Business · Companies · 1 hr ago
Indonesia’s Sharia Council Hopes Danantara Sharia Unit Is Set Up in 2027
Indonesia’s National Sharia Council hopes Danantara can form the unit in 2027.
Danantara is a state investment superholding, and the proposed Danantara Syariah would be a Sharia-focused holding within its structure.
It would coordinate Sharia-compliant businesses in areas such as banking, insurance and capital markets.
Council chairman M. Cholil Nafis says Danantara has no unit dedicated to these businesses at present.
He says a separate legal entity or new law would not be needed.
Discussions with Danantara chief executive Rosan Roeslani have not been completed, and the council is waiting for further consideration inside Danantara.
The plan depends on Danantara’s leadership and presidential approval, while the council says it will offer further input.
Indonesia’s National Sharia Council hopes Danantara Sharia will be established in 2027.
The proposed unit would coordinate Sharia-based businesses across Danantara, including banking, insurance and capital markets.
Council chairman K.H. M. Cholil Nafis said discussions with Danantara CEO Rosan Roeslani had begun but were not yet complete.
Nafis said the unit could be set up as a holding company under Danantara and would not require a new law or separate entity.
Its creation depends on decisions by Danantara’s leadership and approval from the president.
- Who
- Indonesia’s National Sharia Council (DSN MUI) and Danantara. Council chairman K.H. M. Cholil Nafis outlined the proposal.
- What
- DSN MUI hopes Danantara Sharia will be established as a holding unit to coordinate Sharia-based businesses.
- When
- The council hopes it will be set up in 2027. Discussions had taken place by late September 2026.
- Where
- Within BPI Danantara, Indonesia’s superholding.
- Why
- To coordinate Danantara’s Sharia-based businesses, including banking, insurance and capital markets.
This story does not have two clearly opposing sides.
DSN MUI met with Danantara CEO Rosan Roeslani and other parties to discuss Sharia business development and the proposed unit.
Nafis said discussions were unfinished and DSN MUI was waiting for Danantara to continue them.
DSN MUI hopes Danantara Sharia will be established.
- Proposed unit
- Danantara Sharia
- Target year
- 2027
- Council chairman
- K.H. M. Cholil Nafis
- Danantara CEO
- Rosan Roeslani
- Proposed structure
- Holding under BPI Danantara’s superholding
- Sectors to coordinate
- Banking, insurance and capital markets
What people are saying
There is currently no one at Danantara specifically handling Sharia.
The discussion was not yet complete, and he promised it would be discussed more intensively and specifically for the formation of Danantara Sharia.
Hopefully, I pray for that. Actually, it just needs a decision from Mr. Rosan, approval from the President, and it is done. No new law is needed.