Indonesia's Financial Services Authority (OJK) held a second meeting with representatives of lenders to Dana Syariah Indonesia (DSI) to review progress on the repayment of lender funds and promised returns, following consumer complaints about delayed payments. The update also recapped supervisory and enforcement steps taken against PT Dana Syariah Indonesia, including elevating the firm to special supervision, launching a special examination, and coordinating with the Financial Transaction Reports and Analysis Center (PPATK) to trace transactions, which has resulted in the blocking of DSI accounts. The meeting in Jakarta involved six representatives of the DSI lender association. OJK previously facilitated a meeting on 28 October 2025 between lender representatives and DSI’s chief executive, who committed to a phased repayment plan and to preparing a resolution plan involving lenders for submission to OJK. As part of its supervision, OJK issued a written instruction on 10 December 2025 to DSI’s directors, commissioners, Sharia Supervisory Board, and shareholders requiring fulfilment of lender settlement obligations and a clear, measurable action plan with a defined timeframe, and reported issuing 15 supervisory sanctions. OJK also imposed a business activity restriction (PKU) from 15 October 2025, banning new fundraising from lenders and new financing to borrowers, restricting asset transfers without OJK approval (subject to limited exceptions), limiting changes to key governance and ownership positions, and requiring DSI to keep operating, maintain complaint channels, and handle lender complaints.

Original source View in tracker