Bank Muamalat Indonesia Reports 42.3 Per Cent Increase In Profit

Bank Muamalat Indonesia reported a 42.3 percent increase in net profit to Rp389.4 billion (RM121.48 million) last year from Rp273.6 billion (RM85.35 million) in the previous year. The net profit before tax reached Rp521.8 billion (RM162.78 million) or an increase of 40.4 percent from Rp371.7 billion (RM115.96 million) in 2011. The increase in net profit of the bank was attributable to a 38.1 percent rise in assets to Rp44.9 trillion (RM14 billion) in 2012. Its non performing financing remains at 1.81 percent. In 2012 , Bank Muamalat issued sharia bonds valued at Rp800 billion (RM249,57 million).