BI Opens Sharia Financing Access for Corporate Expansion
Bank Indonesia (BI) considers strengthening connectivity between the halal industry and sharia finance to be key to expanding financing access for corporates, particularly to support competitive, innovative, and sustainable investment and business expansion.
BI Acting Governor Destry Damayanti said the effort also strengthens the contribution of the halal industry and sharia finance to national economic growth.
Destry conveyed this at the Strategic Forum on Sharia Financing for Corporate Expansion themed “Unlocking Corporate Growth Through Sharia Finance” in Jakarta on Wednesday, 12 August 2026.
“Sharia financing needs to become a strategic and competitive choice for corporate investment and expansion. To that end, it is necessary to build a bankable, measurable, and sustainable financing pipeline, strengthen sharia financial market deepening and intermediation, as well as collaboration between corporates, the sharia financial industry, regulators, ministries/institutions, and associations,” Destry said in her statement.
Destry also emphasised the importance of expanding capacity and innovation in financing instruments, as well as strengthening governance, risk management, and monitoring to bolster corporate financing.
At the same occasion, Head of the Sharia Economy Agency at KADIN Indonesia, Titi Khoiriah, highlighted the importance of long-term sharia financing with appropriate schemes and tenors to support corporate expansion.
In line with that, Head of Business Relations at Asbisindo and Deputy President Director of Bank Syariah Indonesia, Bob Tyasika Ananta, stressed the importance of an ecosystem-based approach connecting corporates with their supply chains.
According to him, this approach enables sharia banking to expand working capital financing while building long-term relationships with the business community.
The momentum for expanding sharia financing is supported by the industry’s continuously improving performance. In June 2026, sharia banking financing reached Rp720 trillion, growing 11.43 percent year on year (yoy).
Meanwhile, Third-Party Funds (DPK) reached Rp816 trillion, growing 13.13 percent (yoy). On the business side, in the same period, the halal supply chain grew 5.5 percent and outstanding corporate sukuk reached approximately Rp95 trillion.
These developments open up increasingly larger space for sharia financing to support productive investment and real sector expansion.
BI Reveals Indonesia’s Sharia Economic and Financial Potential
BI revealed that the domestic economy and finance have positive potential after achieving impressive growth in 2025.
Indonesia is further strengthening its position as one of the world’s sharia economic and financial centres. This is evidenced by the State of the Global Islamic Economy (SGIE) Report 2025/2026, in which Indonesia ranked fourth globally.
In addition, Indonesia also achieved first place in the modest fashion sector, second place in the Muslim-friendly tourism sector, and third place in the halal food sector.
“The potential for developing Indonesia’s sharia economy and finance remains very large, supported by an inclusive, sustainable, equitable, and stable sharia economic concept,” said BI Senior Deputy Governor Destry Damayanti.
Destry conveyed this at the 2026 Sharia Economy Festival (FESyar) for Eastern Indonesia (KTI) in Mataram, West Nusa Tenggara (NTB) on Friday, 10 July 2026.
Destry affirmed that inter-agency synergy needs to be continuously strengthened to drive the development of the sharia economy and finance.
Indonesia’s sharia economic performance continues to show a positive trend, reflected in growth of 6.21 percent year on year (yoy) in 2025, supported by acceleration in the Halal Value Chain sector.
Sharia banking performance also remains solid, reflected in financing growing 10.42 percent (yoy) to Rp709 trillion and Third-Party Funds (DPK) increasing 11.75 percent (yoy) to Rp792 trillion as of May 2026, as well as an increase in the sharia economic literacy index to 50.18 percent.
“Through FESyar KTI 2026, Bank Indonesia is targeting concrete achievements that have a real impact on the community,” Destry said.
In terms of financing access, Bank Indonesia is targeting sharia financing distribution of Rp11 billion and turnover of sharia MSMEs/business actors of Rp1.5 billion.
Furthermore, in terms of literacy and education, enthusiasm is reflected in 3,223 registrants for the National Sharia Economics Olympiad (OESN), or 124 percent of the 2,600 registrant target.
Halal Ecosystem Strengthened, Indonesia Targets Global Market Opportunities
On the other hand, the halal industry continues to be strengthened as one of the strategic sectors playing a role in enhancing the competitiveness of Indonesian industry in the global market.
Deputy Minister of Industry Faisol Riza said the halal industry has an important role in supporting national economic growth while strengthening Indonesia’s position in the Global Islamic Economy Indicator (GIEI).
“We continue to accelerate the strengthening of the national halal value chain through upstream-to-downstream industry development, halal certification facilitation, strengthening halal industry infrastructure, and synergy with various stakeholders. This step serves as a foundation for enhancing the competitiveness of Indonesian halal products in the global market,” he said in his statement quoted on Saturday, 20 June 2026.
In line with efforts to strengthen the halal industry ecosystem, the Ministry of Industry is also paying attention to compliance and readiness of industry players in facing certain regulatory policies.
This step plays an important role in ensuring that the growth of the national halal industry can proceed sustainably and is able to meet domestic and global market needs.
Furthermore, ahead of the implementation of Mandatory Halal Phase II in October 2026, the Ministry of Industry is also continuing to improve the readiness of the industrial sector through various socialisation programmes, mentoring, technical guidance, and halal certification facilitation.
These efforts are made so that industry players not only fulfil regulatory obligations but are also able to make halal certification an instrument for enhancing business competitiveness.
According to Faisol, the biggest challenge in implementing Mandatory Halal Phase II lies in the broad scope of industrial sectors that must fulfil halal certification obligations as well as the importance of ensuring comprehensive halal supply chain readiness. Therefore, strengthening the national halal ecosystem is one of the government’s main priorities.
In an effort to strengthen the halal industry ecosystem, the Ministry of Industry is also giving special attention to Small and Medium Industries (IKM). Through various mentoring programmes and halal certification facilitation, the Ministry of Industry is strengthening IKM capacity to improve product quality, expand markets, and connect with the broader halal industry supply chain.
In addition, the Ministry of Industry is also accelerating the development of Halal Industrial Estates as supporting infrastructure that makes it easier for business actors to meet halal standards more efficiently and increases the investment attractiveness of the halal industry sector in Indonesia.