Eitss.. Savings Sukuk Cuan Is Far From This Investment

Jakarta, Armfalcon.com – Good news for those of you who want to find investment instruments with fixed returns per month, because the Indonesian government will issue them Sukuk Savings Series ST010T2 and Retail Green Sukuk – Savings Sukuk Series ST010T4.

But wait, there are other investment instruments that also generate fixed income and are easy to buy.

SAs is known, the ST010T2 series has a 2-year tenor with a yield of 6.25%, while the ST010T4 series has a four-year tenor with a yield of 6.40% with a four-year tenor. The two securities have an early redemption feature in which investors can make withdrawals before maturity.

One thing that is quite interesting is that the type of coupon for the two series is floating with a minimum coupon based on the BI 7-Day (Reserve) Repo Rate. That means, when there is an increase in interest rates, the yield on these two sukuk will also increase.

Even though they look quite attractive, the returns on these two investment instruments are still inferior to those of digital bank deposits. Deposits offered by digital banks can generate profits of up to 8% a year.

But before you decide to place funds in the deposit, know a few things below.

If the digital bank deposit interest is too high, it is not guaranteed by LPS

As is known, the principal investment as well as the yield on State Sharia Securities (SBSN), including retail sukuk, are guaranteed by the state. These are listed in UU no. 24 of 2008 concerning State Sharia Securities.

Unfortunately, deposits are not necessarily guaranteed by the Deposit Insurance Agency (LPS). This is because everything depends on the interest rate offered by these deposits.

If the deposit offered has an interest rate above the LPS Guarantee Interest Rate, then the deposit will not be guaranteed.

The LPS Guarantee Interest Rate for Commercial Banks for the period March 1 2023 to May 31 2023 is 4.25% (Rupiah) and 2.25% (Foreign Currency).

The final deposit tax is higher

The final tax on yields from sukuk is 10%, while the final tax on deposit interest is 20%. This of course will greatly affect the amount of returns received by investors.

The initial capital for digital bank deposits is smaller

If the minimum SBSN investment is IDR 1 million, digital bank deposits can start with IDR 100,000.

In fact, the minimum investment amount for this one is not a significant advantage because these two instruments are instruments whose investment process is carried out on a lump sum or one-time basis, not periodically like mutual funds.

Investing with small capital in SBSN or digital bank deposits will certainly not provide significant benefits for your finances.

Digital bank deposits are not sharia instruments

For those of you who are looking for sharia investment instruments, then ST010T2 and ST010T4 are the solution because the management Sharia-based government securities according to the fatwa of the MUI National Sharia Council (Fatwa no. 69/DSN-MUI/VI/2008). Thus, there are no elements of usury, maysir (gambling), and gharar (obscurity).

Meanwhile, digital bank deposits are conventional bank financial products in general, which are certainly not managed according to sharia principles.

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