Sharia Finance Milestone: BRI-MI Brings First Islamic Asset-Backed Securities to IDX

Reporter: Yudho Winarto | Editor: Yudho Winarto

STOCK MARKET - JAKARTA. Indonesia’s Islamic finance market reached a major milestone as PT BRI Manajemen Investasi (BRI-MI) listed the nation’s first Sharia Asset Backed Securities of Collective Investment Contract (hereinafter referred as KIK-EBA Syariah) on the Indonesia Stock Exchange (IDX), marking a significant step in the significant development of transparable and sustainable investment instruments.

The product, named KIK EBA Syariah BRI-MI Jakarta Lingkar Baratsatu (BJLB1), represents a significant breakthrough in advancing Sharia asset based investments within the capital market and underscores the growing investor appetite for innovative, alternative investment instruments rooted in Islamic principles.

This historic milestone was witnessed firsthand by capital market authorities, including I Made Bagus Tirthayatra, Executive Director of the Capital Market Licensing Department at the Financial Services Authority (OJK), and I Gede Nyoman Yetna, Director of Company Valuation at the Indonesia Stock Exchange (IDX).

The event was also attended by representatives from the Indonesia Stock Exchange, along with strategic partners including PT Jakarta Lingkar Baratsatu (JLB) as the Originator, Maybank Indonesia as the Custodian Bank, PT Bank Rakyat Indonesia (Persero) Tbk as the Escrow Agent, and BCA Sekuritas as the Arranger.

Tina Meilina, President Director of BRI Manajemen Investasi, described the listing as a defining moment that reinforces BRI-MI’s role as a pioneer in developing credible and sustainable Sharia based investment instruments.

“The listing of KIK EBA Syariah BRI-MI JLB1 on the exchange today proves that Sharia principles, transparency, and economic value can coexist harmoniously within one credible investment vehicle,” said Tina Meilina, President Director of BRI-MI.

The product marks a transformation in the role of Indonesia’s Islamic capital market, from being an investment alternative to becoming a strategic funding source for national infrastructure development.

With a total issuance value of IDR 1.95 trillion and an AAA rating from Pefindo, BJLB1 stands as a testament to the maturity and reliability of Sharia-compliant financial products in Indonesia.

The launch of KIK EBA Syariah BRI-MI JLB is also expected to catalyze further growth in Indonesia’s Sharia finance sector, which still holds vast potential for expansion.

Through this milestone, BRI Manajemen Investasi reaffirms its commitment to strengthening the national Sharia investment ecosystem and supporting the government’s agenda for inclusive and ethical sustainable financing.