Sharia Financial Institution Pension Fund

Nationally, this KBLI is 100% open to foreign ownership. In Bali, it is not blocked by the general moratorium on certain business activities, but it is flagged as medium-high to high risk. This means that while a PMA can be registered, the licensing process will involve closer scrutiny and is subject to address verification — you must secure a commercial location that meets regulatory requirements, and expect additional due diligence from OJK given the financial services nature of the business.