OJK to Develop Comprehensive Sharia PVML Roadmap in 2026

Enhancing Islamic Finance Ecosystem

The Financial Services Authority (OJK) has announced plans to develop a comprehensive roadmap for Sharia PVML (Financing Institutions, Venture Capital Companies, and Other Financial Institutions) in 2026. This strategic initiative aims to strengthen the Islamic finance sector through improved governance, enhanced risk management practices, and innovative product development.

Current State of Sharia PVML

As of Q3 2025, Sharia financing within the PVML sector demonstrated significant growth, rising by 7.82% year-on-year (YoY) to reach Rp29.81 trillion. The growth indicates a positive trend in Indonesia's Islamic finance market. Murabahah financing remains the dominant component, accounting for Rp18.64 trillion or 62.52% of total Sharia financing in the sector.

Challenges and Opportunities

Despite the positive growth, the sector faces challenges that need to be addressed to achieve further development. Key among these challenges is the low level of public literacy regarding Sharia financial products. Additionally, there is a pressing need for a stronger supporting ecosystem to facilitate the growth of Islamic finance in Indonesia.

OJK's Strategic Initiatives

In response to these challenges, OJK is proactively working on the Sharia PVML roadmap for 2026. The roadmap is expected to provide a clear direction for the development of the Islamic finance sector, focusing on enhancing governance frameworks, improving risk management practices, and encouraging innovation in Sharia-compliant financial products.

Recent Regulatory Developments

The OJK's efforts to strengthen the financial sector are not limited to the Sharia PVML roadmap. In October 2025, the authority launched the 2025-2030 Pawnshop Development and Strengthening Roadmap to expand financing access for small communities, MSMEs, farmers, and fishermen. This initiative demonstrates OJK's commitment to inclusive financial development and sectoral growth.