REPUBLIKA.CO.ID, TANGERANG -- The Financial Services Authority (OJK) continues to strive to improve literacy and inclusion of sharia finance to support the national economy and public welfare. Chief Executive Officer of OJK Financial Services, Education, and Consumer Protection Supervisor Friderica Widyasari Dewi affirmed that OJK together with stakeholders should continue to educate the public about sharia finance.
“It is our joint task to strengthen the branding of sharia finance so that it is more widely known by the public,” Friderica said at the opening of the event Geear Ramadan Keuangan Sharia (Sharia Movement) 2025 at AEON Mall BSD City, Tangerang, Banten, Sunday (23/2/2025), quoted from the press release.
Sharia 2025 Movement aims to improve people's understanding of Sharia finance and leverage the momentum of Ramadan 1446 Hijri to encourage the inclusion of Sharia finance. The woman, known as Kiki, also encourages sharia financial services businesses to continue to innovate and understand the need of society for more people to use sharia financial services.
The Islamic finance sector in Indonesia continues to show positive growth. In December 2024, sharia banking financing increased 9.9 percent to Rp 643.5 trillion with the non-performing financing (NPF) ratio maintained at 2.12 percent. Meanwhile, third-party funds (DPK) grew 10.1 percent to Rp 753.6 trillion.
In addition, the sharia market cap reached Rp 6,825.3 trillion, up 11.1 percent. Sharia's Asset Under Management (AUM) value also grew 18.2 percent to Rp 50.5 trillion, while sukuk (corporate and state) increased 12.9 percent to Rp 1,682.9 trillion.
In other sectors, sharia insurance assets grew 5.8 percent to Rp 46.55 trillion, and the receivable assets of sharia financing companies rose 11.3 percent to Rp 33.8 trillion.
The Sharia 2025 Movement is the result of collaboration between OJK and various parties, such as sharia financial service operators, the Islamic finance industry association, Bank Indonesia, the Ministry of Religious Affairs, the National Committee of Sharia Economics and Finance (KNEKS), the Islamic Economic Society (MES), the Regional Financial Access Acceleration Team (TPAKD), mass media, influencers, religious figures, and other sharia financial activists.
In Sharia Movement 2024, there were 1,007 financial literacy and inclusion activities, involving more than 3 million financial education participants and more than 1 million financial inclusion participants. Kiki hopes Sharia Movement 2025 can reach more participants and increase the financial inclusion of sharia in society.
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