Jakarta, 4 March 2026 - The Sharia Business Unit of PT Bank Jago Tbk, or Jago Syariah, continues to grow alongside increasing customer trust in managing sharia-based finances, as well as the expanding halal economy and Islamic finance industry in Indonesia. Through the Jago Syariah App, customers can manage their daily finances and plan their religious activities in a more organized, transparent manner, in accordance with sharia principles.
As of December 2025, the total number of Jago Syariah users reached nearly 2.4 million customers, growing by 16.5% compared to the previous year.
“This achievement reflects the growing public trust in digital sharia-based financial solutions that are easy, innovative, and collaborative,” said Waasi Sumintardja, Head of Sharia Business at Bank Jago.
Sutan Emir Hidayat, Director of Sharia Economic Infrastructure at the National Committee for Islamic Economy and Finance (KNEKS), believes that the growth of Jago Syariah’s business aligns with the strengthening prospects of the halal economy and Islamic finance in Indonesia. According to him, Indonesia has strong fundamentals to become one of the global centers of Islamic economy, supported by its large Muslim population, increasing awareness of halal lifestyles, as well as regulatory support and the strengthening of the national halal industry ecosystem.
Emir noted that Indonesia has continued to demonstrate a competitive position in the Islamic economy. Based on the State of the Global Islamic Economy (SGIE) Report 2024/2025, Indonesia consistently ranked third globally in the Islamic economy. Strengths were particularly visible in sectors such as modest fashion, halal pharmaceuticals, and halal cosmetics.
Leading sectors in the halal industry or halal value chain (HVC) supported the national economy, contributing 27.34% (Rp4,832 trillion) to Indonesia’s Gross Domestic Product (GDP) in the third quarter of 2025. This figure increased compared to the same period in 2024, which recorded 26.53% (Rp4,368 trillion) of GDP.
“This reflected the overall growth of sectors forming the HVC - including agriculture, halal food and beverages, fashion, and tourism, which were growing faster than other sectors within the national income components,” Emir explained.
The growth of the HVC was also in line with the expansion of the halal certification program. As of December 2025, a cumulative total of 3.32 million halal certificates had been issued, an increase of around one million certificates compared to the end of 2024, covering a cumulative total of 10.99 million products.
In 2025, Bank Indonesia recorded Indonesia’s Islamic economic index at 50.18%. At the same time, the Financial Services Authority (OJK) reported that Indonesia’s Islamic financial literacy index reached 43.42%, increasing by 39.11% compared to the previous year.
“Unfortunately, OJK’s survey shows that Islamic financial inclusion in Indonesia is only at 13.41%. This indicates a significant literacy–inclusion gap. This is both a challenge and an opportunity, especially for digital banks like Jago Syariah, as digitalization makes Islamic financial services more accessible, efficient, and relevant for younger generations while remaining aligned with sharia principles,” Emir said.
He added that goal-based financial planning and allocation features, such as digital pockets, have strengthened the model of Islamic financial management that emphasizes planning, clarity of contracts (akad), and transparent separation of funds.
“The goal-based saving model in digital platforms is actually very much aligned with sharia principles, as it helps people plan their financial and religious activities’ needs in a disciplined and measurable way. This shows that digital technology innovation can go hand in hand with sharia values,” he added.
The principle of goal-based saving was reflected in the behavior of Jago Syariah customers who utilize the Pockets feature to manage their finances according to specific financial goals, including for religious purposes - from zakat and donations (infak) to umrah and hajj.
More than 40,000 customers have begun planning their pilgrimage through the Hajj Pocket and Umrah Pocket features.
“This shows how planning for religious journeys can also be done easily, transparently, and measurably through features in a digital application,” said Waasi.
He added that during this year’s Ramadan, a unique transaction pattern emerged among Jago App users. More than 68% of customers paid their zakat and charity between dawn (subuh) and mid-morning (dhuha), and 53% of charity transactions were directed toward supporting orphans through the Jago Amal feature.
“This reflects the strong spirit of giving during key moments of worship,” Waasi said.
***
About Bank Jago
Specifically built as a tech-based bank embedded within Indonesia’s digital ecosystem, Bank Jago aspires to enhance the growth of millions through life-centric digital financial solutions. Bank Jago develops banking products and services, both conventional and sharia, that can be used by everyone, including retail (consumers), mass market, and micro, small, and medium enterprises (MSMEs).
Bank Jago develops Jago App, which is designed to be embedded within various digital ecosystems, and can be customized and personalized so it can be compatible with their ecosystems, and also with the users’ personal needs. The collaborations with various ecosystems enable users to live their life more conveniently.
For further information please contact:
Marchelo
Corporate Communication
PT Bank Jago Tbk
