BNI Offers Series ST010 Savings Sukuk That Can Be Ordered Via Mobile Banking

Armfalcon.com, JAKARTA — PT Bank Negara Indonesia (Persero) Tbk. or BNI becomes a Distribution Partner of the Ministry of Finance of the Republic of Indonesia to offer Savings Sukuk Series ST010 with an offering period of 12 May to 7 June 2023. ST010 is offered in two tenor options, namely a 2-year tenor (ST010-T2) and a 4-year tenor (ST010-T4) .

BNI Corporate Secretary Okki Rushartomo revealed, the ST010 Series Savings Sukuk are sharia-based investment products issued by the government and offered to individual Indonesian Citizens (WNI) that are safe, easy, affordable, profitable, and in accordance with sharia principles. The Company consistently conducts investment socialization on a regular basis to all customers, including through the issuance of this savings sukuk.

Not only that, BNI also makes it easier for the public to place orders using BNI Mobile Banking and Internet Banking. “Investing in BNI is now easier. The ST010 Series Savings Sukuk can be ordered simply through our digital channel,” he said, in a written statement, Wednesday (24/5/2023).

Okki explained, this product is very affordable with a minimum investment of only IDR 1 million up to a multiple of IDR 1 million with a maximum order value of up to IDR 5 billion for a 2-year tenor and IDR 10 billion for a 4-year tenor. The yields given are also very profitable, namely min. 6.25 percent (floating with floor) for a 2 year tenor and min. 6.40 percent (floating with floor) for a 4 year tenor.

“We see that ST010 is in great demand as a safe and risk-free investment instrument in the market,” said Okki.

Okki added, the government also provided an early redemption facility at ST010 so that investors could disburse funds before they were due at a specified time. The government regulates the early redemption period for ST010-T2 from 24 May – 3 June 2024, while the early redemption period for ST010-T4 is from 26 May – 3 June 2025.

“Of course our outreach program also continues to run to inform retail investors to get investment opportunities in the best state-owned products,” he said.