Bank Muamalat

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PT Bank Muamalat Indonesia Tbk.
HeadquartersJakarta, Indonesia
Key people
Achmad Kusna Permana (CEO)
OwnerIslamic Development Bank (32,74%)
Boubyan Bank (22%)
Atwill Holdings Limited (17,91%)
National Bank of Kuwait (8,45%)

Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia. Operations began in 1992. foreign exchange service began in 1994. Funding products apply the principles of Wadiah (deposit) and Mudharabah (profit-sharing). Financing products apply the principles of Bai’ (Buy and Sell), Musyarakah (Equity Sharing), Mudharabah (Profit-Sharing), and Ijarah (Rent). Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.[citation needed]


The Bank offer services through more than 270 outlets spread over 33 provinces, supported by more than 3800 Online Post Office/SOPP in Indonesia. The bank has also opened branches abroad, in Kuala Lumpur, Malaysia.[citation needed] Bank Muamalat is integrated with the Malaysian Electronic Payment System (MEPS), and its services can be accessed at more than 2,000 ATMs in Malaysia.

Savings accounts, Shar-e, are accessible at more than 3800 post office across Indonesia. In addition, customers can make free cash withdrawal at most ATMs in Indonesia and can make debit transactions in more than 100,000 merchants.[citation needed]

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