Bank Muamalat Development Vacancy

PT Bank Muamalat, one of the country’s major sharia banks, plans to offer Islamic bonds worth between US$50 million and $100 million to global investors this year.

The bank’s president director, Arviyan Arifin, said in Jakarta on Monday that the sukuk bonds would be offered to investors in the Middle East. He said that the bank would open a branch in Jeddah, Saudi Arabia, to support the plan. “We will issue the sukuk this year as soon as we open a branch office in Jeddah,” he said.

Muamalat finance director Hendiarto said the bank was still preparing the opening of the new Jeddah branch. “We are still trying to meet the requirements,” he added.

Hendiarto said Muamalat also planned to issue subordinated sukuk worth about Rp 800 billion ($93.6 million) to Rp 1.5 trillion to strengthen the company’s financing capacity. â€" JP

PT Bank Muamalat Indonesia Tbk booked IDR270 billion of gross profit throughout the year, rose 93.15% from the same period last year.

The growth of the earnings before tax was due to bigger margin income from its financing, said Director of Retail Banking Adrian A. Gunadi. Up to September, financing rose 45.24% to IDR20 trillion from IDR13.77 trillion.

Most of its financing was channeled to retailers by 65% or IDR13 trillion and the remaining was given to commercial and corporate clients. Consumer loan, particularly for property, dominated the portion followed by multifinance and cooperative.

"From the total IDR6.3 trillion consumer financing portfolio, IDR3 trillion was channeled to housing financing," Adrian said.

Bank Muamalat was established in 1991 by local and foreign investors. Islamic Development Bank owns 32.82% of the Islamic bank's share, Boubyan Bank Kuwait has 24.94%, Atwill Holdings Limited holds 17.95% and public trades the rest 5%.

Retail segment also motored the growing third party fund, which grew by IDR7.15 trillion to IDR21 trillion in total. The retail clients contributed IDR14 trillion of its third party fund.

"Saving and current account represented 50% of the total of retail’s third party fund. The rest 50% was in deposit,” Adrian detailed.


Nearly two decades after its birth, Bank Muamalat now provides services to over 2.5 million customers through a network of over 3000 outlets spread across all 33 provinces in Indonesia. The network is also supported by an alliance through more than 4000 online post office/SOPP, 32.000 ATM, as well as over 100.000 debit merchant across the country. Bank Muamalat is also the first and the only Indonesian bank running a full branch in Malaysia.


Muamalat PROGRAM DEVELOPMENT OFFICER

Muamalat Officer Development Program as an educational program in print cadre of the best leaders of Islamic banks, invite those of you who have the spirit of cooperation and unyielding to follow Muamalat Officer Force Development Program XXIII and XXIV.

Penggemblengan and a solid program and continuing education, and mentors skilled in the art will forge you a professional Islamic banking that is reliable and has a great opportunity to be the leaders of the best banks in the future.

Qualify prospective applicants:

• Minimum education S1, open to all majors
• Minimum GPA of 2.75 for the State University graduates and 3.00 for graduates of Private Universities
• Maximum age 27 years old at the time of selection
• Having a good knowledge about the basic principles of Islam and Islamic Banking
• Have the capability of spoken and written English is actively
• Have minimal computer skills to operate MS Office
• Has no family relationship with the employee and the Board of Directors of Bank Muamalat Indonesia
• Pro-active personality, full of initiative and able to work under pressure
• Not married, not married and are willing for the duration of education
• Willing to undergo a period of compulsory service bond
• Willing to be located throughout the territory of Indonesia

For those of you who are interested can send a cv, along with recent photographs to email address:


recruitment@muamalatbank.com


Please include code MODP23 _24 (Location Selection) in your email subject
Example: MODP23_24 (UGM), MODP23_24 (ubuntu), MODP23_24 (UNHAS) etc.

Location Selection & Application deadline for receipt of applications (CV):
No Lokasi Seleksi  Batas Akhir
1 Jakarta ( UI )  29 Maret 2012
2 Bogor ( IPB )          01 April 2012
3 Bandung1 ( ITB )  08 April 2012
4 Bandung2 ( UNPAD )  08 April 2012
5 DIY dan Jateng ( UGM )  11 April 2012
6 Surabaya ( UNAIR )  16 April 2012
7 Palembang ( UNSRI )  19 April 2012
8 Kalimantan ( TGPURA )  23 April 2012
9Sulawesi dan KTI ( UNHAS )26 April 2012

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