Jakarta, CNN Indonesia —
Hajj Financial Management Agency (BPKH) will become the majority shareholder of PT Bank Muamalat Indonesia Tbk (BMI) after disbursing funds worth IDR 3 trillion. Through this corporate action, BPKH’s total share ownership in Bank Muamalat rose to 82.7 percent.
Head of BPKH Anggito Abimanyu explained that the decision was taken after obtaining internal approval from the BPKH supervisory board and also from shareholders.
BPKH, continued Anggito, has received the transfer of shares through a grant from the controlling shareholders (PSP). PSP includes Islamic Development Bank (IsDB), Boubyan Bank, Atwill Holdings Limited, National Bank of Kuwait, IDF Investment Foundation, and BMF Holdings Limited with 7,903,112,181 shares or equivalent to 77.42 percent.
After the transfer of shares, BPKH will then invest in Bank Muamalat worth Rp. 1 trillion in the first stage through the addition of shares through the Public Company Capital Increase scheme by Providing Pre-emptive Rights (PMHMETD) or rights issue.
Second, the agency purchased Bank Muamalat’s subordinated instruments worth Rp2 trillion in the second phase.
“We conveyed to the media that WL The BPKH investment process in Muamalat has received approval, both internally, namely the supervisory board, and the OJK,” he explained at a press conference, Tuesday (4/1).
He explained that there are two reasons BPKH invests in the Islamic bank, the first is to get value for benefits for pilgrims. Second, to get services for all pilgrims throughout Indonesia.
“The value of benefits can be dividends, capital gain and also how BPKH utilizes BMI branches throughout Indonesia and digital services to be able to provide services,” he explained.
Prior to the injection of capital to Bank Muamalat, he said that BPKH had already collaborated with PT Perusahaan Pengelola Aset (PPA), to manage low-quality assets/financing at Bank Muamalat worth Rp. 10 trillion.
After going through the process, he also claimed that Bank Muamalat had become a healthy bank (good bank) and ready to be developed through BPKH capital injection.
He conveys the allotment rights issue will be carried out on January 7, 2022, after which BPKH will officially own about 82.7 percent of Bank Muamalat shares.
The future development of Bank Muamalat is focused on building a sustainable business through improving governance, synergizing with the entire pilgrimage ecosystem, sharia market segment, leading institutional market, and the MSME sector.
He added that Bank Muamalat’s digital segment will also be strengthened, especially for application services mobile banking.
(wel / sfr)
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