Sharia PVML Assets Far Below Conventional, OJK Prepares Road Map

The Chief Executive of Banking, Financing Institutions, Venture Capital, Microfinance Institutions, and Other Financial Services Institutions (PVML) Supervision at OJK, Agusman, responded to concerns that the sharia sector’s performance still lags far behind the conventional sector.

Based on OJK data, total PVML industry assets reached Rp 1,157.74 trillion. This figure comprises conventional assets of Rp 1,022.85 trillion and sharia assets of Rp 134.89 trillion.

Meanwhile, total financing disbursement reached Rp 1,064.25 trillion. Conventional financing amounted to Rp 939.04 trillion, while sharia financing stood at Rp 125.21 trillion.

The number of PVML industry players was recorded at 749. This total is divided into 650 conventional players and 99 sharia players.

Agusman admitted he was saddened to see the sharia sector’s growth, which he considers still very thin each year. According to him, one of the challenges faced is the level of public trust in sharia products and services.

“OJK is currently preparing a sharia PVML road map. Perhaps in a few months we will launch it. Because now should be the right time, when there are many issues related to sharia and this road map will be available,” Agusman said during a Forum Group Discussion with Mass Media Editors in Senggigi, West Nusa Tenggara, on Thursday (27/8/2026).

He said OJK has prepared a number of measures to address various problems faced by the sharia PVML sector. However, the sector’s growth has so far remained very slow.

“Well, God willing, we have actually prepared the road map. If you look at it, the increase each year is very thin, very slight. Among other reasons, why? Our people often do not trust,” Agusman said.

OJK hopes that the preparation of the sharia PVML road map can serve as a step to strengthen the growth of the sharia industry. The road map is expected to address various issues while increasing public trust in the sharia financial sector.