Indonesia’s Ministry of Finance Commences Offering of SWR002 Retail Cash Waqf Linked Sukuk Series

The Indonesian Government has opened the offering period for Retail Cash Waqf Linked Sukuk (CWLS) series SWR002 which will run from the 9th of April 2021 to the 3rd of June 2021, according to a statement issued by Indonesia’s Ministry of Finance, via the Directorate General of Financing and Risk Management (DJPPR).

Why it Matters?

The issuance of SWR002 is a form of Government support of the National Movement for Cash Waqf in order to help the development of social investment and productive Waqf in Indonesia. Through SWR002, the Government aims to facilitate temporary and permanent cash donors to place money in safe and productive investment instruments. The issuance is based on Shariah principles and has a Shariah conformity statement from the...