Sharia Finance Gains Traction in Indonesia

With a growing rapport among the public, sharia finance’s market share is gradually increasing, now contributing to 20.52 percent of the financial market, with sharia banking accounting for 7.27 percent and non-banking financial institutions for 5 percent.

Rinaldi Azka

9 Jun 2024 - 15.58
A-
A+
Sharia Finance Gains Traction in Indonesia

Bisnis, JAKARTA — The use of sharia finance remains uncommon despite the Muslim-majority population of Indonesia wherein as of 2022, 241.7 million out of the country’s 277.75 million total population are Muslim.

"The majority of Indonesians are Muslims, yet the share of sharia financial assets in national finances are still very low at 10.81 percent," said Arief Wibisono, ministerial expert staff for financial services and capital markets at the Finance Ministry.

Arief added that the government, along with various parties, has been making efforts to boost sharia finance such as through Law No. 4/2023 on the development of the financial sector.

Sharia market share is gradually increasing, according to Arief, as it now contributes 20.52 percent of the financial market. Sharia banking accounting for 7.27 percent while non-banking financial institutions contribute 5 percent.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Jaffry Prabu Prakoso
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.