Sunday, 8 November 2015

Indonesia issues sukuk worth 1.5 trillion rupiah

On November 4, 2015, the Indonesian government issued Government Shariah Securities (SBSN)  by private placement valued at Rp1,500,000,000,000. These sukuk are part of the Hajj fund series SDHI 2023 A, which is non-tradable.

There is a fixed coupon of 8.82% per year, with payments on the 4th of every month, ending December 4, 2023. The contract is of the form ijarah al-khadamat.