Faith, Finance and Future Growth: Capturing Indonesia’s Sharia Banking Opportunity

By Tushar AgarwalAisyah RachmawatiMiftah MizanErnest Saudjana, and Edwin Utama
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Indonesia’s Sharia banking market holds significant untapped potential, but capturing it requires a deeper understanding of who today’s consumers are and what truly drives their choices across faith, value, and convenience.

This paper profiles Indonesia’s Sharia consumer segments and shows how industry players can win growth by tailoring products, propositions, and engagement strategies that build trust, relevance, and long-term adoption.