JAKARTA: Several Islamic banks are targeting Islamic bonds (sukuk) issued by government and privates to boost their investment portfolio in bonds in order to manage short and medium term liquidity excess.
One of the banks planning in increase sukuk investment is PT Bank Negara Indonesia Syariah (BNI syariah). The company targets an increase of sukuk investment by 40% from the current amount of IDR1.1 trillion.
PT Bank Bukopin Tbk subsidiary, PT Bank Syariah Bukopin also plans to increase sukuk portfolio up to IDR50 billion from the current amount of IDR10 billion.
Meanwhile, PT Bank Syariah Mandiri has bonds portfolio amounted as much as IDR7 trillion at the end of 2011 and approximately IDR5 trillion are idle funds placed in central bank. (T07/aph)