Suara.com – Approaching the month of Ramadan, the Government officially issued Government Sharia Securities (SBSN) Retail Sukuk SR020 series with an offering period that takes place from 1-27 March 2024. SR020 is issued in two product types, namely SR020-T3 and SR020- T5.
SR020-T3 has a tenor of three years with a fixed return (fixed rate) of 6.30% per year, while SR020-T5 has a tenor of five years with a fixed return of 6.40% per year.
Bibit.id, which was named by the Indonesian Ministry of Finance as the Best Retail SBSN Distribution Partner in 2022 and 2023, believes that SR020 will receive a positive response from the Indonesian people, especially since its momentum coincides with the holy month of Ramadan and the THR distribution moment in March 2024. Bibit.id's Head of Digital Marketing, Angie Anandita Tjhatra, explained several reasons.
“SBN Syariah SR020 is a safe Sharia investment option to choose during the month of Ramadan. Especially because SR020 is being offered until March 27 2024, which also coincides with the THR distribution. We invite people to allocate their THR wisely, such as investing in SR020 which is 100% safe, guaranteed by the state and supervised by the National Sharia Council of the Indonesian Ulema Council (DSN-MUI). “Investors who buy SR020 at Bibit also have the opportunity to get cashback of up to IDR 30 million,” said Angie, written on Wednesday (6/3/2024).
Currently, interest rates are projected to be at their peak. This is the right moment to lock in high and stable yields from the SR020 for the next three or five years before interest rates fall. In Semester II 2024, interest rates are predicted to be cut, but there is no need to worry because even though interest rates fall, the SR020 coupon will not also decrease because it is a fixed rate.
“The SR020-T3 yield of 6.30% per year is the highest SR yield over the last three years when compared with the same tenor. Apart from that, the SR020-T5 yield of 6.40% per year is no less attractive. This makes SR020 have a higher yield than the BI benchmark interest rate and deposits. “This is the right moment for investors to lock in these high yields before interest rates are predicted to fall in the future,” added Angie.
SR020 can also be an alternative to fixed monthly passive income, because the SR020 yield (coupon) will be received by investors every month on the 10th, with the first coupon on May 10 2024 (long coupon). The minimum purchase/order for SR020-T3 is IDR 1 million and multiples of IDR 1 million with a maximum of IDR 5 billion, while the minimum purchase/order for SR020-T5 is IDR 1 million and multiples of IDR 1 million with a maximum of IDR 10 billion.
SR020 is a type of SBN that can be sold on the secondary market (tradeable) before maturity. But remember, selling SR020 before maturity will follow the availability of buyers in the secondary market and the SR selling price will follow the market price, it can go up or down.
For information, in the last three SBSN issuances, namely Retail Sukuk series ST010 (12 May-7 June 2023), SR019 (18 August-13 September 2023), and ST011 on 6 November-6 December 2023, Bibit succeeded in becoming a Distribution Partner Fintech category with the most sales.
“This means that Indonesian people's awareness and trust in investing in State Sharia Securities and Seeds continues to increase,” said Angie.
To invest SR020 in Bibit, the method is very easy. Investors simply click on the “Government Securities (SBN)” icon or banner on the homepage of the Bibit application or website. In this case, Bibit partners with Stockbit Sekuritas to manage the recording and storage of investors' SBN Investor Fund Accounts.
Later, after the investor makes payment for the SBN transaction, the investor will receive proof of the transaction in the form of Proof of State Revenue (BPN). In the BPN, there is a State Receipt Number (NTPN) which is issued directly by the state and is proof of ownership of the SBN purchased.
In terms of promotions, Bibit provides various cashbacks to investors, starting from IDR 25 thousand, IDR 50 thousand, IDR 100 thousand, IDR 200 thousand, IDR 600 thousand, IDR 1 million, IDR 2 million, IDR 4 million, IDR 6 million, IDR 8 million, IDR 15 million to IDR 30 million.