Press Release: OJK Strengthens Competitiveness of Sharia Banking through Regulations on Sharia Banking Investment Products
SP 91/DKPU/OJK/V/2026
PRESS RELEASE
OJK STRENGTHENS COMPETITIVENESS OF SHARIA BANKING THROUGH REGULATIONS ON THE IMPLEMENTATION OF SHARIA BANKING INVESTMENT PRODUCTS
Jakarta, 7 May 2026. The Financial Services Authority (OJK) has issued OJK Regulation No. 4 of 2026 on the Implementation of Sharia Banking Investment Products (POJK on Sharia Banking Investment Products).
This policy represents an important milestone in strengthening the foundation of the Sharia banking industry through the reinforcement of the separation between third-party fund products (savings, deposits, and current accounts) and investment products in Sharia banking.
The issuance of this POJK is a follow-up to Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector and the strengthening of provisions in OJK Regulation No. 26 of 2024 on Sharia Banking Investment Products and Deposit Products.
The POJK on Sharia Banking Investment Products defines Sharia banking investment products as funds entrusted by customers to Sharia Banks based on contracts in accordance with Sharia principles, with the risks borne by the investor customers. Through this regulation, Sharia banking investment products consistently apply profit-sharing and risk principles that reflect the true characteristics of investments using contracts such as mudarabah or other contracts that do not contradict Sharia principles.
The business model for Sharia banking investment products has been implemented in various countries with leading Sharia financial systems, including Malaysia, the United Arab Emirates, and Saudi Arabia. In those countries, Sharia banks have managed investment funds as profit-sharing investment accounts, which serve as alternative products for bank customers seeking higher potential returns compared to deposit products, provided they first understand the accompanying investment risks.
With the introduction of this POJK, it is hoped that Sharia banking in Indonesia can contribute more significantly to the national economy through the uniqueness of Sharia banking products, thereby increasing added value and strengthening the competitiveness of Sharia banking in line with the Roadmap for the Development and Strengthening of Sharia Banking (RP3SI).
This POJK covers matters including the basic features and additional features of Sharia banking investment products, the application of governance and risk management in the implementation of Sharia banking investment products, the establishment of policies and implementation procedures, the principle of separation in management and recording, the application of prudential principles, and the application of consumer protection for investor customers of Sharia banking investment products.
This POJK has been effective for Sharia banks since the date of its promulgation, namely 29 April 2026. Sharia Banks that already have Sharia banking investment products before this POJK takes effect must adjust those products in accordance with the provisions of this POJK no later than two years from the effective date of this POJK and/or until the contract period ends. Applications for permission to implement Sharia banking investment products submitted before this POJK takes effect will be processed in accordance with the provisions of this POJK.
With the issuance of the POJK on Sharia Banking Investment Products, OJK reaffirms its commitment to promoting the development of Sharia banking investment products that not only comply with legal mandates but also provide alternative investment products in a trusted, responsible, sustainable, inclusive financial ecosystem, and make a real contribution to the national economy through the Sharia banking system.