Bank NTB Syariah is currently devising a scheme to channel People\u2019s\nBusiness Credit (KUR) specifically for Indonesian Migrant Workers (PMI).\nThis move comes as the repayment of KUR instalments by PMI working\nabroad is still hampered by collection mechanisms.<\/p>\n
President Director of Bank NTB Syariah, Nazaruddin, stated that the\nbiggest challenge in disbursing KUR for PMI is the reluctance of foreign\ncompanies to get involved in the payment of KUR instalments received\nfrom the bank. The majority of employers abroad, Nazaruddin explained,\nrefuse to make direct salary deductions to pay bank instalments in\nIndonesia.<\/p>\n
\"If it\u2019s domestic, it\u2019s easy. Abroad, it\u2019s different. Companies there\ndo not want to deduct workers\u2019 salaries because they consider credit\nmatters to be the worker\u2019s own business,\" Nazaruddin said in Mataram on\nWednesday (8\/7\/2026).<\/p>\n
To circumvent this obstacle, Bank NTB Syariah is now designing a\nstanding instruction tactic, an automatic payment instruction. This\nstrategy will be locked in before the PMI arrives at their work\nplacement. Nazaruddin emphasised that before flying to the destination\ncountry, PMI must sign a standing instruction clause during the\nfinancing agreement. Once they arrive in the placement country and\nreceive a payroll account from their workplace, the payment system will\nbe directly integrated.<\/p>\n
\"I only need the person to sign the standing instruction here before\nthey depart. After their payroll account in Malaysia is opened, the\naccount number is sent to us to be linked,\" Nazaruddin stated.<\/p>\n
Bank NTB Syariah continues to build communication with several giant\ncorporations in Malaysia to smooth this plan, including palm oil\nplantation companies. The target is for the palm oil bosses to submit\nthe payroll account number data of PMI from NTB. \"Later, Bank NTB\nSyariah will also partner with Maybank Indonesia and Maybank Malaysia.\nThis can smooth the path for cross-border transactions,\" Nazaruddin\nsaid.<\/p>\n
Nazaruddin has scheduled himself and the Head of the NTB Manpower and\nTransmigration Office, Aidy Furqon, to fly directly to Malaysia at the\nend of July 2026. The main mission is to finalise the KUR instalment\npayment scheme with employers there. \"The most difficult one is\nMalaysia. If this most difficult one is resolved, it feels like other\ncountries just need to adopt the same format,\" Nazaruddin remarked.<\/p>\n
Nazaruddin clarified that this PMI KUR fund is not for broker fees or\ndeparture costs, considering the scheme to Malaysia is zero cost. \"So\nthis capital injection is purely intended as a guarantee for living\ncosts for workers and the families left behind in their hometowns,\" he\nexplained.<\/p>\n
It is known that Bank NTB Syariah has just received an additional PMI\nKUR ceiling injection of IDR 10 billion. As a result, the total KUR\nceiling managed now amounts to IDR 40 billion, with details of IDR 30\nbillion for general KUR and IDR 10 billion specifically for PMI.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bank-ntb-syariah-devises-kur-scheme-for-migrant-workers-eyes-payroll-deduction-1783569047", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }