About Muamalat
About Muamalat
Company Profile of Bank Muamalat

Based on Deed No. 1 dated November 1, 1991 AD or 24 Rabiul Akhir 1412 H, made before Yudo Paripurno, S.H., Notary, in Jakarta PT Bank Muamalat Indonesia Tbk, hereinafter referred to as “Bank Muamalat Indonesia” or “BMI” was established under the name PT Bank Muamalat Indonesia. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia with Decree No. C2- 2413.HT.01.01 of 1992 dated March 21, 1992 and was registered at the Central Jakarta District Court on March 30, 1992 under No. 970/1992 and announced in the State Gazette of the Republic of Indonesia No. 34 April 28, 1992 Supplement No. 1919A.


BMI was established on the initiation of the Indonesian Ulema Council (MUI), the Association of Indonesian Moslem Intellectuals (ICMI) and Muslim entrepreneurs who later received support from the Government of the Republic of Indonesia. Thus, on May 1, 1992 or 27 Shawwal 1412 H, Bank Muamalat Indonesia officially operated as the first bank that doing business based on sharia principles in Indonesia. Two years later precisely on October 27, 1994, BMI obtained a license as a Foreign Exchange Bank after a year before being listed as a public company that without being listed on the Indonesia Stock Exchange (IDX).


Furthermore, in 2003, BMI proudly conducted a Limited Public Offering (PUT) with Pre-emptive Right (HMETD) for 5 (five) times and was the first banking institution in Indonesia to issue a Mudharabah Subordinated Sukuk. The corporate action further confirms the position of Bank Muamalat Indonesia in Indonesian banking industry.


Not only that, BMI continually innovates and issues sharia financial products such as Sharia Insurance (Takaful Insurance), Muamalat Financial Institution Pension Fund (DPLK Muamalat) and sharia multifinance (Al- Ijarah Indonesia Finance) which are all new breakthroughs in Indonesia. In addition, the Bank’s product, Shar-e, which was launched in 2004, is also the first instant savings in Indonesia. The Shar-e Gold Debit Visa product, which was launched in 2011, received an award from the Indonesian Museum of Records (MURI) as the first Shariah Debit Card with chip technology in Indonesia as well as comprehensive e-channel services such as internet banking, mobile banking, ATMs, and cash management. All of these products are the pioneers of sharia products in Indonesia and are important milestones in sharia banking industry.


As there is more acknowledgment on the Bank’s capacity, BMI expanded its business by adding more branch offices all over Indonesia. In 2009, the Bank obtained a license to operate a branch office in Kuala Lumpur, Malaysia and become the first and still only bank in Indonesia to expand its business in Malaysia. Until today, the Bank has operated 240 offices to serve its customers including 1 (one) branch office in Malaysia. The Bank operation is also supported by a wide service network consisting of 568 unit of Muamalat ATMs, 120,000 ATM Bersama and 77.000 ATM Prima Networks also 51 mobile branch units.


BMI conducted rebranding on its logo to enhance the image awareness as an Islami, Modern, and Professional Sharia Bank. The Bank also continues to realize varied achievements and attainments acknowledged in both nationally and internationally. Until today, in providing the best services,  BMI operates together with several subsidiaries i.e. Al-Ijarah Indonesia Finance (ALIF) which provides sharia financing service, DPLK Muamalat which provides pension funds service through Dana Pensiun Lembaga Keuangan, and Baitulmaal Muamalat which provides services of disbursing Zakat, Infak and Sadaqah (ZIS).



BMI never stops developing and continues altered into a better entity that achieves a long-term growth. With a well-directed business strategy Bank Muamalat Indonesia continues to move ahead, actualizing its vision to be “The Best Islamic Bank and One of the Top 10 Bank in Indonesia with Strong Regional Presence”.