Indonesia's Sharia Financial Assets Reach Rp3,131 Trillion as Sector Expands
Bank Indonesia says Indonesia's sharia economy has growth potential, with sharia financial assets reaching Rp3,131 trillion in 2026.
Indonesia's sharia economy and finance sector are experiencing growth, with the potential to become a significant source of economic expansion, according to Bank Indonesia Deputy Governor Destry Damayanti. The State of the Global Islamic Economy Report 2025/2026 ranks Indonesia as the fourth largest economy in the global sharia sector.
In the second quarter of 2026, key halal value chain sectors such as halal food, Muslim fashion, and Muslim-friendly tourism grew by 5.50 percent year-on-year. Indonesia's sharia financial assets have reached Rp3,131 trillion, while sharia economic literacy has risen from 16.3 percent in 2019 to 50.18 percent in 2025. The success of the sharia economy, Destry argues, should be measured by the benefits it generates for the public, not just its asset size.
East Java Governor Khofifah Indar Parawansa echoed this sentiment, emphasizing that the development of the sharia economy should prioritize public welfare. The 2026 Java Regional Sharia Economy Festival, held in Surabaya, East Java, aims to accelerate sustainable regional Sharia economic and financial growth through synergy and digital transformation.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
