Sukuk as an Alternative Halal Investment, Outstanding Value Continues to Grow

REPUBLIKA.CO.ID, JAKARTA — Sukuk instruments are increasingly becoming a popular choice for halal investments in the national financial market. Amidst fluctuations in the stock market, interest in Sharia-based securities continues to rise.

Data from the Indonesia Stock Exchange (IDX) up to December 2025 shows that the number of government sukuk series reached 96, while corporate sukuk recorded 293 series. The outstanding value of sukuk has also continued to increase in recent years, both issued by the government and private entities.

Vice Director of Sharia Capital Market at the IDX, Irwan Abdalloh, said that the growth trend of sukuk indicates increasing investor confidence. “Sukuk is no longer a marginal alternative instrument. It has become an important part of the Sharia capital market ecosystem,” said Irwan during an online Capital Market Journalist Education event on Thursday (February 26, 2026).

According to him, the asset-based nature of sukuk and the use of Sharia-compliant contracts make it attractive to investors who avoid interest and excessive speculation. On the other hand, the relatively stable returns are an added attraction, especially for investors with a moderate risk profile.