Search results
Results From The WOW.Com Content Network
The bank was based on a profit sharing model and its products weren't linked to the Bank Indonesia discount rate, thus surviving to the 1997 Asian financial crisis which increased the mean interest rate of the other Indonesian banks. [citation needed] DRB-HICOM holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.
The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia. [1] The bank's operations began in 1 May 1992 [1] with foreign exchange service began in 1994. Funding products apply the principles of wadiah (deposit) and mudarabah (profit-sharing ...
Muamalat (also muʿāmalāt, Arabic: معاملات, literally "transactions" [1] or "dealings") [2] is a part of Islamic jurisprudence, or fiqh. Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [ 3 ] and Majallah al-Ahkam al-Adliyyah). [ 4 ] [