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Saturday, April 20, 2024

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Indonesia receives largest Sukuk Waqf orderbook

INDONESIA: The Indonesian government has achieved its largest orderbook for a Sukuk Waqf issuance. Through an official statement, the government confirmed that the sale of cash Waqf-linked Sukuk series SWR003, which took place from the 11th April until the 7th July 2022, attracted IDR38.25 billion (US$2.56 million)-worth of purchase orders. The two-year retail offering offers a fixed rate coupon of 5.05% annually and proceeds will be channeled toward social programs including productive economic Waqf programs for SMEs, food security and scholarships, among others.  

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