Suddenly Yusuf Mansur Became The Reference For Beginner Investors Through His Mansurmology

Ustaz Yusuf Mansur. (Photo: Instagram @yusufmansurnew)

JAKARTA - The name Ustaz Yusuf Mansur or (UYM) has recently become increasingly popular as a reference for investors in choosing prospective stocks. This is because he often provides capital market investment education through his Instagram account. Its sizeable congregation base also keeps recommended shares flying.

Most recently, Yusuf recommended buying shares of pharmaceutical SOEs. According to him, by buying shares of PT Kimia Farma Tbk (KAEF), the community is helping the state company.

PT Kimia Farma Tbk (KAEF) shares shot up almost 25 percent to IDR 4,430 in trading Monday, December 7. The increase continued on Tuesday, December 8, although it was not as high as the previous day, to a price of IDR 4,810.

The increase in the share price of pharmaceutical SOEs was caused by positive sentiment on the arrival of the COVID-19 vaccine from Sinovac Biotech Ltd, a company from China. As a subsidiary of PT Bio Farma (Persero), KAEF is one of the distributors of vaccines to be shipped throughout Indonesia.

This sentiment was emphasized by Yusuf since several days before the cargo containing 1.2 million doses of the vaccine arrived at Soekarno-Hatta International Airport on Sunday, December 6. Yusuf advised investors to protect the company's share ownership.

Even though he recommended KAEF, Yusuf also reminded investors or traders to start with good intentions such as giving alms.

"For friends who invest in KAEF shares, be careful. Always mention Asma Allah. He goes down and up. All. Including stocks," wrote Yusuf on his official Instagram account, @yusufmansurnew, Monday, December 7.

The arrival of the Sinovac COVID-19 vaccine to Indonesia. (Photo: Doc. Setkab)

With the potential for large capital gains, said Yusuf, there is nothing wrong for investors to sell KAEF shares. However, if investors intend to hold KAEF shares with the intention of owning them, he considers it a good choice.

Yusuf said, the 1.2 million doses of vaccine coming were still a preliminary stage, so there is still a possibility that KAEF's share price will skyrocket again. Therefore, he assessed that investing in these stocks was not just a chase.

"Every vaccine is distributed and society is vaccinated, we get reward and crazy goodness. There are no limits. Friends are not human beings, but humans with dignity, who have glory," he said.

Yusuf Mansur's suggestion, GMFI collection

Previously, Yusuf also recommended buying other BUMN shares. In fact, several stocks rose significantly after being mentioned by him. Among them are PT Garuda Indonesia (Persero) Tbk. (GIAA), PT Wijaya Karya (Persero) Tbk. (WIKA), PT PP Properti Tbk. (PPRO), and PT GMF Aero Asia Tbk. (GMFI).

In mid-November 2020, the owner of PayTren invited the public to buy GIAA shares. Whether coincidence or not, the national airline's stock rose for the next few days. Even had strengthened to 35.54 percent during the week.

"Masya Allah. It would be great if my positive sentiment with Allah's permission could make my friends profit and Garuda continues to improve," he wrote on Instagram, Thursday, November 12.

Yusuf said, even though GIAA suffered losses of tens of trillions of rupiah, the public did not need to worry about the company's performance. Moreover, Garuda Indonesia also belongs to the state and the people of Indonesia. So, he made easy calculations in paying off the debt.

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He considered that the losses incurred by GIAA were actually very small if 10 million people were covered because they only needed a capital of IDR 1.5 million.

Photo: Instagram @yusufmansurnew

As of the third quarter of 2020, the company led by Irfaniaputra experienced a net loss of US $ 1.07 billion or IDR 16.03 trillion. This figure is inversely proportional to the achievement in the same period the previous year, when GIAA earned a net profit of 122.42 million US dollars.

Meanwhile, the revenue earned fell 3.54 billion US dollars to 1.13 billion US dollars or Rp16.98 trillion as of September 2020. The COVID-19 pandemic is the last blow for this company after being plagued by internal problems since the end of last year.

Mansurmology

In early December, through his Instagram account, Yusuf introduced the concept of Mansurmology. A concept that he calls has a different point of view from other stock investors who are looking for more money.

Here, Yusuf emphasized that investing in stocks is not just for profit, but also for owning a company.

"The principle of Mansurmology is simple. Bless and join the blessing, from companies that serve the lives of many people," he said.

According to Yusuf, stock investment can be started with a collective. So far, this enthusiasm has emerged, as reflected in the increase in a number of shares he suggested. Apart from that, the public can also start investing in blessed stocks, namely issuers that serve the lives of many people.

Because lately he has been increasingly conducting education on capital market investment, there have been allegations that Yusuf was endorsed by certain parties. However, he denied this.

"KAEF, Kimia Farma, are just examples. I have nothing to do with requests and endorsements. From the start, there was not a single securities and state-owned enterprises that I did japri-japri with about this. I don't know, hehehe," he said.

Long before he succeeded in attracting the public to invest in stocks, Yusuf had made a similar invitation several years ago. To be precise, at the beginning of February 2018.

At that time, Yusuf invited thousands of his congregation to jointly open a savings account at Bank Muamalat. This invitation was followed by the arrival of thousands of Yusuf congregants to the sharia bank's head office in Kuningan, Jakarta and branch offices in several other cities.

Together with the ustaz, they jointly opened a new account at the bank. This is claimed to be the starting point for people who want the Islamic banking industry in Indonesia to be strong.

"God willing, the people aspire to encourage the Islamic banking industry, so this is our concrete step to help the goodness of Bank Muamalat Indonesia to help improve the sharia economy in general. In addition to being beneficial for the economic good of the people, God willing, this will come back to us," he said. Yusuf, at that time.

Unmitigated, at Bank Muamalat's head office, their presence was also welcomed by high-ranking bank officials at that time, such as Anwar Nasution as President Commissioner and Achmad K. Permana as President Director. Also present were Ma'ruf Amin, who at that time served as Chairman of the Muamalat Sharia Supervisory Board and Chair of the Indonesian Ulema Council (MUI).

Unfortunately, this step has not been able to improve the performance of Bank Muamalat or help bring the bank together with potential new investors.

Controversy

In fact, Yusuf's invitation was not fully received positively by the public. In 2013, the Financial Services Authority (OJK) summoned him regarding the joint venture business he was running.

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The concept of the joint venture business is to collect funds from the public to be used to buy hotels and apartments in the Karawaci area, Tangerang. The hotel and apartment are intended to accommodate Haj and Umrah pilgrims.

The people who participate are said to be benefiting from the profit sharing of the hotel and apartment rental, in addition to charities from the Haj and Umrah pilgrims. From the end of 2012 to July 2013, the funds that have been collected have reached around Rp. 20 billion from around 2,000 investors.

However, the fundraising business is a business that can only be run by legal entities and of course requires permission from the regulator. The accusation that the business was a false investment also made Yusuf disemprit OJK and the Minister of BUMN.

OJK also imposed educational sanctions on Yusuf, after conducting a search. The reason is that the ustaz is said to be ignorant of the existing regulations and is purely running the business scheme because he is driven by ignorance.

"I think the sanction is to educate first, because we are ignorant. Then, the permit must be adjusted to the rules," said Muliaman Hadad, Chairman of the OJK Board of Commissioners at that time.

Photo: Doc. PayTren Indonesia

Due to this incident, OJK finally advised Yusuf to form a business entity in the form of a Limited Liability Company (PT).

It does not stop there, other controversies that accompany it are related to PayTren, a sharia-based financial service provider company and the technology it founded.

Through an application that can be downloaded on the device, users can use PayTren to perform various financial transactions such as paying bills, paying electricity, and buying credit.

But unfortunately, in 2017, Bank Indonesia (BI) froze electronic money services on PayTren. The central bank said that this was done in the name of consumer protection because the services being carried out were not in accordance with BI regulations.

In early 2020, it was the turn for PayTren's sharia mutual fund products to be dissolved by the OJK. This step was taken because the product did not meet the minimum requirements for management funds in accordance with OJK Regulation (POJK) Number 23 of 2016 concerning Mutual Funds in the Form of Collective Investment Contracts.

Because of this, his Instagram account is often visited by people who feel that their investment in Yusuf's business is stagnating or simply asking about the sustainability of the businesses he operates.

However, the big name of the leader of the Tahfidz Daarul Qur'an Islamic Boarding School is indeed effective in attracting people's attention. Earlier this year, Yusuf claimed that his name was included in a fictitious housing brochure under the guise of the Multazam Islamic Residence in Sidoarjo, East Java.

The various controversies that have accompanied Yusuf do not seem to prevent the public from waiting for which other shares are considered prospective. What is the next stock that Yusuf Mansur will recommend?

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