OJK Records Sharia Financing Receivables Reaching Rp 31.05 Trillion in January 2026

REPUBLIKA.CO.ID, JAKARTA – The Financial Services Authority (OJK) recorded sharia financing receivables in January 2026 growing 10.96% year-on-year to Rp 31.05 trillion.

The Executive Head of PVML Supervision at OJK, Agusman, stated that this positive performance was partly driven by an increase in sharia financing from multifinance companies. “Sharia financing by multifinance shows positive development. In January 2026, its value increased 10.59% year-on-year to Rp 30.87 trillion,” Agusman said in an official statement.

He explained that the largest disbursement came from sales financing under the murabahah contract, reaching Rp 19.29 trillion or 62.48% of total financing. According to him, the prospects for sharia financing remain wide open, supported by a regulatory framework that enables product development through various contract schemes.

Meanwhile, in the capital market sector, Acting Chair and Deputy Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, revealed that the Indonesia Sharia Stock Index (ISSI) experienced a 5.09% year-to-date decline to 292.88 in February 2026.

Sharia stock market capitalisation also fell from Rp 8.55 quadrillion in January 2026 to Rp 8.34 quadrillion in February 2026.

Nevertheless, investor fund placements in other sharia instruments continue to show positive performance. Investments in state sukuk rose from Rp 1.70 quadrillion in December 2025 to Rp 1.72 quadrillion in January 2026 and remained stable through February 2026.

Additionally, fund placements in corporate sukuk increased from Rp 88.92 trillion in January 2026 to Rp 90.57 trillion in February 2026. The assets under management (AUM) of sharia mutual funds grew 12.69% year-to-date to Rp 94.03 trillion.