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By Farouk Abdullah Alwyni

The Government of Indonesia launched its fi rst project-based retail Sukuk on the 8th February. The government set a target of IDR15 trillion (US$1.55 billion) through the issuance of this Sukuk, known by its Indonesian abbreviation as ‘SR-005’. The off ering period for the Sukuk is the 8th-22nd February. The result of the sales of the Sukuk will be announced on the 25th February and the Sukuk will be issued on the 27th February and listed on the Indonesian stock exchange on the 28th February.