Indonesia’s Financial Services Authority (OJK) reported that Islamic finance assets reached approximately IDR 3,231 trillion in August 2026, up 8.19% annually and representing 11.16% of total financial sector assets. At the annual meeting jointly organized with the National Sharia Board of the Indonesian Ulema Council (DSN-MUI), OJK Board of Commissioners Chair Friderica Widyasari Dewi reviewed priorities for expanding the industry and strengthening Sharia supervision. Islamic capital market assets accounted for approximately IDR 1,942 trillion, Islamic banking for IDR 1,089 trillion and Islamic nonbank finance for IDR 199.7 trillion. The policy focus remains on strengthening industry structure, diversifying products and services, widening inclusion and integrating the Islamic financial and economic ecosystem. This is consistent with OJK’s earlier inclusion of Islamic finance development with DSN-MUI among its 2026 priorities. Supporting regulatory work covers Islamic banking investment products, Islamic gold exchange-traded funds and electronic offerings of debt securities and sukuk. OJK is also developing studies on Sharia principles for digital financial assets, an Islamic digital financial asset taxonomy and sukuk tokenization with the Ministry of Finance. Identified constraints include uneven institutional capacity and resilience, limited product differentiation and data-driven innovation, and workforce skills. Friderica emphasized the role of Sharia supervisory boards in safeguarding compliance and supporting product innovation. DSN-MUI Chair M. Cholil Nafis stressed that Sharia supervision and regulatory compliance oversight must operate together, with product development taking account of business activities and risks. The 2026 national survey recorded Islamic financial literacy at 43.07% and inclusion at 13.24%, compared with national rates of 69.57% and 93.61%, respectively, underscoring the gap addressed by OJK’s inclusion efforts.
Indonesia’s Financial Services Authority reports 8.19% growth in Islamic finance assets and reviews inclusion and supervisory priorities
Indonesia’s Financial Services Authority reported Islamic finance assets of approximately IDR 3,231 trillion in August 2026, up 8.19% annually and equivalent to 11.16% of financial sector assets. At its annual meeting with the National Sharia Board of the Indonesian Ulema Council, Chair Friderica Widyasari Dewi reviewed ongoing priorities for industry structure, product innovation, inclusion and ecosystem integration. Islamic financial inclusion stood at 13.24%, while discussions emphasized aligning Sharia supervision with regulatory compliance.