Resilient to Global Crisis, Indonesia's Sharia Financial Industry Grows 8.61% in 2025

The Financial Services Authority (OJK) states that Indonesia’s sharia financial industry is resilient to the ongoing global economic turbulence. OJK Commissioner Chair Friderica Widyasari Dewi revealed that by December 2025, the total assets of the sharia financial industry increased 8.61% year-on-year to Rp3,100 trillion.

“The performance of the sharia financial services sector has also experienced stable growth, even amid issues of global geopolitical and geo-economic dynamics,” she said at the Closing of Gebyar Ramadan event in Jakarta on Thursday (2/4/2026).

The woman familiarly known as Kiki explained that the sharia financial industry is driven by demographic factors, as Indonesia has one of the largest Muslim populations in the world.

“We have successfully led the halal sector and are ranked third in the Global Islamic Economy Indicator, and in terms of sharia finance, Indonesia is ranked sixth in the top ten for sharia finance, sharia insurance, sukuk, and social funds,” she stated.

As recorded, by December 2025, the total assets of the sharia financial industry increased 8.61% year-on-year to Rp3,100 trillion. The breakdown includes sharia financial assets of Rp1,067 trillion, sharia capital market of Rp1,800 trillion, and non-bank financial industry of Rp188 trillion.

“This is certainly also supported by the stability of the resilient sharia financial services sector,” she added.

Kiki further explained that the growth of the sharia financial industry is reflected in several aspects, including positive growth in sharia financial intermediation, with financing growth of 9.58% year-on-year to Rp755 trillion.

Third-party funds (DPK) in sharia banking also grew 10.14% year-on-year, market capitalisation in the capital market reached Rp8,900 trillion, or up 31.4% year-on-year. Meanwhile, the value of assets under management (AUM) in sharia also continues to increase.

Nevertheless, Kiki said, the opportunities in the sharia financial industry are not without the various potentials currently possessed, including demographic, social, and economic potentials of the community.

“As mentioned earlier, the Muslim population base is 244.7 million people, this is an extraordinary potential. Moreover, the main factor is the increasing awareness of the community towards sharia values and lifestyles, which creates high potential interest in sharia financial products and services,” she added.