Retail Sukuk SR016 Soon To Be Released, CEO Of Bibit: Safe Sharia Investment And Guaranteed By State

Illustration. (Photo: Unsplash)

JAKARTA - After receiving quite an enthusiastic response from the Indonesian people through the issuance of the Retail State Bond series ORI021, the government will soon release the Retail State Sharia Securities (SBSN) series SR016. The offer period for the SR016 will run from February 25 to March 17, 2022.

"Continuing what we said earlier about ORI021 the other day, we again invite all Indonesians to invest in state sharia securities that are safe, guaranteed by the state and provide opportunities for the public to participate in supporting the country's economy," said Sigit Kouwagam, CEO of Bibit, in a written statement, Friday, February 25.

According to Sigit, the retail SBSN series SR016, which will be offered with a fixed coupon of 4.95 percent per year, a tenor of 3 years, and can be traded on the secondary market can be an alternative investment for the public because the yield is higher than the current BI benchmark interest rate. this is 3.5 percent.

He added, Bibit, a mutual fund and SBN investment application for beginners that has been officially appointed by the Ministry of Finance of the Republic of Indonesia as a Distribution Partner for selling Government Securities (SBN), is ready to serve users who want to invest through its application.

Doc. Bibit

"Investing while contributing to the development of the country is a form of active participation that can be done by investors, including today's young generation of Indonesia. Payment of yield (coupon) SR016 is carried out every month and guaranteed by the state so there is no risk of default Deposits are subject to a 20 percent tax, the tax imposed on the yield on SBN is 10 percent. So, this can be quite profitable passive income for investors," added Sigit.

For information, the minimum purchase/order for SR016 is IDR 1 million and multiples of IDR 1 million with a maximum of IDR 2 billion. To be able to purchase SR016 on the Bibit application or website, users simply click on the "State Securities (SBN)" icon or banner on the application homepage and on the Bibit website.

In this case, Bibit Partners with Stockbit Sekuritas to manage the recording and storage of the investor's SBN Investor Fund Account. Later, after investors make payments for SBN transactions, investors will receive proof of transactions in the form of Proof of State Revenue (BPN). In the BPN, there is a State Receipt Number (NTPN) which is issued directly by the state and is proof of ownership of the purchased SBN.

Regarding public enthusiasm for retail SBN, the Ministry of Finance of the Republic of Indonesia noted that the issuance of ORI021 in early 2022 succeeded in breaking the record for the largest number of total investors since the issuance of retail SBN online.

Doc. Bibit

It was recorded that 56,238 investors purchased ORI021 with 45 percent of them being new investors. Meanwhile, the total volume of issuance was IDR 25.07 trillion.

"Seeing the high level of public enthusiasm for ORI021, we are optimistic that the SR016 will be well received by the Indonesian people who are increasingly literate in investment," concluded Sigit.