KBLI 65202

Sharia Reinsurance

Reasuransi Syariah

🏦 Section K — Financial & Insurance Activities

Bali record: not blocked by the provincial restriction; national ownership and licensing rules still apply

Instrument locator: Perpres 10/2021 Pasal 11(2) — financial/banking business fields follow their own sector legislation

⚠️Restricted· Max 80%High RiskRegistrable in Bali· medium conf.OSS risk at scale Besar is Menengah-Tinggi/Tinggi → not blocked by moratoriumOSS-verified · KBLI 2025

Sharia Reinsurance: Capped at 80% Nationally, Still Defined by Risk

This activity manages risk under sharia principles for insurers, guarantee companies and fellow reinsurance businesses, with an 80% national ownership cap under PP 14/2018 and no Bali moratorium block.

Foreign investment is capped at 80% ownership nationally under PP 14/2018, 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 capped at 80% foreign ownership under PP 14/2018 Pasal 5(1). 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 OwnershipMax 80%

ProcessingSesuai ketentuan OJK/BI

Authoritative 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)

PP 14/2018, PP 3/2020 (sector law — Perpres 10/2021 Pasal 11(2) carve-out, not the Perpres 10/2021/49/2021 annexes)Verified2020-01-20

The current whole-code foreign-ownership verdict has an adjudicated official basis and source vintage in the canonical record.

locator: PP 14/2018 Pasal 5(1) jo. PP 3/2020 Pasal I angka 1 (Kepemilikan Asing pada Perusahaan Perasuransian dilarang melebihi 80% dari modal disetor). 'Perusahaan Perasuransian' includes 'perusahaan reasuransi syariah' BY NAME per UU 40/2014 Pasal 1 angka 14. Perpres 10/2021 Pasal 11(2) carves the financial/banking bidang usaha out to sector law — the Perpres 10/2021/49/2021 annexes and residual-open default never applied here.

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 2026-08-15 · 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?

Partially. KBLI 65202 (Reasuransi Syariah) is TERBATAS — foreign ownership is capped at 80%. Condition: Foreign ownership max 80% of paid-up capital (PP 14/2018 Pasal 5(1) jo. PP 3/2020); listed companies (perseroan terbuka) exempt; pre-2018 holdings above 80% grandfathered without increase. (Source: PP 14/2018, PP 3/2020 (sector law — Perpres 10/2021 Pasal 11(2) carve-out, not the Perpres 10/2021/49/2021 annexes).)

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.

How did KBLI 65202 change from KBLI 2020 to 2025?

According to the official BPS 2020 → 2025 crosswalk, KBLI 65202 has recorded KBLI 2020 ancestor(s) 65212, 65213. This is provenance only, not a licensing claim; no predecessor licensing regime is asserted to transfer. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

65203Section K

Conventional Re-Guarantee

Penjaminan Ulang Konvensional

→

❓PMA unverifiedHigh Risk

65201Section K

Conventional Reinsurance

Reasuransi Konvensional

→

Registrable in Bali⚠️Restricted· Max 80%High Risk

65204Section K

Sharia Re-Guarantee

Penjaminan Ulang Syariah

→

❓PMA unverifiedHigh Risk

65132Section K

Sharia Guarantee Services

Penjaminan Syariah

→

❓PMA unverifiedHigh Risk

65301Section K

Conventional Employer Pension Fund

Aktivitas Dana Pensiun Pemberi Kerja Konvensional

→

❓PMA unverifiedHigh Risk

65131Section K

Conventional Guarantee Services

Penjaminan Konvensional

→

❓PMA unverifiedHigh Risk

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Sharia Reinsurance

Reasuransi Syariah

🏦 Section K — Financial & Insurance Activities

Bali record: not blocked by the provincial restriction; national ownership and licensing rules still apply

Instrument locator: Perpres 10/2021 Pasal 11(2) — financial/banking business fields follow their own sector legislation

⚠️Restricted· Max 80%High RiskRegistrable in Bali· medium conf.OSS risk at scale Besar is Menengah-Tinggi/Tinggi → not blocked by moratoriumOSS-verified · KBLI 2025