Bank Woori Offers SR024 Retail Sukuk with 6.25% Coupon Rate

PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) is collaborating with PT Trimegah Sekuritas Indonesia Tbk as a sub-distribution partner to offer retail sukuk SR024.

SR024 is a Sharia-compliant investment instrument issued under an ijrah (lease) contract scheme. Investors receive periodic coupon payments throughout the investment period.

SR024 is available in two tenor options: 3-year (SR024T3) and 5-year (SR024T5). The SR024T3 series offers a fixed return of approximately 6.25% per annum, whilst SR024T5 offers approximately 6.35% per annum. The coupons are fixed-rate and paid monthly to investors until maturity.

Beyond offering competitive returns, SR024 provides high security as principal and coupon payments are guaranteed by the state under the Law on State Islamic Securities. This makes retail sukuk one of the relatively safe investment instruments for the public, particularly amid uncertainty in global financial markets.

From an investment access perspective, SR024 is designed to be accessible to the broad public. The minimum purchase is set at Rp1 million, with increments of Rp1 million per transaction. The maximum purchase limits are Rp5 billion for the 3-year tenor and Rp10 billion for the 5-year tenor per investor.

The instrument also offers flexibility as it is tradable, allowing it to be traded on the secondary market after the government-mandated holding period. This gives investors liquidity options if they wish to sell their sukuk holdings before maturity.

From a tax perspective, SR024 returns offer particular appeal as the coupon tax on retail state securities is 10%, lower than the deposit interest tax which typically reaches 20%. This makes the net return received by investors more competitive compared to various conventional savings instruments.

The offering period for retail sukuk SR024 runs from 6 March to 15 April 2026, during which the public can apply online through designated distribution partners.