Failed to Pay Sharia Case Reaches IDR 1.4 Trillion, DSI Enters Special Supervision by OJK

OJK logo (Antara)

JAKARTA - The Financial Services Authority (OJK) said that the process of handling the alleged default (galbay) case of PT Dana Syariah Indonesia (DSI) worth around IDR 1.4 trillion is still ongoing and is currently in the special examination stage.

The Head of the Executive Director of the Financial Institution Supervisory Board, Venture Capital Company, Micro Finance Institution and Other Financial Services Institution (PVML) of the OJK, Agusman, revealed that the OJK is conducting data collection and tracking of all assets owned by DSI.

He added that the steps include auditing financial statements from 2017 to 2025 to ensure the completeness of data and information, including the clarity of underlying funding.

"Since December 2, 2025, DSI has been under special supervision and special examinations are still ongoing, including deepening transactions and compliance with regulations," Agusman said in a written statement, quoted on Sunday, January 11.

In addition, he said that OJK also traced DSI's financial transactions by partnering with the Financial Transaction Reporting and Analysis Center (PPATK).

Agusman emphasized that the blocking of DSI's account was carried out based on the authority of PPATK, so that the decision regarding the opening of the block was entirely under the authority of the institution.

"Every request related to the opening of an account is followed up according to the applicable mechanisms and authorities. The blocking of the DSI account is carried out based on the authority of the PPATK, so that the opening of the block is the decision of the PPATK," he said.

In order to return funds to lenders, Agusman said DSI was also conducting an inventory of assets held to be used as a source of payment and OJK was also monitoring this step as part of consumer protection efforts.

"OJK has facilitated regular meetings between DSI management and lender representatives since October 2025 as part of consumer protection and the communication process continues to be monitored," he explained.

On the other hand, he conveyed that OJK was still following up on indications of violations to alleged fraud (fraud) through the supervision mechanism and coordinating with law enforcement officials in accordance with applicable regulations.

"Indications of fraud are still being comprehensively investigated. In accordance with the provisions of POJK 40/2024, the Organizer is obliged to provide access to information to the Lender on the use of its funds," he said.

Agusman said OJK had also imposed a number of sanctions on DSI, ranging from written warnings, administrative fines, to restrictions on business activities, for violations of provisions in the implementation of online lending business (Pindar) as regulated in POJK 40/2024.

For information, the data of the DSI Lender Association notes that the funds of lenders that have been held and verified at DSI as of January 5, 2026, reached IDR 1.39 trillion out of a total of 4,826 lenders.

DSI is known to have made an initial payment to the lender in the first half of December 2025, although its realization is considered to have not met the expectations of the lenders.