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KBLI Navigator/Section K/65204
KBLI 65204

Sharia Re-Guarantee

Penjaminan Ulang 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 Re-Guaranteeing, Open Nationally and Clear in Bali

A fully sharia-based re-guaranteeing activity for the financial obligations of sharia guarantee companies, open nationally to 100% foreign ownership and not blocked for PMA registration in Bali.

By the numbers
National foreign-ownership ceiling
100%
Scales open to
Mikro, Kecil, Menengah, Besar
Bali status
Registrable in Bali
National source
Perpres 10/2021, 49/2021
The honest Bali conclusion is clear: this activity is not blocked for PMA registration in Bali today.
What Changed

KBLI 2020→2025 mapping: bps only.

What You Need

Nationally, this is fully open to 100% foreign ownership. In Bali, the activity is classified as medium-high/high risk, so it’s not blocked by the current moratorium—but the authorities will closely verify your business address. You will need a real, physical office that meets the requirements for higher-risk licensing, not a virtual setup.

Who This Is For

This is for foreign entrepreneurs with deep expertise in Islamic reinsurance or guarantee instruments who plan to serve Indonesia’s Sharia financial sector.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 65222

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 re-guarantee business in Indonesia?
Yes. KBLI 65204 (Penjaminan Ulang 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 65204?
KBLI 65204 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 65204?
KBLI 65204 is the Indonesian business classification code for "Penjaminan Ulang Syariah" (Sharia Re-Guarantee). 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

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65202Section K

Sharia Reinsurance

Reasuransi Syariah

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

Conventional Reinsurance

Reasuransi Konvensional

→
🏝️✅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
65302Section K

Sharia Employer Pension Fund

Aktivitas Dana Pensiun Pemberi Kerja Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65303Section K

Conventional Financial Institution Pension Fund

Aktivitas Dana Pensiun Lembaga Keuangan Konvensional

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

Ready to register this business?

Bali Zero handles PT PMA setup, KBLI registration, NIB, and all licensing for KBLI 65204.

PT PMA Setup

IDR 20.000.000

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Virtual Office

IDR 5.000.000

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