Jasindo Syariah Prioritizes SBSN and Corporate Sukuk for 2026 Investment Strategy

Strategic Shift in Investment Portfolio

PT Asuransi Jasindo Syariah is strategically adjusting its investment approach for 2026, with a heightened focus on Surat Berharga Syariah Negara (SBSN) and high-quality corporate sukuk. According to Wahyudi, Secretary of Jasindo Syariah, these instruments offer a balanced mix of security, Shariah compliance, and stable returns, making them ideal for supporting the company's long-term financial obligations.

Rationale Behind Investment Choices

The decision to prioritize SBSN and corporate sukuk is driven by their low volatility and predictable returns. Wahyudi emphasized that these instruments are favored due to their ability to provide a stable income stream while maintaining compliance with Shariah principles. The company is also maintaining a measured allocation to Shariah-compliant deposits and money market funds to ensure liquidity and flexibility in responding to market dynamics.

Industry Context and Trends

The Financial Services Authority (OJK) reported that as of October 2025, the investment performance of Shariah insurance and reinsurance companies reached Rp2.73 trillion, representing 13.8% of their average total investments for the year. Ogi Prastomiyono, OJK's Executive Head of Insurance, Pension Funds, and Guarantee Supervision, revealed that SBSN dominated the investment portfolio at 43.0%, followed by stocks (19.2%), deposits (16.6%), mutual funds (12.1%), and corporate sukuk (8.8%).

Expert Insights

Erwin Noekman, a Shariah insurance expert, noted that SBSN remains a preferred investment instrument in the insurance industry due to its attractive returns and relative security. He contrasted this with stock investments, which are considered more volatile and susceptible to macroeconomic and political uncertainties.

Implications for Jasindo Syariah

By focusing on SBSN and corporate sukuk, Jasindo Syariah aims to achieve a balanced investment portfolio that aligns with its risk management framework. This strategy is expected to support the company's financial stability and ability to meet its long-term obligations while adhering to Shariah principles.