Seeing the Huge Potential of the Halal Industry, Investree Syariah Aims for Additional Institutional Lenders

There is still a large unexplored sharia business potential, making Investree Syariah, a business unit lending owned by Investree, will focus on expanding its financing products and targeted business segments this year. Look for Actioncalendar institutions are also a series of corporate strategies to achieve them.

Based on Investree data, over the past year Investree Syariah recorded a disbursement of Rp229,8 billion with a growth of 107% from the previous year. The financing is for 163 borrowers with a contribution of 3.228 Actioncalendar. The contribution figure is 7,2% of the total portfolio investree, has a market share of 13% of all players sharia in Indonesia.

VP Sharia Investree Arief Mediadianto said the trade sector is predicted to still dominate the sharia financing portfolio this year. However, other sectors such as IT services have the potential to return to good growth triggered by last year's performance.

"Investree Syariah's financing target at the end of this year is IDR 320 billion, up 50% from last year's IDR 220 billion. So according to our target, the contribution can be more than 7% of Investree's financing portfolio," he said in a virtual press conference, yesterday (6/5).

Meanwhile, in Q1 2021, Investree Syariah has distributed financing of Rp. 10 billion. It is targeted that in the next quarter it can reach Rp50 billion. According to Investree Co-Founder & CEO Adrian Gunadi, there is a lot of potential and momentum in the quarter, such as Lebaran and Ramadan, which allows businesses to expand more.

Adrian continued, there are at least four focuses that the company will run to boost sharia financing this year. First, increase funding sources from Actioncalendar institution. For this reason, his party is actively building collaboration with Islamic commercial banks, BPR / BPD sharia. Composition between Actioncalendar institutions with retail in Investree Syariah is 60:40.

Previously, BRI Syariah (now Bank Syariah Indonesia) was one of the Actioncalendar institutions at Investree Syariah. According to Adrian, the finalization of the collaboration with BSI is in the process of being explored. "There are already several discussions in the advanced stage, hopefully this Q2 can be realized," he said.

Second, build closer collaboration with the halal industry, including tourism and health. Third, build an ecosystem of halal cooperation, as the company has done with Dompet Dhuafa for the financing of sacrificial animals. Lastly, enriching sharia products for the supply chain.

Currently, sharia products available at Investree Syariah include Invoice Financing, Sharia Pre-Invoice Financing, Sharia Working Capital Term Loans, and Sharia Retail Seller Financing. The biggest contribution came from Invoice Financing with 89%, the rest came from other products.

"We will add product variations to make it richer and the public can have many financing options that are in accordance with the business model," he concluded.

The large Muslim population in Indonesia is considered a great opportunity for sharia-based services to grow. In the landscape  In addition to Investree, there are several players who also focus on sharia financing, including Alami, amanna, and SharQ. Platforms fintech Others such as LinkAja (payments) and Tamasia (investment) have also started offering sharia options to their users.