BRI's Investment Management Arm Achieves Milestone with First Shariah-Compliant EBA Listing

Historic Listing on Indonesia Stock Exchange

PT BRI Manajemen Investasi (BRI-MI), a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, has made history by listing the first Shariah-compliant Collective Investment Contract Asset-Backed Securities (KIK EBA Syariah) on the Indonesia Stock Exchange (IDX). The issuance, valued at Rp 1.95 trillion, received a AAA rating from Pefindo, demonstrating strong market confidence in the instrument.

Strategic Significance

The new financial instrument, named KIK EBA Syariah BRI-MI Jakarta Lingkar Barat Satu (BJLB1), represents a significant milestone in developing Shariah investment products in Indonesia's capital market. BRI-MI's CEO, Tina Meilina, emphasized that this listing proves that Shariah principles, transparency, and economic value can be integrated into a credible investment instrument. The successful listing is expected to accelerate the growth of Shariah finance in Indonesia, which still has considerable expansion potential.

Industry Impact and Future Prospects

The listing ceremony, held at the IDX Main Hall on November 10, 2025, was attended by representatives from various 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 Trustee. This collaboration demonstrates the strong ecosystem supporting Shariah financial products in Indonesia.

BRI Group's Strategic Commitment

The successful listing aligns with BRI Group's strategy to expand integrated financial services across all segments and strengthen synergy among group entities. Agus Noorsanto, BRI's Deputy President Director, previously highlighted the importance of synergy with subsidiary companies in enhancing BRI's overall financial performance. As of Q3 2025, BRI's subsidiaries, including BRI-MI, have shown impressive performance, with total assets growing 15.0% YoY to Rp 244.5 trillion and net profit increasing 27.6% YoY to Rp 8.2 trillion.

Conclusion

The listing of KIK EBA Syariah BRI-MI JLB not only marks a significant achievement for BRI Group but also paves the way for further development of Shariah-compliant financial instruments in Indonesia. It demonstrates the group's commitment to supporting sustainable and inclusive financing solutions while enhancing its market position in the Islamic finance sector.