The Minister of Finance (“ Minister ”) has updated provisions which address retail state sharia securities (Surat Berharga Syariah Negara/Sukuk Negara Ritel– “ Retail SBSN ”)through the issuance of Regulation on the Issuance and Sale of Retail State Sharia Securities through the Domestic Primary Market (“ Regulation 125/2018 ”).In essence, Regulation 125/2018 compiles various provisions relating to Retail SBSN which were originally addressed under the following regulations: [1]
Issuance and Sale of State Sharia Securities Redefined
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