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Name: |
Mirza Karim
Partner KarimSyah Law Firm Jakarta 43 Indonesian |
Could you provide a brief journey of how you arrived where you are today? We have assisted several Islamic banks in preparing their standard banking documents. In cooperation with Karim Business Consulting, we have also assisted banks in opening their Islamic branches. In addition, we are involved in preparing legal documents for Islamic bonds.
What does your role involve? Together with my partner, I also lead a practice group of Islamic finance. In addition, to further socialize Islamic finance, I spend my time giving lectures on Islamic finance in university and speaking at conferences, seminars and training courses on Islamic finance. What is your greatest achievement to date? Also worth mentioning is the work we did for the first international Ijarah syndication financing in Indonesia in early 2008, in which we assisted international financiers and prepared all the legal documents.
Which of your products/services deliver the best results? The legal documents managed to perfectly combine the concerns of the Shariah bank people and the business people in the industry without leaving behind the important Shariah principles.
What are the strengths of your business? What are the factors contributing to the success of your company? What are the obstacles faced in running your business today? Where do you see the Islamic finance industry, maybe in the next five years? Recently, the government announced that it will adjust tax regulation soon to waive the double taxation for Islamic transactions. Besides that, it is expected that in the near future, laws on Islamic banking and Sukuk will be enacted. Therefore, the current obstacles on Islamic transactions will be solved. Many investors, especially from those oil-rich countries that are now facing a surplus from high oil prices, will invest in Indonesia. Such foreign investment will create huge job opportunities and speed up Indonesian development in general.
Name one thing you would like to see change in the world of Islamic finance?
KarimSyah Law Firm was established in 1997 as one of very few Indonesian firms with transactional and litigation divisions, and is the country’s market leader in dispute resolution. Within a short period, it has come to be recognized as one of the country’s premier law firms. Visit www.karimsyah.com |