The Indonesia Financial Services Authority (OJK) published an update on the national Islamic financial services industry, reporting continued growth in assets and market share as of June 2025. Total Islamic finance assets reached IDR 2,972.94 trillion, up 8.21% year on year, representing an 11.47% share of the national financial industry. Islamic banking assets rose 7.83% year on year to IDR 967.33 trillion, outpacing growth in national banking assets (6.40%) and conventional banking assets (6.29%), and lifting Islamic banking’s share of national banking to 7.41%. Sharia capital market assets grew 8.23% to IDR 1,828.25 trillion, while sharia non-bank financial industry (IKNB) assets increased 10.20% to IDR 177.32 trillion. Alongside the performance update, OJK pointed to implementation of its 2023–2027 Islamic banking development roadmap (RP3SI), including development of products such as Cash Waqf Linked Deposit (CWLD), related workshops for Sharia Rural Banks (BPRS) focusing on CWLD and istisna’ financing, and the formation of the Sharia Finance Development Committee (KPKS) under Law No. 4 of 2023 on Financial Sector Development and Strengthening (P2SK).
OJK 2025-09-02
Indonesia Financial Services Authority reports Islamic financial services assets rose 8.21% to IDR 2,972.94 trillion and forms a Sharia Finance Development Committee
The Indonesia Financial Services Authority (OJK) reported growth in the Islamic financial services industry, with assets reaching IDR 2,972.94 trillion as of June 2025, an 8.21% increase year on year. Islamic banking assets rose 7.83% to IDR 967.33 trillion, surpassing national and conventional banking growth rates. OJK highlighted its 2023–2027 Islamic banking development roadmap, including new product development and forming the Sharia Finance Development Committee.