Sukuk bonds excessively in demand among Indonesians

The Indonesian government has issued Rp 120 trillion or $12.84 billion in sukuk, over the past four years, for what the Finance Ministry calls an "excessive" demand.

“The achievement has been supported by excessive demands for sukuk in the domestic market,” Dahlan said in Surabaya on Thursday. “And the potential for state sukuk in the country is developing rapidly, given that 80 percent of Indonesians are Muslims, and there remains a large potential for them to become investors.”

Indonesia has been selling conventional and Islamic bonds the past year to help plug its budget deficit.

Dahlan added that as of April, the government recorded a total of Rp 102.88 trillion in outstanding sukuk, or the amount of sukuk that the government has yet to fully pay back.

For more.

Also Read

SGX, Thomson Reuters unveil bond indices for benchmarking investment performance

AXA Real Estate raises ¥26b at launch of 2nd Japanese debt investment vehicle

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit