Bank Indonesia Emphasizes Islamic Economy as a Strategic Pillar of National Transformation

JAKARTA - Bank Indonesia (BI) emphasizes that the Islamic economy and finance are one of the strategic pillars of national economic transformation in the face of global dynamics and strengthening long-term resilience, as well as encouraging sustainable economic growth.

Through the Islamic Economic and Financial Blueprint (Eksyar) 2030, Bank Indonesia directs policies to accelerate the integration of the Halal Value Chain (HVC) with a deeper, innovative, and productive Islamic financing system, as well as expanding literacy and inclusion to increase the scale and competitiveness of the national Islamic industry.

Senior Deputy Governor of Bank Indonesia, Destry Damayanti, conveyed that this strategy is not only aimed at strengthening the contribution of the sharia sector to economic growth and stability, but also to accelerate Indonesia's steps towards the world's center of sharia economy and finance.

The commitment was emphasized in the launch of the Indonesian Sharia Economic and Financial Study (KEKSI) 2025, Kick-Off of the Sharia Financing Month (BPS) 2026, and the holding of the Sharia Economic and Financial Outlook (ShEFO) 2026 seminar.

Destry said that the sharia economic and financial sector continued to show resilience amid global uncertainty.

In line with the national economic growth of 5.11 percent (yoy), the HVC sector grew 6.2 percent (yoy), supported by the performance of halal food and beverages, Muslim-friendly tourism, and modest fashion.

Meanwhile, HVC's contribution to GDP increased by 155 basis points, from 25.45 percent in 2024 to 27 percent in 2025.

In addition, in the financial sector, financing for Islamic banking grew 9.66 percent (yoy) at the end of 2025, supported by the Macroprudential Liquidity Incentive Policy (KLM) incentive of Rp35 trillion, or 4.49 percent of the limit of 5.5 percent as of December 2025.

In addition, the performance of sharia financing is also supported by various acceleration programs, including the Sharia Financing Month which in 2025 recorded a realization of Rp. 939 billion or 60 percent above the target of Rp. 589 billion.

"This achievement shows the resilience and real contribution of the sharia sector to the stability and growth of the national economy," Destry said in a statement, quoted on Monday, February 16.

In addition, the positive performance is also reflected in the increase in the utilization of Sharia hedging instruments which grew 86.5 percent (yoy) to US$ 466 million.

In the social finance sector, the distribution of ZIS through BAZNAS until the second quarter of 2025 reached Rp52.5 trillion, an increase of 43 percent (ytd) compared to 2024 of Rp36.8 trillion.

Innovation in blended finance through Cash Waqf Linked Sukuk (CWLS) also grew 22 percent (yoy) with an outstanding of Rp1.4 trillion at the end of 2025.

The improvement in performance was also supported by the strengthening of Islamic economic and financial literacy which now reaches 50.18 percent, almost double compared to 2023.

Through the implementation of the Eksyar 2030 Blueprint which focuses on strengthening the halal value chain, optimizing financing, and expanding literacy and inclusion, Bank Indonesia together with OJK and all stakeholders are committed to accelerating the transformation of the sharia sector as a pillar of inclusive, sustainable, and resilient national economic growth.

In terms of the financial services industry, Head of the Banking Supervisory Authority of the OJK Dian Ediana Rae said that the Islamic banking industry recorded a proud performance throughout 2025.

Total assets reached an all-time high at Rp1,067.73 trillion or grew 8.92 percent (yoy).

Meanwhile, in terms of financing also showed good performance with financing value reaching IDR 705.22 trillion or grew 9.58 percent (yoy).

Third-party funds (DPK) reached IDR 892.99 trillion or grew 10.14 percent (yoy). OJK is optimistic that this positive trend will continue in 2026, in line with the prospects for national economic growth, while still paying attention to geopolitical risks and global uncertainties.

"This momentum is an important capital to build a more resilient and sustainable Islamic banking industry," he said.

On the same occasion, Bank Indonesia also launched the 2026 Islamic Financing Month (BPS) as a platform for strategic collaboration across ministries, institutions, and the Islamic finance industry to strengthen access to financing for the real sector.

The BPS 2026 Kick-Off was marked by the signing of a joint synergy commitment with 10 ministries/institutions, namely Bank Indonesia, KNEKS, OJK, Ministry of Tourism, Ministry of Creative Economy, Ministry of Cooperatives, Ministry of MSME, Ministry of Religion, Ministry of Trade, and Ministry of ATR/BPN.

This year, BPS is strengthened to reach MSMEs, start-ups, and the halal industry through the involvement of sharia banks, sharia Non-Bank Financial Industry (IKNB), and sharia social finance sectors, supported by the optimization of digital business matching platforms.

Through this synergy, BPS is expected to strengthen the connection between the real sector and commercial and social financing of syariah to encourage more inclusive and competitive national economic growth.

Towards 2026, the direction of the ex-yar policy in accordance with the 2030 Sharia Economic and Financial Blueprint is focused on the vision of Indonesia as the world's center of sharia economy.