OJK: SBSN Dominates Sharia Insurance Investments in 2025

Significant Allocation to Government Securities

The Financial Services Authority (OJK) has reported that Surat Berharga Syariah Negara (SBSN) remains the primary investment vehicle for sharia insurance and reinsurance companies in Indonesia. As of October 2025, 43% of total investments were allocated to SBSN, demonstrating the significant role of government securities in the sharia insurance sector.

Investment Portfolio Composition

The OJK's data shows a diversified investment portfolio among sharia insurance companies, with:

• 43% invested in SBSN
• 19.2% in stocks
• 16.6% in deposits
• 12.1% in mutual funds
• 8.8% in corporate sukuk

This allocation indicates a preference for relatively secure government-backed securities while maintaining exposure to other asset classes.

Investment Performance

The total investment returns for sharia insurance and reinsurance companies reached Rp 2.73 trillion as of October 2025. This performance reflects the sector's ability to generate returns despite economic challenges.

Regulatory Context

The OJK's monitoring of investment allocations in the sharia insurance sector demonstrates its ongoing efforts to ensure financial stability and compliance with regulatory requirements. The significant allocation to SBSN suggests confidence in government-backed sharia securities.