REPUBLIKA.CO.ID, JAKARTA -- Head of the Department of Supervision of Investment Management and Capital Markets Regional Capital Markets of the Financial Services Authority (OJK) Edy Broto Suwarno stated that many spaces could be optimized to accelerate the growth of the sharia capital market in Indonesia.

Based on the results of the 2022 National Survey of Financial Literacy and Inclusion (SNLIK), the new sharia financial literacy and inclusion index stood at 9.14 percent and 12.1 percent, well below the national financial literacy and inclusion index of 49.68 percent and 85.1 percent.

Although the Central Statistics Agency (BPS) noted that the sharia financial literacy index managed to rise from 30 percent to 39 percent in 2023, the sharia financial inclusion index was still stagnant at 12 percent.

“For this reason, the challenge of increasing literacy and financial inclusion of Sharia is still our joint task that we must solve immediately. Moreover, Indonesia has a demographic as one of the countries with the largest number of Muslims in the world,” said Edy Broto at the Sharia Investment Week (SIW) 2024 seminar and expo in Jakarta, Thursday (6/6/2024).