SUKUK NEGARA SEBAGAI PENDORONG PERTUMBUHAN PASAR KEUANGAN SYARIAH INDONESIA

Abstract

Financiers expect the presence of Sukuk or Islamic State Securities driving growth of Islamic financial markets, especially in Indonesia. In addition, as one of the state budget funds, Sukuk also have a strategic role for the government as a benchmark of Islamic financial instruments. State Sharia Securities (SBSN) or can also be called Sukuk Company will publish SBSN is a company specifically formed for the purpose of publishing this SBSN (special-purpose vehicle SPV). SBSN or Sukuk this state is an instrument of debts without usury as in bonds, in which the Sukuk is issued based on a reference asset in accordance with Islamic principles. Sukuk may be used as an alternative to institutional investors such as banks, pension funds, and insurance also can invest surplus funds that had invested only in stocks, mutual funds, Seritifikat Bank Indonesia (SBI).