Private company

Bank Muamalat

Logo: https://www.bankmuamalat.co.id/, CC BY-SA 4.0, via Wikimedia Commons3

Commercial bank in Indonesia founded in 19911

Bank Muamalat Indonesia (BMI), (Bank Muamalat), is a commercial bank in Indonesia. It operates according to the principles of Islamic banking. Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.2 It is headquartered in Jakarta.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1991Founded1
Menara Muamalat
Photo: Ya, saya inBaliTimur, CC-BY-SA-2.0, via Wikipedia5

Bank Muamalat Indonesia (BMI), (Bank Muamalat), is a commercial bank in Indonesia. It operates according to the principles of Islamic banking. Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.2

The story

The bank was founded on 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI), under the auspices of the Government of Indonesia. Operations began on 1 May 1992. Foreign exchange service began in 1994.

From Wikipedia’s article on Bank Muamalat, shared under CC BY-SA 4.0.4

Products and brands

The Bank has 239 service offices and is supported by an extensive service network consisting of 568 Muamalat ATM units, 120,000 ATM Bersama and Prima ATM networks, 51 Mobile Cash Car units.

From Wikipedia’s article on Bank Muamalat, shared under CC BY-SA 4.0.4

Timeline

  1. 1991Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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