Sharia Non-Bank Microfinance
Pembiayaan Mikro Syariah Nonperbankan
🏦 Section K — Financial & Insurance Activities
In Bali: open to a PT PMA
Bank Perkreditan Rakyat (BPR) — Indonesia's rural/community bank providing basic banking services (savings, deposits, and credit) to local communities, SMEs, and individuals in their licensed geographic area. BPR cannot offer giro (checking accounts), cannot participate in national clearing, and cannot conduct international/foreign currency transactions — these are reserved for Umum banks. This is microfinance banking, not commercial banking. **TERBATAS (limited) foreign ownership: maximum 40% foreign shareholding.** Indonesian investors must hold at least 60%. OJK issues the BPR license — this is a full bank license process, not a standard OSS procedure.
What You Need
PP28/2025 Licensing Data4 scales
Requirements (Indonesian)2
Post-License Obligations2
Modal minimum by geographic category (per OJK POJK 5/2015 and updates)
PHASE 1 — OSS / NIB
PHASE 2 — OJK BPR License (12–24 months)
Geographic operational limit
BPRS (Syariah) variant
Typical full timeline
Direct match from KBLI 2020 (MATCH_LANGSUNG). BPR was significantly restructured by **UU 4/2023 (P2SK Law)** which renamed BPR to 'Bank Perekonomian Rakyat' (keeping the same BPR acronym) and expanded the BPR product scope slightly. Key change: BPRs may now offer additional savings products and certain remittance services. The 40% foreign ownership cap is unchanged. OJK transferred BPR supervision fully from BI to OJK, which was completed in 2023.
Bali Intelligence
TKA Eligible Positions
Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi
Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test is mandatory for all directors and commissioners of BPR.
KEDUA Provision — Directors & Commissioners Exemption
Can foreigners operate a sharia non-bank microfinance business in Indonesia?
What license is required for KBLI 64194?
What is KBLI 64194?
How did KBLI 64194 change from KBLI 2020 to 2025?
Related Codes
Other Monetary Intermediation
Perantara Moneter Lainnya Ytdl
Conventional Non-Bank Microfinance
Pembiayaan Mikro Konvensional Nonperbankan
Sharia Cooperative Lending
Aktivitas Pemberian Kredit oleh Koperasi Syariah
Conventional Cooperative Lending
Aktivitas Pemberian Kredit oleh Koperasi Konvensional
Other Sharia Banking
Perbankan Syariah Lainnya
Other Conventional Banking
Perbankan Konvensional Lainnya
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Company registration, KBLI, NIB, domicile
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