Jakarta, (20/6). Indonesian government thru the minister of finance, once again has  repeated his statement of how important it is to understand the risk and profit of investment products. Furthermore he said that the people must be able to adjust its investment portfolio as according to their needs.

Minister of Finance- Agus D.W. Martowardoyo statement was based on the rapid activities of investment services in Indonesia, which he said during the opening ceremony of Indonesia Financial Expo & Forum (IFEF) 2011, that was held in Jakarta Convention Center, last Friday (17/6).

Jakarta, (13/6) the Security commission of Indonesia or Badan Pengawas Pasar Modal and Lembaga Keuangan (Bapepam-LK) has produced a new SOP in related to securities companies brokerage licensing. This regulation is a revised version under the No. of V.B.1. This revision is done in line with the growing no of brokerage companies, which has been applied for the license as explained by the Head of  the Transaction Biro of the Securities  M. Noor Rachman at Bapepam-LK.

Jakarta, (14/4). Indonesian Government issued another sovereign sukuk from hajj funds for IDR 2 trillion, serial no SDHI 2021A. The head of public relation of the Department of finance, Premade said this sukuk serial no SDHI 2021A issued on April 11, 2011 with maturity date of April 11, 2021. This sukuk issuance as agreed by the minister of religious affairs and Department of Finance in managing the hajj funds by way of private placement

Jakarta, (11/1). The Indonesian Government has announced the involving of 20 Financial Institutions as sovereign sukuk as agencies and has appointed law firm as a consultant for the sukuk issuance.

The Head of Finance bureau of the minister of finance office said Yudi Pramadi in a Press release said that there will some additional agencies this year, since there are many financial institutions has shown some interest in becoming a sovereign sukuk agency as it has a significant benefit for their institutions.

The agencies are:
1. PT Bank Mandiri (Persero) Tbk
2. PT Andalan Artha Advisindo Sekuritas
3. PT Mega Capital Indonesia
4. PT Bahana Securities
5. PT Bank Internasional Indonesia Tbk
6. PT Bank Syariah Mandiri
7. PT Danareksa Sekuritas
8. PT Bank Rakyat Indonesia (Persero) Tbk
9. PT Bank CIMB Niaga Tbk
10. PT Trimegah Securities Tbk
11. The Hongkong and Shanghai Banking Corporation Limited
12. PT Bank Negara Indonesia (Persero) Tbk
13. Citibank NA.
14. Standard Chartered Bank
15. PT Sucorinvest Central Gani
16. PT Reliance Securities Tbk
17. PT Bank Permata Tbk
18. PT Bank OCBC NISP Tbk
19. PT Ciptadana Securities dan
20. PT Kresna Graha Sekurindo Tbk.

In the meantime the appointed of a law form as sukuk consultant is Ary Zulfikar & Partners Legal Consultants. The observer of Shariah economic Gunawan Yasni said that this is a good benefit for financial institutions such as Islamic banks to be the agencies for sovereign sukuk, which can assist the bank to cross, sell their products.

“I perceived that it is a major benefit for Islamic banks to become sovereign sukuk agencies” exclaimed Gunawan Yasni.  (Agus Y/nibra)