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REPUBLIKA.CO.ID, JAKARTA -- The Financial Services Authority (OJK) continues to record positive growth in the Islamic finance industry with a double-digit increase in assets. The number of sharia financial assets as of August 2025 reached IDR 3,050,9 trillion.
“The total assets of the Islamic finance industry increased by 11.3 percent year on year (yoy) to Rp3,050 trillion more,” said the Chief Executive Officer of OJK Financial Services Business Conduct, Education, and Consumer Protection Supervisor, Friderica Widyasari Dewi, or Kiki, at the Financial Expo and Sharia Seminar (EKSIS) at Lippo Mall Nusantara, Jakarta, Thursday (6/11/2025).
The breakdown is that in sharia banking, the total assets are recorded at IDR 975.9 trillion. Then in the sharia capital market, the amount of assets reached Rp1,896.2 trillion, and in the non-bank financial industry (IKNB) sharia amounted to Rp178.7 trillion.
Kiki said it was committed to continuing to encourage the development and strengthening of the sharia finance industry, given that the industry's market share still stands at around 11 percent, compared to conventional finance which dominates at about 89 percent.
In addition, the literacy rate and financial inclusion of Sharia also still needs to be improved, with figures of 43.42 percent and 13.41 percent, respectively. That figure is much lower than conventional financial literacy and inclusion rates of 66.46 per cent and 80.51 per cent, respectively.
Efforts to promote the strengthening of the sharia finance industry are the focus of OJK because of its great role in creating economic equalization of ummah in accordance with Sharia principles.
“Sharia finance provides many benefits. Of course economic equalization, in accordance with the vision and mission of Mr. President to restore society. There are sharia financial instruments such as zakat, infak, and alms that can make the distribution of wealth to overcome disparities,” he said.
According to Global Islamic Economy Indicator (GIEI) data 2024/2025, Indonesia's sharia finance industry ranks 6th in the world, below Malaysia and Middle East countries. Now Indonesia is working its way up the ladder to become the world's sharia financial center.
