PT BRI Manajemen Investasi (BRI-MI), a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, has made a significant mark by listing its inaugural Sharia Asset-Backed Securities Collective Investment Contract (KIK EBA Syariah) on the Indonesia Stock Exchange (IDX). This pioneering product, named KIK EBA Syariah BRI-MI Jakarta Lingkar Barat Satu (BJLB1), boasts an impressive issuance value of Rp1.95 trillion and has secured a prestigious AAA rating from Pefindo.
The successful listing of BJLB1 is a landmark achievement, establishing it as the first KIK EBA Syariah instrument specifically in the infrastructure sector to be registered in the Indonesian capital market. This marks a new era for Sharia-compliant financing within vital national development.
This momentous launch is poised to significantly bolster the national Islamic investment ecosystem, unequivocally demonstrating the robust and growing interest in investment instruments founded on Sharia principles. Furthermore, the introduction of this product aligns seamlessly with the crucial role of the capital market in providing alternative financing for infrastructure projects. It also directly supports the BRI Group’s strategic objectives to broaden its Sharia-based financial business offerings across Indonesia.
The official listing ceremony, held in the Main Hall of the IDX on Monday, November 10, 2025, was attended by a host of strategic partners crucial to the project’s success. These included PT Jakarta Lingkar Baratsatu (JLB), acting as the originator, Maybank Indonesia, serving as the custodian bank, and BCA Sekuritas, who took on the role of arranger.
Tina Meilina, President Director of BRI Manajemen Investasi, underscored the profound importance of this listing. She affirmed that it represents a critical milestone in fortifying the national Islamic investment landscape.
“The listing of KIK EBA Syariah BRI-MI JLB on the exchange undeniably proves that Sharia principles, transparency, and economic value can harmoniously coexist within a single, credible investment instrument,” Tina stated, highlighting the product’s innovative approach.
She further expressed her conviction that this innovative instrument possesses the potential to accelerate the growth of more inclusive, ethical, and sustainable Islamic financing across Indonesia, paving the way for a more equitable financial future.
The commitment to expanding Sharia-based financial services was previously articulated by Agus Noorsanto, Deputy President Director of BRI, during the Q3 2025 financial performance press conference. He emphasized, “Synergy with our subsidiaries is a vital element that strengthens BRI as a unified entity, enabling us to provide comprehensive financial services and support the achievement of our group’s financial performance.”
Agus elaborated that the strategic integration across various business units is continuously optimizing, driven by the consistently increasing contributions from the group’s subsidiaries, leading to enhanced overall efficiency and impact.
The performance of BRI’s subsidiaries, including BRI-MI, continues to demonstrate a remarkably positive trend. By the end of Q3 2025, the total assets of these subsidiaries experienced a robust 15.0% year-on-year growth, reaching an impressive Rp244.5 trillion. Concurrently, their net profit surged by an outstanding 27.6% year-on-year, totaling Rp8.2 trillion. These stellar achievements mean that subsidiary assets now contribute 11.5% to BRI’s consolidated figures, while their profit contribution stands at a substantial 19.9%, underscoring their integral role in the group’s overall success.
Summary
PT BRI Manajemen Investasi (BRI-MI), a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, has launched Indonesia’s first Sharia Asset-Backed Securities Collective Investment Contract (KIK EBA Syariah) for the infrastructure sector. Named KIK EBA Syariah BRI-MI Jakarta Lingkar Barat Satu (BJLB1), this pioneering product has an issuance value of Rp1.95 trillion and an AAA rating. Its introduction aims to significantly bolster the national Islamic investment ecosystem and offer alternative financing for vital infrastructure projects. This initiative also supports the BRI Group’s strategic goal of expanding its Sharia-based financial services across the country.
The successful listing, achieved with strategic partners including PT Jakarta Lingkar Baratsatu as originator, marks a crucial milestone for Islamic investment. BRI-MI’s President Director, Tina Meilina, emphasized its potential to accelerate inclusive and sustainable Islamic financing in Indonesia. This effort is part of BRI’s broader strategy to leverage subsidiary synergy for comprehensive financial services. By Q3 2025, BRI’s subsidiaries collectively demonstrated strong performance, with total assets growing 15.0% to Rp244.5 trillion and net profit surging 27.6% to Rp8.2 trillion.
