INDONESIA - CAPITAL MARKETS - Indonesia aims to auction Islamic bond

in.news.yahoo.com -Jakarta, May 15 (Xinhua-ANI): The Indonesian finance minister plans to auction Islamic bond on May 22, as an effort to develop the market for the Islamic instrument, a statement from the ministry said here on Tuesday.

The sales with indicative target of one trillion rupiah (some 108.45 million U.S. dollar) that would be used to help plug the budget deficit this year.

The sales Indonesia's Islamic bond known as sukuk on April 24, l3, Feb. 23 and Jan. 14 were oversubscribed with the amount of funds raised exceeding target, indicating investors' appetite on the country's Islamic instrument continues rising. (source)

INDONESIA - CAPITAL MARKETS - Indonesia cbank plans to allow sukuk for reverse repo

sg.finance.yahoo.com - JAKARTA, Dec 5 (Reuters) - Indonesia's central bank plans to allow the trade of sharia bonds for its reverse repo operations, deputy governor Halim Alamsyah said on Monday, in a move aimed at deepening the local sukuk market.

Bank Indonesia is now drafting the rules, which may be effective next year, Alamsyah told Reuters. The central bank's reverse repo operations are aimed at absorbing excess liquidity from the financial system.

Indonesia has the world's largest Muslim population, yet it lags neighbour Malaysia in attracting foreign investors into the local sukuk market, which is dominated by local banks and insurance firms. (source)

INDONESIA - EVENTS - High level conference - RAJA NAZRIN: Indonesian and Malaysian financial centers can look into products for lower income groups

JAKARTA, July 18 (Bernama) – The Indonesian and Malaysian Islamic financial centres can look into developing productive Syariah-based instruments such as micro-financing tools, incorporating Qardhul Hassan (or benevolent loans), Zakat and Sadaqah to channel financing to and facilitating the economic participation of the lower income groups, said the Raja Muda of Perak, Raja Dr Nazrin Shah. (source)

CAPITAL MARKETS - Indonesia's fin ministry delays sales of sukuk to June 28

JAKARTA, May 24 (Reuters) - Indonesia's finance ministry has delayed the sale of its first project-based sukuk to June 28 from May 31, a senior debt official said on Tuesday. 

He said the ministry would revise the schedule for sukuk auctions and published it immediately. (Reporting by Adriana Nina Kusuma; Editing by Nick Macfie)(full story - yahoo news)

CAPITAL MARKETS - Indonesia raises 500 bln rph in sukuk auction, yield up

 JAKARTA, April 26 (Reuters) - Indonesia's finance ministry on Tuesday sold 500 billion rupiah ($58 million) of 25-year sukuk in an auction, as targeted, to help cover this year's state budget deficit. 

The 25-year sukuk yield rose to 9.42064 percent, from 9.25 percent in the previous auction early this month. The ministry received total offers of 1.703 trillion rupiah. (full story)