Sukuk Tabungan ST017: Sharia Investment, Guaranteed by the Government

Getting to Know ST017

Sukuk Tabungan (Savings Sukuk) series ST017 is now open for orders. ST017 is a retail Government Sharia Security (SBSN) for individual Indonesian citizens, issued by the Government of the Republic of Indonesia through the Ministry of Finance (Kemenkeu).
ST017 complies with sharia principles, is guaranteed by the government, and pays monthly returns starting 10 January 2027. It can be an option if you are looking for a sharia investment with regular income over the medium term.

Why Choose ST017?

• Sharia compliant. Uses a Wakalah contract with state assets as the underlying, and has been declared sharia compliant by DSN-MUI.
• Guaranteed by the government. Principal and return payments are guaranteed by the government under Law No. 19 of 2008 on SBSN.
• Returns may increase. Returns follow the BI Rate, but will not fall below the minimum floor.
• Affordable. Orders start from Rp1 million, with returns paid every month.
• Help build the nation. ST017 is based on State-Owned Assets (Barang Milik Negara) and 2026 State Budget (APBN) projects.

ST017 at a Glance

• Issuer: Government of the Republic of Indonesia through the Ministry of Finance (Kemenkeu).
• Investors: Individual Indonesian citizens.
• Contract: Wakalah.
• Underlying assets: State-Owned Assets (Barang Milik Negara) and 2026 State Budget (APBN) projects.
• Series and tenor: ST017T2 (2 years) and ST017T4 (4 years).
• Minimum annual return: ST017T2 6.95%; ST017T4 7.05%.
• Return scheme: floating with floor.
• Return reset: every 11 February, 11 May, 11 August, and 11 November.
• Return payment: on the 10th of every month, starting 10 January 2027. If the date falls on a non-business day, payment is made on the next business day.
• Minimum order: Rp1 million, in multiples of Rp1 million.
• Maximum order: Rp5 billion for ST017T2 and Rp10 billion for ST017T4.
• Tax: 10% on returns.

Key Dates

• Offering period: 6 November–2 December 2026.
• Allotment date: 7 December 2026.
• Settlement: 9 December 2026.
• ST017T2 maturity: 10 November 2028.
• ST017T4 maturity: 10 November 2030.
• ST017T2 early redemption window: 27 October–3 November 2027.
• ST017T4 early redemption window: 27 October–3 November 2028.

How Do ST017 Returns Work?

ST017 uses a floating with floor return mechanism. The first-period return is set at the BI Rate plus a spread. The spread stays fixed until maturity, while the first-period return becomes the minimum floor.
After that, the return is reset every 3 months, on 11 February, 11 May, 11 August, and 11 November, following the BI Rate.
• If the BI Rate rises: ST017 returns may rise in the next reset period.
• If the BI Rate falls: returns will not go below the floor set at issuance, which is 6.95% for ST017T2 and 7.05% for ST017T4.

Already Own SBR015? Complete It with the Sharia Version

ST017 works much like SBR015: floating returns with a floor, paid monthly, and non-tradable. The difference is that ST017 is based on sharia principles. ST017 order limits are separate from SBR015, so you can hold both.

How to Order ST017

Click the “View ST017 Offering” button to open the FUNDtastic+ order page.
Log in or sign up, then complete your personal details.
Choose ST017T2 or ST017T4, then enter your order amount.
Make the payment using the billing code before the stated deadline.
After settlement on 9 December 2026, your ST017 holdings will appear in Bond Portfolio on the Mirae Asset app.

Learn more: ST017 Ordering Guide

What You Need to Know

• Liquidity risk. ST017 cannot be traded on the secondary market or transferred. Redemption before maturity is only possible through early redemption, up to 50%, during the submission window of 27 October–3 November 2027 for ST017T2 or 27 October–3 November 2028 for ST017T4.
• Returns may change. Returns are reset every 3 months following the BI Rate, but never below the floor.
• Tax on returns. Returns are subject to 10% tax.

Frequently Asked Questions

Who can buy ST017?

Individual Indonesian citizens.

What is the minimum order for ST017?

Starting from Rp1 million, in multiples of Rp1 million.

When are returns paid?

On the 10th of every month, starting 10 January 2027. If the date falls on a non-business day, payment is made on the next business day.

When will ST017 appear in my portfolio?

The allotment is set on 7 December 2026, with settlement on 9 December 2026. After settlement, ST017 will appear in Bond Portfolio on the Mirae Asset app.

Can I redeem ST017 before maturity?

Partially, up to 50%, through early redemption. The submission window is 27 October–3 November 2027 for ST017T2 and 27 October–3 November 2028 for ST017T4.

What is the difference between ST017 and SBR015?

The mechanism is similar, but ST017 is based on sharia principles with a Wakalah contract.