The launch of Bank Syariah Matahari by Muhammadiyah’s Central Leadership (PP Muhammadiyah) in mid-July 2025 marks a new chapter for Indonesia’s largest Islamic organization in the national economic arena. The bank’s inauguration came just a year after Muhammadiyah withdrew over Rp13 trillion from Bank Syariah Indonesia (BSI) in 2024, prompting interpretations ranging from a push for economic independence to a calculated repositioning of financial power. To subscribe please click here
