JAKARTA – The Indonesian Sharia Insurance Association (AASI) projects that increasing investment in the halal industry sector could bring positive influence to the development of the sharia insurance industry in Indonesia.

Arry Bagoes Wibowo, Head of Legal, Compliance, and Inter-Agency Division at AASI, stated that although the association has not yet segregated performance data based on corporate and retail market segments, the advancement of the halal industry has a strong correlation with the expansion of the sharia insurance sector.

“Because we are within the same sharia economic ecosystem, positive or negative dynamics in one sector will contribute to fluctuations in the sharia insurance industry’s performance,” Arry explained in his statement on Tuesday (7/10/2025).

Arry added that the US$ 1.6 billion investment flowing into Indonesia’s halal industry during the 2023-2024 period, as reported by the Ministry of Industry, has the potential to stimulate demand for sharia financial products, including insurance services.

However, AASI acknowledges that detailed data regarding the proportion of premium contributions from the corporate segment to the overall national sharia insurance industry is currently unavailable.

“AASI continues to strive to encourage and facilitate the growth of sharia insurance contributions through collaboration with various stakeholders, including by implementing financial literacy and inclusion programs for the Indonesian people,” Arry concluded.

Original Article:

Kontan.co.id. (2025, October 8). AASI Nilai Pertumbuhan Investasi Industri Halal Dorong Kinerja Asuransi Syariah. Retrieved from https://amp.kontan.co.id/news/aasi-nilai-pertumbuhan-investasi-industri-halal-dorong-kinerja-asuransi-syariah