Video: Trust Issues Become Homework for Sharia Fintech in Tapping the Digital Muslim Market

Jakarta, CNBC Indonesia - The increasing penetration of internet services and the ongoing development of digital technology adoption are among the drivers of growth in the financial technology or fintech industry in Indonesia.

The large potential of the Muslim community market and the niche for financial inclusion growth to meet the capital needs of MSMEs and funding for the unbanked sector also present opportunities for the development of fintech, including Sharia fintech.

Chairman of the Indonesian Sharia Fintech Association, Ronald Yusuf Wijaya, is optimistic about the prospects of Sharia fintech in leveraging financial technology to grow the Sharia fintech market in Indonesia. Nevertheless, issues related to public trust towards several cases involving fintech, particularly illegal fintech, become a challenge for the Sharia fintech business.

Therefore, in efforts to encourage the development of Sharia fintech that not only targets Muslim customers but the entire Indonesian society, AFSI is promoting education on the potential and benefits of Sharia fintech supported by easy, modern, and impactful products.

What are the prospects and challenges in developing Sharia fintech? For more details, watch the dialogue between Maria Katarina and Ronald Yusuf Wijaya, Chairman of the Indonesian Sharia Fintech Association, in Profit, CNBC Indonesia (Monday, 04/05/2026).