Strategi Pengembangan Sukuk Ritel Korporasi di Indonesia

The growth of corporate sukuk in Indonesia is still very low. This is indicated by the development of the rate of outstanding corporate sukuk that is not comparable with the performance of outstanding bonds or market potential. whereas the market potential is very high; The sukuk development strategy is oriented to the perspective of each actor, both underwriters, investors, and issuers who have issued sukuk or not. The policy priorities of the four are as follows: First, the underwriter perspective, the order of priority policies are: (i) creating a conducive sukuk market; (ii) regulations must be clear in regulating the level of competition in sukuk underwriting; (ii) there is clarity regarding tax regulations on sukuk; and (iv) there must be policy incentives in encouraging the level of demand; Second, the investor perspective, the order of priority policies are: (i) there must be clarity on tax laws and regulations on sukuk; (ii) the existence of regulations that can develop variations in contracts and sukuk structures; and (iii) the existence of regulations that can disseminate Islamic capital market information to investors; Third, the issuers' perspectives that have issued sukuk, the order of priority policies are: (i) the government must be able to create incentives for companies to issue sukuk; and (ii) the existence of clear taxation treatment clarity; and Fourth, the perspective of issuers that have not issued sukuk, the priority of its policies is the clarity of the conditions of the Islamic financial market industry through regulations and models of socialization and education