Introduction to Retail Sukuk SR019
The Government of the Republic of Indonesia will again issue the Retail Sukuk coded SR019 in September 2023. Retail Sukuk is a sharia-compliant investment product issued by the Government for all Indonesians, which does not contain elements of gambling (maisir), uncertainty (gharar), and usury and has been declared to adhere to sharia by the National Sharia Council - Indonesian Ulema Council (DSN-MUI).
The Schedule of SR019 Retail Sukuk Issuance
The SR019 subscription starts from 1 September until 20 September 2023 with a minimum subscription starting from Rp1 million. It offers a competitive yield rate higher than the average deposit rate of state-owned banks with a lower tax of 10% compared to the deposit tax of 20% to attract public interest in investing.
Following the previously released Retail Sukuk coded 018, the government offers two investment period options with a tenor of 3 and 5 years. This allows investors to maximize their assets by choosing the available investment tenor options.
Benefits of SR019 Retail Sukuk Investment
1. Fixed, Competitive Yield
Competitive returns compared to the average interest rate of State-Owned bank deposits and a fairly low tax of only 10%. This will surely maximize investor profits.
2. Relatively Affordable Capital
SR019 can be purchased with a starting price of Rp1,000,000. Not only is it affordable, but it is fairly easy to register and make a purchase at myBCA.
3. Guaranteed by the State
The state guarantees the return of the principal and yield of SBN purchases. It is written in Law Number 19 of 2008 on Sharia-Compliant Securities. This means that investors do not need to worry about the risk of default because it has been guaranteed by the Government and the funds are reserved in the State Budget every year.
4. Available for Sale in the Secondary Market
SR019 investors can also disburse their principal early in the secondary market. This gives them the opportunity to earn capital gains if the selling price is higher than the initial investment principal or experience a capital loss if the selling price is lower than the initial investment principal.
5. Managed under Sharia Principles
All funds are managed and returned to investors using Sharia principles, which do not contain elements of maisir (gambling), gharar (uncertainty), or usury and have been declared Sharia-compliant by the National Sharia Council - the Indonesian Ulema Council (DSN-MUI).
6. Playing a Role in National Development
The funds obtained from the issuance of Government Securities (SBN) will later be used to finance development nationally.
7. Suitable for Medium-Term Investment
Retail Sukuk investment promised a return in 3-5 years. In other words, this investment is suitable for securing short to medium-term funds. For example, parents who want to send their children to school or realize other investment goals in a few years.
8. Works as Collateral for Productive Loans
You can also use SR019 as collateral for productive loan applications at BCA after the minimum holding period set by the government ends.
SR019 Retail Sukuk at BCA
You can order SR019 online through the Welma feature on myBCA and KlikBCA. Download myBCA for easy investment and portfolio management. Create a SID (Single Investor Identification) through the myBCA application. Once you have it, immediately place an order for SR019 at the beginning of the offering period because the quota is limited. The Welma feature can also be used to purchase investment products such as Mutual Funds and other Government Securities (SBN) to be issued by the Government or SBN that are already available in the secondary market. You can also enjoy various myBCA such as promos for BCA new investors, secondary market bond transactions fee-free promos, and Mutual Fund transaction fee-free promos.
Happy Investing!