Indonesia's Financial Services Authority hosted the Syariah Financial Fair (SYAFIF) Goes to Bandung to broaden public access to and understanding of Islamic financial products and services, alongside sharia financial services providers and the Organizing Committee for the Orchestration of the Sharia Financial Literacy and Inclusion Programme. The event also served as a platform to launch the One Account One Student (KEJAR) programme in Bandung and to continue implementation of the Islamic Financial Inclusion Centre Ecosystem (EPIKS) focused on community-based service agents. SYAFIF Bandung ran on 2–3 August 2025 at Trans Studio Mall and followed earlier SYAFIF events in Tangerang and Palembang, combining product showcases with educational and community activities. OJK’s Executive Head for Financial Services Business Conduct Supervision, Education and Consumer Protection highlighted a rise in Islamic financial literacy from 9% to 43% and called for stronger uptake of Islamic financial products in practice, with coordinated action by regulators, industry, academia, media and local government. West Java was positioned as a 2025 KEJAR pilot area targeting student access to bank accounts, while EPIKS was framed as a way to extend sharia financial services reach via agents rather than new branches, including the inauguration of sharia pawn and financing agents linked to business matching across financing institutions, venture capital companies, microfinance institutions and other financial services institutions. The programme concluded with the signing of a memorandum of understanding between OJK, the West Java Regional Committee for Sharia Economy and Finance, and representatives of the Islamic banking sector to strengthen education and access efforts in West Java.
OJK 2025-08-04
Indonesia's Financial Services Authority takes SYAFIF to Bandung and advances student accounts and agent networks to expand Islamic finance inclusion
Indonesia's Financial Services Authority hosted the Syariah Financial Fair in Bandung to enhance access to Islamic financial products and launched the One Account One Student programme. The event highlighted a rise in Islamic financial literacy from 9% to 43% and emphasized efforts to increase the uptake of Islamic financial products. A memorandum of understanding was signed to strengthen education and access in West Java.