This fatwa defines a 'Shari'a Bank Indonesia Certificate' (Sertifikat Bank Indonesia Syariah) as a short-term security issued by Bank Indonesia in Indonesian Rupiah, based on shari'a principles. The fatwa states that a Shari'a Bank Indonesia Certificate is used as a monetary control instrument issued to meet open-market operational needs. Bank Indonesia is to provide a dividend to Shari'a Bank Indonesia Certificate-holders pursuant to the relevant contract. Bank Indonesia is also obliged to return Shari'a Bank Indonesia Certificate funds to the holder at the relevant date of maturity. A shari'a bank may hold a Shari'a Bank Indonesia Certificate in order to use the funds that cannot yet be transferred to the real sector.
The fatwa also states that the following contracts may be used to issue a Shari'a Bank Indonesia Certificate: