JAKARTA - The Financial Services Authority (OJK) affirms its commitment to strengthening the synergy and role of the Sharia Supervisory Board (DPS) to support economic development and the growth of an innovative and sustainable Islamic financial services industry.
This is realized through the holding of the 21st DPS Annual Meeting (Ijtima) 2025, in collaboration with the National Sharia Council of the Indonesian Ulema Council (DSN-MUI).
Deputy Chairman of the OJK Board of Commissioners Mirza Adityaswara highlighted the solid performance and global recognition of the Indonesian Islamic financial sector which has made a fairly good performance with total assets of IDR 2,972.95 trillion as of June 2025.
In more detail, total assets for the Islamic banking sector amounted to IDR 967.33 trillion, the Islamic capital market amounted to IDR 1,828.25 trillion, and the non-bank financial industry amounted to IDR 177.32 trillion.
"Based on the 2024/2025 Global Islamic Fintech Report, Indonesia managed to maintain its 3rd position in 82 countries as the strongest sharia fintech ecosystem, after Saudi Arabia and Malaysia," Mirza said, quoted by Antara, Saturday, September 27.
Furthermore, Mirza emphasized OJK's commitment to continue to encourage the development of the Islamic financial sector through strengthening regulations, strengthening education and protecting consumers, deepening markets, and encouraging and assisting industries to create new innovative products and have sharia characteristics to answer industrial challenges.
Meanwhile, Chief Executive of the Behavior Supervisory of Financial Services Business Actors, Education and Protection of OJK Consumers, Friderica Widyasari Dewi, also emphasized the importance of innovation in responding to challenges of literacy, inclusion and consumer protection.
"How can DPS oversee the innovation of Islamic financial products and services. When designing and marketing products, DPS must ensure the market conduct aspect and suit the OJK provisions," said Friderica.
He added that the OJK continues to encourage the Islamic financial services sector to remain prudent, but can continue to grow, innovate and provide consumer protection.
Based on the National Survey of Financial Literacy and Inclusion (SNLIK) of OJK in 2025, the Islamic financial literacy index reached 43.42 percent and the Islamic financial inclusion of 13.41 percent.
Friderica appreciates this increase as a result of joint hard work. However, there are anomalous challenges faced where an increasing understanding is not in line with product use, as well as the rise of digital-based financial fraud.
Meanwhile, Deputy Chairperson of the Leadership Council of the Indonesian Ulema Council (MUI) Marsudi Syuhud in his remarks appreciated the 21st DPS Ijtima' Sanawi which is carried out by the OJK every year.
SEE ALSO:
"DSN maintains sharia fatwas and principles, DPS maintains its implementation, and OJK maintains governance, because without DPS and OJK, the foundation can disappear and collapse," said Marsudi.
He hopes that DSN can continue to give birth to their fatwas and DPS is able to carry it out with all developments, so that Indonesia's economy in the future will get blessings from Allah SWT.
The Ijtima' Sanawi activity emphasized the strategic role of the Sharia Supervisory Board (DPS) as a catalyst for innovation and product development, compliance guards and governance in accordance with sharia principles, as well as the main center of expertise and reference in strengthening Islamic financial literacy and inclusion in society.
The implementation of Ijtima' Sanawi is part of a strategic alliance between OJK and DSN-MUI to jointly realize the ideals of building a strong, innovative, and prosperous Islamic financial industry for the people of Indonesia.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
