www.depkeu.go.id - Jakarta, 20/6/2012 MoF(Fiscal) News - Opening the International Conference on
Islamic Capital Market in Jakarta on Tuesday, Vice Minister of Finance I Anny Ratnawati conveyed that the government of Indonesia commits
to develop Sharia financial industry as a part of
national economic development. This commitment is reflected in the development
of Islamic investment products (State Islamic Securities/Sukuk),
which are periodically issued by the government through Ministry of Finance.
She explained, the development of Sharia
investment products is higher than the conventional ones since the issuance of
law and regulations related to the Islamic financial industry in 2008. “The
amount of sukuk issued by the government on December
31, 2008 was only USD429 million. Yet, it increased by 1.898 percent to USD8.57
billion on December 31, 2011,” she said. Meanwhile, the amount of the
government bonds increased of around 49 percent from USD82.35 billion to
USD122.40 billion in the same period. Therefore, she welcomed investors’
enthusiasm in each Sharia investment product issued. (source)
Anny explained, there are some things to be considered by the government
in issuing Sharia investment products. First,
diversify the investor base. Second, create alternative instrument for Sharia investment that qualify both for domestic and
foreign investment. Third, diversify financing sources in terms of improving
flexibility for the government’s long term financing strategy. Fourth,
stipulate Sharia-based instrument reference in
domestic market as well as international market. The last, stimulate
sustainable growth in Sharia-based financial industry
in Indonesia.
Source: http://www.depkeu.go.id/Eng/Read/?type=ixNews&id=23830&thn=2012&name=en_20062012_4.htm - June 20, 2012
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