Jakarta (MidLand) – Deputy Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mirza Adityaswara reported that the intermediation performance of the Sharia financial services sector (SJK) until August 2024 continues to grow positively, with sharia bank financing growing by 11.6%. , sharia insurance contributions grew by 2.9%, while sharia financial credits grew by 21.2%.
Meanwhile, the Indonesian Sharia Stock Index (ISSI) increased by 8.53%. year to date (ytd) Wednesday (25/9).
“To develop and strengthen the sharia FSS, OJK has finalized the issuance of the RPOJK (Draft OJK Regulation) on the issuance of the sharia securities list in the development of the sharia capital market ecosystem by strengthening the regulations for the compliance with sharia principles, in particular through the selection of sharia securities,” he said at the press conference on the assessment of the OJK services sector on the financial and political results of the monthly meeting of the Board of Commissioners (RDKB) in September 2024 on Tuesday, in Jakarta.
The implementation of this regulation is expected to increase the application of Sharia principles in the capital market and the Guidelines for Issuers of the Sharia Securities List (PPDES) in the preparation of the foreign Sharia Securities List which constitutes a reference for portfolios of investment for investment managers and non-investment entities. Managers based on the purpose of the publication.
OJK is said to be doing this too monitoring the insurance industry’s willingness to do so spin off Sharia units by the end of 2026, as stated in Article 9 of OJK Regulation 11 of 2023, that there are 41 insurance/reinsurance companies that have submitted Sharia Unit Separation Work Plans (RKPUS).
In September there will be 29 UUSs performing spin off and 12 UUS (Sharia Business Units) have transferred their portfolios of Sharia units.
Following the RKPUS submitted by the company, it was stated that the company was ensuring its readiness to execute the RKPUS so that it was ready to execute spin off sharia unity, so that he can carry out the whole process spin off by the end of 2026.
In order to increase Sharia financial literacy, OJK organized the Indonesia Sharia Financial Olympiad (ISFO) with a total of 4,373 students participating.
At the peak of the event, on September 17, 2024, one round took place big final for the Sharia Finance Smart and Student category competition, as well as awarding the Sharia Young Entrepreneur competition to various schools and universities in various regions of Indonesia.
In addition to this, Sharia-based economic education was conducted in collaboration with the Harakah Majlis Taklim DKI Jakarta on the occasion of the birthday of Prophet Muhammad SAW at Istiqlal Mosque in Jakarta. “OJK provides educational material regarding mothers as madrassas for people knowledgeable in sharia finance,” Mirza said.
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Herald: M Baqir Idrus Alatas
Publisher: Biqwanto Situmorang
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