Sharia child education financing can be a practical solution for parents struggling to keep up with the ever-rising cost of schooling. From tuition fees and textbooks to learning supplies, education costs in Indonesia have been climbing steadily — often outpacing general inflation — making it a real financial challenge for many families.
In Islamic values, parents hold the responsibility of ensuring their children receive the best possible education as a foundation for their future. Education, therefore, is not only essential for a child's worldly success, but also plays a vital role in shaping them into an independent and contributing member of society.
So, what exactly is sharia child education financing, and how do you apply for it? Read on for a complete breakdown.
Why Education Costs Keep Rising in Indonesia
Rising education costs are not something to take lightly — they can significantly strain a family's finances.
According to data from BPS (Statistics Indonesia), education costs across all school levels have been increasing year after year. This trend has pushed many parents to start planning their finances early to ensure their children's educational needs remain covered.
Here are the key factors driving this ongoing increase:
1. Rising UKT and SPP Fees
One of the main contributors to education cost inflation is the increase in UKT (Single Tuition Fee) and SPP (Education Development Contribution), particularly at the university level. These are core expenses that directly support academic activities and school operations.
When education costs rise faster than income, families can find themselves financially stretched — forced to prioritize tuition fees over other essential needs.
2. Global Inflation
Global inflation plays a significant role as well. As the prices of goods and services rise worldwide, the cost of teaching materials and school operations rises with them. Unfortunately, these increases rarely align with people's income growth, reducing purchasing power and making it harder for parents to afford quality education for their children.
3. Rising School Operational Costs
Increased operational expenses — from facility maintenance and teacher salaries to educational equipment — also push schools to adjust their fees. This typically shows up as higher registration fees, monthly SPP, and other educational charges passed on to parents.
What Is Sharia Child Education Financing?
Sharia child education financing is a financing service offered by Islamic banks or sharia-compliant financial institutions, designed to help cover formal education costs — without charging interest.
One commonly used method is the ijarah multijasa contract, in accordance with DSN-MUI fatwa. This type of financing is intended to help customers meet specific needs, including school admission fees for students from elementary school (SD) all the way through university (S1).
The Advantages of Sharia Child Education Financing
Beyond helping cover school expenses, sharia child education financing comes with several benefits that can give parents greater peace of mind:
- Sharia-compliant principles — Every transaction is conducted fairly and in accordance with Islamic guidelines.
- Full transparency — The contract (akad) is clear and open, so customers know exactly how much they'll pay in installments and what margin applies.
- Fixed installments — A consistent repayment schedule makes it easier for parents to budget throughout the school year.
- Multi-level coverage — Applicable for a wide range of education levels, from elementary school through higher education.
Sharia Financing Products for Your Child's Education
One institution offering sharia-based financing is BFI Finance, through its Sharia Business Unit (Unit Usaha Syariah), which is officially licensed and supervised by the OJK (Financial Services Authority) and the DPS (Sharia Supervisory Board). All financing processes are conducted transparently and in line with sharia principles.
One product that can be used to support your child's education needs is the Sharia Multipurpose Financing (Pembiayaan Multiguna Syariah), with a car BPKB as collateral. This product can be used for a variety of needs — including education expenses — using a sharia-compliant contract as its legal basis.
This product uses the Akad Al Bai' Wa Al Isti'jar — a sale and leaseback structure where the asset is sold and then leased back to the original owner. At the end of the lease period, the buyer commits to gifting the asset back to the seller.
Requirements for Sharia Child Education Financing
Before submitting your application, make sure you have the following documents and requirements ready:
- Personal ID card (KTP) — and your spouse's, if married
- Family registration card (Kartu Keluarga / KK)
- Proof of home ownership
- Proof of income for yourself and your spouse (e.g., payslip or income statement letter)
- Status as a permanent employee or business owner for a minimum of 2 years
- Tax Identification Number (NPWP)
For more detailed information on requirements, you can also contact BFI Finance's Customer Care at 1500018.
How to Apply for Sharia Child Education Financing at BFI Finance
Applying for sharia child education financing at BFI Finance is flexible — you can do it offline or online, whichever is more convenient for you.
Applying Offline
Visit your nearest BFI Finance Syariah branch. Use the branch locator on the website, enter your city, village (kelurahan), or district (kecamatan) to find the closest branch, then head there with your required documents in hand.
Applying Online via Website
- Visit the BFI Finance website.
- Click the "Products" menu at the top of the page.
- Select "Sharia Financing".
- Scroll down to browse available sharia financing products.
- Choose "Multipurpose Financing".
- Click "View Our Products", then select "Apply Now" on the My BFI Share product.
- Fill in the application form carefully and completely.
- Submit the form and wait for verification from the BFI Finance Syariah team.
Applying via BFI Mobile App
Simply download the BFI Mobile app from the Play Store or App Store. Register your account, then select the "Multiguna Syariah" menu to start your application.
Ready to Secure Your Child's Future?
That's everything you need to know about applying for sharia child education financing at BFI Finance. With both offline and online application options available, this service offers a practical and principle-based solution for meeting your child's educational needs — all in line with sharia values.
Through the Sharia Multipurpose Financing from BFI Finance's Sharia Business Unit, you can access financing for a range of productive needs, including education expenses. The process is straightforward, the contract is clear, and everything is fully aligned with sharia principles — officially licensed and supervised by the OJK and DPS.
So go ahead and apply for the financing that suits your needs, and experience greater peace of mind with BFI Finance Syariah — #JauhLebihTenang.
