The Chief Executive of the Supervisory Agency for Financial Services Business Actors' Behavior, Education and Consumer Protection of the Financial Services Authority (OJK) Friderica Widyasari Dewi said that Islamic finance is an important pillar in the national economy. Friderica, who is familiarly called Kiki, said that the total assets of the national Islamic financial industry as of March 2025 showed an increase to IDR 2,900 trillion. Consisting of Islamic banking of IDR 960 trillion, Islamic capital markets of IDR 1,700 trillion, and Islamic non-bank financial institutions of IDR 174.7 trillion. "The demographic bonus and the high number of Indonesian Muslims are great potentials that should not only be a market, but must be able to make us a major player, both domestically and internationally," said Kiki as quoted from a written statement, Sunday, May 18th, 2025.
Kiki also added that the results of the National Financial Literacy and Inclusion Survey showed that the national financial literacy index reached 66 percent and the inclusion index reached 80%. For the sharia financial sector, there was an increase in literacy from 39% to 43.42%, but inclusion was still at 13.41%. "This means that many people already understand sharia financial products, but have not accessed them. Kiki also emphasized the importance of a community-based approach, including utilizing the role of Islamic boarding schools and religious figures, to expand sharia literacy and inclusion. In this context, OJK has developed an ecosystem of sharia financial inclusion centers and collaborated with the Ministry of Religion for training of preachers and ustaz as sharia literacy agents. Meanwhile, South Sumatra Literacy Ambassador Ratu Tenny Leriva expressed her appreciation for OJK's commitment, both at the central and regional levels, in encouraging sharia financial literacy and inclusion. She noted that in 2022, the financial inclusion rate in South Sumatra had reached 88%, with literacy above the national figure of 52%.
