OJK Launches Islamic Insurance Sermon Book to Boost Financial Literacy

Enhancing Public Understanding of Sharia Insurance Products

The Financial Services Authority (OJK) has officially launched the Sharia Muamalah Sermon Book for the Insurance, Guarantee, and Pension Fund (PPDP) sector. This initiative was conducted in collaboration with the Ministry of Religious Affairs (Kemenag) and the Indonesian Mosque Council (DMI) in Jakarta on December 15, 2025. The book is designed to improve public literacy and inclusion in the Islamic insurance sector.

Current State of Insurance Literacy

According to Ogi Prastomiyono, Head of PPDP Supervisory Executive at OJK, there are currently 28 Islamic insurance companies operating in Indonesia, comprising 55 sharia business units. However, the National Survey on Financial Literacy and Inclusion (SNLIK) 2025 revealed that the literacy rate for conventional insurance stands at 45.45% with an inclusion rate of 28.50%. For pension funds, the literacy rate is 27.79%, while the inclusion rate is significantly lower at 5.37%. These figures highlight the challenges faced by the insurance industry in Indonesia.

Addressing the Challenges

Ogi emphasized that the low literacy rates present both a challenge and an opportunity to strengthen public education through more communicative and relevant approaches. The launch of the Sharia Muamalah Sermon Book is a step towards achieving this goal, providing religious leaders with material that can be used to educate their congregations about Islamic insurance products and their benefits.

Significance of the Initiative

The collaborative effort between OJK, Kemenag, and DMI underscores the importance of financial literacy in the Islamic finance sector. By leveraging religious platforms, the initiative aims to reach a wider audience and promote a better understanding of sharia-compliant financial products.