As of the last quarter of 2023, Islamic banking assets constituted **** 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 **st globally in Islamic banking penetration.
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IFSB. (September 12, 2024). Penetration rate of Islamic banking in Indonesia from 2020 to 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1537666/indonesia-islamic-banking-penetration-rate/
IFSB. "Penetration rate of Islamic banking in Indonesia from 2020 to 2023." Chart. September 12, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1537666/indonesia-islamic-banking-penetration-rate/
IFSB. (2024). Penetration rate of Islamic banking in Indonesia from 2020 to 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1537666/indonesia-islamic-banking-penetration-rate/
IFSB. "Penetration Rate of Islamic Banking in Indonesia from 2020 to 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Sep 2024, /statistics/1537666/indonesia-islamic-banking-penetration-rate/
IFSB, Penetration rate of Islamic banking in Indonesia from 2020 to 2023 ÌÇÐÄÆƽâ°æ, /statistics/1537666/indonesia-islamic-banking-penetration-rate/ (last visited July 27, 2026)
Penetration rate of Islamic banking in Indonesia from 2020 to 2023 [Graph], IFSB, September 12, 2024. [Online]. Available: /statistics/1537666/indonesia-islamic-banking-penetration-rate/
