JAKARTA (Yosefardi) – PT Bank Muamalat Tbk, the oldest sharia bank in Indonesia, booked net profit of Rp142 billion in the first half of 2015, dropped 50% from Rp285 billion in the corresponding period of 2014.
The bank recorded revenue after profit sharing distribution of Rp1.12 trillion, lower than Rp1.26 trillion a previous year. Operating expenses rose to Rp967 billion from earlier Rp954 billion. Then operating profit fell 49% to Rp155 billion.
The bank’s assets reached Rp55.86 trillion while liability amounted Rp51.72 trillion.
Muamalat is now controlled by Islamic Development Bank (IDB) with 32.74%, National Bank of Kuwait with 30.45%, Atwill Holdings Ltd with 17.91%, IDF Foundation with 3.48%, BMF Holdings 2.84%, and other shareholders.