Jakarta. BNI has partnered with the Finance Ministry to offer ST010 savings sukuk with an offering period of May 12 - June 7.

The ST010 is available in two tenor options, namely a two-year tenor (ST010-T2) and a four-year tenor (ST010-T4).

According to BNI corporate secretary Okki Rushartomo, the ST010 savings sukuk is a Sharia-compliant investment issued by the government. This sukuk is also available for order via BNI Mobile Banking and internet banking.

"Investing in BNI is now easier than ever. You can order the ST010 savings sukuk via our digital channel," Oki was quoted as saying in a recent press statement.

According to Okki, the ST010 saving sukuk is affordable with a minimum investment of Rp 1 million to a multiple of Rp 1 million. The maximum order value stands at Rp 5 billion for a two-year tenor and Rp 10 billion for a four-year tenor. The yields stand at a min. 6.25 percent (floating with the floor) for a two-year tenor and min. 6.40 percent (floating with the floor) for a four-year tenor.

"The ST010 is seen as a very attractive investment instrument that is secure and free of market risks," Okki said.

The government also grants early redemption on ST010. This enables investors to withdraw the funds before the due date.

The early redemption for ST010-T2 will start from May 24 to June 3, 2024. The ST010 early redemption-T4 is slated for May 26 - June 3, 2025.

Click on this link for more information on ST010 savings sukuk.