Indonesia’s House of Representatives (DPR) Commission XI has affirmed its commitment to closely monitor the default case involving PT Dana Syariah Indonesia (DSI). To address this pressing issue, the Commission convened a closed-door meeting with the Financial Services Authority (OJK) on Wednesday, November 19.
The crucial closed meeting saw the attendance of Agusman, the Chief Executive of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML) at the OJK. This engagement underscores the regulatory body’s direct involvement in overseeing the unfolding situation.
“Commission XI is prepared to oversee the resolution of this case. During the meeting, we secured a commitment from the OJK to regularly present updates regarding the resolution of lender defaults by Dana Syariah Indonesia,” stated Harris Turino, a member of DPR RI Commission XI, in information received by Katadata.co.id on Friday, November 21.
Harris further emphasized that Commission XI is actively advocating for the full reimbursement of funds to lenders by this sharia-compliant peer-to-peer lending startup. This push highlights the legislative body’s focus on protecting the interests of the affected investors.
Baca juga:
- Dana Syariah Indonesia Beberkan Penyebab Dana Lender Nyangkut Rp1,5 Triliun
- Dana Syariah Indonesia Bentuk Badan Khusus untuk Selesaikan Gagal Bayar Lender
- Dana Lender Nyangkut Rp1,5 T, Dana Syariah Indonesia Janji Bayar Mulai 2026
As of November 18, the PT DSI Lender Association reported that over 3,312 lenders had registered their grievances. The total value of funds currently trapped within Dana Syariah Indonesia amounts to a staggering Rp 1.5 trillion.
Information obtained by the Association from Dana Syariah Indonesia’s management indicates that this figure represents only about 24% of the total 14,000 active lenders. Consequently, the actual sum of outstanding funds is likely to be significantly higher, painting a more severe picture of the crisis.
“Our hope is that the PT DSI case can be resolved completely. This not only concerns the fate of PT DSI‘s lenders but also impacts the sharia business ecosystem in Indonesia itself,” Harris added, highlighting the broader implications of the default on the nation’s Islamic finance sector.
Earlier, the PT DSI Lender Association had formally submitted a letter to Commission XI, requesting an audience to present their concerns. “Formally, we have sent a letter,” stated Muhammad Munir, an official from the Lender Association, during a press conference on Wednesday, November 19, underscoring their proactive efforts to seek parliamentary intervention.
Dana Syariah Indonesia Janji Bayar Lender dalam Setahun
In a significant development, Dana Syariah Indonesia has formally committed to fully return lender funds within one year. This pledge takes effect from the date of the agreement’s signing between the company and the lender association on Tuesday, November 18.
The agreement between PT DSI and the Lender Association outlines several key points:
- The formal recognition of the association as the sole official representative of lenders to the OJK. This measure aims to streamline communication, coordination, and the entire obligation fulfillment process.
- The establishment of an Executive Resolution Body (BPP). The formation and mandate of this body will be detailed in a specific Charter of Agreement for the Resolution of PT DSI Lender Fund Repayment Issues. The association will maintain its independence, acting as an oversight entity for the BPP, rather than being integrated into its structure.
- A target resolution period of one year. The fund repayment process is slated for completion within a year from the agreement’s signing on Tuesday, November 18.
- Commitment to regular progress reports. Dana Syariah Indonesia has pledged to provide weekly updates on the fund repayment progress to the lender association.
“We hope this resolution can be achieved faster than one year, or at least our estimate is that it can be completed within one year,” stated Taufiq Aljurfri, President Director of PT DSI, during a press conference on Wednesday, November 19, expressing optimism for a swift and satisfactory outcome.
Summary
Indonesia’s House of Representatives (DPR) Commission XI is closely monitoring the default case involving PT Dana Syariah Indonesia (DSI), a sharia-compliant peer-to-peer lending startup. Following a meeting, the Financial Services Authority (OJK) committed to providing regular updates on the resolution. Commission XI is advocating for the full reimbursement of Rp 1.5 trillion in trapped funds, affecting over 3,312 registered lenders and potentially impacting Indonesia’s sharia business ecosystem.
In a significant development, Dana Syariah Indonesia has formally pledged to fully return lender funds within one year, starting from an agreement signed on November 18 with the Lender Association. This agreement recognizes the association as the official lender representative and establishes an Executive Resolution Body (BPP). DSI also committed to providing weekly progress reports on the fund repayment process.
