OJK Has Not Yet Revoked Dana Syariah Indonesia's Licence, Here's Why

Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) has not yet revoked the peer-to-peer (P2P) lending licence of Dana Syariah Indonesia (DSI). As is known, the handling of the DSI case has been handed over by OJK to the National Police Criminal Investigation Agency (Bareskrim Polri). OJK continues to coordinate with law enforcement authorities to follow up on the ongoing legal process. Suspects in the case have been designated, and the process of identifying related assets has also begun. This step is part of efforts to enforce the law while safeguarding the interests of lenders. According to the Executive Head of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions (PVML) at OJK, Agusman, the licence has not been revoked in the hope that lenders still have a chance to recover their funds. “Not yet (the licence revoked). We have special supervision, and we also ensure that lenders do not get confused,” Agusman told reporters at the Supreme Court Building in Jakarta, quoted on Thursday (26/3/2026). Agusman also emphasised that his side is committed to ensuring lenders are not harmed and to promoting healthy industry governance. As is known, Deputy for Eradication at the Financial Transaction Reports and Analysis Centre (PPATK), Danang Tri Hartono, revealed that based on financial transaction data from 2021 to 2025, PT DSI managed to collect public funds amounting to Rp7.478 trillion. Of that amount, funds returned to the public in the form of returns were recorded at Rp6.2 trillion. “Thus, there is a difference in funds not yet returned to the public of approximately Rp1.2 trillion,” Danang stated during a meeting with Commission III of the House of Representatives (DPR RI) in Jakarta on Thursday (15/1/2026). Danang explained that of the outstanding funds, around Rp167 billion was used for the company’s operational costs. These costs included electricity, internet, business premises rental, salaries, advertising, and other operational expenses. In addition, around Rp796 billion was channelled to companies affiliated with DSI. Based on PPATK findings, those companies are still under the control of the same parties in terms of ownership. Not only that, PPATK also found fund flows of around Rp218 billion transferred to individuals or other entities that are also affiliated. From the transaction patterns, PPATK assesses that the parties benefiting most from the fund flows are the company’s affiliates.