KONTAN.CO.ID - JAKARTA. Mandiri Utama Finance (MUF) recorded positive performance in the distribution of new sharia-based financing as of January 2025.

Head of Corporate Secretary & Legal Mandiri Utama Finance Elisabeth Lidya Sirait said that the distribution of new sharia-based financing at MUF reached IDR 335.2 billion as of January 2025. This figure grew 12% year on year (YoY).

Elisabeth explained that this growth was driven by the increasing public interest in sharia-based financing, along with the growing awareness of sharia financial principles.

Meanwhile, until December 2024, Elisabenth said, the distribution of new sharia-based financing at MUF reached IDR 4 trillion. This figure increased by 11% YoY.

"We hope this positive trend can continue throughout 2025," Elisabeth told Kontan, Monday (2/17).

Furthermore, Elisabeth sees the prospect of sharia financing in 2025 will remain strong and has the potential to grow better. She said that several factors that support this growth include increasing public preference for sharia-based products, increasingly conducive regulatory support, and MUF's synergy with Bank Syariah Indonesia (BSI) in the joint financing scheme.

In addition, she said that increasing sharia financial literacy among the public has also contributed to driving demand for sharia financing products at MUF.

The sharia financing segment at MUF is currently dominated by car financing, both new and used cars.

Not only that, she said that sharia-based electric vehicle financing has also experienced growth in line with increasing market demand for environmentally friendly vehicles.

MUF is targeting growth in new sharia-based financing this year to reach IDR 4.7 trillion.

To achieve this target, Elisabeth said, MUF will continue to encourage the strengthening of the sharia financing ecosystem by expanding the network of dealer and showroom partners, as well as increasing collaboration with Bank Syariah Indonesia (BSI) as a strategic partner in distributing sharia financing.

For information, based on the latest data from the Financial Services Authority (OJK), new sharia-based financing receivables for multifinance grew double digits to IDR 26.52 trillion in November 2024. This value increased by 11.97% YoY or annually.

OJK explained that the growth in new sharia-based financing receivables for multifinance was supported by an increase in investment financing and service financing.