Business · Markets · 3 hrs ago
Indonesia’s Sharia Stock Index Falls 45% in 2026
Indonesia’s Sharia Stock Index fell 45.10% through October 2026, according to the country’s Financial Services Authority, known as OJK.
The index stood at 169.42 in October, down from 308.61 at the end of 2025, as the broader Indonesian stock market also faced pressure.
The market value of Sharia-listed shares fell to Rp4,304.17 trillion, from Rp8,971.68 trillion at the end of 2025, and those shares made up 48.80% of the stock exchange’s total market value.
Sharia finance refers to financial products designed to follow Islamic rules, and Indonesia’s figures show stock market losses alongside growth in other areas.
Corporate sukuk, a type of Islamic bond, rose 13.44% from the end of 2025 to Rp100.07 trillion, while Sharia bank financing grew 12.05% year on year to Rp757.32 trillion by September.
The figures show mixed results across Indonesia’s Sharia finance industry, with no further steps specified.
Indonesia’s Sharia Stock Index fell 45.10% year to date through October 2026, according to the Financial Services Authority (OJK).
The index stood at 169.42 in October, down from 308.61 at the end of December 2025.
The market value of Sharia-compliant shares fell to Rp4,304.17 trillion from Rp8,971.68 trillion over the same period.
Sharia-compliant shares made up 48.80% of the Indonesia Stock Exchange’s total market value, with 579 shares in the category.
Other parts of Islamic finance grew, including corporate sukuk and Islamic banking financing.
- Who
- Indonesia’s Sharia Stock Index (ISSI), tracked by the Financial Services Authority.
- What
- The index fell 45.10% year to date through October 2026.
- When
- Through October 2026; the figures were discussed on November 5, 2026.
- Where
- Indonesia.
- Why
- The article says the index fell alongside pressure on the Jakarta Composite Index; it does not state a deeper cause.
This story does not have two clearly opposing sides.
The ISSI closed at 308.61, and Sharia stock market value stood at Rp8,971.68 trillion.
Islamic banking financing reached Rp757.32 trillion, up 12.05% year on year.
The ISSI stood at 169.42, down 45.10% year to date, and Sharia stock market value was Rp4,304.17 trillion.
OJK deputy chairman Hernawan Bekti Sasongko discussed the index’s performance at a virtual news conference.
- ISSI decline
- 45.10% year to date through October 2026
- ISSI level
- 169.42 in October 2026
- Sharia stock market value
- Rp4,304.17 trillion in October 2026
- Sharia share of exchange market value
- 48.80%
- Number of Sharia shares
- 579 in October 2026
What people are saying
the performance of the Indonesia Sharia Stock Index year to date is still under pressure