Sharia Financial Literacy Lags Behind, OJK Strengthens Financial Inclusion
The 2025 National Survey on Financial Literacy and Inclusion (SNLIK) indicates that the levels of Sharia financial literacy and inclusion remain lower than those of the general financial sector. The Sharia financial literacy index is recorded at 43.42%, while the Sharia financial inclusion index has only reached 13.41%.
The Head of the Financial Services Authority (OJK) Solo, Eko Hariyanto, stated that these figures represent a challenge for all stakeholders to expand understanding and access to Sharia-based financial products and services.
As part of these efforts, OJK Solo has partnered with the Sharia financial services industry to conduct educational programs, including the ‘Gebyar Ramadan Keuangan (GERAK) Syariah 2026’ event in Solo on February 23, 2026. This event targeted 200 students at the Ta’mirul Islam Solo Islamic boarding school.
“This program is one of the strategies to expand the reach of Sharia financial literacy in religious-based educational institutions,” he said.
According to Eko, understanding Sharia finance is not only about saving or avoiding interest but also about managing finances wisely, independently, and in accordance with Sharia principles. With adequate understanding, the public is expected to be able to make productive financial decisions that also bring blessings.
The low inclusion index, at 13.41%, indicates limited use of Sharia financial products and services by the public.
“Therefore, education needs to be accompanied by increased access, including through products such as the Sharia Student Savings (Simpel) program, which was introduced during the event,” he said.
OJK hopes that synergy with Islamic boarding schools and the Sharia financial services industry can encourage increased literacy and expand Sharia financial inclusion, especially among young people.
The Principal of the Ta’mirul Islam Islamic boarding school, KH Mohammad Adhim, stated that financial literacy is also important to protect young people from the risks of digital financial crime. He highlighted the increasing number of illegal online loans and fraudulent investments that often target people with limited financial understanding.
During the GERAK Syariah event, the students also received materials on the duties and functions of OJK, the characteristics of illegal investments and online loans, and an introduction to Sharia financial services products.