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Danamon, Adira Finance and Adira Insurance Held Discussion on Development of Sharia Based Financial Service in Indonesia
Jakarta, 8 June 2016. PT Bank Danamon Indonesia, Tbk. (Danamon), PT Adira Dinamika Multi Finance, Tbk. (Adira Finance) and PT Asuransi Adira Dinamika (Adira Insurance) held a talkshow titled 'Development of Sharia Based Financial Service in Indonesia' and introduced a Sharia Financial Leasing from Danamon Syariah. The event was attended by, among others, Danamon Vice President Director, Muliadi Rahardja; Danamon Syariah Director, Herry Hykmanto; Adira Finance Director and Chief Sales & Distribution, Hafid Hadeli; Adira Insurance President Director, Indra Baruna; and the Sharia Supervisory Board members of Danamon, Adira Finance and Adira Insurance.
'Danamon, Adira Finance, and Adira Insurance, as one of Indonesia's leading financial group, have an important role in driving the growth of the sharia economy. This role is not limited to providing innovative sharia-compliant products and services, but also raising the public's awareness and understanding on the benefits of sharia-based financial services. Through today's gathering, we want to extend our appreciation to members of the press, who have supported Danamon, Adira Finance, and Adira Insurance, especially in their coverage on sharia business activities,' said Danamon Syariah Director, Herry Hykmanto.
In the talkshow, Herry Hykmanto, Hafid Hadeli, and Indra Baruna discussed the developments of sharia-based financial services in Indonesia, including banking and insurance products. Through this discussion, members of the press can acquire a better understanding on the latest trends in sharia-based financial services as well as the challenges and opportunities within this growing segment.
During this event, Danamon Syariah also introduced a financing product for the productive sector that will be its focus for the next one year. This new product is a financial lease with an IMBT or Ijarah Muntahiya Bit Tamlik principle. This financing product has a 'lease to own' clause in which the customer lease an asset from the Bank, and, once the leasing term has ended, the Bank will transfer the asset's ownership to the customer. This IMBT financial leasing is a unique product that can only be offered by a sharia-compliant bank. This product provides a unique value to customer, which does not have to undertake capital expenditure to acquire assets and only require to pay a monthly leasing fee to the Bank. This will result in a more manageable cash flow and better financial ratio for the customer.
'Danamon Syariah continues to introduce innovative products that meet the sharia finance needs of individual and business customers. We are focusing on financial leasing because it supports the growth of sharia economy and the country's overall economy, which is currently undergoing infrastructure development in numerous sectors. With this financial leasing product, Insya Allah, sharia businesses in Indonesia can enjoy its benefits in their business expansion,' added Herry Hykmanto.
At this event, Adira Finance also shared some information on development in sharia-based multifinance, which has recorded significant growth in recent years. This is reflected by the 90% growth to Rp 4.5 trillion in new financing booked by Adira Finance Syariah in 2015, contributing to 15% of the company's total new financing in 2015. Overall, sharia financing contributed 12% to overall financing or Rp 5.4 trillion in 2015. This growth is evidence that there is rising demand in sharia-based financing among Indonesian customers. With this achievement, Adira Finance will continue to innovate in bringing products and services that meet the needs of customers in order to complement existing products, such as sharia-based automotive financing. In the near future, Adira Finance Syariah will launch a new product called Insan Syariah Haji and Umrah, which enable customers to participate in Hajj or Umrah pilgrimage by using sharia financing to pay from Umrah and Hajj Plus packages as well as the down payment for regular Hajj package.
Additionally, there are 6 new products that will be launched in stages. Among them is Mitra Insan Syariah in which Adira Finance Syariah cooperates with a number of institutions such as Baitul Mal Wa Tamwil (BMT) to support the marketing of Adira Finance Syariah's products. Other new products include Insan Syariah Usaha, which is financing to establish and expand businesses; Insan Syariah Rencana, which is financing for education, training, medical care, or home renovation; Insan Syariah Manfaat, which is financing for wedding ceremonies and others; Insan Syariah Hikmah, which is financing for sharia tourism; and Insan Syariah Persone, which is financing for consumer goods, such as mobile phone, electronic appliances, gadgets, furnitures, and others.
At a separate occasion, Adira Finance President Director, Willy S Dharma said, 'The achievement of Adira Finance Syariah in 2015 proved that the public demand on sharia-based financing is increasing. This demand needs to be facilitated in the best manner by providing products and services that are in line with the needs of the public.'
Furthermore, Adira Insurance informed on its sharia-based product that is currently in development, which is sharia-based travel insurance designed to cover Umrah and Hajj pilgrimages. The product is called 'Travellin Syariah,' which is derived from its conventional travel insurance product 'Travellin' that was launched 3 years ago to provide coverage for domestic and international travelers.
Travellin Syariah provides three main coverage are accident during the trip (such as death or permanent disability); illness or injury during the trip (inpatient care, family accompaniment and repatriation payment); and disturbances during the trip (such as delays, cancelation of flight, delay on baggage delivery, and loss of baggage).
In marketing Travellin Syariah, Adira Insurance has cooperated with two prominent travel bureau associations, which supervises hundreds of travel agents for Hajj and Umrah pilgrimages in Indonesia. This sharia based insurance is also in line with Ministry of Relgious Affairs' regulation No. 18/2015 article 10,14, and 16 on Umrah Pilgrimage as well as the Fatwa of the National Sharia Council MUI No. 39/DSN-MUI/2002 on Hajj insurance, which stipulated that Hajj insurance should be based on sharia principles.
'In addition to travel insurance, Adira Insurance Syariah also continues to develop sharia insurance in other segments, such as micro and retail segments. The sharia based products that we proudly offer are Amanah Mikro, Salaam Card, Salaam Sehat, and others,' said Adira Insurance President Director, Indra Baruna.
In line with the spirit of Ramadan and as a form of social responsibility, Danamon, Adira Finance, and Adira Insurance announces their donations that are drawn from each of their Qorhul Hasan fund. Danamon Syariah donated Rp 50 Juta for the 'Bersama Mengentaskan Kemiskinan' (Eleminate Poverty Together) program, which was handed to Laznas Al Azhar Director, Sigit Iko Widodo.
In addition to providing innovative products and services, Adira Finance Syariah donated a charitable fund for those in need, handing 8 hand tractors units for a community of farmers in Semarang, Central Java, which is valued at Rp 150 million.
Adira Insurance also donated 1,000 packages filled with staple goods, praying clothes, and school supplies for the underprivileged. The donation is valued at Rp 250 million.
This year, Danamon celebrates its 60th anniversary, which will be accompanied by a series of exciting activities. These activities include new product launches, attractive promos, social responsibility activities, and others. Activities related to the 60th anniversary will be announced in stages in the lead up and after Danamon's anniversary date, on 16 July 2016.
About Danamon:
PT Bank Danamon Indonesia, Tbk. ('Danamon') was established in 1956 and as of March 31, 2016 operates a network of 1,929 including among others conventional branches, Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 2016, Danamon provides its customers with more than 60,000 ATMs, including through its association with ATM Bersama and ALTO, in all 34 provinces in Indonesia. Danamon manages around IDR 179 trillion in assets as of 31 March 2016.
Danamon is also the sole license holder of Manchester United cards in Indonesia, and the issuer of Manchester United ATM/Debit cards and credit cards.
PT Adira Dinamika Multi Finance, Tbk. (Adira Finance), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia. Danamon is also the majority owner of PT Asuransi Adira Dinamika (Adira Insurance), a general insurance company and PT Adira Quantum Multifinance (Adira Kredit), a durable goods financing company.
As of March 31, 2016, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd., 6.72% by JPMCB-Franklin Templeton Investment Funds and 25.91% by the Public.
For further information, please visit Danamon's corporate website at:www.danamon.co.id.
About Adira Finance: Adira Finance is established in 1990 as a four wheeled vehicle financing company, which expanded to motorcycle financing in 1997. In 2004, Adira Finance listed its shares in the Indonesian Stock Exchange, which are acquired wholly by PT Bank Danamon Indonesia, Tbk. Danamon currently holds 92.07% shares in Adira Finance. For more information, please visitwww.adira.co.id
About Adira Insurance:
Adira Insurance was established on 24 January 2002 as a general insurance company. The company provides products and services that are caring, simple, and reliable as well as in line with the needs of customers. The products offered by Adira Insurance are conventional and sharia-based products. Its main product is its car insurance, Autocilin, and motorcycle insurance, Motopro, and health insurance, Medicilin. Additionally, Adira Insurance also provides insurance for personal accident, travel, property, heavy equipment, shipping hull, enginerring, surety bond, transportation, and others. All of these are supported by excellent service to all customers through a simple process via Adira Care Hotline 1500 456, SMS 0812 111 3456, website atwww.asuransi.adira.co.id,www.travellin.co.id,www.medicillin.com, Autocillin Rescue fleet (covering towing car, ambulance, and emergency road assistance), auto shop parnets, Autocilin Mobile Claim Service (a mobile unit to handle claims), Autocilin Mobile Claim Application (for claim handling, product information, and other services), and Medicilin Mobile Claim Application (for information on insurance limit, body mass index measurement, information on partner hospital, and other services).
PT Bank Danamon Indonesia, Tbk. Abrahm Sihaloho
External Affairs Head
Telephone (+6221) 57991001-03
ext. 8361
Mobile: (+62) 811984 1400.
Fax. (+6221) 8064 5030
Email:external.affairs@danamon.co.id

PT Adira Dinamika Multi Finance, Tbk. (Adira Finance)
Silvi Tirawaty
Head of Corporate Communication
Telephone (+6221)52963232, Fax (+6221) 52964171
Mobile: (+62) 818766636
Email :silvi.tirawaty@adira.co.idPT Asuransi Adira Dinamika (Adira Insurance)
Lidiya Tiwow (Lidiya)
CSR & Corporate Communication Dept. Head
PT Asuransi Adira Dinamika
HP : 0812 94 28 978
Tel : (021) 2966 7373
Faks : (021) 2966 7345/7374
Email: herty.tiwow@asuransi.adira.co.id
Posted on Wednesday, June 8, 2016
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PT Bank Danamon Indonesia Tbk published this content on 08 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 June 2016 02:49:04 UTC.

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