Strengthening growth PillarSMeMPerkuat Pilar-Pilar PertuMbuhan

Laporan Tahunan 2016 annuaL reporTpT Bank panin DuBai Syariah TBk

01kilaS kinerJa 2016 performance highlights 20162 ikhtisar Keuangan Financial highlights4 grafik Kinerja Utama Key Performance Chart5 ikhtisar Saham Stock highlights5 Pergerakan Saham di 2016 Shares Movement in 20166 ikhtisar obligasi Bond highlights6 ikhtisar waran warrant highlights7 Penghargaan awards8 Peristiwa Penting event highlights

02lapOran ManaJeMen ManageMent repOrtS10 laporan Dewan Pengawas Syariah Board of Sharia Supervisory report12 laporan Dewan Komisaris Board of Commissioners report18 laporan Direksi Board of Directors report22 Struktur grup Perusahaan Corporate group Structure

• Surat Pernyataan anggota Dewan Komisaris tentang tanggung Jawab atas laporan tahunan 2016 Pt Bank Panin Dubai Syariah tbk

Statement of Members of Board of Commissioners regarding the responsibility for 2016 annual report of Pt Bank Panin Dubai Syariah tbk

• Surat Pernyataan anggota Direksi tentang tanggung Jawab atas laporan tahunan 2016 Pt Bank Panin Dubai Syariah tbk

Statement of Members of Board of Directors regarding the responsibility for 2016 annual report of Pt Bank Panin Dubai Syariah tbk

03prOFil peruSahaanCOMpany’S prOFile27 informasi Umum Perusahaan Company’s general information29 akses informasi dan Data Perusahaan access to information and Corporate Data30 Jejak langkah Milestone

Daftar Isi T a b le O f C o nte nt s

32 Sejarah Singkat Perusahaan the Company’s Brief history33 Kegiatan Usaha Business activities38 Produk dan layanan Product and Services 39 alamat Perusahaan dan Kantor Cabang Company and Branch offices’ address40 Struktur organisasi Perusahaan Company’s organizational Structure41 Visi dan Misi Vision and Mission42 Budaya Perusahaan Corporate Culture43 Profil Dewan Pengawas Syariah Profile of the Board of Sharia Supervisory44 Profil Dewan Komisaris Profile of the Board of Commissioners47 Profil Direksi Profile of the Board of Directors47 Profil anggota Komite Profile of Committee Member48 Profil Sekretaris Perusahaan Profile of Corporate Secretary48 Profil Kepala Unit audit internal (SKai) Profile of head of SKai49 Profil Pejabat eksekutif Profile of the executive officers50 Komposisi Pemegang Saham Shareholders Composition50 Daftar Pemegang Saham 5% atau lebih list of Shareholders owning More than 5%51 Daftar 20 Pemegang Saham terbesar list of top 20 Shareholders51 Jumlah Pemegang Saham lokal dan asing number of local and Foreign Shareholders52 Kepemilikan Saham anggota Dewan Komisaris

dan anggota Direksi Shares ownership of the Members of the

Board of Commissioners and the Member of Board of Directors

52 entitas anak, entitas asosiasi dan Perusahaan Ventura

Subsidiary, associate and Joint Venture Company

52 Kronologi Pencatatan Saham Chronology of Shares listing53 Peringkat Perusahaan Company’s rating53 Peringkat obligasi Bond rating53 lembaga dan Profesi Penunjang Pasar Modal Capital Market Supporting Professions and

institutions 54 Daftar Konsultan yang Digunakan di tahun

2016 list of Consultants used in 201655 Profil Singkat Pemegang Saham Pengendali a Brief Profile Controlling Shareholder

04tinJauan penDukung biSniSOverview OF buSineSS SuppOrt57 laporan Sumber Daya Manusia human resources report62 teknologi informasi information technology65 operasional Back Office Back office operations

05analiSiS Dan peMbahaSan ManaJeMenManageMent DiSCuSSiOn anD analySiS67 tinjauan Umum general overview68 tinjauan industri Perbankan overview on Banking industry69 tinjauan industri Perbankan Syariah overview on Sharia Banking industry71 tinjauan Per Segmen Usaha overview Per Business Segment82 Kinerja Usaha Keuangan Perusahaan Financial Performance of the Company82 laporan Posisi Keuangan Statements of Financial Position86 laporan laba/(rugi) Statement of Profit/(loss)87 laporan arus Kas Statements of Cash Flows88 target/Proyeksi 2017 target/Projection for 201790 Kemampuan Membayar Utang dan tingkat

Kolektibilitas Piutang Solvency and Collectability rate91 Struktur Modal dan Kebijakan Manajemen atas

Struktur Modal Capital Structure and Management Policy on

Capital Structure92 ikatan yang Material untuk investasi Barang

dan Modal Material Commitment on Capital goods

investment93 informasi dan Fakta Material yang terjadi

Setelah tanggal laporan akuntan information and Material Fact Subsequent to

Balance Sheet Date93 informasi Material Mengenai investasi,

ekspansi, Divestasi, restrukturisasi Utang/Modal

Material information on investment, expansion, Divestment, Capital/Debt restructuring

93 informasi transaksi Material yang Mengandung Benturan Kepentingan dan transaksi dengan Pihak afiliasi

information on Material transaction Containing Conflict of interest and transaction with affiliated Parties

93 aksi Korporasi terkait Penerbitan Saham,

obligasi, Sukuk atau obligasi Konversi lain dan Kronologis Pencatatan efek lainnya

Corporate action related to issuance of Shares, Bonds, Sukuk, or other Convertible Bonds and other Securities listing Chronology

94 aksi Korporasi terkait Pemecahan Saham, Penggabungan Saham, Saham Bonus atau Perubahan nilai nominal Saham

Corporate actions related to the Stock Split, reverse Stock, Bonus of Shares or the Change of Shares nominal

94 Penghentian Sementara Perdagangan Saham atau Penghapusan Pencatatan Saham

temporary Supension of Shares trading or Delisting of Shares

94 Derivatif dan Fasilitas lindung nilai Derivative and hedging Facility94 transparansi dan Kondisi Keuangan dan

non Keuangan yang Belum Diungkap dalam laporan lainnya

tranparency of Financial and non financial Conditions which have not Been Disclosed on other reports

94 aspek Pemasaran Marketing aspect95 Pendapatan non-halal dan Penggunaannya non-halal Proceeds and the Use95 Program Kepemilikan Saham oleh Manajemen

(MSoP) Management Shares ownership Program

(MSoP)95 Program Kepemilikan Saham oleh Karyawan

(eSoP) employees Shares ownership Program (eSoP)95 Kebijakan Dividen Dividend Policy96 laporan realisasi Penggunaan Dana hasil

Penawaran Umum Saham realization report of Fund Utilization of initial

Public offering (iPo)96 rencana Penggunaan Dana hasil Penawaran

Umum Saham the Plan of Usage of Fund from the iPo96 Perubahan Kebijakan akuntansi Changes in accounting Policy96 Prospek Usaha Business outlook98 Proyeksi tahun 2017 Projection for 201799 informasi Kelangsungan Usaha information on Business Continuity

06lapOran tata kelOla peruSahaangOOD COrpOrate gOvernanCe repOrt101 Penerapan tata Kelola Perusahaan implementation of Corporate governance 102 hasil Self Assessment Pelaksanaan gCg Self assessment result of gCg implementation108 Pelaksanaan gCg Panin Dubai Syariah Bank

tahun 2016 Bank’s gCg implementation in 2016109 rapat Umum Pemegang Pemegang Saham

(rUPS) general Meeting of Shareholders (gMS)

110 Pelaksanaan rUPS di tahun 2016 implementation of gMS in 2016112 Pelaksanaan rUPS luar Biasa di tahun

2016 extraordinary gMS Confention in 2016114 informasi rUPS tahun Sebelumnya information on gMS of the Previous Year

119 Dewan Pengawas Syariah Board of Sharia Supervisory124 Dewan Komisaris Board of Commissioners129 Komisaris independen independent Commissioner

130 Komite di Bawah Dewan Komisaris Committees Under the Board of

Commissioners 130 Komite audit audit Committee 133 Komite Pemantau risiko dan tata Kelola

Perusahaan Corporate governance and risk

Monitoring Committee 135 Komite remunerasi dan nominasi remuneration and nomination

Committee138 Frekuensi rapat dan Kehadiran anggota

Komite audit, Komite Pemantau risiko dan tata Kelola Perusahaan Serta Komite remunerasi dan nominasi

Meeting Frequency and attendance oF audit Committee, Corporate governance and risk Monitoring Committee and remuneration and nomination Committee

138 Direksi Board of Directors142 Komite di Bawah Direksi Committees Under the Board of Directors148 Perubahan Susunan Dewan Pengawas Syariah,

Dewan Komisaris, dan Direksi dalam tahun Buku yang terjadi Setelah Berakhirnya tahun Buku 2016

Changes in Composition of the Board of Sharia Supervisory, the Board of Commissioners, and the Board of Directors in Fiscal Year Subsequent to the end of 2016 Fiscal Year

149 Pedoman dan Kode etik Dewan Pengawas Syariah, Dewan Komisaris, dan Direksi

Board Manual and Code of Conduct of the Board of Sharia Supervisory, the Board of Commissioners, and the Board of Directors

149 Sekretaris Perusahaan Corporate Secretary155 Satuan Kerja audit internal (SKai) internal audit Unit (iaU)160 Pengendalian internal internal Control162 akuntan Publik dan Kantor akuntan Publik Public accountant and Public accounting Firm163 Penerapan Fungsi audit eksternal implementation of external audit Function165 laporan Manajemen risiko risk Management report

165 Profil risiko Bank risk Profile of Bank

174 Kode etik Code of Conduct178 Perkara hukum di tahun 2016 legal Case in 2016179 Sanksi administratif yang Dikenakan Kepada

Panin Dubai Syariah Bank oleh otoritas Pasar Modal dan otoritas lainnya

administrative Sanction imposed on Panin Dubai Sharia Bank by Capital Market authorities and other authorities

179 Sanksi administratif yang Dikenakan Kepada anggota Dewan Komisaris dan anggota Direksi oleh otoritas Pasar Modal dan otoritas lainnya

administrative Sanction imposed on the Board of Commissioners and the Board of Directors by Capital Market authorities and other authorities

179 Sistem Pelaporan Pelanggaran whistleblowing System183 Jumlah Penyimpangan yang terjadi dan

Penyelesaiaannya number of Fraud and its remediation efforts183 Mekanisme Pengadaan Barang dan Jasa Mechanisms For goods and Services

Procurement

183 Pelaksanaan Prinsip Syariah dalam Kegiatan Penghimpunan Dana dan Penyaluran Dana serta Pelayanan Jasa

implementation of Sharia Principle in Fund Collection, Fund Distribution, and Services

184 Penanganan Benturan Kepentingan Conflict of interest handling186 Penerapan Fungsi Kepatuhan implementation of Compliance Function188 Batas Maksimum Penyaluran Dana Maximum limits of legal lending189 Penyaluran Dana untuk Kegiatan Politik Fund Distribution for Politics189 transparansi Kondisi Panin Dubai Syariah Bank,

laporan Pelaksanaan gCg dan Pelaporan internal

transparency of Panin Dubai Sharia Bank’s Condition, gCg implementation report, and internal reports

190 Pemberian remunerasi dan Fasilitas lainnya remuneration and other Facilities190 rasio gaji tertinggi dan terendah ratio of the highest and lowest salary190 transparansi Kondisi Keuangan dan non

Keuangan Panin Dubai Syariah Bank yang Belum Diungkap dalam laporan lainnya

transparency of Panin Dubai Sharia Bank’s Financial and non-Financial Conditions that have not been Declared in other reports

191 transaksi yang mengandung Benturan Kepentingan

transactions Containing Conflict of interests191 Buy Back Shares dan/atau Buy Back obligasi Buy-Back Shares and/or Buy-Back Bond191 Pendapatan non-halal Perusahaan non-halal income of the Company191 akses informasi dan Data Perusahaan Company Data and information access191 laporan Pengaduan nasabah Customer’s Complaint report191 laporan Sumber dan Penggunaan Dana Zakat

Korporasi dan Dana Qardhul Hasan report on the Source and Use of Funds from

Zakat and Qardhul hasan

07lapOran tanggung Jawab SOSial peruSahaan COrpOrate SOCial reSpOnSibility repOrt194 Pelaksanaan CSr di Bidang lingkungan hidup implementation of CSr in environmental

Sector194 Pelaksanaan CSr di Bidang Ketenagakerjaan implementation of CSr in Manpower Sector195 Pelaksanaan CSr di Bidang Sosial

Kemasyarakatan implementation of CSr in Social and

Community Sector196 CSr terkait Konsumen CSr toward Consumers

08lapOran keuangan inDuk peruSahaanFinanCial StateMentS OF parent COMpanylaporan Keuangan PaninBankFinancial Statements of PaninBanklaporan Keuangan Dubai islamic Bank PJSCFinancial Statements of Dubai islamic Bank PJSC

09lapOran keuanganFinanCial StateMentSlaporan Keuangan Panin Dubai Syariah Bank Posisi 31 Desember 2016 (Diaudit) Financial Statements of Panin Dubai Sharia Bank as of December 31, 2016 (audited)

12016 annUal rePort

(Dalam jutaan rupiah) 2016 2015 2014 (In IDR million)

neraca balance Sheet

total aset 8.757.964 7.134.235 6.206.504 total assets

Pembiayaan Bersih 6.263.352 5.620.680 4.736.314 net Financing

investasi pada Sukuk 1.060.297 333.380 151.574 invesment in Sukuk

Dana Pihak Ketiga 6.899.008 5.928.345 5.076.082 third Party Fund

giro 463.105 254.802 395.990 Demand Deposits

tabungan 598.815 587.600 504.051 Saving

Deposito 5.837.088 5.086.655 4.176.150 Deposits

Jumlah ekuitas 1.187.941 1.155.491 1.076.317 total equity

Jumlah liabilitas 7.570.023 5.978.744 5.130.187 total liabilities

laba/rugi profit/loss

Jumlah laba (rugi) yang dapat didistribusikan kepada pemilik entitas induk dan kepentingan non pengendali

19.541 53.578 70.939income (loss) attributable to equity

holders of the parent company and non-controlling interest

laba rugi bersih 19.541 53.578 70.939 net profit (loss)

total laba (rugi) komprehensif 27.301 73.895 73.889 total comprehensive profit (loss)

Jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan non pengendali

27.301 73.895 73.889

Comprehensive profit (loss) attributable to equity holders of the

parent entity and non-controlling interest

laba (rugi) bersih per saham 1,91 5,21 7,23 earnings (loss) per share

rasio lancar 28,16% 34,39% 68,21 Current ratio

rasio laba (rugi) terhadap pendapatan 2,67% 7,27% 12,67% income (loss) to revenue ratio

rasio laba rugi terhadap jumlah aset 0,37% 1,14% 1,99% income (loss) to total assets ratio

rasio liabilitas terhadap ekuitas 637,24% 517,42% 476,64% liabilities to equity ratio

rasio liabilitas terhadap total aset 86,44% 83,80% 82,66% liabilities to total assets ratio

ikhtiSar keuanganFinanCial highlightS

2 Laporan Tahunan 2016

(Dalam jutaan rupiah) 2016 2015 2014 (In IDR million)

Pendapatan Pengelolaan Dana oleh Bank sebagai Mudharib

693.132 711.206 526.520revenue receipts from Fund

Management as Mudharib

hak Pihak Ketiga atas Bagi hasil Dana Syirkah temporer

397.856 421.249 295.597third parties’ share on return of

temporary syirkah funds

Pendapatan Usaha lainnya 23.528 23.031 33.269 other operating revenues

Beban Kerugian Penurunan nilai-Bersih 59.643 41.388 38.621 Provision for impairment losses-net

Beban operasional lainnya 232.684 193.673 128.063 other operating expenses

laba operasional 27.495 77.927 97.507 income from operations

Pendapatan (Beban) non Usaha-Bersih 968 (621) 676non-operating revenues (expenses)-

net

Zakat 712 1.933 2.455 Zakat

laba Sebelum Pajak 27.751 75.373 95.729 Profit Before tax expense

laba Bersih 19.541 53.578 70.939 net Profit

rasio keuangan penting Financial ratio

rasio Kecukupan Modal 18,17% 20,30% 25,69% Capital adequacy ratio

Pembiayaan Bermasalah Kotor 2,26% 2,63% 0,53% non Performing Financing gross

Pembiayaan Bermasalah Bersih 1,86% 1,94% 0,29% non Performing Financing netto

tingkat Pengembalian aset (roa) 0,37% 1,14% 1,99% return on assets (roa)

tingkat Pengembalian ekuitas (roe) 1,76% 4,94% 7,01% return on equity (roe)

Beban operasional terhadap Pendapatan operasional (BoPo )

96,17% 89,29% 82,58% expands to Profit ratio

Pembiayaan terhadap Dana Pihak Ketiga (FDr)

91,99% 96,43% 94,04% Financing to Deposits ratio

giro wajib Minimum (gwM) 5,20% 5,20% 5,20% reserve requirment

Posisi Devisa netto 0,01% 0,00% 0,00% nett open Position

Persentase Pelanggaran Batas Maksimum Pemberian Pembiayaan (BMPP)

0,00% 0,00% 0,00%Percentage of

legal lending limit Violation

01

P e r f o r m a n c e H i g h l i g h t s 2 0 1 6

KinerjaKilas

32016 AnnuAl RepoRt

Dalam jutaan rupiah / in million rupiah

Dalam jutaan rupiah / in million rupiah

Dalam jutaan rupiah / in million rupiah

graFik kinerJa utaMakey PerForManCe Chart

Dalam jutaan rupiah / in million rupiah

Dalam jutaan rupiah / in million rupiah

Dalam jutaan rupiah / in million rupiah

total asettotal assets

pendapatan pengelolaanDana oleh bank sebagaiMudharibrevenue receipts from FundManagement as Mudharib

pembiayaan bersihnet Financing

beban kerugian penurunan nilai-bersihProvision for impairment losses-net

Dana pihak ketigathird Party Fund

laba Sebelum pajakProfit Before tax

2014 2015 2016

7.134.235

2014 2015 2016

5.620.6806.263.352

2014 2015 2016

5.928.345

2014 2015 2016

711.206693.132

2014 2015 2016

38.62141.388

58.625

2014 2015 2016

95.72975.373

27.751

6.206.5048.757.964

4.736.3435.076.082

6.899.008

526.520

4 Laporan Tahunan 2016

Q1 Q2 Q3 Q4

ikhtiSar SahaMStoCk highlightS

Pergerakan SahaM di 2016ShareS MoveMent in 2016

volume harga / price

periode /Period

harga pembukaan / Opening Price

harga terendah /

Lowest Price

harga tertinggi /

Highest Price

harga penutupan / Closing Price

volume transaksi / Volume of

Transactions

Jumlah saham beredar /

Total Outstanding

shares

kapitalisasi pasar / Market Capitalization

2015

tw 1 / Q1 180 180 240 233 45.551.400 9.840.313.800 2.292.793.115.400

tw 2 / Q2 233 229 299 265 49.878.700 9.850.456.900 2.610.371.078.500

tw 3 / Q3 265 198 275 224 14.025.200 9.853.109.900 2.207.096.617.600

tw 4 / Q4 224 214 250 250 19.227.400 9.872.717.000 2.468.179.250.000

2016

tw 1 / Q1 250 200 268 218 6.875.100 9.873.572.600 2.152.438.826.800

tw 2 / Q2 218 185 240 210 30.905.900 9.874.495.600 2.073.644.076.000

tw 3 / Q3 210 195 236 199 10.463.550 9.898.874.800 1.969.876.085.200

tw 4 / Q4 199 117 200 120 50.301.800 9.919.525.410 1.190.343.049.200

Jan ‘16Jan ‘16

Jul ‘16Jul ‘16

apr ‘16apr ‘16

okt ‘16oct ‘16

Feb ‘16Feb ‘16

agu ‘16aug ‘16

Mei ‘16May ‘16

nov ‘16nov ‘16

Mar ‘16Mar ‘16

Sep ‘16Sep ‘16

Jun ‘16Jun ‘16

Des ‘16Dec ‘16

35.000.000.000

30.000.000.000

25.000.000.000

20.000.000.000

15.000.000.000

10.000.000.000

5.000.000.000

0

250

200

150

100

50

0

52016 AnnuAl RepoRt

ikhtiSar obligaSibond highlightS

ikhtiSar waranwarrant highlightS

Panin Dubai Syariah Bank menerbitkan waran Seri i pada saat

Penawaran Umum Perdana Saham di awal 2014. Bersamaan dengan

Penawaran Umum Perdana Saham, Panin Dubai Syariah Bank juga

menerbitkan 950.000.000 (sembilan ratus lima puluh juta) waran

Seri i. waran Seri i diberikan kepada setiap pemegang saham baru

yang namanya tercatat dalam Daftar Pemegang Saham penjatahan

secara cuma-cuma, dengan ketentuan bahwa setiap pemegang 5

(lima) Saham baru memperoleh 1 (satu) waran Seri i. waran Seri i

dapat dilaksanakan menjadi Saham baru yang dikeluarkan dari dalam

portepel.

waran Seri i adalah efek yang memberikan hak kepada pemegangnya

untuk dapat membeli saham baru Panin Dubai Syariah Bank yang

dikeluarkan dari portepel dengan nilai nominal rp100 (seratus

rupiah) dengan harga pelaksanaan sebesar rp110 (seratus sepuluh

rupiah), yang dapat dilaksanakan selama periode pelaksanaan

waran Seri i, dimulai dalam waktu 6 (enam) bulan setelah tanggal

pencatatan, yaitu mulai 15 Juli 2014 sampai dengan 14 Januari 2017.

Setiap pemegang 1 (satu) waran Seri i berhak untuk membeli 1

(satu) saham Panin Dubai Syariah Bank. Pemegang waran Seri i

tidak mempunyai hak sebagai Pemegang Saham termasuk hak

atas dividen dan/atau hak mengeluarkan suara dalam rapat Umum

Pemegang Saham selama waran Seri i tersebut belum dilaksanakan

menjadi Saham.

apabila waran Seri i tidak dilaksanakan sampai habis masa

berlakunya, maka periode pelaksanaan waran Seri i tersebut tidak

dapat diperpanjang dan waran Seri i tersebut menjadi kadaluarsa,

tidak bernilai serta tidak berlaku. waran Seri i yang akan dikeluarkan

mempunyai jangka waktu selama 3 (tiga) tahun sejak tanggal

pencatatan pada 15 Januari 2014.

Panin Dubai Sharia Bank issued warrant Series i during initial Public

offering in early 2004. Concurrently with the iPo, Panin Dubai Sharia

Bank also issued 950,000,000 (nine hundred fifty million) warrant

Series i. warrant Series i has been given to every new shareholder

whose name is registered in the list of Shareholders, free of charge,

on condition that every 5 (five) new Share accept 1 (one) warrant

Series i. warrant Series i can be executed to new Share released from

the portfolios.

warrant Series i is securities which give the rights to its owner to buy

Panin Dubai Sharia Bank’s new shares released from the portfolios

with nominal value of rp100 (a hundred rupiah) with exercise price

of rp110 (one hundred ten rupiah) that can be executed during the

warrant Series i period, starting within 6 (six) months after the listing

date, commencing from July 15, 2014 to January 14, 2017.

every owner of 1 (one) warrant Series i reserves the rights to buy 1

(one) Share of Panin Dubai Sharia Bank. warrant Series i holders do

not have the rights as Shareholder including rights of dividend and/or

rights to vote on Shareholder Meeting as long as the warrant Series

i is not executed as Shares.

Should warrant Series i be not exercised until the expiration date,

then the period of execution of warrant Series i could not be

extended and it will be expired, invaluable and invalid. warrant Series

i which will be issued have 3 (three) years of maturity since the listing

date on January 15, 2014.

Sejak Penawaran Umum Perdana Saham yang dilakukan pada awal

2014 sampai dengan 2016, Panin Dubai Syariah Bank belum pernah

menerbitkan obligasi. oleh karenanya, tidak ada uraian mengenai

ikhtisar obligasi.

Since its initial Public offering at the beginning of 2014 until 2016,

Panin Dubai Sharia Bank never issued Bond. therefore, there is no

information on bond highlights.

6 Laporan Tahunan 2016

PenghargaanawardS

Pada 2016, Panin Dubai Syariah Bank berpindah kategori dari bank

Kategori Bank Umum Kelompok Usaha (BUKU) i (memiliki Modal

inti kurang dari rp1 triliun) menjadi bank kategori BUKU ii (memiliki

Modal inti lebih dari rp1 triliun tetapi kurang dari rp5 trilliun), oleh

karenanya Panin Dubai Syariah Bank masuk dalam jajaran bank-bank

besar lainnya Kategori BUKU ii.

in 2016, Panin Dubai Sharia Bank changed its category from

Commercial Bank Business group (BUKU) i Category (Core Capital

of less than rp1 trillion) to BUKU ii category (Core Capital of more

than rp1 trillion and less than rp5 trillion). therefore, Panin Dubai

Syariah Bank is in the same category with other prominent banks in

BUKU ii Category.

Bank Syariah terbaik 2016 Kategori Bank Syariah aset Kurang Dari rp10 triliun yang diselenggarakan oleh Majalah investor pada 10 agustus 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali. the Best Sharia Bank 2016, for the Category of Sharia Bank with assets Below rp10 trillion, presented by investor Magazine on august 10, 2016. there is no expiration date. the award is given once a year.

Peringkat 2 indonesia good Corporate governance award ii - 2016 (igSga-ii-2016) Sektor Keuangan Bank Buku ii aset < rp10 triliun, yang diselenggarakan oleh Majalah economic review pada 7 Desember 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali.rank 2 of indonesia good Corporate governance award ii – 2016 (igSga – ii- 2016), For Financial Sector of Buku ii Bank with assets < rp10 trillion, as presented by economic review Magazine on December 7, 2016. there is no expiration date. the award is given once a year.

the Best Ceo Syariah Bank 2016 - anugerah Perbankan indonesia kepada Deny hendrawati selaku Direktur Utama Panin Dubai Syariah Bank, yang diselenggarakan oleh Majalah economic review bekerja sama dengan Perbanas institute, pada 13 oktober 2016. Penghargaan sebagai the Best Ceo Syariah Bank juga diperoleh Deny hendrawati sebagai Ceo terbaik untuk periode 2012, 2014, 2015 dan 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali.the Best Ceo of Sharia Bank 2016 – anugerah Perbankan indonesia, awarded to Deny hendrawati as President Director of Panin Dubai Sharia Bank. the award was presented by economic review Magazine in cooperation with Perbanas institute on october 13, 2016. Denny hendrawati won the Best Ceo for Sharia Bank for the period of 2012, 2014, 2015 and 2016. there is no expiration date. the award is given once a year.

Peringkat i BUKU 2 Syariah (aset < rp10 triliun) - anugerah Perbankan indonesia yang diselenggarakan oleh Majalah economic review bekerja sama dengan Perbanas institute pada 13 oktober 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali.rank i for Sharia BUKU ii (assets < rp10 trillion) – anugerah Perbankan indonesia, presented by economic review Magazine in cooperation with Perbanas institute on october 13, 2016. there is no expiration date. the award is given once a year.

Peringkat 1 BUKU 2 Syariah (aset < rp10 triliun) yang diselenggarakan oleh Majalah economic review pada 21 oktober 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali.rank 1 of Sharia BUKU 2 (assets < rp. 10 trillion) held by economic review Magazine on october 21, 2016. there is no expiration date. the award is given once a year.

the top 3 Best Bank - indonesia Fastest growing new issuer 2016, yang diselenggarakan oleh Majalah warta ekonomi pada 22 Maret 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali.the top 3 Best Bank – indonesia fastest growing new issuer 2016, presented by warta ekonomi Magazine on March 22, 2016. there is no expiration date. the award is given once a year.

the winner of Best Banking Brand 2016 for Most efficient and Best Performance title, yang diselenggarakan oleh Majalah warta ekonomi pada 16 Desember 2016. tidak ada ketentuan masa berlaku penghargaan. Penghargaan diberikan setahun sekali. the winner of Best Banking Brand 2016 for Most efficient and Best Performance title, presented by warta ekonomi Magazine on December 16, 2016. there is no expiration date. the award is given once a year.

72016 AnnuAl RepoRt

PeriStiwa Pentingevent highlightS

Januari / January

Maret / March - april / april

Januari / January

april / april

Februari / February

Juli / July

Maret / March

pembukaan perdagangan Saham tahun 2016 di bursa efek indonesiaBertempat di gedung Bursa efek indonesia, Bursa melaksanakan acara Pembukaan Perdagangan tahun 2016 pada 15 Januari 2016 yang bertepatan dengan ulang tahun pencatatan saham Panin Dubai Syariah Bank di Bursa yang ke-2.

2016 Share trading Opening at indonesia Stock exchangelocated at indonesia Stock exchange Building, Stock exchange held the opening of trading in 2016 on January 15, 2016, which coincided with the 2nd anniversary of share–listing of Panin Dubai Sharia Bank on the stock exchange.

Festival pasar Modal Syariah 2016Bertempat di Main lobby gedung Bursa efek indonesia Jakarta, Panin Dubai Syariah Bank turut berpartisipasi dalam acara Festival Pasar Modal Syariah. acara diselenggarakan oleh Bursa bekerja sama dengan oJK, KSei, dan KPei. Dihadiri oleh oleh masyarakat luas se-Jabodetabek. Mengangkat tema “Yuk nabung Saham Syariah” yang merupakan bagian dari rangkaian kampanye nasional “Yuk nabung Saham” dan dilatarbelakangi oleh kondisi masyarakat indonesia yang sampai saat ini masih memiliki paradigma saving society, namun memiliki kemampuan untuk mulai berinvestasi.

2016 Sharia Capital Market Festivallocated at Main lobby of indonesia Stock exchange Building, Jakarta, Panin Dubai Sharia Bank participated in Syariah Capital Market Festival. the event was organized by iDX by partnering with oJK, KSei, and KPei, and attended by the general public coming from Jabodetabek (Jakarta greater area). the festival raised the theme “Yuk nabung Saham Syariah” as part of the series of national campaign “Yuk nabung Saham”, which was driven by the fact that saving paradigm still prevailed over indonesian people (making them saving society), despite their capability to start making investment.

pembukaan kantor kas Menara 165Pada 28 Januari 2016, Panin Dubai Syariah Bank melakukan pembukaan Kantor Kas di Menara 165 yang terletak di Jl. tB. Simatupang Kav. 1, Cilandak, Jakarta Selatan.

Cash Office Opening at Menara 165on January 28, 2016, Panin Dubai Sharia Bank held Cash office opening at Menara 165 which was located at Jl. tB. Simatupang Kav. 1, Cilandak, South Jakarta.

penyelenggaraan rupS tahunan & rupS luar biasa Bertempat di gedung Bank Panin Senayan lt. 4, Panin Dubai Syariah Bank menyelenggarakan acara rUPS tahunan dan rUPS luar Biasa.

implementation of annual gMS & extraordinary gMSSituated at Bank Panin Senayan Building 4th floor, Panin Dubai Sharia Bank convened annual gMS and extraordinary gMS.

15

18

20

28

19

5

21

36

Februari / February

Juni / June

pembukaan kantor Cabang SurakartaPanin Dubai Syariah Bank melakukan pembukaan Kantor Cabangnya yang ke-15 di Surakarta, yang beralamat di Jl. Kapten tendean no. 173 D, nusukan, Banjarsari, Surakarta.

Surakarta branch Office OpeningPanin Dubai Sharia Bank opened its 15th Branch office in Surakarta, located at Jl. Kapten tendean no. 173 Dm nusukan, Banjarsari, Surakarta.

buka bersama anak yatim pondok pesantren as-Salam, MalangSebagai bentuk kepedulian terhadap sesama, pada 21 Juni 2016, Panin Dubai Syariah Bank Kantor Cabang Malang mengadakan kegiatan Buka Puasa Bersama anak Yatim dari Pondok Pesantren as-Salam.

Mass breakfasting with Orphans of as-Salam islamic boarding School, Malangas a commitment to helping others, Branch office of Panin Dubai Sharia Bank in Malang held Mass Breakfasting with orphans of as-Salam islamic Boarding School.

acara keuangan Syariah Fair 2016Panin Dubai Syariah Bank turut berpartisipasi dalam acara Keuangan Syariah Fair yang diadakan di Mall gandaria City Jakarta, sebagai rangkaian Kampanye aku Cinta Keuangan Syariah yang diselenggarakan oleh otoritas Jasa Keuangan. acara diikuti oleh 41 perusahaan, terdiri dari 19 industri perbankan syariah, 11 industri keuangan non-syariah dan 11 industri pasar modal syariah.

2016 Syariah Finance Fair eventPanin Dubai Sharia Bank participated in Syariah Finance Fair at Mall gandaria City Jakarta, as a series of i love Syariah Finance Campaign held by the Financial Services authority. the event was attended by 41 companies, 11 non-sharia financial industries, and 11 sharia capital market industries.

pembukaan kantor Cabang yogyakartaPanin Dubai Syariah Bank melakukan acara pembukaan Kantor Cabang Yogyakarta, yang merupakan kantor cabang Panin Dubai Syariah Bank yang ke-16. Kantor Cabang Yogyakarta beralamat di Jl. gedongkuning no. 135 C, Kabupaten Bantul.

yogyakarta branch Office OpeningPanin Dubai Sharia Bank opened its 16th Branch office in Yogyakarta. located at Jl. gedongkuning no. 135C, Bantul regency.

pembukaan kantor Cabang palembangPanin Dubai Syariah Bank melakukan acara pembukaan Kantor Cabang Palembang, yang merupakan kantor cabang Panin Dubai Syariah Bank ke-17. Kantor Cabang Palembang beralamat di Jl. Demang lebar Daun, rt.039 rw.012, Kelurahan Bukit lama, Kecamatan hilir Barat 1, Palembang.

palembang branch Office OpeningPanin Dubai Sharia Bank opened Palembang Branch office, which was the 17th branch office of Panin Dubai Sharia Bank. the office is located at Jl. Demang lebar Daun, rt 039, rw 012, Bukit lama Subdistrict, hilir Barat 1 District, Palembang.

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8 Laporan Tahunan 2016

agustus / august

8

pembukaan kantor Cabang lampungPanin Dubai Syariah Bank melakukan acara pembukaan Kantor Cabang lampung, yang merupakan kantor cabang Panin Dubai Syariah Bank yang ke-18. Kantor Cabang lampung, beralamat di Jl. Diponegoro no. 206 C, Bandar lampung.

lampung branch Office OpeningPanin Dubai Sharia Bank opened lampung Branch office, which was the 18th branch office of Panin Dubai Sharia Bank. the office is located at Jl. Diponegoro no. 206 C, Bandar lampung.

agustus / august

pembukaan kantor Cabang Medan Panin Dubai Syariah Bank melakukan acara pembukaan Kantor Cabang Medan, yang merupakan kantor cabang Panin Dubai Syariah Bank ke-19. Kantor Cabang Medan beralamat di Jl. Pulau Pinang no. 6, Medan, Sumatra Utara.

Medan branch Office OpeningPanin Dubai Sharia Bank opened Medan Branch office, which was the 19th branch office of Panin Dubai Sharia Bank. the office is located at Jl. Pulau Pinang no. 6, Medan, north Sumatera.

2413

oktober / october

peringatan hari besar islam MuharramBersamaan dengan peringatan hari Besar islam Muharam 1437 h, Panin Dubai Syariah Bank menyelenggarakan pengajian rutin bulanan sekaligus menyerahkan santunan kepada 25 anak Yatim dan Piatu yang berada di lingkungan Kantor Panin Dubai Syariah gedung Katamso.

Muharram islamic CelebrationCoincided with Muharram islamic Day 1437 h, Panin Dubai Sharia Bank held monthly Quran recital and provided donations to 25 orphans living in the surroundings of Katamso Building, Panin Dubai Sharia office..

oktober / october

22

acara Sunatan MassalDalam rangka memperingati hari Besar islam Muharam 1437 h, Panin Dubai Syariah Bank menyelenggarakan acara Sunatan massal untuk anak-anak lingkungan sekitar kantor Panin Dubai Syariah Bank gedung Katamso serta anak-anak karyawan, sebagai bagian dari program tanggung Jawab Sosial Perusahaan.

Mass Circumcisionto celebrate the Muharram islamic Day 1437 h, Panin Dubai Sharia Bank held mass circumcision for children in the surrounding area of Katamso building, Panin Dubai Sharia Bank office, and also for the children of the Bank’s employees, as a part of Corporate Social responsibility Program.

2

Desember / December

perayaan Milad ke 7 panin Dubai Syariah bankBertempat di Kantor Pusat Panin Dubai Syariah Bank, diselenggarakan acara Syukuran Milad ke-7. agenda dalam acara ini antara lain doa bersama dan pemotongan tumpeng oleh Direktur Utama.

the 7th anniversary of panin Dubai Sharia bankthe event was held at head office of Panin Dubai Sharia Bank, among the agenda of the event were joint prayer and tumpeng cutting by President Director.

Desember / December

pembukaan kantor Cabang tegalPanin Dubai Syariah Bank melakukan acara pembukaan Kantor Cabang tegal, yang merupakan kantor cabang Panin Dubai Syariah Bank ke-20. Kantor Cabang tegal, beralamat di Jl. Kol. Sugiono no. 121, Kelurahan Kemandungan, Kecamatan tegal Barat, tegal.

tegal branch Office OpeningPanin Dubai Sharia Bank opened tegal Branch office, which was the 20th branch office. the office is located at Jl. Kol. Sugiono no. 121, Kemandungan Subdistrict, tegal Barat District, tegal City.

13

13Desember / December

penyelenggaraan acara paparan publik tahunanBertempat di gedung Bank Panin Senayan lantai 4, Panin Dubai Syariah Bank menyelenggarakan acara Paparan Publik tahunan guna memenuhi Peraturan Pt Bursa efek indonesia no.i-a. Dalam acara tersebut, Panin Dubai Syariah Bank memaparkan kinerjanya termasuk kinerja keuangan posisi 30 September 2016.

implementation of annual public exposelocated at Bank Panin Senayan, 4th floor, Panin Dubai Sharia Bank held annual Public expose as part of its compliance with the regulation of Pt Bursa efek indonesia no.i-a. in the event, Panin Dubai Sharia Bank exposed its performance, including financial performance of September 30, 2016.

Desember / December

16

penghargaan the winner of best banking brand 2016 for Most efficient and best performance titleBertempat di hotel Pullman Jakarta, Panin Dubai Syariah Bank menerima penghargaan the winner of Best Banking Brand 2016 for Most efficient and Best Performance title, yang diselenggarakan oleh Majalah warta ekonomi.

the winner of best banking brand 2016 for Most efficient and best performance titlelocated at hotel Pullman Jakarta, Panin Dubai Sharia Bank was awarded the winner of Best Banking Brand 2016 for Most efficient and Best Performance title by warta ekonomi Magazine.

21Desember / December

pembukaan kantor Cabang MataramPanin Dubai Syariah Bank melakukan acara pembukaan Kantor Cabang Mataram, yang merupakan kantor cabang Panin Dubai Syariah Bank ke-21. Kantor Cabang Mataram, beralamat di Jl. Sandubaya no. 18-21, Sweta Cakranegara, lombok, nusa tenggara Barat.

Mataram branch Office OpeningPanin Dubai Sharia Bank opened Mataram Branch office, which was the 21st branch office. the office is located at Jl. Sandubaya no. 18-21, Sweta Cakranegara, lombok, west nusa tenggara.

92016 AnnuAl RepoRt

laPoran dewan PengawaS Syariahboard oF Sharia SuPerviSory rePort

Assalamu’alaikum Warahmatullahi Wabarakatuh

BIsMILLaHIRRaHManIRRaHIM.Pada kesempatan ini tiada sesuatu yang layak kita lakukan selain

mempersembahkan puja dan puji serta syukur ke hadirat allah Swt,

Zat Maha agung yang selalu menaburkan karunia, rahmat dan kasih

sayang kepada hamba-hamba-nya dari level yang terendah hingga

level yang tertinggi, semuanya berhutang budi kepada-nya atas

sekian banyak nikmat yang selalu diberikan. Di antara sekian banyak

nikmat tersebut adalah keberadaan kita di kapal besar Panin Dubai

Syariah Bank yang kita cintai ini.

Salawat dan salam semoga tercurahkan kepada junjungan kita nabi

Besar Muhammad Saw, uswah dan qudwah kita dalam mengarungi

hidup dan kehidupan ini, manusia teladan yang ajarannya perlu kita

jadikan sebagai way of life, bukan saja dalam bidang ekonomi dan

keuangan, akan tetapi dalam segala aspek kehidupan, sehingga kita

menjadi pengikutnya yang kaffah (utuh dan totalitas). tentu salawat

dan salam kita sampaikan juga kepada para keluarga dan sahabat

rasul, manusia-manusia agung, insan-insan pilihan yang dalam

mengarungi kehidupan ini selalu konsisten menjadikan ajaran islam

sebagai rujukannya.

kOMpOSiSi Dewan pengawaS Syariah

Berdasarkan akta Pernyataan Keputusan rUPS tahunan no. 53

tanggal 19 april 2016 yang dibuat oleh Fathiah helmi, Sh, notaris

di Jakarta, kami kembali dipercaya dan diberikan amanah untuk

diangkat kembali sebagai Ketua dan anggota Dewan Pengawas

Syariah Panin Dubai Syariah Bank.

pelakSanaan tugaS Dewan pengawaS Syariah paDa 2016Dewan Pengawas Syariah (DPS) sesuai dengan fungsi dan tugasnya

telah melakukan pengawasan terhadap Panin Dubai Syariah Bank

terkait dengan aspek Syariah.

hal itu antara lain dilakukan melalui beberapa hal sebagai berikut:

1) hadir rutin ke Kantor Pusat Panin Dubai Syariah Bank dalam

rangka memantau dan melakukan pengawasan langsung untuk

mengetahui serta memastikan setiap aktivitas Panin Dubai

Syariah Bank telah sesuai dengan prinsip-prinsip Syariah dengan

menjadikan Fatwa Dewan Syariah nasional Majelis Ulama

indonesia (DSn-MUi) sebagai pedoman dalam segala produk dan

aktivitas. DPS memiliki komitmen untuk dapat hadir secara rutin

tiap pekan atau minimal dua kali dalam sebulan agar segala hal

terkait pembahasan Syariah dapat segera terselesaikan.

2) Melakukan rapat-rapat dengan jajaran Direksi dan Unit Kerja

terkait, untuk membahas permasalahan yang berhubungan

dengan isu-isu Syariah, penjelasan tentang Fatwa DSn-MUi dan

implementasinya.

BIsMILLaHIRRaHManIRRaHIM.on this occasion nothing is worth doing than offering our praise and

gratitude to allah Swt, the Mighty leader who always showers his

grace, mercy and compassion to his servants from the lowest to the

highest levels, we all owe gratitude to him for his blessings. among

his many blessings is our presence in this ship of Panin Dubai Sharia

Bank which we love very dearly.

greetings to our Prophet Muhammad Saw, our uswah and qudwah

in our journey through life, whose exemplary teachings must be

followed as a way of life, not only in economics and finance, but

also in all aspects of life, so that we can become kaffah (whole and

total) followers. we also extend our greetings to families and friends

of the apostles, the greatest and chosen human beings, who in their

journey in getting through all challenges have consistently made

islamic teachings as their way of life.

COMpOSitiOn OF bOarD OF Sharia SuperviSOry Pursuant to Deed of annual gMS resolution no. 53 dated april 19,

2016, drawn up by Fathiah helmi, Sh, notary in Jakarta, we are once

again entrusted to hold the position of head and Member of Board

of Sharia Supervisory of Panin Dubai Sharia Bank.

taSk iMpleMentatiOn OF bOarD OF Sharia SuperviSOry in 2016Board of Sharia Supervisory (DPS) has performed its oversight role

related to Sharia aspects to Panin Dubai Sharia Bank according to its

functions and duties.

Some of which were performed through the following actions:

1) Being present in Panin Dubai Sharia Bank head office to monitor

and conduct direct supervision to identify and ensure each activity

of Panin Dubai Sharia Bank is in accordance with Sharia principles

and refers to the Fatwa of national Sharia Board of indonesian

Council of Ulama (DSn-MUi). the Board of Sharia Supervisory is

committed to being present at the head office every week or at

least twice a month to discuss and seek solution for any matter

related to Sharia issues.

2) Conducting meetings with the Board of Directors and related

working Units to discuss issues related to Sharia principles,

explanation on the Fatwa of DSn-MUi and their implementation.

Pemegang Saham yang TerhormaT, Dear ShareholDerS,

10 Laporan Tahunan 2016

3) Providing Sharia opinions related to the implementation of DSn-

MUi Fatwa, products and activities of Panin Dubai Sharia Bank as

well as new topics not yet discussed in the Fatwa.

4) Conducting visits to Panin Dubai Sharia Bank branches in the

event of examination (Sharia audit) and socialization of DSn-MUi

Fatwa.

5) Conducting discussions and sharing with the Compliance

working Unit, SKai working Unit and other related parties on

issues related to Sharia aspects, as well as the findings of the

Board of Sharia Supervisory.

6) Conducting review and simplification of contract of financing

and funding for standardization.

7) Making communications with the Compliance working Unit as

liason officer of Board of Sharia Supervisory through media such

as telephone/cellphone, e-mail, or direct meeting out of office

related to urgent issues which need immediate discussions.

8) Conducting examinations by taking sampling of Panin Dubai

Sharia Bank’s activities in financing or funding segment in head

office as well as branches.

9) Submitting the Supervision result report of the Board of Sharia

Supervisory to the Financial Services authority every semester.

10) Following agenda and activities of Panin Dubai Sharia Bank, such

as work meeting, gMS, Public expose, exit meeting with oJK and

so on.

in general, all parties in Panin Dubai Sharia Bank have the same

commitment to comply with Sharia principles in performing their

activities. however, it cannot be denied that there are weaknesses

that must be improved to prevent them from recurring in the future.

in performing its activities, Panin Dubai Sharia Bank must comply with

Sharia principles as well as general banking rules and regulations. we

have to continuously strengthen our commitment to adhere to these

principles and rules, because they are the guidance that prevails in

this world and of course, in the afterlife.

to all parties, we wish to extend our highest appreciation for their

dedication, hard work and excellent teamwork in continuously

developing Panin Dubai Sharia Bank. we hope that Panin Dubai

Sharia Bank can transform to become the Sharia bank that we all

are proud of, which further brings indonesia to move forward, to be

prosperous, and to maintain justice. thank you.

3) Memberikan opini Syariah terkait dengan implementasi Fatwa

DSn-MUi, produk dan aktivitas Panin Dubai Syariah Bank serta

hal-hal baru yang belum terdapat di dalam Fatwa DSn-MUi.

4) Melakukan kunjungan ke kantor-kantor cabang Panin Dubai

Syariah Bank dalam rangka pemeriksaan (audit Syariah) dan

sosialisasi Fatwa DSn-MUi.

5) Melakukan diskusi dan sharing dengan Unit Kerja Kepatuhan,

Unit Kerja SKai dan pihak-pihak terkait lainnya mengenai hal-

hal yang berhubungan dengan aspek Syariah, dan juga tentang

temuan-temuan DPS.

6) Melakukan peninjauan dan simplifikasi akad-akad pembiayaan

maupun pendanaan dalam rangka standarisasi.

7) Melakukan komunikasi dengan Unit Kerja Kepatuhan sebagai

Liason Officer DPS melalui media seperti telepon/Handphone,

surat elektronik, maupun bertemu langsung di luar kantor

berkaitan dengan hal-hal yang mendesak untuk segera dilakukan

pembahasan.

8) Melakukan pemeriksaan dengan mengambil contoh aktivitas

Panin Dubai Syariah Bank, baik pembiayaan maupun pendanaan

di kantor pusat dan juga kantor cabang.

9) Menyampaikan laporan hasil Pengawasan DPS kepada oJK

secara semesteran.

10) Mengikuti agenda dan kegiatan Panin Dubai Syariah Bank,

seperti rapat kerja, rUPS, Paparan Publik, exit meeting dengan

oJK dan lain sebagainya.

Secara umum, semua pihak yang ada di dalam Panin Dubai Syariah

Bank memiliki komitmen yang sama untuk mematuhi prinsip-

prinsip Syariah dalam menjalankan aktivitasnya. namun tidak dapat

dipungkiri masih terdapat beberapa kelemahan yang harus diperbaiki

bersama agar tidak terulang di masa yang akan datang. Karena

dalam menjalankan aktivitas, Panin Dubai Syariah Bank selain patuh

pada prinsip-prinsip Syariah juga harus tetap patuh pada aturan

dan ketentuan perbankan secara umum. inilah yang harus benar-

benar kita jaga dengan sebaik-baiknya, karena kedua hal tersebut

merupakan amanah baik di dunia terlebih lagi di akhirat.

Kepada semua pihak, kami sampaikan apresiasi yang setinggi-

tingginya atas dedikasi, kerja keras dan kekompakannya untuk terus

memajukan Panin Dubai Syariah Bank. Semoga Panin Dubai Syariah

Bank menjadi bank Syariah kebanggaan yang akan mengantarkan

bangsa indonesia maju, sejahtera dan berkeadilan. terima kasih dan

mohon maaf.

02M a n a g e m e n t R e p o r t

ManajemenLaporan

Dr. kh. ahMaD MuniF SuratMaputra, MaKetua

Chairman

DrS. h. aMinuDin yakub, Maanggota

Member

Wabillahit Taufiq wal-Hidayah.

Wassalamu’alaikum Warahmatullahi Wabarakatuh.

112016 AnnuAl RepoRt

Dr. Adnan Abdus Shakoor Chilwan Komisaris UtamaPresident Commissioner

Para Pemegang Saham Dan Pemangku kePenTingan yang TerhormaT,

Dear ShareholDerS anD STakeholDerS,

laPoran dewan koMiSariSboard oF CoMMiSSionerS rePort

Assalamu’alaikum Warahmatullahi Wabarakatuh

Panin Dubai Syariah Bank berhasil mencatatkan capaian kinerja yang

positif di tahun buku 2016, seiring situasi perekonomian serta industri

perbankan Syariah indonesia yang relatif kondusif. Selain menjaga

profitabilitas dan pertumbuhan usaha yang berkesinambungan,

Panin Dubai Syariah Bank juga memulai misinya untuk meningkatkan

kegiatan usaha agar menjadi lembaga keuangan yang progresif dan

sehat yang dapat berdampak positif terhadap kondisi perbankan

Syariah di indonesia. Misi yang dijalankan Panin Dubai Syariah Bank

ini membuktikan kapasitas Panin Dubai Syariah Bank yang berhasil

memanfaatkan berbagai peluang usaha sepanjang 2016.

Pada kesempatan ini, Dewan Komisaris menyampaikan laporan

pengawasan terhadap kinerja Panin Dubai Syariah Bank.

tinJauan MakrO ekOnOMiPerekonomian dunia sepanjang 2016 berada pada situasi belum

kondusif. hal tersebut terlihat melalui tingkat pertumbuhan ekonomi

yang tidak merata serta melemahnya harga berbagai komoditas

dunia hingga kuartal ketiga 2016. Beberapa negara maju, seperti

Jepang dan amerika Serikat (aS), serta negara-negara berkembang,

seperti tiongkok dan india, mengalami perlambatan pertumbuhan

ekonomi. Selain itu, harga minyak dunia mengalami fluktuasi,

dengan level harga terendah mencapai 28 Dolar aS per barel dan

pergerakan di bawah level 50 Dolar aS per barel.

Panin Dubai Sharia Bank has successfully recorded positive

performance for 2016 fiscal year as indonesia’s economic situation

and sharia banking industry landscape improved during the year.

apart from maintaining profitability and sustainable business growth,

Panin Dubai Sharia Bank also embarked upon its mission to upgrade

its operations with a view to becoming a robust and progressive

financial instution that will be poised to impact the overall state of

Sharia banking in indonesia. this mission, coupled with the Panin

Dubai Sharia Bank’s financial performance is a testimony to Panin

Dubai Sharia Bank’s capability of making the most of the available

opportunities during 2016.

on behalf of the Board of Commissioners, allow me to present

supervisory report of Panin Dubai Sharia Bank performance for 2016

fiscal year.

MaCrO eCOnOMiC Overviewthe global economy during 2016 was less favorable, as seen from

uneven growth rates across countries. the weakening of global

commodity prices up to the third quarter of 2016, the slowdown in

several developed countries such as the United States (US). Japan,

China, and india contributed to this overall economic slowdown.

Furthermore, global oil prices were volatile during the year, which

reached its lowest price at USD 28 per barrel and continued to

fluctuate below USD 50 per barrel.

12 Laporan Tahunan 2016

Perekonomian indonesia mengalami pertumbuhan sebesar 5,02%

pada 2016. angka ini lebih tinggi dibanding angka pertumbuhan

tahun sebelumnya, yaitu 4,88%, serta angka pertumbuhan 2014,

yaitu 5,01%. angka pertumbuhan ekonomi tersebut tercapai seiring

tingkat suku bunga dan inflasi yang relatif terjaga. tingkat rata-

rata inflasi sepanjang 2016 tercatat sebesar 3,02%, atau berada

pada level rendah dari proyeksi di awal tahun yang ditetapkan Bank

indonesia sebesar 3-4%.

otoritas Jasa Keuangan telah mengeluarkan Statistik Perbankan

Syariah 2016, yang menyebutkan pertumbuhan total aset industri

perbankan syariah sebesar 20,33% dan pertumbuhan pembiayaan

sebesar 16% dibanding data per Desember 2015.

panDangan terhaDap kinerJa DirekSi

Sepanjang 2016, Direksi telah melaksanakan tugas dan tanggung

jawab terkait pengelolaan Panin Dubai Syariah Bank secara optimal.

hal tersebut terlihat melalui pertumbuhan total aset dan total ekuitas

pada posisi keuangan, serta peningkatan pembiayaan bersih, dana

pihak ketiga, dan laba bersih yang berhasil dicatatkan Panin Dubai

Syariah Bank.

total aset tumbuh sebesar 22,82% dibanding tahun sebelumnya, dari

senilai rp7,13 triliun menjadi rp8,76 triliun atau mencapai 98,18%

dari target perolehan aset yang telah ditetapkan. Selanjutnya, total

ekuitas Panin Dubai Syariah Bank mengalami pertumbuhan menjadi

rp1,88 triliun pada 2016 dibandingkan rp1,16 triliun pada 2015.

total pembiayaan bersih dan dana pihak ketiga Panin Dubai Syariah

Bank juga mengalami peningkatan yang signifikan dibanding tahun

2015. total pembiayaan bersih tercatat sejumlah rp6,26 triliun,

meningkat dari tahun 2015 yang tercatat rp5,63 triliun, dan total

dana pihak ketiga tercatat rp6,90 triliun, meningkat dari tahun 2015

yang tercatat sebesar rp5,93 triliun.

Perolehan laba bersih Panin Dubai Syariah Bank di tahun 2016 tercatat

sebesar rp19,54 miliar, lebih rendah dari perolehan di tahun 2015

sebesar rp53,58 miliar. hal ini terutama disebabkan oleh kebijakan

penyediaan pencadangan Penyisihan Penghapusan aktiva Produktif

(PPaP) sesuai ketentuan yang berlaku. Faktor lain adalah tingginya

beban operasional dan biaya modal akibat pembukaan kantor baru

pada jaringan Panin Dubai Syariah Bank di berbagai wilayah di

indonesia. Sampai dengan 31 Desember 2016, kantor cabang Panin

Dubai Syariah Bank tercatat sebanyak 20 kantor.

Dewan Komisaris memberikan apresiasi kepada Direksi atas

pencapaian kinerjanya. Kami yakin Panin Dubai Syariah Bank dapat

lebih meningkatkan kinerjanya positif serta meningkatkannya di

tahun mendatang.

penilaian terhaDap kOMite-kOMite Di bawah Dewan kOMiSariSUntuk mendukung fungsi Dewan Komisaris sebagai organ pengawas

dan pemberi arahan pada struktur tata kelola Panin Dubai Syariah

indonesia’s economy grew by 5.02% in 2016, which was higher than

4.88% of the previous year and 5.01% of 2014 growth rate. the

economic growth rate increased in line with the controlled interest

rate and inflation, which was recorded at 3.02% on average in line

with Bank indonesia’s forecast in early 2016, which was 3-4%.

the Financial Services authority had published Sharia Banking

Statistics of 2016, which described the growth of 20.33% in total

asset compared to 16% of financing growth in Sharia banking

industry as of December 2015.

OpiniOn On the bOarD OF DireCtOrS perFOrManCewe assess that the Board of Directors has carried out their duties

and responsibilities optimally regarding Panin Dubai Sharia Bank

management throughout 2016, which was proven by the growth

of total assets and total equity in the financial position as well as the

increase in net financing, third party fund, and net profit of Panin

Dubai Sharia Bank.

total assets grew by 22.82% compared to the previous year, from

rp7.13 trillion to rp8.76 trillion. Panin Dubai Sharia Bank also

managed to accomplish 98.18% of total asset target that had been

set. Furthermore, Panin Dubai Sharia Bank’s total equity grew from

rp1.16 trillion in 2015 to rp1.88 trillion in 2016.

total net financing and third party fund also significantly increased

relative to 2015 fiscal year. total net financing in 2016 was recorded

at rp6.26 trillion, which grew rp5.63 trillion as of FYe 2015. total

third party fund was booked at rp6.90 trillion, which rose from

rp5.93 trillion in 2015.

Panin Dubai Sharia Bank’s net profit in 2016 was recorded at rp19.54

billion, a decline from FYe 2015 net profit of rp53.58 billion. this

was largely due to prudent provisioning policy employed by Panin

Dubai Sharia Bank on account of increase in allowance for earning

assets impairment (PPaP). other contributing factors were the

higher operational and capital expenses as Panin Dubai Sharia Bank

enhances its distribution network across indonesia by opening new

branches. as of December 31, 2016, Panin Dubai Sharia Bank has 20

branch offices spread all across indonesia.

the Board of Commissioners would like to appreciate all members

of the Board of Directors for various achievements that have been

earned. we believe that Panin Dubai Sharia Bank will be able to

maintain and enhance its positive performance going forward.

aSSeSSMent OF COMMitteeS unDer the bOarD OF COMMiSSiOnerSto support the supervisory and advisory roles of the Board of

Commissioners in Panin Dubai Sharia Bank’s governance structure,

132016 AnnuAl RepoRt

Bank, Kami dibantu oleh tiga komite, yaitu Komite audit, Komite

Pemantau risiko dan tata Kelola Perusahaan, serta Komite

remunerasi dan nominasi.

Penilaian Dewan Komisaris terhadap pelaksanaan tugas dan

tanggung jawab ketiga komite tersebut adalah sebagai berikut:

a. Komite-komite di bawah Dewan Komisaris telah melakukan

fungsi, tugas dan tanggung jawabnya dengan memberikan

masukan terkait fungsi pengelolaan risiko, audit dan kebijakan

remunerasi sesuai kebutuhan dan perkembangan.

b. Komite-Komite telah melakukan dan menyelenggarakan rapat

secara teratur sesuai dengan ketentuan penyelenggaraan rapat

berdasarkan peraturan yang berlaku.

c. Penambahan anggota Komisaris independen Panin Dubai Syariah

Bank yang akan secara efektif menjadi Ketua Komite, akan

memperkuat penerapan fungsi kerja komite.

komite audit

Komite audit telah melaksanakan tugas dan tanggung jawabnya

secara efektif sepanjang 2016.

Komite telah melakukan pemantauan dan evaluasi terkait

perencanaan serta pelaksanaan audit serta memantau tindak lanjut

hasil audit. Komite juga telah melakukan penelaahan terhadap

informasi keuangan Panin Dubai Syariah Bank sebelum dipublikasikan

atau dilaporkan kepada otoritas terkait. Selain itu, Komite telah

memberikan rekomendasi kepada Dewan Komisaris terhadap

pelaksanaan tugas audit internal, kesesuaian pelaksanaan audit oleh

Kantor akuntan Publik, kesesuaian laporan keuangan Panin Dubai

Syariah Bank dengan standar akuntansi yang berlaku, pelaksanaan

tindak lanjut oleh Direksi atas hasil pengawasan dan temuan Satuan

Kerja audit internal, akuntan Publik, otoritas Jasa Keuangan, serta

Dewan Pengawas Syariah.

komite pemantau risiko dan tata kelola perusahaan

Dewan Komisaris menilai, Komite Pemantau risiko dan tata Kelola

Perusahaan telah melaksanakan tugas dan tanggung jawabnya

secara efektif.

Komite telah memberikan dukungan kepada Dewan Komisaris

dengan memastikan bahwa kerangka kerja manajemen risiko yang

dimiliki Panin Dubai Syariah Bank telah memadai terhadap seluruh

risiko yang dihadapi. Komite juga telah memberikan rekomendasi

dan pendapat profesional yang diperlukan mengenai kesesuaian

antara kebijakan manajemen risiko kepada Dewan Komisaris. Komite

telah memantau dan melakukan evaluasi atas pelaksanaan tugas

Komite Manajemen risiko dan Satuan Kerja Manajemen risiko.

Selain itu, Komite juga telah melakukan pemantauan atas prinsip

tata kelola, melakukan peninjauan dan penilaian kesesuaian atas

penerapan prinsip tersebut, serta memberikan rekomendasi yang

dibutuhkan terkait penerapan prinsip tata kelola perusahaan kepada

Dewan Komisaris.

Panin Dubai Sharia Bank established the audit Committee, risk

Monitoring and gCg Committee, and remuneration and nomination

Committee.

the Board of Commissioners’ assessment on the performance of

duties and responsibilities of these three committees is detailed

below:

a. Committees under the Board of Commissioners have performed

their functions, duties, and responsibilities well by providing

advice on risk management function, audit and remuneration

policy according to the needs and business development.

b. Committees have routinely conducted and organized meetings

according to meeting implementation procedure based on the

prevailing regulations.

c. the addition of members of independent Commissioner of

Panin Dubai Sharia Bank, which will effectively serve as head of

Committee, will strengthen the implementation of work function

of the committe.

audit Committee

the audit Committee has optimally carried out its duties and

responsibilities throughout 2016.

the committee has monitored and evaluated the plan and

implementation of audit as well as monitored the follow-up of

the audit results. the committee has also reviewed Panin Dubai

Sharia Bank’s financial information before it was published or

reported to the related authorities. Moreover, the committee has

provided recommendation to the Board of Commissioners on the

implementation of duties of internal audit, conformity of audit

implementation by Public accounting Firm, conformity of Panin

Dubai Sharia Bank financial statements to the prevailing accounting

standards, implementation of follow-up by the Board of Directors on

supervision and findings of internal audit Unit, Public accountant,

Financial Services authorities, and the Board of Sharia Supervisory.

Corporate governance and risk Monitoring Committee

the Board of Commissioners assesses that the Corporate governance

and risk Monitoring Committee has implemented its duties and

responsibilities effectively.

the committee has supported the Board of Commissioners by

ensuring that the risk management framework of the Panin Dubai

Sharia Bank has been adequate with regards all risks faced by the Panin

Dubai Sharia Bank. the committee has also provided the required

professional opinion and recommendation on conformity of risk

management policy to the Board of Commissioners. the committee

has monitored and evaluated the implementation of duties of risk

Management Committee and risk Management Unit. in addition,

the committee has also monitored the governance principles,

reviewed and assessed the conformity of the implementation, and

provided necessary recommendation related to the implementation

of corporate governance to the Board of Commissioners.

14 Laporan Tahunan 2016

komite remunerasi dan nominasi

Komite telah melaksanakan berbagai tugas dan tanggung jawab

terkait fungsi remunerasi dan nominasi. Kami menilai, Komite telah

melaksanakan tugas-tugas dan tanggung jawabnya.

terkait fungsi remunerasi, Komite telah melakukan evaluasi

terhadap kebijakan remunerasi Panin Dubai Syariah Bank serta

melakukan evaluasi terhadap kesesuaian kebijakan remunerasi

dengan pelaksanaan kebijakannya. Komite juga telah memberikan

rekomendasi yang diperlukan kepada Dewan Komisaris terkait

kebijakan remunerasi bagi Dewan Komisaris, Direksi, Dewan

Pengawas Syariah, Pejabat eksekutif dan Pegawai. Selain itu, Komite

telah membantu Dewan Komisaris melakukan penilaian kinerja

terkait kesesuaian remunerasi yang diterima masing-masing anggota

Direksi, Dewan Komisaris dan/atau Dewan Pengawas Syariah.

Untuk fungsi nominasi, Komite telah menjalankan tugas dan tanggung

jawabnya di tahun buku 2016 dengan memberikan rekomendasi

kepada Dewan Komisaris atas komposisi jabatan anggota Direksi,

Dewan Komisaris, dan/atau Dewan Pengawas Syariah, kebijakan

dan kriteria yang dibutuhkan dalam proses nominasi, serta kebijakan

evaluasi kinerja bagi anggota Direksi, Dewan Komisaris, dan/atau

Dewan Pengawas Syariah. Komite telah memberikan rekomendasi

kepada Dewan Komisaris me ngenai sistem serta prosedur pemilihan

dan/atau penggantian anggota Dewan Komisaris, Direksi, dan

Dewan Pengawas Syariah. Dukungan Komite kepada Dewan

Komisaris terkait fungsi nominasi juga terlaksana melalui pemberian

rekomendasi atas calon anggota Dewan Komisaris, Direksi, dan/atau

Dewan Pengawas Syariah, termasuk calon pihak independen yang

akan menjadi anggota Komite.

prOSpek uSahaMengacu pada World Economic Outlook yang dirilis International

Monetary Fund (iMF), PDB dunia diperkirakan mampu tumbuh

secara lebih baik pada 2017, menjadi 3,40% dibanding capaian

tahun sebelumnya yang tercatat sebesar 3,10%. Selain itu, iMF juga

memproyeksi perdagangan dunia mampu tumbuh dari 2,30% di

tahun sebelumnya, menjadi 3,80% pada 2017. terkait pertumbuhan

PDB di indonesia dan kawasan aSean, iMF memprediksi tingkat

kenaikan yang cukup signifikan, yaitu dari 4,80% di tahun

sebelumnya, menjadi 5,10% pada 2017.

Perekonomian indonesia diprediksi mampu bertahan serta tumbuh

secara lebih baik di tahun mendatang, dengan stabilitas dan

posisi fiskal yang terjaga. Mengacu pada outlook yang dirilis oleh

Kementerian Koordinator Perekonomian ri, permintaan domestik

diprediksi mampu tumbuh secara baik di 2017, hingga menjadi

faktor pendorong pertumbuhan ekonomi di tingkat makro. Selain

itu, pembangunan infrastruktur di berbagai wilayah indonesia juga

diperkirakan mampu memberikan stimulus bagi pertumbuhan

ekonomi yang lebih baik. Bank indonesia memprediksi pertumbuhan

ekonomi indonesia mampu tumbuh sebesar 5,0% hingga 5,4%.

nomination and remuneration Committee

the committee has implemented duties and responsibilities related

to nomination and remuneration function throughout 2016. we

assessed that the Committee has implemented its duties and

responsibilities optimally.

related to remuneration function, the Committee has evaluated the

remuneration policy of Panin Dubai Sharia Bank as well as conformity

with the remuneration policy with regards its implementation. the

Committee has also provided necessary recommendations to the

Board of Commissioners concerning remuneration policy to the

Board of Commissioners, the Board of Directors, the Board of Sharia

Supervisory, executive officers, and employees. Furthermore, the

Committee has assisted the Board of Commissioners in assessing the

conformity of remuneration received by each the Board of Directors,

the Board of Commissioners, and/or the Board of Sharia Supervisory.

For nomination function, the Committee has implemented its duties

and responsibilities in 2016 fiscal year by providing recommendations

to the Board of Commissioners on composition of the Board of

Directors, the Board of Commissioners, and/or the Board of Sharia

Supervisory, policy and criteria needed in nomination process, and

policy of performance evaluation to the Board of Directors, the

Board of Commissioners, and/or the Board of Sharia Supervisory.

the Committee has provided recommendations to the Board of

Commissioners on system and procedures for appointment and/or

replacement of member of the Board of Commissioners, the Board

of Directors, and the Board of Sharia Supervisory. Supports from the

Committee to the Board of Commissioners related to nomination

function was also implemented by providing recommendation on

candidate of member of the Board of Commissioners, the Board of

Directors, and/or the Board of Sharia Supervisory, including candidate

for independent party which will become member of the Committee.

buSineSS OutlOOkreferring to the world economic outlook issued by the international

Monetary Fund (iMF), the world’s gDP is projected to grow positively

in 2017, reaching the level of 3.40% compared to 3.10% in FY 2015.

Moreover, iMF has also predicted that the global trade will grow from

2.30% in 2016 to 3.80% in 2017. in relation to the growth of gDP

of indonesia and aSean, iMF predicts that the region’s gDP will

improve significantly, from 4.80% in 2016 to 5.10% in 2017.

Domestic economy is forecasted to register greater growth in the

following year with a stable fiscal position. referring to the outlook

issued by the Coordinating Ministry for economic affairs of the

republic of indonesia, domestic demand will demonstrate positive

growth in 2017, driving the economic development on a macro level.

in addition, infrastructure development in various regions in indonesia

is projected to provide stimulus for better economic situation. Bank

indonesia predicts that domestic economy will grow within the range

of 5.0% to 5.4%.

152016 AnnuAl RepoRt

Seperti yang telah disebutkan sebelumnya, otoritas Jasa Keuangan

menyebutkan bahwa industri perbankan Syariah indonesia berhasil

mencatatkan angka pertumbuhan yang cukup signifikan sepanjang

2016. Selain itu, Panin Dubai Syariah Bank juga mampu mencatatkan

angka pertumbuhan aset dan pembiayaan yang berada di atas angka

pertumbuhan perbankan indonesia. Dengan tren pertumbuhan pada

industri perbankan Syariah indonesia dan kinerja Panin Dubai Syariah

Bank sepanjang 2016 tersebut, serta proyeksi pertumbuhan ekonomi

dunia, kami optimistis Panin Dubai Syariah Bank mampu mencatatkan

capaian yang lebih baik pada 2017. Kami juga percaya dengan

upaya-upaya restrukturisasi dan pengembangan yang dilakukan,

Panin Dubai Syariah Bank akan hadir sebagai lembaga keuangan

dengan posisi yang lebih kuat untuk memanfaatkan peluang pada

perekonomian indonesia dan dunia, yang diproyeksikan mengalami

perbaikan di tahun mendatang.

Dewan Komisaris berkeyakinan bahwa prospek usaha yang telah

disusun Panin Dubai Syariah Bank mampu diwujudkan secara optimal.

panDangan terhaDap penerapan tata kelOla peruSahaanKami menyadari bahwa penerapan tata kelola perusahaan yang baik

pada Panin Dubai Syariah Bank merupakan hal yang penting, guna

memberikan nilai tambah atas kelangsungan bisnis Panin Dubai

Syariah Bank kepada seluruh pemangku kepentingan. Berbagai

pencapaian kinerja yang berhasil diraih Panin Dubai Syariah Bank

tidak terlepas dari komitmen Panin Dubai Syariah Bank dalam

menerapkan prinsip-prinsip tata kelola perusahaan yang baik secara

menyeluruh dan konsisten.

Dewan Komisaris berpendapat, Direksi beserta berbagai organ pada

struktur organisasi Panin Dubai Syariah Bank telah menerapkan

prinsip-prinsip tata kelola perusahaan secara efektif. efektivitas

tersebut dapat dilihat melalui hasil penilaian yang dilakukan secara

self-assessment yang menghasilkan peringkat 2 (BaiK). Berdasarkan

as mentioned above, the Financial Services authority records a

significant growth in national sharia banking industry during the

year. Panin Dubai Sharia Bank, as one of the business players in such

industry, managed to record an increase in assets and financing posts

which were above the average level of national banking industry.

with the positive trend in indonesia’s sharia banking industry and

elevated performance of Panin Dubai Sharia Bank throughout 2016,

combined with global growth prospects, we are optimistic that Panin

Dubai Sharia Bank will be able to record an even more thriving result

in 2017. we are also confident that given the various restructing and

upgradation efforts being undartaken at Panin Dubai Sharia Bank.

Panin Dubai Sharia Bank will emerge as stronger financial institution

better positioned to take advantage of the expected improvements

in the global and indonesia economic outlooks.

the Board of Commissioners believes that business outlook composed

by Panin Dubai Sharia Bank will be realized optimally.

OpiniOn On gCg iMpleMentatiOn

we understand that gCg implementation is an essential aspect

of ensuring business sustainability to all stakeholders of Panin

Dubai Sharia Bank. Various financial achievements by Panin Dubai

Sharia Bank cannot be separated from Panin Dubai Sharia Bank’s

commitment to fully and consistently implementing the gCg

principles.

the Board of Commissioners is of the opinion that the Board of

Directors, together with various instruments within Panin Dubai

Sharia Bank’s organization structure, have effectively implemented all

gCg principles. Such effectiveness is reflected in the result of Panin

Dubai Sharia Bank’s self assessment in which Panin Dubai Sharia

16 Laporan Tahunan 2016

hasil penilaian tersebut, manajemenPanin Dubai Syariah Bankdinilai

telah melakukan penerapan gCg yang secara umum baik.

Sepanjang 2016, penerapan gCg Panin Dubai Syariah Bank berfokus

pada prinsip akuntabilitas dan tanggung jawab, dengan perincian

sebagai berikut:

1) Panin Dubai Syariah Bank akan melengkapi struktur gCg terkait

penerapan fungsi di jajaran Dewan Komisaris dan Komite

dibawah Dewan Komisaris.

2) Panin Dubai Syariah Bank senantiasa melakukan pengkinian

terhadap kebijakan dan prosedur sesuai ketentuan serta

bersinergi dengan Dubai islamic Bank dalam rangka transformasi

penerapan kebijakan sesuai standar internasional.

3) Perbaikan kualitas aset Panin Dubai Syariah Bank dalam rangka

mendukung pertumbuhan permodalan Panin Dubai Syariah

Bank.

atas penerapan tata kelola perusahaan yang baik yang dilaksanakan

di tahun 2016, Dewan Komisaris percaya bahwa Direksi beserta

seluruh jajaran pada tiap jenjang organisasi Panin Dubai Syariah Bank

mampu mempertahankan dan meningkatkan efektivitas penerapan

tata kelola perusahaan yang baik di tahun mendatang.

perubahan kOMpOSiSi Dewan kOMiSariS

terdapat perubahan komposisi Dewan Komisaris Panin Dubai Syariah

Bank pada tahun 2016. rapat Umum Pemegang Saham yang

diselenggarakan pada 19 april 2016 menyetujui untuk mengangkat

Dr. adnan abdus Shakoor Chilwan menjadi Komisaris Utama Panin

Dubai Syariah Bank.

FrekuenSi Dan tata Cara peMberian naSihat kepaDa DirekSiDewan Komisaris telah menyampaikan berbagai arahan serta nasihat

terkait kebijakan serta pengelolaan Panin Dubai Syariah Bank.

Pemberian nasihat kepada jajaran Direksi dilaksanakan melalui rapat-

rapat gabungan, yang pada tahun buku 2016 telah diselenggarakan

sebanyak 10 kali.

apreSiaSiKami menyampaikan apresiasi kepada seluruh pemangku

kepentingan Panin Dubai Syariah Bank dan para karyawan, nasabah,

serta pemegang saham, atas dukungan yang telah diberikan. Dewan

Komisaris optimis Panin Dubai Syariah Bank mampu mempertahankan

kelangsungan usaha, serta meningkatkan capaian kinerja, secara

konsisten di tahun-tahun mendatang.

wassalamu’alaikum warahmatullahi wabarakatuh.

Bank managed to obtain rank 2 with gooD predicate. Based on

the assessment results, Panin Dubai Sharia Bank’s management is

assessed to have implemented gCg properly.

throughout 2016, gCg implementation of Panin Dubai Sharia

Bank focuses on accountability and responsibility principles with the

following details:

1) Panin Dubai Sharia Bank will complete the gCg structure related

to function implementation in the Board of Commissioners and

Committees under the Board of Commissioners.

2) Panin Dubai Sharia Bank continues to update its policies and

procedures according to the applicable provisions and to synergize

with Dubai islamic Bank for the purpose of transformation of the

implementation of policies according to international standard.

3) improvement of Panin Dubai Sharia Bank’s asset quality in order

to support Panin Dubai Sharia Bank’s capital growth.

Based on the gCg implementation in 2016, the Board of

Commissioners believes that the Board of Directors and the

management at all levels of the organization within Panin Dubai Sharia

Bank will be able to maintain and even improve the effectiveness of

gCg implementation in years to come.

ChangeS in the COMpOSitiOn OF the bOarD OF COMMiSSiOnerSthere was a change in the composition of the Board of

Commissioners of Panin Dubai Sharia Bank in 2016. the general

Meeting of Shareholders, convened on april 19, 2016, approved

the appointment of Dr. adnan abdus Shakoor Chilwan as the Panin

Dubai Sharia Bank’s President Commissioner.

FrequenCy anD prOviSiOn OF aDviCe tO the bOarD OF DireCtOrSthe Board of Commissioners have provided direction and advice to

the Board of Directors regarding Panin Dubai Sharia Bank’s policies

and management. Provision of advice is conducted through joint

meetings which were held 10 times during 2016.

appreCiatiOnwe would like to extend our appreciation to all stakeholders of Panin

Dubai Sharia Bank and the employees, customers, and shareholders

for the relentless supports given. the Board of Commissioners

remains optimistic that Panin Dubai Sharia Bank has the capability

to maintain its business and improve its performance consistently in

the years to come.

wassalamu’alaikum warahmatullahi wabarakatuh.

Dr. aDnan abDuS ShakOOr ChilwanKomisaris Utama

President Commissioner

172016 AnnuAl RepoRt

laPoran direkSiboard oF direCtorS rePort

Situasi perekonomian pada 2016 ditandai oleh tingkat pertumbuhan

yang rendah dan tidak merata di tingkat global serta tingkat

pertumbuhan yang relatif baik pada tingkat nasional. negara-negara

berkembang, seperti tiongkok dan india, diketahui mengalami

perlambatan pertumbuhan ekonomi. negara-negara maju, seperti

Britania raya dan amerika Serikat, tercatat juga mengalami

perlambatan pertumbuhan ekonomi, meski beberapa negara lain,

seperti Prancis dan Jerman, berhasil mencatatkan pertumbuhan

ekonomi walau tidak signifikan.

Di tengah situasi itu, perekonomian indonesia mampu mencatatkan

kinerja yang positif dengan angka pertumbuhan mencapai 5,02%.

Pertumbuhan tersebut tercapai seiring tingkat inflasi yang terjaga

serta pertumbuhan tingkat konsumsi rumah tangga sebesar 5,01%.

nilai tukar rupiah juga membaik, dengan tingkat volabilitas yang

rendah.

Panin Dubai Syariah Bank berhasil mencatatkan kinerja yang positif

pada tahun buku 2016.

Pada kesempatan ini, Direksi menyampaikan laporan kinerja untuk

tahun buku 2016.

economic situation in 2016 was marked by low and uneven economic

growth in global level as well as relatively good growth in national

level. Developing countries, such as China and india, experienced

slowdown in economic growth. Sluggish economic growth were

also occurred in developed countries, such as the United Kingdom

and United States. however, other countries such as France and

germany managed to record economic growth even though it was

not significant.

in the midst of such situation, indonesia managed to record a positive

performance with economic growth of 5.02%. Such growth was

achieved in line with the relatively stable inflation rate as well as the

growth of household consumption which was recorded at 5.01%.

rupiah exchange rate also improved with low volatility.

Panin Dubai Sharia Bank successfully recorded a positive performance

in 2016.

on this occasion, the Board of Directors would like to present the

performance report during 2016.

Para Pemegang Saham Dan Pemangku kePenTingan yang TerhormaT,

Dear ShareholDerS anD STakeholDerS,

Assalamu’alaikum Warahmatullahi Wabarakatuh

18 Laporan Tahunan 2016

analiSiS kinerJaaset Panin Dubai Syariah Bank tercatat meningkat sebesar 22,82%

dibanding perolehan di tahun sebelumnya

Pembiayaan yang disalurkan sepanjang tahun 2016 tercatat

mengalami peningkatan sebesar 12,9% dibanding tahun sebelumnya,

atau meningkat dari rp5,62 triliun menjadi rp6,35 triliun.

Dana pihak ketiga meningkat dari rp5,9 triliun di tahun 2015

menjadi rp6,89 triliun di tahun 2016 atau meningkat sebesar

16,4%. total ekuitas meningkat, dari rp1,15 triliun pada tahun

sebelumnya, menjadi rp1,19 triliun di tahun 2016. Sementara itu,

laba sebelum pajak pada 2016 tercatat sebesar rp27,75 miliar dan

rasio Kecukupan Modal (Car)tercatat sebesar 18,17%.

Per 31 Desember 2016, gwM Panin Dubai Syariah Bank tercatat

sebesar 5,20% dari total Dana Pihak Ketiga, sedangkan FDr tercatat

sebesar 91,93%.

Kualitas pembiayaan terjaga secara baik melalui rasio Non Performing

Financing (nPF), yang tercatat 1,88%.

kebiJakan StrategiSDireksi senantiasa memantau dan mencermati berbagai perubahan

situasi pada lingkungan bisnis yang berdampak terhadap

perekonomian dan pasar. Dalam rangka mewujudkan visi Panin

Dubai Syariah Bank untuk menjadi bank syariah yang universal.

Beberapa kebijakan strategis yang dilakukan sebagai berikut:

1. Melakukan reprofiling pendanaan untuk mendapat biaya dana

yang lebih efisien;

2. Meningkatkan porsi pembiayaan pada sektor ritel dan UMKM;

3. Memperluas jaringan pelayanan dengan strategi yang lebih

efisien dan efektif;

4. Pengembangan teknologi informasi untuk meningkatkan kualitas

pelayanan secara cepat, tepat, dan sistematis.

Dengan masuknya Dubai islamic Bank sebagai pemegang saham

pengendali signifikan Panin Dubai Syariah Bank telah meningkatkan

Credit rating Bank dari Pefindo menjadi (id)aa- (double a minus).

Kemitraan kedua Bank tersebut akan memberikan manfaat yang

sangat bernilai bagi Bank Panin Dubai Syariah, khususnya dalam

menembus potensi pasar indonesia dengan bantuan teknis, inovasi

produk dan transfer of knowledge.

tantangan Dan keSeMpatan Panin Dubai Syariah Bank menghadapi berbagai tantangan seperti:

1. Perekonomian global dan nasional yang belum menentu.

2. Pendanaan yang murah (CaSa) dan berjangka waktu lebih

panjang.

3. Pasar industri Syariah yang potensial tetapi masih terkendala

dengan berbagai peraturan dan produk yang terbatas.

perFOrManCe analySiSthe assets of Panin Dubai Sharia Bank increased 22.82% compared

to what was achieved in the previous year.

Panin Dubai Sharia’s financing that was distributed throughout 2016

recorded an increase of 12.9% compared to the previous year, or

increased from iDr 5.62 trillion to iDr 6.35 trillion.

third-party funds increased from iDr 5.9 trillion in 2015, to iDr 6.89

trillion in 2016, or increased 16.4%. total equity increased from

iDr 1.15 trillion in the previous year to iDr 1.19 trillion in 2016.

Meanwhile, profit before tax in 2016 was iDr 27.75 billion while

Capital adequacy ratio (Car) was recorded at 18.17%.

as of 31 December 2016, the Mrr of Panin Dubai Sharia Bank was

5.20% from the total third-party funds, while the FDr was 91.93%.

the financing quality was well maintained as reflected on the non

Performing Financing (nPF) ratio which was recorded at 1.88% in 2016.

StrategiC pOliCieSthe Board of Directors consistently monitors and observes changes

in business environment which impacted the economy and market.

in realizing the vision of Panin Dubai Sharia Bank to be a universal

sharia bank.

a few Strategic policies to be implemented are as follows :

1. re-profiling funding to efficiency to obtain a better source of

funds;

2. increasing retail and MSMes Financing;

3. expanding the service network with more efficient and effective

strategies;

4. Developing comprehensive information technology to maintain

fast, accurate, and systematic service quality.

the completion of Dubai islamic Bank as the controlling shareholder

of Panin Dubai Sharia Bank has not doubt enhanced Panin Dubai

Sharia Bank’s credit rating from Pefindo to (id)aa- (double a minus).

Partnership of the two Banks will provide valuable benefits to Panin

Dubai Sharia Bank, particularly in utilizing the market’s potential in

indonesia with technical assistance, product innovation, and transfer

of knowledge.

ChallengeS anD OppOrtunitieSgoing forward, Panin Dubai Sharia Bank faced the following

challenges:

1. the uncertainty of global and national economic outlook.

2. increasing its low-cost and long term funding.

3. Potential Sharia industry but still limited in the types of its product

and services.

192016 AnnuAl RepoRt

Panin Dubai Sharia Bank has carried out various improvements as

well as anticipative measures, among others:

1. Developed innovative funding products;

2. explored numerous Sharia Community to increase inclusive

financial program

nevertheless, the government and oJK have determined to develop

and expand the sharia economy and we are optimistic that Panin

Dubai Sharia Bank is ready to face all challenges while simultaneously

utilizes all opportunities optimally.

buSineSS OutlOOkinternational Monetery Fund (iMF) estimated the global trading to

grow by 3.08% in 2017. Moreover, the world’s gDP is predicted to

grow by 3.40%. the growth of global economy is projected to grow

by approximately 3.4%, or better compared to growth in 2016 which

was recorded at 3.1%.

indonesia’s economy is predicted to grow by 5.3% in 2017. inflation

rate is also forecasted to be maintained properly, considering the

controlled interest rate throughout 2016. Several factors which

positively impact the implementation of infrastructure development

in various areas in indonesia, as well as the success of tax amnesty

program by the government of indonesia.

iMpleMentatiOn OF gCgwe are optimistic that the implementation of gCg principles will

improve stakeholders’ trusts and sustain business growth in the

future.

Panin Dubai Sharia Bank is fully committed to consistently implement

gCg principles which consist of transparency, accountability,

responsibility, independency, and fairness.

the self-assessment on gCg carried out by Panin Dubai Sharia

Bank showed that our gCg implementation is scored 2 with gooD

predicate.

COrpOrate SOCial reSpOnSibilityPanin Dubai Sharia Bank is committed to provide positive impact to

the community. the implementation of social responsibility program

throughout 2016 among others is the provision of scholars