KONTAN.CO.ID - JAKARTA. PT Wahana Ottomitra Multiartha Tbk (WOM Finance) recorded sharia financing receivables worth IDR 200 billion until the end of December 2024.

WOM Finance Finance Director Cincin Lisa explained that the company's sharia financing receivables grew 20% annually, aka year on year (YoY).

"The company has developed and offered a variety of more diverse sharia financing products, such as motor vehicle financing to multipurpose financing, this is the driving factor," Cincin told Kontan, Tuesday (21/1).

In addition, WOM Finance is also taking various strategic steps to optimize sharia financing receivables. Among them, diversifying products to help reach various market segments and increasing the company's sharia financing volume.

Then, the company also makes more intensive marketing efforts to increase consumer understanding of sharia financing products, as well as their advantages compared to conventional products.

Throughout 2025, WOM Finance targets sharia financing receivables to reach IDR 365 billion.

To achieve the sharia financing receivables target, WOM Finance will focus on product development, more effective marketing, expanding market reach, utilizing technology and careful risk management.

"With an integrated strategy based on consumer needs and sharia principles, the company hopes to accelerate the achievement of targets and create sustainable growth," he said.

Just so you know, based on the latest data from the Financial Services Authority (OJK), multifinance sharia financing receivables grew double digits to IDR 26.52 trillion in November 2024. This value grew 11.97% annually.

The growth in multifinance sharia financing receivables was supported by an increase in investment financing and service financing.

OJK also predicts that multifinance sharia financing will continue to grow positively in 2025.