Bank Indonesia (BI) considers strengthening connectivity between the\nhalal industry and sharia finance to be key to expanding financing\naccess for corporates, particularly to support competitive, innovative,\nand sustainable investment and business expansion.<\/p>\n
BI Acting Governor Destry Damayanti said the effort also strengthens\nthe contribution of the halal industry and sharia finance to national\neconomic growth.<\/p>\n
Destry conveyed this at the Strategic Forum on Sharia Financing for\nCorporate Expansion themed \u201cUnlocking Corporate Growth Through Sharia\nFinance\u201d in Jakarta on Wednesday, 12 August 2026.<\/p>\n
\u201cSharia financing needs to become a strategic and competitive choice\nfor corporate investment and expansion. To that end, it is necessary to\nbuild a bankable, measurable, and sustainable financing pipeline,\nstrengthen sharia financial market deepening and intermediation, as well\nas collaboration between corporates, the sharia financial industry,\nregulators, ministries\/institutions, and associations,\u201d Destry said in\nher statement.<\/p>\n
Destry also emphasised the importance of expanding capacity and\ninnovation in financing instruments, as well as strengthening\ngovernance, risk management, and monitoring to bolster corporate\nfinancing.<\/p>\n
At the same occasion, Head of the Sharia Economy Agency at KADIN\nIndonesia, Titi Khoiriah, highlighted the importance of long-term sharia\nfinancing with appropriate schemes and tenors to support corporate\nexpansion.<\/p>\n
In line with that, Head of Business Relations at Asbisindo and Deputy\nPresident Director of Bank Syariah Indonesia, Bob Tyasika Ananta,\nstressed the importance of an ecosystem-based approach connecting\ncorporates with their supply chains.<\/p>\n
According to him, this approach enables sharia banking to expand\nworking capital financing while building long-term relationships with\nthe business community.<\/p>\n
The momentum for expanding sharia financing is supported by the\nindustry\u2019s continuously improving performance. In June 2026, sharia\nbanking financing reached Rp720 trillion, growing 11.43 percent year on\nyear (yoy).<\/p>\n
Meanwhile, Third-Party Funds (DPK) reached Rp816 trillion, growing\n13.13 percent (yoy). On the business side, in the same period, the halal\nsupply chain grew 5.5 percent and outstanding corporate sukuk reached\napproximately Rp95 trillion.<\/p>\n
These developments open up increasingly larger space for sharia\nfinancing to support productive investment and real sector\nexpansion.<\/p>\n
BI Reveals Indonesia\u2019s Sharia Economic and Financial Potential<\/p>\n
BI revealed that the domestic economy and finance have positive\npotential after achieving impressive growth in 2025.<\/p>\n
Indonesia is further strengthening its position as one of the world\u2019s\nsharia economic and financial centres. This is evidenced by the State of\nthe Global Islamic Economy (SGIE) Report 2025\/2026, in which Indonesia\nranked fourth globally.<\/p>\n
In addition, Indonesia also achieved first place in the modest\nfashion sector, second place in the Muslim-friendly tourism sector, and\nthird place in the halal food sector.<\/p>\n
\u201cThe potential for developing Indonesia\u2019s sharia economy and finance\nremains very large, supported by an inclusive, sustainable, equitable,\nand stable sharia economic concept,\u201d said BI Senior Deputy Governor\nDestry Damayanti.<\/p>\n
Destry conveyed this at the 2026 Sharia Economy Festival (FESyar) for\nEastern Indonesia (KTI) in Mataram, West Nusa Tenggara (NTB) on Friday,\n10 July 2026.<\/p>\n
Destry affirmed that inter-agency synergy needs to be continuously\nstrengthened to drive the development of the sharia economy and\nfinance.<\/p>\n
Indonesia\u2019s sharia economic performance continues to show a positive\ntrend, reflected in growth of 6.21 percent year on year (yoy) in 2025,\nsupported by acceleration in the Halal Value Chain sector.<\/p>\n
Sharia banking performance also remains solid, reflected in financing\ngrowing 10.42 percent (yoy) to Rp709 trillion and Third-Party Funds\n(DPK) increasing 11.75 percent (yoy) to Rp792 trillion as of May 2026,\nas well as an increase in the sharia economic literacy index to 50.18\npercent.<\/p>\n
\u201cThrough FESyar KTI 2026, Bank Indonesia is targeting concrete\nachievements that have a real impact on the community,\u201d Destry said.<\/p>\n
In terms of financing access, Bank Indonesia is targeting sharia\nfinancing distribution of Rp11 billion and turnover of sharia\nMSMEs\/business actors of Rp1.5 billion.<\/p>\n
Furthermore, in terms of literacy and education, enthusiasm is\nreflected in 3,223 registrants for the National Sharia Economics\nOlympiad (OESN), or 124 percent of the 2,600 registrant target.<\/p>\n
Halal Ecosystem Strengthened, Indonesia Targets Global Market\nOpportunities<\/p>\n
On the other hand, the halal industry continues to be strengthened as\none of the strategic sectors playing a role in enhancing the\ncompetitiveness of Indonesian industry in the global market.<\/p>\n
Deputy Minister of Industry Faisol Riza said the halal industry has\nan important role in supporting national economic growth while\nstrengthening Indonesia\u2019s position in the Global Islamic Economy\nIndicator (GIEI).<\/p>\n
\u201cWe continue to accelerate the strengthening of the national halal\nvalue chain through upstream-to-downstream industry development, halal\ncertification facilitation, strengthening halal industry infrastructure,\nand synergy with various stakeholders. This step serves as a foundation\nfor enhancing the competitiveness of Indonesian halal products in the\nglobal market,\u201d he said in his statement quoted on Saturday, 20 June\n2026.<\/p>\n
In line with efforts to strengthen the halal industry ecosystem, the\nMinistry of Industry is also paying attention to compliance and\nreadiness of industry players in facing certain regulatory policies.<\/p>\n
This step plays an important role in ensuring that the growth of the\nnational halal industry can proceed sustainably and is able to meet\ndomestic and global market needs.<\/p>\n
Furthermore, ahead of the implementation of Mandatory Halal Phase II\nin October 2026, the Ministry of Industry is also continuing to improve\nthe readiness of the industrial sector through various socialisation\nprogrammes, mentoring, technical guidance, and halal certification\nfacilitation.<\/p>\n
These efforts are made so that industry players not only fulfil\nregulatory obligations but are also able to make halal certification an\ninstrument for enhancing business competitiveness.<\/p>\n
According to Faisol, the biggest challenge in implementing Mandatory\nHalal Phase II lies in the broad scope of industrial sectors that must\nfulfil halal certification obligations as well as the importance of\nensuring comprehensive halal supply chain readiness. Therefore,\nstrengthening the national halal ecosystem is one of the government\u2019s\nmain priorities.<\/p>\n
In an effort to strengthen the halal industry ecosystem, the Ministry\nof Industry is also giving special attention to Small and Medium\nIndustries (IKM). Through various mentoring programmes and halal\ncertification facilitation, the Ministry of Industry is strengthening\nIKM capacity to improve product quality, expand markets, and connect\nwith the broader halal industry supply chain.<\/p>\n
In addition, the Ministry of Industry is also accelerating the\ndevelopment of Halal Industrial Estates as supporting infrastructure\nthat makes it easier for business actors to meet halal standards more\nefficiently and increases the investment attractiveness of the halal\nindustry sector in Indonesia.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bi-opens-sharia-financing-access-for-corporate-expansion-1786611018", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }