Indonesia’s Cash Waqf Linked Sukuk Retail SWR002 Series Raises IDR 24.14 Billion from 591 Wakifs 

The sale of the Cash Waqf Linked Sukuk (CWLS) Retail SWR002 Series offered by Indonesia’s Ministry of Finance from the 9th of April 2021 to the 3rd of June 2021 has raised IDR 24.14 billion in total volume of purchase orders from 591 wakifs, according to a statement released by the Directorate General of Financing and Risk Management (DJPPR).

Why it Matters?

The SWR002 Series, which is under 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 commitment to support the National Waqf Movement, to assist with the development of social investment and productive Waqf in the country. Through the SWR002 Series, the Government is able to facilitate bo...