Indonesia’s Shariah Financial Assets Reach IDR 1,885.65 Trillion as of June 2021: OJK

Indonesia’s Financial Services Authority (OJK) has recorded total Islamic financial assets of IDR 1,885.65 trillion as of June 2021, a 4.67% increase from IDR 1,801.46 trillion at the end of 2020. The assets as of June 2021 consist of IDR 1,137.84 trillion from the Islamic capital market (5.73% growth compared to end of 2020), IDR 631.55 trillion from Islamic banking (3.72% compared to the end of 2020) and IDR 116.26 trillion from the Shariah non-bank financial industry (IKNB) (0.07% contraction compared to the end of 2020), and does not include Shariah shares, according to Teguh Supangkat, Deputy Commissioner for Banking Supervision I of OJK, who was addressing the 2021 Islamic Finance Summit held on the 30th of September 2021.

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