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Sharia Financial Services Sector Update November 2025


Wednesday, 14 January 2026


As of November 2025, the Indonesian Sharia financial services sector continued to develop across all major segments. The Indonesia Sharia Stock Index stood at 301.28 points, with a year-to-date performance of 39.71% and a market capitalization of IDR?9,981.86.


In the Sharia securities crowdfunding segment, total fundraising reached IDR1,019.81 billion, capturing a 57.47% market share.


As of November 2025, sharia banking assets reached IDR1,035.05?trillion, representing 7.59% of the total banking market, while outstanding financing amounted to IDR?690.21 trillion and grew by 7.78% yoy. Deposits in the Sharia banking sector expanded by 7.67%?yoy, and the gross non-performing financing ratio stood at 2.26%.


Assets under Sharia financing institutions, including venture capital and microfinance, totaled IDR?36.88?trillion for financing institutions, IDR?3.75?trillion for venture capital and?IDR?0.57?trillion for microfinance.


The Sharia insurance, guarantee and pension fund sector also showed steady performance, with life insurance assets at IDR?37.82 trillion, general insurance IDR10.21 trillion, voluntary pension funds IDR4.96?trillion and guarantee institutions IDR6.93?trillion.


Click here for highlights of Sharia Banking statistics


Click here for highlights of Capital Market statistics


Click here for highlights of Sharia NBFI statistics