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Get to know Bank Syariah Mandiri PT

Originally established in 1999 as a subsidiary of the state-owned PT Bank Mandiri (Persero) Tbk, Bank Syariah Mandiri (BSM) grew to become one of Indonesia's largest and most prominent Islamic banks. The bank was dedicated to providing a full range of banking products and services based on Islamic Sharia principles, including financing, savings, and investment products for retail, SME, and corporate customers. In a major government-led initiative to strengthen the national Islamic finance industry, Bank Syariah Mandiri, along with BRI Syariah and BNI Syariah, was officially merged on February 1, 2021, to create PT Bank Syariah Indonesia Tbk (BSI). BSI now continues the mission of advancing the Sharia economy in Indonesia on a much larger scale.

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Bank Syariah Mandiri PT

Indonesia

Founded in

01 Jan 1999 (27 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.