The financial performance of sharia banking in the third quarter of 2025 showed a positive trend, which can be seen from the soaring financing growth of PT Bank Syariah Indonesia Tbk (BSI), PT Bank BTPN Syariah Tbk, and PT Bank Aladin Syariah Tbk.
PT Bank Syariah Indonesia Tbk (BSI) recorded performance that exceeded the national banking industry average in the third quarter of 2025, one of which was total financing which increased 12.65% from the previousyear (year-on-year / YoY) to IDR 301 trillion.
President Director of BSI Anggoro Eko Cahyo said that the positive financing growth was supported by maintained financing quality with a grossnon-performing financing(NPF) rate of 1.84%, down 13 basis points (bps) YoY.
"As of September 2025, Bank Syariah Indonesia was able to book a net profit of Rp5.57 trillion or grew 9.04% year-on-year," he said at a press conference in Jakarta (29/10).
Not only profit, he said the company's total assets also grew supported by an increase in third-party funds (DPK) of 15.66% YoY to Rp348 trillion, with total low-cost funds(Current Account Savings Account/CASA) reaching Rp207 trillion, growing 12.37% YoY to Rp417 trillion as of the end of September 2025.
Anggoro stated that the positive performance achievement was due to the development of the gold business, which has now become a new growth engine for the company.
He said, amid the upward trend in gold prices, the bulion business activity license opens up opportunities for diversification of the company's income through sharia-based gold investment services.
According to him, the gold business opportunity in Indonesia is still wide open, reflected in the increasing number of people who have shifted their investments from savings and deposits to gold products over the past three years.
To optimize these opportunities, the company continues to develop service digitalization through various transaction channels, one of which is the BYOND mobile application which currently has 5.23 million users, up 164% since the beginning of theyear (year-to-date/ytd).
BSI also expanded service digitization through 5,859 ATM machines, growing 55% yoy, EDC machines in 23 thousand merchants, jumping 436% yoy, QRIS in 527 merchants, up 30% yoy, and the BEWIZE platform which has 34 thousand users, increasing 46% yoy.
BTPN Syariah performance also grew
Business growth was also recorded by PT Bank BTPN Syariah Tbk (BTPS). In the third quarter of 2025 BTPS posted a consolidated net profit that grew by double digits, namely 23%on an annual basis(year on year / yoy), reaching Rp945 billion. The quality of financing is the main foundation that supports the bank's net profit growth consistently for three consecutive quarters.
"Customer discipline and cohesiveness are the main strengths in maintaining the quality of financing and the growth of the Bank's performance. We are grateful to be able to go through this period well, ensuring quality financing is our effort to ensure solid financial performance," said BTPN Syariah Director Fachmy Achmad in a press statement received by SUAR in Jakarta (29/10/2025).
By the end of September 2025, BTPN Syariah's financing disbursement reached Rp9.8 trillion. The Bank's financial ratios also remained strong with a return on assets (ROA) of 7.5% and a capital adequacy ratio (CAR) of 57.4%.
BTPN Syariah builds four superior customer behaviors called "BDKS", namely courage to try, discipline, hard work, and mutual assistance, so that they are able to survive and grow in various situations.
According to the company, customer discipline has a direct impact on the smoothness of installment payments and the solidity of the Bank's financial performance. This effort is also inseparable from the intensive assistance provided by community officers (CO) as the spearhead in serving the community so that financial inclusion can be realized.
BTPN Syariah also continues to strengthen the capacity of community officers through various internal talent development programs. The bank believes that their intensive mentoring is key in maintaining financing quality and encouraging superior customer behavior.
As a form of appreciation for their dedication and performance, the Bank gives special awards to outstanding community officers , one of which is the opportunity to accompany customers in the One Plane Umrah Program for inspirational centers.
On the customer side, BTPN Syariah appreciates customer discipline through various reward programs, not only the Umrah One Plane Program but also incentives for individuals with good payment history and prizes for centers that are considered to show BDKS attitude.
Fachmy said that he hopes this appreciation will not only motivate customers to continue to consistently carry out the four excellent behaviors, but also inspire other centers across the country.
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Aladin Bank business growth
In line with BSI and BTPS, PT Bank Aladin Syariah (BANK) also recorded business growth. In the third quarter of 2025, it recorded a profit of IDR 128.15 billion. This figure shot up 262.21% from the same period last year minus IDR 79 billion.
As quoted from the disclosure of information on the Indonesia Stock Exchange (IDX) on (29/10), the impact is earnings per share to Rp9 from the previous year's Rp6. Total fund management income by the bank as mudharib was Rp595.57 billion, up from Rp428.01 billion.
Meanwhile, total other operating income was Rp368.96 billion, up from Rp99.82 billion. That includes banking fees income of Rp328.1 billion, a surplus from Rp87.58 billion. Gain on sale of securities of Rp40.8 billion, up from Rp12.25 billion. Foreign exchange gain of Rp50 million, up from minus Rp17 million.
Defending the Islamic Finance Market
Economic Observer at the Institute for Development of Economics and Finance (Indef) Eko Listiyanto said that in order for the Islamic finance market to continue to grow, it is necessary to strengthen marketing and education strategies.
Emphasize sharia values, ensure that all marketing activities are in line with sharia principles such as justice, honesty, and the prohibition of usury, and increase education about the advantages of sharia products to the public.
"Create innovative and competitive new products to meet the needs of various market segments, such as special savings for the younger generation," he told SUAR in Jakarta (29/10/2025).
OJK Banking Supervision Executive Head Dian Ediana explained that OJK also continues to strengthen collaboration and strategic alliances for the development of Islamic finance, including increasing Islamic financial literacy and inclusion.
There are several steps taken, among others, through the organization of the Periodic Meeting of the Sharia Finance Development Committee (KPKS) on September 15, 2025, which was attended by internal members and external members of KPKS, led by the Chairman of KPKS.
The Periodic Meeting discussed KPKS recommendations for the development of Islamic finance in various sectors, especially related to the roadmap for the development and strengthening of Islamic banking, debt ratio adjustment strategies, bullion business activities based on sharia principles, and issues related to sharia crypto assets.
