Telkom University Invests Rp 11.5 Billion in Sukuk with Indonesian Waqf Board

Telkom University's Endowment Fund Directorate has partnered with the Indonesian Waqf Board (BWI) to invest Rp 11.5 billion in Sharia-compliant State Islamic Securities (Sukuk). This investment utilizes funds from the university's 2026 endowment, which has reached Rp 57.5 billion.

Telkom University Rector Prof. Suyanto stated that the collaboration with BWI and the sukuk investment are designed to bolster the institution's financial independence. The goal is also to broaden the sustainable impact of education through secure, transparent, and accountable fund management. The investment has received approval from the Board of Directors of the Telkom Education Foundation's Endowment Fund and adheres to prudent principles. Suyanto believes this portfolio rebalancing is projected to significantly increase investment income.

"Initially, Telkom University is placing funds of Rp 11.5 billion into the Sukuk Negara Private Placement instrument through a partnership with the Indonesian Waqf Board," Suyanto said. He noted that SBSN instruments offer a competitive estimated yield ranging from 6.5% to 6.9% annually. With this investment strategy, Telkom University targets a net investment return of up to Rp 2.5 billion by the end of 2026.

The essence of an endowment fund, Suyanto explained, lies not only in accumulating funds but also in its ability to grow and benefit society. From 2017 to 2026, Telkom University's endowment fund has distributed Rp 2.13 billion to 4,783 beneficiaries. Approximately 78.6% of these funds were allocated to student scholarships, with the remaining 21.4% supporting lecturer and student research, community service activities, and various social programs involving the academic community.

Looking ahead, the university plans to use the proceeds from the endowment fund to expand scholarship quotas, accelerate research relevant to industry and community needs, and strengthen programs for the development of students, lecturers, staff, alumni, and the campus community.

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Initially, Telkom University is placing funds of Rp 11.5 billion into the Sukuk Negara Private Placement instrument through a partnership with the Indonesian Waqf Board.