DSN-MUI and OJK move to strengthen sharia compliance in finance

JAKARTA — The National Sharia Council of the Indonesian Ulema Council (DSN-MUI) is strengthening its partnership with the Financial Services Authority (OJK) to oversee sharia compliance in the financial industry, according to Antara. The report was published on 20 October 2026.

DSN-MUI chairman Cholil Nafis opened the 22nd annual meeting of sharia supervisory boards, known as Ijtima' Sanawi DPS, in Jakarta on Tuesday. According to Antara, he said the two bodies must work together so that oversight and regulation move in step. The forum is organised by DSN-MUI with the OJK and runs from 20 to 22 October 2026.

Cholil Nafis said closer coordination would help ensure that sharia supervisory boards carry out their duties in line with sharia principles and DSN-MUI fatwas. He said the boards remain linked to DSN-MUI even though they supervise individual financial institutions. "We, the DSN and the DPS, are one inseparable unit," he said, according to Antara.

He also called for more effective guidance and communication between DSN-MUI, the OJK and the boards. He said this could help resolve problems that the boards face. On business innovation, he said products must be developed with sharia rules in mind, not only commercial goals. "Keep innovating, but keep ensuring that it conforms with sharia," he said.

Antara did not report any specific problems facing the boards, any new rules, or any outcomes of the forum. The article does not give the number of participants.

Background

Antara reported that the meeting is linked to a pre-forum, the Pra-Ijtima' Sanawi DPS XI, held alongside the main event. The article also links to other Antara reports on OJK plans for sharia finance literacy and on a DSN-MUI fatwa supporting stock investment under sharia rules. These links were not described in detail in the article.