Indonesia’s Islamic Finance Assets Hit Record Rp3,131 Trillion in 2025

Indonesia’s Islamic finance assets grew 8.56% year-on-year to a record Rp3,131.02 trillion in 2025, according to the Financial Services Authority’s (OJK) Laporan Perkembangan Keuangan Syariah Indonesia (LPKSI) 2025 report, the Indonesia Islamic Finance Development Report 2025. Islamic banking assets reached Rp1,067.73 trillion, up 8.92%, while Islamic capital market assets, excluding Sharia-compliant equity market capitalization, hit Rp1,875.25 trillion, up 8.18%, OJK said. It’s the highest total the authority has recorded for the sector.

Where the Growth Came From

Of the segments OJK reported, the fastest growth came from the smaller non-bank lines, even though they aren’t as large as banking and capital markets. Islamic insurance, guarantee, and pension fund assets rose 10.59% to Rp74.27 trillion, while Islamic financing institutions, venture capital, and microfinance assets grew 10.29% to Rp124.51 trillion, according to the same report. Both outgrew the rates OJK reported for banking and capital markets, the two largest of the segments in the report.

A New Committee

OJK’s 2025 report lands alongside a new committee. The Islamic Finance Development Committee, known in Indonesian as the Komite Pengembangan Keuangan Syariah (KPKS), was established in June 2025 and is chaired by Dian Ediana Rae, OJK’s chief executive of banking supervision, as reported by Kompas. Dian was reported by Kompas as pointing to coordination and integrated policymaking through the committee, and by IDN Financials as calling its June 2025 establishment a strategic coordination step.

OJK’s Read on the Numbers

“OJK continues to oversee the development of the Islamic finance industry through the implementation of various regulations, sectoral road maps, and policies that push for strengthening the industry’s competitiveness,” according to remarks quoted by Berita Buana on August 7, 2026. Coverage of the report cited Law No. 4 of 2023 on Development and Strengthening of the Financial Services Sector (UU PPSK) as the sector’s policy framework. Friderica Widyasari Dewi, chair of the OJK Board of Commissioners, framed the 2025 results as a gain in quality and competitiveness, not just size. “The national Islamic finance industry continues moving in a better direction, not only growing quantitatively, but also increasingly improving in quality and competitiveness,” she said in a statement dated August 6, 2026, reported by Liputan6.

She also cautioned that the gains need defending. “This achievement must be sustained to ensure the financial services sector remains stable amid heightened global economic uncertainty,” Friderica said, in remarks reported by IDN Financials on August 7, 2026. The report carries the theme “Strengthening the Competitiveness of the Islamic Finance Industry in Support of Accelerating National Economic Growth.”

Wider Economic Context

The Halal Times has previously covered Indonesian Islamic finance and infrastructure and Indonesia’s halal ecosystem. The record year came as Indonesia’s economy grew 5.11% in 2025, up from 5.03% in 2024, according to economic growth figures cited alongside OJK’s LPKSI 2025 findings.

Frequently Asked Questions

How much did Indonesia’s Islamic finance assets grow in 2025?

Indonesia’s Islamic finance assets grew 8.56% year-on-year to a record Rp3,131.02 trillion in 2025, according to OJK’s LPKSI 2025 report.

Which Islamic finance segment did OJK report as largest in 2025?

Islamic capital market assets, excluding Sharia-compliant equity market capitalization, were the largest of the segments OJK reported, at Rp1,875.25 trillion in 2025, ahead of Islamic banking’s Rp1,067.73 trillion, per OJK’s LPKSI 2025 report.

What is Indonesia’s Islamic Finance Development Committee (KPKS)?

The KPKS is a committee established in June 2025 and chaired by Dian Ediana Rae, OJK’s chief executive of banking supervision. Dian Ediana Rae was reported by Kompas as pointing to coordination and integrated policymaking through the committee, and by IDN Financials as calling its June 2025 establishment a strategic coordination step.

What report contains Indonesia’s 2025 Islamic finance figures?

The figures come from OJK’s Laporan Perkembangan Keuangan Syariah Indonesia (LPKSI) 2025, the Indonesia Islamic Finance Development Report 2025, themed “Strengthening the Competitiveness of the Islamic Finance Industry in Support of Accelerating National Economic Growth,” according to OJK.

How fast did Indonesia’s overall economy grow in 2025?

Indonesia’s economy grew 5.11% in 2025, up from 5.03% in 2024, according to economic growth figures cited alongside OJK’s LPKSI 2025 report.