Reasons to open an account at a Sharia bank Indonesia 2023

Published by Lucas Romero, Nov 11, 2024
A 2023 survey conducted in Indonesia found that about 47 percent of respondents who intended to open an account at a Sharia-based bank attributed their decision to being guided by Sharia principles. Meanwhile, approximately 26 percent of the survey participants mentioned their motivation stemmed from the halal and profitable distribution of business funds.

Leading reasons to open an account at a Sharia bank in Indonesia as of March 2023

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Release date

April 2023

Region

Indonesia

Survey time period

March 2023

Number of respondents

513 respondents

Special properties

among Gen Z and Millennial Muslim consumers that were planning to open a Sharia bank account

Method of interview

Online survey

Supplementary notes

Original survey question: "Why are you planning to open an account at an Islamic-based bank? (Select all that apply)"

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Topics

Halal industry in IndonesiaE-commerce in IndonesiaCosmetics and personal care market in IndonesiaFood retail industry in IndonesiaApparel and footwear market in Indonesia
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