Meaning The Holy Month Of Ramadan, Bibit And Jago Syariah Invite The Community To Invest While Continuing Kindness

Photo: Doc. Bank Jago

JAKARTA - The holy month of Ramadan is a month full of grace and blessings awaited by Muslims around the world. Entering the ninth month of this Hijri calendar, PT Bibit Grows Together (Bibit) and PT Bank Jago Tbk (Bank Jago) invites the Indonesian people to manage their finances better while achieving good goals and ideals in their lives.

The collaboration between Bibit and Jago Syariah is manifested in various innovative features that provide an easier, more practical, and seamless investment experience.

Ramadan is an opportunity to achieve as many blessings and benefits as possible, one of which is through learning about investment, many instruments ranging from products in the Islamic capital market to tips on managing personal finances. So this is the right moment for all of us to gain knowledge through this event," said Irwan Abdalloh, Head of the Indonesian Stock Exchange Sharia Capital Market Division (IDX), in the Ramadan & Buka Fasta Bersama Study event organized by Bibit and Jago Syariah, Monday 27 March. With the interconnection of these two financial services, users can open Bank Jago accounts through the Bibit application in less than five minutes, and these accounts are not subject to administrative fees or minimal balances.

In addition, users who want to make payments for mutual fund purchases in the Bibit application, can directly make payments with Bank Jago without the need to move to another application.Bibit provides mutual sharia fund products (money market funds, mutual bond funds, and mutual stock funds) so that investors who have sharia preferences can directly activate Syariah toggles on the Profile page.

And as a distribution partner for the sale of Government Securities (SBN), users can purchase the SR018 series of State Sharia Securities (2023 March 3-29 offering period) in Bibit. Furthermore, in May 2023, users can purchase the ST010 series Savings Sukuk which is also a sharia investment product. With the features that Bibit has such as Robo Advisor and Goal Settings, now anyone can invest based on the risk profile, financial condition, and financial goals they want to achieve. Bibit applications are also suitable for friends who have Syariah preferences in investing, said William.

As a tech-based bank embedded in the ecosystem, Bank Jago continues to innovate and collaborate with digital economy actors, including Bibit. Through the Jago Syariah business unit, Bank Jago is here to offer digital financial solutions that focus on daily life based on sharia principles (life-centric digital financial solution) whose features and innovations are equivalent to conventional banking.

The features in Jago Syariah are personalized according to the need to help customers one step closer to achieving a life full of blessings. With the Akad Wadiah and Mudharabah, Jago Syariah customers can place funds in 60 bags for various needs. In addition, to answer the needs of the Sharia segment in investing, the Jago Syariah Pocket has also been connected to Bibit. This is the first step for us, in the future of course we will continue to innovate to provide convenience for customers in transactions, "said Agung Lesmana, Head of Sharia Business Development and Product Solution of PT Bank Jago, Tbk.

To invite the Indonesian people to always be blessed and manage their finances better, Bibit users can take advantage of the Nabung Routine feature that is connected to the Jago Syariah Bag. With this feature, Bibit users who have been connected to the Jago Syariah account can invest mutual funds regularly and automatically with a period of time and frequency that can be adjusted to the needs of users.

For example, users can save regularly for the cost of Hajj or Umrah with their families so that the goal is easier to achieve. In addition, Jago Syariah users who have invested in Bibit, can directly check the investment portfolio in Jago App in their Bibit Bags.

"We are very grateful for the collaboration with Bank Jago. We hope that the services we offer can help the Indonesian people plan their finances better so that they can always live with full blessings," concluded William.