Indonesia issues pandemic retail cash waqf-linked sukuk
JAKARTA – Indonesia on Friday (Oct 9) issued a retail cash waqf-linked sukuk as part of the government’s efforts to finance the recovery of the pandemic-hit economy.
The offering period for the retail sukuk is October 9 to November 12. Investors can put in from 1 million rupiah ($68) through four distribution partners Bank Muamalat, Bank Syariah Mandiri, BNI Syariah, and BRI Syariah.
The wakalah-based retail sukuk is guaranteed by the government and cannot be traded on the secondary market. It has a two-year tenure and offers a fixed rate of return of 5.5% per year. The first coupon payment is scheduled for December 10.
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