grow to 3.3 billion US dollars in 2023, and will achieve the highest profit in PIS history, namely 330 million US dollars.

PIS, said Yoki, with support from Pertamina has of course drawn up a long-term plan targeting revenue in the next 10 years to reach US$9 billion.

"For this, the calculation is that we need an investment worth 800 million US dollars per year. "In this case, PIS must be more creative in obtaining financial support, including IMBT as one option," concluded Yoki.


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