Indonesia’s Ministry of Finance to Launch Cash Waqf-Based Sukuk Retail Series

Indonesia’s Ministry of Finance (MoF) will launch a cash waqf-based Sukuk or cash waqf link Sukuk (CWLS) retail series on the 9th of October 2020. The Sukuk issuance, which will be offered until the 12th of November 2020, will be used to finance social programmes in Indonesia’s state budget, local media reported.

According to Luky Alfirman, Director General of Financing and Risk Management of the MoF, the CWLS retail series is specifically targeting individuals to purchase Sukuk, and the MoF will be working with Islamic bank distribution partners in order to reach the potential waqf directly.

Local media reported that the public will be able to access the CWLS through f...