Islamic banking penetration rate Indonesia 2020-2023

Published by Lucas Romero, Nov 28, 2024

As of the last quarter of 2023, Islamic banking assets constituted 7.46 percent of total banking assets in Indonesia, reflecting a slight increase from previous years. Despite this steady growth, the penetration rate remains relatively low, especially considering that Indonesia, home to the world's largest Muslim population, ranks only 21st globally in Islamic banking penetration.

Penetration rate of Islamic banking in Indonesia from 2020 to 2023

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Release date

September 2024

Region

Indonesia

Survey time period

2020 to 2023

Supplementary notes

Penetration rate represents the Islamic banking share in total banking assets. 

*As of Q4 2023.

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Statistics on " Islamic banking industry in Indonesia "

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Other statistics that may interest you Islamic banking industry in Indonesia

Overview

5

Penetration

4

Main indicators

4

Islamic bank financing

4

Infrastructure

3

Islamic fintech

3

Consumer behavior

5

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