“Indonesia’s Islamic finance sector has posted steady growth in recent years. As of June 2025, Islamic banking assets stood at about Rp 967 trillion ($57 billion), up 7.8% year on year — outpacing the national banking industry average. Market share remains modest at roughly 7–8% of total banking assets, but growth has consistently exceeded that of conventional lenders.”
“More broadly, total national Islamic financial assets — including sukuk, takaful, and sharia-compliant capital markets — surpassed Rp 13,000 trillion ($772 billion) by the end of 2025, accounting for more than 30% of Indonesia’s overall financial assets. Collections of Islamic social funds, such as zakat and waqf, have also risen by double digits, underscoring the potential to integrate commercial and social finance.”
“Globally, the halal economy — spanning food, pharmaceuticals, cosmetics, modest fashion, and tourism — is estimated to be approaching $4 trillion, driven by population growth and increasingly standardized halal certification. For Indonesia, home to the world’s largest Muslim population, this represents not just a domestic opportunity but a chance for global positioning.”
https://jakartaglobe.id/opinion/how-islamic-finance-fits-into-indonesias-resilience-strategy