REPUBLIKA.CO.ID, JAKARTA -- The Financial Services Authority (OJK) stated that the Islamic finance industry continues to continue its growth trend, one of which is reflected in the Indonesian Sharia Stock Index (ISSI).

“In the sharia finance industry, ISSI continues to strengthen by 2.26 percent year-to-date (ytd),” Deputy Chairman of the OJK Board of Commissioners Mirza Adityaswara said during a press conference of the OJK Board of Commissioners (DRC) Meeting, quoted in Jakarta, Sunday (15/12/2024).

Meanwhile, the intermediation performance of the sharia financial services sector still grew positively on an annual basis (year-on-year/yoy), with sharia banking financing growing 11.94 percent, sharia insurance contributions growing 7.25 percent, and sharia financing receivables growing 17.24 percent.

In order to develop and strengthen the sharia financial services sector, the OJK has published a number of regulations (POJK).

One of the POJKs on the sharia financial services sector is POJK Number 24 of 2024 on Asset Quality of Bank Perekonomian Rakyat Sharia (POJK Quality Asset BPRS).

Then, POJK Number 25 of 2024 on the Application of Sharia Governance for the Bank Perekonomian Rakyat Sharia (POJK Tata Kelola Sharia BPRS).

OJK also published SEOJK Number 15/SEOJK.03/2024 on Implementation of Sharia Governance for Sharia Public Banks and Sharia Business Units (SEOJK Syariah Governance BUS UUS) and SEOJK Number 17/SEOJK.03/2024 on Reporting Through OJK Reporting System and Transparency of Financial Conditions for BPRS (SEOJK Reporting and TKK BPRS).

Efforts to develop and strengthen the sharia financial services sector are also continued, such as collaborating with Bank Indonesia in organizing the Indonesia Sharia Economic Festival (ISEF) in 2024 on October 30 - November 3, 2024.

On the other hand, in connection with the regular agenda of the Sharia Financial Literacy and Inclusion Working Group (POKJA LIKS), OJK organized the second Semester 2024 meeting of POKJA LIKS on November 15, 2024, as a continuation of the first meeting that had been held on June 24, 2024.

The agenda discussed the implementation of Sharia Financial Literacy and Inclusion (LIKS) activities in 2024 and the preparation of recommendations for the development of LIKS in the following year.

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