syariah bank history

History of Mith operation originally stems from Ghamr Local Saving Bank in Egypt in 1963 and was a milestone in the history of Islamic Banking System. Then in 1967 the operation of Mith Ghamr taken over by the National Bank of Egypt and the Central Bank of Egypt due to political turmoil. Although Mith Ghamr already ceased to operate before reaching maturity and touches all the professions of business, its existence has given a positive sign for the Muslim community in general, with the introduction of the principle - the principle of Islam that is Applicable in modern business world.
Subsequent developments are stand Islamic Development Bank (IDB), established on the initiative of the secretary of state court OIC Countries in Pakistan in 1970, Libya in 1973, and Jeddah in 1975. In the hearing on proposed elimination of a financial system based on interest and replace it with the Sharing System. The establishment of the IDB has motivated many countries to establish an Islamic state sharia financial institutions. Until the end of the 1970s and early 1080's sharia banks began to appear in Egypt, Sudan, the Gulf Countries, Pakistan, Iran, Malaysia, Bangladesh, and Turkey.
From various reports on the development of Islamic banking, Islamic banking operations turned out that only controlled by three basic principles, namely;

    Elimination of an interest in all forms of transactions.

    Doing any legitimate business activity, trade law and commercial and industrial companies.

    Provide a social service which is reflected in the use of zakat funds to poor welfare.
With the development of sharia banks in various countries other Islamic countries, providing a positive impact for the influence of the Indonesian people themselves, This is evident in the early 1980's has a lot to discuss about the existence of the bank as an alternative Shariah-based Islamic banking as well as well as the support of the economic power of Islam in Indonesia, but to initiate a new Islamic Banking System started in 1990. Perbentukan Sharia Bank was initiated by the Indonesian Ulema Council (MUI) alone, with workshops on Bank Interest and bank generates the formation of a team tasked to conduct banking and consulting benefit approach Sharia Bank, this is what the founding memperkarsainya PT. BMI (Bank Muamalat Indonesia) in 1991.
At the beginning of the existence of the Bank Muamalat Indonesia Sharia Bank itself has not received a positive response and the optimal care of people in the order of the national banking industry, due to the Bank's Operational Law grounding system using a grounded Shariah Islamic law, which only considered as a Bank with sharing system and there are no details of the shari'a legal basis and the type of business that is allowed.
At the time of subsequent developments, the Bank during the reform era with the approval of Sharia Law No. dibuatkannya. 10 of 1998, which regulates in detail about the legal basis and the type of business types that can be operated and implemented by the shari'a Bank. The Act also provides direction for Conventional Bank to open branches of Sharia, or even convert himself totally into Sharia Bank.