OJK, Jakarta, February 6, 2015: Financial Services Authority (OJK) has published Sharia Financial Development Report for 2013 period. This comprehensive report is a report on the beginning of the period when regulation and supervision over banking sector, including Sharia banking, has been transferred from Bank Indonesia to OJK. Sharia financial development report can be used as the main reference for stakeholders in Sharia finance in order to get complete information periodically about Sharia banking and finance development. That includes information about policy implementation and development of Sharia banking and finance from time to time.

The role and function of Sharia finance and economy in current economic system are expected to be more than before. This is because financial crisis experience has made us realize about the essence of financial institution`s activities and critics on financial practices that have gone too far that they do not relate directly to real sector development or to activities in producing products and services.

As a concept, Sharia economy and finance is based on real transactions that do not involve speculations and also not disregard the true economic and financial foundations. Thereby, the concept does not cause bubbles in economy and financial system. Sharia economy and financial system exists on the base of achieving fairness and distribution of economic prosperity as well as ethical values that are universal and acceptable to various parties.