REPUBLIKA.CO.ID, JAKARTA — Task Manager (Plt) Deputy Office of the Financial Services Authority (OJK) of West Sumatra Province (Sumbar) Irawati said the importance of increasing literacy and inclusion in driving the acceleration of Indonesia's sharia capital market. Irawati said the OJK periodically organizes the National Survey of Financial Literacy and Inclusion (SNLIK) to measure people's level of understanding and use of financial services products.
“In SNLIK 2024 for 2023 data, the Financial Literacy Index (ILK) was 65.43 percent and the Financial Inclusion Index (IIK) was 75.02 percent,” said Irawati during the Financial Merdeka 2024 event on Saturday (August 31, 2024).
Irawati detailed conventional ILK service types in 2023 at 65.08 percent and Islamic ILK in 2023 at 39.11 percent. Meanwhile, conventional IIK in 2023 amounted to 73.55 percent and Islamic IIK was 12.88 percent.
“So the literacy and financial inclusion of the sharia is still far below the conventional one. If we look specifically at ILK conventional capital market it is 15.32 percent, while ILK sharia capital market is only 5.48 percent,” Irawati said.