Indonesia’s Islamic finance assets rise to $180 billion
Financial regulator reports 8.19% annual growth and an 11.16% market share, led by the sharia capital market
JAKARTA, Indonesia (MNTV) – Indonesia’s Islamic financial assets reached about $179.72 billion as of August 2026, an 8.19% year-on-year increase and an 11.16% share of the market, the Financial Services Authority (OJK) said, according to the state broadcaster RRI.
OJK board chair Friderica Widyasari Dewi said the assets came from three sectors: the sharia (Islamic law-compliant) capital market at $107 billion, sharia banking at $60 billion, and the sharia non-bank financial industry at $11 billion.
The regulator has set four priorities — strengthening industry structure, encouraging product innovation, expanding financial inclusion and deepening the Islamic finance ecosystem — and is supporting products such as sharia-compliant gold exchange-traded funds and the electronic issuance of sukuk (Islamic bonds).
OJK said it still faces challenges including institutional resilience, product differentiation and workforce quality, and would keep working to raise Islamic financial literacy.
A 2026 national survey put Indonesia’s overall financial literacy rate at 69.57% and financial inclusion at 93.61%.
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