In remarks at a forum during the 13th Indonesia Sharia Economic Festival, Bank Indonesia Deputy Governor Solikin M. Juhro outlined a regional strategy to expand financing for productive businesses, particularly micro, small and medium enterprises. The strategy combines Islamic commercial funding with social finance instruments such as zakat and waqf, creating a pathway for businesses that do not yet fully meet bank financing requirements to develop progressively. The approach centers on strengthening Regional Committees for Islamic Economy and Finance, developing end-to-end halal value chains and matching business needs with suitable funding sources. Bank Indonesia’s Productive Synergy, Financing Synergy and Participation Synergy framework supports this work through region-specific sector development, financing connections and broader participation in Islamic financial services. Separately, national and regional authorities updated cross-sector collaboration guidelines in 2026 to integrate Islamic economy development into regional planning. Twenty-seven provinces have included the sector in their long- and medium-term development plans, while 23 have incorporated related indicators into their medium-term plans.
Bank Indonesia outlines blended Islamic finance strategy to expand MSME funding
Bank Indonesia Deputy Governor Solikin M. Juhro outlined a regional strategy that combines Islamic commercial and social finance to expand funding for MSMEs. The approach strengthens regional coordination, halal value chains and links between business needs and financing sources. Updated planning guidelines have helped 27 provinces incorporate Islamic economy development into regional plans.