Bank Muamalat Explores Business Opportunities with Malaysian Entrepreneurs

Jakarta, November 27, 2019 - PT Bank Muamalat Indonesia Tbk explores business opportunities with businessmen from Malaysia who are bridged by the Malaysian External Trade Development Corporation (MATRADE) Chief of Bank Muamalat's Corporate Banking Officer Irvan Yulian Noor said, it was ready to help investors from neighboring countries who want to invest their capital in Indonesia, including expanding or conducting business matching if needed as is currently the case among Bank Muamalat Indonesia's Corporate customers. Moreover, currently Bank Muamalat Indonesia is a foreign exchange bank and the only Islamic bank in Indonesia that operates a full branch office in Kuala Lumpur, Malaysia with comprehensive services in terms of funding, financing and other financial services.

"We are happy to be ready to help fellow businessmen from Malaysia who want to expand to Indonesia. For this reason, we have prepared products suitable for the global market such as Foreign Exchange (Forex), multicurrency, sukuk, bank notes, Islamic hedging, investment financing products, working capital, supply chains and palm oil, "he said.

This was conveyed by Irvan before a Malaysian businessman in a briefing & sharing session facilitated by MATRADE at the Raffles Hotel on Monday, November 25, 2019. Around 30 representatives from 14 Malaysian medium-sized companies who had annual sales in the range of IDR 66 billion - IDR 1.65 T. These companies come from diverse industrial sectors including lifestyle, information technology and food packaging.

For information, in 2018 the export value of companies incorporated in the Mid-Tier Companies Development Program initiated by Matrade increased 10.9% to RM11.6 billion or around Rp39 trillion compared to the previous year. At present around 253 Malaysian companies have participated in the program since 2014.

Previously, Bank Muamalat had collaborated with the Investment Coordinating Board (BKPM) in order to open business opportunities with foreign investors. The commitment was marked by the signing of an agreement with both parties on Friday, October 25, 2019 in Jakarta. This collaboration also made Bank Muamalat the first state partner Islamic bank through BKPM.

With this collaboration, Bank Muamalat will become a Sharia bank for foreign investors, especially Malaysia, who want to invest their capital in Indonesia. Thus Malaysian investors will have a reference for funding through Bank Muamalat Indonesia so as to accelerate the investment realization process in Indonesia.

Bank Muamalat Explores Business Opportunities with Malaysian Entrepreneurs

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