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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Retail Islamic bonds launched, first time in RI

  • <B>The Jakarta Post</B>

Jakarta | Sat, January 31 2009 | 01:19 pm

PREMIUM Indonesia's first Islamic retail bond (sukuk) was launched Friday, with a sales agent predicting net sales of Rp 5 trillion (about US$455 million). The investment unit, named SR-001, aims to help cover the deficit in the 2009 state budget, which is predicted to be around 2.5 percent, while at the same time maintaining the growth in public consumption at about 4 to 5 percent. "The Indones...