ANTAM Launches Product Innovation of Gold Depository Services
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Jakarta, April 12, 2016 - PT ANTAM (Persero) Tbk (ASX - ATM; IDX – ANTM; ANTAM) is pleased to announce that the company has launched gold depository services product innovation called “BRANKAS”. The grand launch of the service took place at Balai Kartini Jakarta on Monday, 11 April 2016. During the event, ANTAM launched three added value services to its customers: “Corporate BRANKAS”, “BRANKAS Berzakat” and “Individual BRANKAS”.
ANTAM’s Marketing Director, Hari Widjajanto said:
ANTAM currently offers three BRANKAS services. The Corporate BRANKAS is geared toward corporations with liquid investment appetite such as ANTAM’s gold. The Corporate BRANKAS can also be offered to their employees who are interested in saving part of the monthly income for gold investment which will be stored in ANTAM.
The BRANKAS Berzakat service is geared toward Moslem customers who are interested in both investing and gold zakat in one product. The BRANKAS Berzakat includes automatic calculation of zakat when it reaches 85 grams nishab and one year haul limit. ANTAM cooperates with the National Amil Zakat Agency (BAZNAS) in providing the service. BAZNAS is the official zakat management institution based on Presidential Decree No. 8 Year 2001.
The Individual BRANKAS is geared toward individuals. Customers can join the service by purchasing as little as 1 gram of gold with a Rp25,000 per month membership fee. The service is geared toward customers eager to establish financial planning through gold investment.
BRANKAS is ANTAM’s gold purchasing and saving service which is offered by the Precious Metal Processing and Refinery Business Unit (UBPP LM). The advantages of BRANKAS include the security, production system and ease of transaction. The security and production system of BRANKAS is assured through ANTAM’s wholly owned gold mines as well as the London Bullion Market Association (LBMA) certification of the processing and refinery facilities of UBPP LM. ANTAM’s UBPP LM is the Indonesia’s only LBMA certified processing and refinery facility. The LBMA certification reflects UBPP LM’s produces are internationally certified with compliance with existing regulations as well as 99.99% certified gold grade standard.