09 September 2025
The year 2025 once again presents an attractive opportunity for the public to invest in Government Securities (SBN). The government, through the Ministry of Finance, will issue the SR023 Retail Sukuk series, which will be offered from August 22 to September 15, 2025. This product comes in two series options in one offering, namely SR023-T3 with a 3-year tenor and a yield of 5.80% and SR023-T5 with a 5-year tenor and a yield of 5.95%.
For individual investors, SR023 provides investment opportunities that are not only safe because they are fully guaranteed by the state, but also in line with sharia principles. With a minimum order value of IDR 1 million, this product is an affordable entry point to strengthen investment portfolios while supporting national development.
Global and domestic economic conditions often experience turbulence, ranging from inflation fluctuations and interest rate changes to capital market uncertainty. In situations like this, many investors seek instruments that provide guaranteed returns.
SR023 addresses this need because:
The return is fixed rate, unaffected by market conditions.
It is safe and guaranteed by the state in accordance with the law.
Returns are paid regularly on the 10th of every month, providing investors with a stable passive income stream.
With these characteristics, SR023 is a low-risk investment instrument that offers competitive returns and can be an alternative with higher potential returns compared to regular deposits.
Despite the promising prospects, some prospective investors often feel hesitant before purchasing SBN, including Retail Sukuk. Some of the things that often come to mind include:
Still confused about what SBN is and how it works.
Feeling that the purchase process will be complicated, even though now everything can be done entirely digitally.
Doubts about whether it complies with sharia principles, even though SR023 is fully managed in accordance with sharia principles.
These doubts often cause some people to delay taking the first step to start investing.
Details |
SR023-T3 |
SR023-T5 |
Offer Period |
August 22 (9:00 AM WIB) to September 15, 2025 (12:00 PM WIB) |
|
Tenor |
3 years |
5 years |
Type of Reward |
Fixed rate |
|
Minimum Purchase |
IDR 1 million |
|
Maximum Purchase |
IDR 5 billion |
IDR 10 billion |
Reward Rate |
5,80% |
5,95% |
Settlement |
September 22, 2025 |
|
First Reward Date |
November 10, 2025 (long coupon) |
|
Reward Payment Date |
On the 10th of every month. If that date is not a working day, payment will be made on the next working day without compensation. |
Complete information about SBN SR023 can be found here.
If you want to understand more about retail sukuk and how to invest in it, you can read the following article: Understanding SBN and How to Invest in It.
Nominal Investment |
Monthly Return* |
Annual Return* |
IDR 10 million |
IDR 43.500,- |
IDR 522.000,- |
IDR 50 million |
IDR 217.500,- |
IDR 2.610.000,- |
IDR 100 million |
IDR 435.000,- |
IDR 5.220.000,- |
IDR 500 million |
IDR 2.175.000,- |
IDR 26.100.000,- |
IDR 1 billion |
IDR 4.350.000,- |
IDR 52.200.000,- |
IDR 5 billion |
IDR 21.750.000,- |
IDR 261.000.000,- |
*)Return after deduction of 10% income tax.
Nominal Investment |
Monthly Return* |
Annual Return* |
IDR 10 million |
IDR 44.625,- |
IDR 535.500,- |
IDR 50 million |
IDR 223.125,- |
IDR 2.677.500,- |
IDR 100 million |
IDR 446.250,- |
IDR 5.355.000,- |
IDR 500 million |
IDR 2.231.250,- |
IDR 26.775.000,- |
IDR 1 billion |
IDR 4.462.500,- |
IDR 53.550.000,- |
IDR 5 billion |
IDR 22.312.500,- |
IDR 267.750.000,- |
IDR 10 billion |
IDR 44.625.000,- |
IDR 535.500.000,- |
*)Return after deduction of 10% income tax.
Return refers to the coupon or reward received periodically by holders of Government Securities (SBN) and/or Government Sharia Securities (SBSN) in accordance with the applicable terms and provisions, amounting to 5.80% for SR023-T3 and 5.95% for SR023-T5.
Now, buying SR023 is no longer complicated. Simply purchase it through the M2U ID App from Maybank Indonesia, and you can invest anytime, anywhere, directly from your smartphone. The process is faster, safer, and more convenient, without the hassle of visiting a branch.
To start investing through the M2U ID App, you can follow these steps:
First, make sure you already have a Maybank Savings/iB Savings account. If not, download the M2U ID App from the Play Store/App Store, then open a savings account online through the app. You can find instructions on how to open a Maybank Savings account through the M2U ID App on this page.
Make sure you already have a SID and e-SBN registered in the Maybank system. If not, please see the complete guide to registering SID and e-SBN via the M2U ID App on this page.
Log in to the M2U ID App and click the yellow ‘+’ button on the account page.
Select ‘SBN’, learn about SBN products on the M2U ID App. Then click ‘Continue’.
Look at the ‘SBN Primary Market’ tab, then select SR023 based on the tenor by swiping left.
Read and understand the product details, then click ‘Buy’ if you are ready to invest, or click ‘Simulation’ first to see the calculations.
Fill in the nominal value of the SBN order, then click ‘Continue’.
Read and check to agree to all terms and conditions, then click ‘Continue’.
Verify the SBN purchase details. Next, enter your Secure2u passcode.
Your SBN order is successful. Click ‘Done’.
You can find complete information here.
Investing in SR023 not only provides financial benefits, but also contributes to building the nation. The funds raised from the sale of Retail Sukuk will be used to finance the state budget and infrastructure projects, ranging from road and bridge construction to other public facilities.
By purchasing SR023 through Maybank, you will not only earn competitive returns but also participate in supporting a better Indonesia.