How to Invest in Sukuk

Investment trends in Indonesia are undergoing a significant transformation, influenced by dynamic global factors impacting the nation’s financial markets. Savvy investors are increasingly seeking investment instruments that promise not only attractive returns but also minimal risk and adherence to ethical, Sharia-compliant principles.

The robust growth of Sharia investment in Indonesia is clearly demonstrated by the Sharia Capital Market Statistical Report released by the Financial Services Authority (OJK) at the end of 2025. This report revealed a remarkable surge of 104% in Sharia investor transaction value, reaching an impressive Rp11.2 trillion. This growth trajectory is mirrored by the Sharia capital market’s capitalization, which now stands at Rp8,900 trillion, underscoring its pivotal role in the Indonesian financial landscape.

A prime opportunity for Sharia-compliant investment is offered through State Sharia Securities (SBSN), with the newly launched ST016 series taking center stage. ST016 emerges as an ideal Sharia investment alternative specifically designed for individual Indonesian citizens, aligning personal financial goals with ethical investment practices.

This innovative instrument is available in two distinct series: the Sukuk Tabungan Series ST016T2, featuring a 2-year tenor, and the environmentally conscious Green Sukuk Series ST016T4, with a 4-year tenor. The offering period for both series commences on May 8, 2026, and concludes on June 3, 2026. These Sukuk Tabungan are exclusively offered through designated distribution partners in the domestic primary market. While they are not tradable in the secondary market, they do provide an attractive early redemption facility, allowing investors flexibility under specified terms.

Both Sukuk Tabungan series offer compelling floating-with-floor coupon rates. The initial yield (floor) for ST016T2 (2-year tenor) is set at 6.05% per annum (BI rate + 130 bps), while ST016T4 (4-year tenor) offers an initial yield of 6.25% per annum (BI rate + 150 bps) to individual Indonesian investors. This mechanism ensures that investors benefit from potential interest rate increases while being protected by a predefined minimum yield.

The issuance of ST016T2 and Green Sukuk Series ST016T4 serves several strategic national objectives. It aims to broaden the domestic investor base by providing a profitable and impactful investment alternative, foster the development of the Sharia financial market, partially fund the State Budget (APBN) for 2026, support robust financial planning, and ultimately contribute to the prosperity of future generations. This makes ST016 not just an investment, but a contribution to sustainable national development.

1. Low Risk: Retail SBSN boasts unparalleled credibility, with both the principal and coupon payments legally guaranteed by the State Law, offering investors peace of mind and robust security.

2. Attractive Yields: The floating-with-floor coupon mechanism ensures payments are made monthly, providing a dynamic return that adjusts upwards if the benchmark interest rate rises, yet never falls below the predetermined floor. These coupon rates consistently surpass the average deposit rates offered by State-Owned Banks.

3. Easy Access: Investment and management are remarkably convenient. Purchases can be effortlessly executed through the SBN Online electronic system, providing accessible digital access for all investors.

4. Early Redemption Facility: Although ST016 cannot be traded in the secondary market, it offers the valuable option of early redemption during specified periods. This feature provides investors with essential liquidity, allowing them to cash out their investment before maturity if needed.

1. Default Risk: ST016T2 and ST016T4 carry minimal default risk. Under the State Debt Law, the government explicitly guarantees the payment of both the coupon and the principal of State Debt Securities, including ST016T2 and ST016T4, until maturity. The necessary funds are allocated annually within the State Budget (APBN), reinforcing this guarantee.

2. Liquidity Risk: While ST016T2 and ST016T4 are not tradable in the secondary market, the inherent liquidity risk is effectively mitigated by the early redemption facility. This crucial feature allows investors to request early payout during designated periods, providing a mechanism for pre-maturity withdrawal.

3. Market Risk (Interest Rate Risk): ST016T2 and ST016T4 are largely insulated from traditional market risk. The principal value remains stable and is not affected by fluctuations in market interest rates. Furthermore, the floating-with-floor coupon rate actively adjusts to market changes, ensuring investors benefit from rising rates while being protected by a minimum yield, thus safeguarding their investment from adverse market movements.

Both Sukuk Tabungan series can be conveniently ordered via the BRImo application. For existing SBN account holders, simply open the BRImo app, navigate to the Investment menu, select SBN, enter the desired order amount (minimum Rp1 million), and complete the payment using the generated billing code.

For individuals new to SBN investments, a quick registration process is required. Prospective investors can visit their nearest BRI branch to obtain a Single Investor Identification (SID) and open a securities account, paving the way for their first ethical investment.

Embrace the opportunity with ST016 to grow your assets through a Sharia-compliant instrument, potentially earning up to 6.25% per annum, all while actively contributing to national development. Don’t miss out on this unique offering; secure your ST016 via BRImo before the limited offering period concludes. Visit bbri.id/st016 for comprehensive information and take the next step towards impactful and ethical investing.