Syariah Financial Industry Assets Reach Rp 1,291.48 Trillion

Indonesia's sharia finance industry continues to grow. According to the Financial Services Authority (OJK), the total assets of the sharia finance industry reached Rp 1,291.48 trillion as of January 2019. This asset value increased by Rp 25.5 trillion compared to the September 2018 position of Rp 1,265.97 trillion.

Sharia finance industry assets are dominated by state sukuk at Rp 651.29 trillion or 50.4%. In second place are sharia banking assets at Rp 479.17 trillion or 37.1%. In third place, sharia insurance assets reached Rp 43.12 trillion or 3.34%.

In fourth place are sharia mutual funds valued at Rp 37.3 trillion or 2.89%. This is followed by sharia non-bank institution assets at Rp 32.43 trillion or 2.5%, sharia financing at Rp 25.61 trillion or 1.99%, and corporate sukuk at Rp 22.56 trillion or 1.78%. This calculation of sharia finance industry assets does not include the market capitalization of sharia stocks, valued at Rp 3,861.7 trillion.

(Read Databoks: [Corporate Sukuk Issuance Lags Far Behind Conventional Bonds](https://databoks.katadata.co.id/datapublish/2019/05/10/penerbitan-sukuk-korporasi-tertinggal-jauh-dari-obligasi-konvensional))