Indonesia’s Cash Waqf Linked Sukuk Retail SWR001 Series Raises IDR 14.91 Billion from 1,041 Wakifs

The sale of the Cash Waqf Linked Sukuk (CWLS) Retail SWR001 Series offered by Indonesia’s Ministry of Finance from the 9th of October 2020 to the 20th of November 2020 has raised IDR 14.91 billion in total volume of purchase orders from 1,041 wakifs, according to a statement released by the Directorate General of Financing and Risk Management (DJPPR).

The SWR001 series, which uses a Wakalah contract using state property and the 2020 State Budget Project as underlying assets, was offered as part of the Government of Indonesia’s support of the National Waqf Movement, to assist with the development of social investment and productive Waqf in the country.

According to the D...