Government Invites Diaspora to Purchase Sukuk
REPUBLIKA.CO.ID, JAKARTA – The government is beginning to target the Indonesian diaspora to broaden the investor base for national sharia instruments. One of the products being promoted is the Savings Sukuk (ST) series ST016, which will be offered from 8 May to 3 June 2026.
The instrument is considered increasingly accessible because it can be purchased digitally with a minimum investment value of Rp1 million. The government assesses that technological developments have opened up investment access for the public, including Indonesians living abroad.
Director of Sharia Financing at the Ministry of Finance, Deni Ridwan, stated that the main challenge currently is no longer access to financial services, but rather the low understanding of the public regarding investments.
“Investments can now start from Rp1 million through personal devices, including by the diaspora abroad,” said Deni during the EKSYAR Diaspora and Indonesian Students Association (PPI) Webinar on Wednesday (6/5/2026).
The government is offering the Savings Sukuk series ST016 with returns of around 6 to 7 percent. The instrument is also subject to lower taxes compared to deposits and is guaranteed by the state, making it relatively safe for retail investors.
Professor of Sharia Accounting at Universitas Tazkia, Murniati Mukhlisin, stated that sharia investments can serve as instruments to build family financial resilience gradually.
She advised the public to start setting aside a portion of their regular income for investments. “At least 10 percent of monthly income should be allocated for investments. If there are no debt instalments, it can be up to 40 percent,” said Murniati.
According to her, sukuk instruments are now also increasingly developing, including green sukuk and Cash Waqf Linked Sukuk (CWLS), which combine investment aspects and social impact.
Secretary General of the Indonesian Islamic Economics Experts Association (IAEI), Sutan Emir Hidayat, assessed that the Indonesian diaspora has great potential to expand the national sharia investment market. In addition to having financial capabilities, the diaspora is seen as able to help strengthen global investor confidence in Indonesia.
However, Coordinator of the World PPI, Andika Ibrahim Nasution, stated that interest among the diaspora in sharia investments still needs to be increased. According to him, many in the diaspora are already familiar with Indonesia’s sharia economy, but have not yet been motivated to participate in investments.
Therefore, promotion of sharia investment products is deemed necessary to be made simpler and closer to the younger generation so that it is not only seen as a domestic product, but also as a global investment opportunity.
Before ST016, the government had issued Retail State Bonds (ORI) series ORI029 in January-February 2026 and Retail Sukuk series SR024 in March-April 2026.