What is Sukuk Retail

Government since February 6, 2009 to sell retail sukuk market in the country. Tremendous investor response. Until the 12th day, sales have reached Rp 3.446 trillion or exceed indicative target of Rp 3.4 trillion. Investors who are interested still have until February 20, 2009 later.

Before investing it is better to know what retail sukuk and what makes it so attractive to investors instruments? Directorate General of Debt Management, Ministry of Finance revealed retail sukuk are securities issued by the state based on sharia principles as evidence for the inclusion of the assets of the State Sharia Securities, which sold to an individual or an individual citizen of Indonesia through a selling agent, with a minimum volume that has been determined.

Legal Basis

1. Law Number 19 Year 2008 regarding State Sharia Securities.
2. Government Regulation Number 56 Year 2008 regarding the Company's Securities Issuer Sharia State.
3. Government Regulation Number 57 Year 2008 on the Establishment
Issuer Securities Indonesia Sharia State.
4. Minister of Finance Regulation No. 218 of 2008 on Securities Issuance and Sale of Retail Islamic State in the Prime Market of the Interior.
5. The National Fatwa Council of Sharia 69/DSN-MUI/VI/2008 Number of Securities Sharia State.
6. Shariah Board of the National Fatwa No. 70/DSN-MUI/VI/2008 on Securities Issuance Method Sharia State.
7. The National Fatwa Council of Sharia 71/DSN-MUI/VI/2008 Number of Sale and Lease Back.
8. The National Fatwa Council of Sharia 72/DSN-MUI/VI/2008 Number of Securities State Sharia Ijarah Sale and Lease Back.

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