Bank Muamalat

Not to be confused with Bank Muamalat Malaysia.

PT Bank Muamalat Indonesia Tbk.

Menara Muamalat (Muamalat Tower), Bank Muamalat headquarters in Jakarta
Company type	Public ( Perseroan terbatas )
Industry	Islamic banking and finance
Founded	November 1, 1991;34 years ago (1991-11-01) in Jakarta, Indonesia
Headquarters	Jakarta, Indonesia
Key people	Imam Teguh Saptono (President Director)
Owner	Hajj Fund Management Agency (82.65%) Andre Mirza Hartawan (5.19%) Islamic Development Bank (2.04%) Others (10.11%)
Website	www.bankmuamalat.co.id

Bank Muamalat Indonesia (BMI), (Bank Muamalat), is a commercial bank in Indonesia. It operates according to the principles of Islamic banking. Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.^{[ citation needed ]}

History

The bank was founded on 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI), under the auspices of the Government of Indonesia. ^[1] Operations began on 1 May 1992. ^[1] Foreign exchange service began in 1994.

Principles

Funding products apply the principles of wadiah (deposit) and mudarabah (profit-sharing). Financing products apply the principles of bai’ (buy and sell), musharakah (equity sharing), mudarabah, and ijarah (rent).

Ownership

Currently, 82.65% stake of Bank Muamalat is owned by an Indonesian government agency, Hajj Fund Management Agency (BPKH), Andre Mirza Hartawan (commissioner of the bank) with 5.19%, the Islamic Development Bank (IsDB) with 2.04% shares, and others (10.11%). ^[2]

In 2022 the bank announced plans to be listed in the Indonesia Stock Exchange by late 2023. ^{[3] [4]}

Network

The Bank has 239 service offices and is supported by an extensive service network consisting of 568 Muamalat ATM units, 120,000 ATM Bersama and Prima ATM networks, 51 Mobile Cash Car units.

Management

Sharia Supervisory Board

Name	Position	Ref.
Sholahudin Al Aiyub	Chairman	[5]
Siti Haniatunnisa	Member
Agung Danarto

Board of Commissioners

Name	Position	Ref.
Sapto Amal Damandari	President Commissioner (Independent)	[6]
Sartono	Independent Commissioner
Andre Mirza Hartawan	Commissioner

Board of Directors

Name	Position	Ref.
Imam Teguh Saptono	President Director	[7]
Karno	Compliance Director
Ricky Rikardo Mulyadi	Director

References

1. "Profil Bank Muamalat". Bank Muamalat (in Indonesian). Retrieved 8 October 2023.
2. "Komposisi pemegang saham BMI". Bank Muamalat (in Indonesian). Retrieved 8 October 2023.
3. Damara, Dionisio (2022-03-17). "Bank Muamalat Bersiap IPO, Catat Waktunya". Bisnis.com (in Indonesian). Retrieved 2023-10-08.
4. Aprilia, Zefanya. "Bank Muamalat Listing 2023, Saham Siapa Dilepas ke Publik?". CNBC Indonesia (in Indonesian). Retrieved 2023-10-08.
5. "Dewan Pengawas Syariah". Bank Muamalat (in Indonesian). Retrieved 17 December 2024.
6. "Dewan Komisaris". Bank Muamalat (in Indonesian). Retrieved 17 December 2024.
7. "Direksi". Bank Muamalat (in Indonesian). Retrieved 3 September 2025.

External links

• Official website www.bankmuamalat.co.id