World number two Saina, who won the title three times -- in 2009, 2010 and 2012 -- lost 21-12 13-21 14-21 to Schenk, ranked fourth, in a contest that lasted for 52 minutes at the Istora Gelora Bung Karno stadium.
It was not Saina's day as the Indian, who holds a 8-3 record against the German, was too erroneous in the execution of her strokes, which helped her opponent to seal a place in the final.
Juliane failed to gauge Saina's strokes and faltered with her execution as she kept hitting long and found the net too often to allow the Indian to race away with the first game with straight 11 points. Saina sealed the game with an over-the-head half smash.
After changing sides, Juliane moved to a 4-0 lead in a flash as nothing went Saina's way. The Indian tried to engage Juliane in rallies and kept pushing the shuttle back and froth but Juliane was up to the task as she moved to 6-0 with Saina hitting wide.
Juliane kept the shuttle flat during serve, retrieved everything and smashed hard to move to 14-6. A couple of missed strokes at the net gave Saina two points but the Indian committed too many unforced errors to allow Juliane gain nine game points at 20-11.
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