Jakarta, 28 November 2025 – PT Mandiri Manajemen Investasi (Mandiri Investasi) has entered into a collaboration with PT Mandiri Sekuritas (Mandiri Sekuritas) to prepare for the launch of a Sharia Gold ETF in the first quarter of 2026. The signing of the Memorandum of Understanding (MoU) designates Mandiri Sekuritas as the first Gold ETF Participating Dealer in Indonesia.

This collaboration aims to strengthen the trading ecosystem for the Sharia Gold ETF, making it more liquid, accessible, and affordable for investors. Through Mandiri Sekuritas, investors will be able to trade ETF units similarly to equity transactions on the Indonesia Stock Exchange (IDX).

Mandiri Investasi’s Director, Hardiyanto Pilia, explained that the upcoming ETF will be structured as a collective investment contract backed by physical gold stored in a custodian registered as an LJK Bulion entity. The product will operate in accordance with Sharia principles based on Fatwa DSN MUI No. 163/DSN-MUI/VII/2025. Hardiyanto noted, “This Sharia Gold ETF offers a modern investment solution, as investors will not need to store physical gold. Its units will track domestic or global gold prices and be traded at an affordable cost, making it suitable for all investor segments.”

Mandiri Investasi is optimistic about strong investor interest, aligned with rising demand for gold instruments amid global economic uncertainty. Globally, gold ETFs recorded USD 472 billion AUM as of the end of September 2025, according to the World Gold Council.

Mandiri Sekuritas will manage the creation–redemption process and maintain liquidity through the purchase and sale of physical gold. Mandiri Sekuritas President Director Oki Ramadhana stated that the Sharia Gold ETF will offer competitive spreads, better-managed volatility, and price transparency through regular NAV publication, making it a relevant safe haven and diversification instrument.

Mandiri Investasi targets this product to support the company’s AUM growth in 2026. As of 28 November 2025, the firm manages over IDR 70 trillion across 54 investment products distributed through 43 distribution partners (APERD), including banks, securities firms, fintechs, and Mandiri Investasi’s subsidiary in Singapore.

Strong performance and consistent innovation have also earned Mandiri Investasi awards from Alpha Southeast Asia, Bareksa, and InvestorTrust & Infovesta, reinforcing its position as one of Indonesia’s largest and most trusted investment managers.

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