INDONESIA - CAPITAL MARKETS - Small issuance, new regulations

www.ibpa.co.id - JAKARTA. Aka Islamic sukuk issuance in 2012 also continued to grow. Citing data from the Capital Market and Financial Institutions Supervisory Agency (Bapepam LK), sukuk issued until late July, a total of 52 products, with a value of Rp 9.39 trillion emissions.

A total of 37 new products were classified as ijara sukuk. While the rest is kind of mudaraba sukuk. Etty Retno Wulandari, Bureau Chief Accounting Standards and Disclosure of Bapepam-LK, said that so far this year reached Rp 1.47 trillion.  (source)


In order for the issuance of sukuk greater increase Bapepam LK contract sukuk issuance. More recently, Bapepam-​​LK issued revised rules on the issuance of sukuk KEP-430/BL/2012. Istishna contract or purchase order and contract with musyakarah or equity partnership in the form of cash or in form of assets.

Istishna contract can be used in infrastructure issuers such as the construction of bridges, power plants, real estate and construction.

Penerbitan minim, akad sukuk ditambah

JAKARTA. Penerbitan obligasi syariah alias sukuk di tahun 2012 juga terus bertumbuh. Mengutip data Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam LK), sukuk yang diterbitkan hingga akhir Juli, sebanyak 52 produk, dengan nilai emisi Rp 9,39 triliun.
Sebanyak 37 produk baru itu tergolong sukuk ijarah. Sedangkan sisanya merupakan sukuk jenis mudharabah. Etty Retno Wulandari, Kepala Biro Standar Akutansi dan Keterbukaan Bapepam LK, mengatakan sepanjang tahun ini mencapai Rp 1,47 triliun.
Agar penerbitan sukuk makin besar Bapepam LK menambah akad penerbitan sukuk. Baru-baru ini, Bapepam-LK menerbitkan revisi aturan tentang penerbitan sukuk KEP-430/BL/2012. Akad istishna atau jual beli dengan pemesanan dan akad musyakarah atau kerjasama penyertaan modal baik dalam bentuk uang maupun bentuk aset.
Akad istishna bisa digunakan emiten bidang infrastruktur seperti pembangunan jembatan, pembangkit listrik, real estate dan pembangunan pabrik.

Source:  http://www.ibpa.co.id/News/ArsipBerita/tabid/126/EntryId/4351/Penerbitan-minim-akad-sukuk-ditambah.aspx - Aug 9, 2012 - google translate