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KBLI Navigator/Section K/65202
KBLI 65202

Sharia Reinsurance

Reasuransi Syariah

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskNew in 2025🏝️✅Registrable in Bali· medium conf.✓OSS-verified · KBLI 2025

Sharia Reinsurance: Fully Foreign-Open, Still Defined by Risk

This activity manages risk under sharia principles for insurers, guarantee companies and fellow reinsurance businesses, with a clear national opening and no Bali moratorium block.

By the numbers
National foreign-ownership ceiling
100%
Open business scales
Mikro, Kecil, Menengah, Besar
National source
Perpres 10/2021, 49/2021
Bali status
Registrable in Bali
Foreign investment is open nationally at up to 100% ownership, and Bali's moratorium does not block this recorded higher-risk activity.
What Changed

KBLI 2020→2025 mapping: bps only.

What You Need

Nationally, this business field is 100% open to foreign ownership. In Bali, the activity is not blocked by the moratorium, but it is classified as medium-high to high risk, so you should expect additional due diligence or a need to confirm zoning compliance for each specific address before setting up.

Who This Is For

This fits foreign entrepreneurs with deep knowledge of Islamic finance and reinsurance who want to serve the expanding takaful and Sharia-guarantee market through a Bali-based operation.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 65212, 65213

Source: the BPS 2020↔2025 conversion table, mechanically extracted and acceptance-gate verified. It shows which 2020 codes map to this 2025 code — provenance only, not a licensing claim: the regulatory regime of these predecessor codes has not been adjudicated as transferring.

Sources & Verification

Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
OSS RBA risk scope (ruang lingkup)VerifiedKBLI 2025

Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.

locator: OSS_RBA_resiko_2025

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

Conservative posture derived from the risk tier · confidence MEDIUM.

Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.

Common Questions
Can foreigners operate a sharia reinsurance business in Indonesia?
Yes. KBLI 65202 (Reasuransi Syariah) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
What license is required for KBLI 65202?
KBLI 65202 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 65202?
KBLI 65202 is the Indonesian business classification code for "Reasuransi Syariah" (Sharia Reinsurance). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.

Related Codes

65203Section K

Conventional Re-Guarantee

Penjaminan Ulang Konvensional

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65201Section K

Conventional Reinsurance

Reasuransi Konvensional

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65204Section K

Sharia Re-Guarantee

Penjaminan Ulang Syariah

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65132Section K

Sharia Guarantee Services

Penjaminan Syariah

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65301Section K

Conventional Employer Pension Fund

Aktivitas Dana Pensiun Pemberi Kerja Konvensional

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65131Section K

Conventional Guarantee Services

Penjaminan Konvensional

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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IDR 5.000.000

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