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By Farouk Abdullah Alwyni

Indonesia’s Shariah capital market has entered a new era as a result of Law No.19 2008 about government Shariah bonds, which was enacted on the 7th May 2008. This law is required as a foundation for the issuance of government Sukuk (SBSN). Between then and the 20th September 2012, the government of Indonesia (GOI) has issued sovereign Sukuk amounting to IDR113.55 trillion (US$ 11.95 billion).