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KBLI Navigator/Section K/66302
KBLI 66302

Sharia Investment Management

Manajemen Investasi Syariah di Pasar Keuangan

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskRenumbered🏝️✅Registrable in Bali· medium conf.

This covers the Sharia-compliant management of securities portfolios, collective investment schemes, and other investment portfolios on behalf of a group or individual clients. It includes Islamic fund management, where all investments and operations adhere to Islamic principles.

What Changed

KBLI 2020→2025 mapping: codice rinumerato.

What You Need

Nationally, this activity is 100% open to foreign ownership (PMA). In Bali, the island-wide moratorium (in force since 13 May 2026) only halts PMA registrations for Low and Medium-Low risk lines — this KBLI's large-scale (Besar) risk class is higher, so it is not caught: PMA registration in Bali remains possible.

Who This Is For

This suits a foreign Sharia-compliant asset management firm or fund manager looking to offer Islamic portfolio management services to clients.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66312— PP28 usa codice KBLI 2020 66312 (Manajer Investasi Syariah...). Match: 79%
Common Questions
Can foreigners operate a sharia investment management business in Indonesia?
Yes. KBLI 66302 (Manajemen Investasi Syariah di Pasar Keuangan) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66302?
KBLI 66302 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66302?
KBLI 66302 is the Indonesian business classification code for "Manajemen Investasi Syariah di Pasar Keuangan" (Sharia Investment Management). 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 66302 change from KBLI 2020 to 2025?
KBLI 66302 was mapped from previous code 66312 (KBLI 2020). PP28 usa codice KBLI 2020 66312 (Manajer Investasi Syariah...). Match: 79% The code was renumbered but the business activity scope is essentially unchanged. 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

66303Section K

Commodity Futures Fund Management

Manajemen Investasi di Perdagangan Berjangka Komoditas

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66301Section K★

Conventional Investment Management

Manajemen Investasi Konvensional di Pasar Keuangan

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66309Section K

Other Fund Management

Aktivitas Manajemen Dana Lainnya

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66299Section K

Other Insurance & Pension Support Services

Aktivitas Penunjang Lainnya untuk Asuransi, Penjamian, dan Dana Pensiun Ytdl

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66292Section K

Insurance & Pension Fund Supervision

Aktivitas Pengawasan Jasa Keuangan Asuransi dan Dana Pensiun

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66291Section K

Actuarial Advisory

Aktivitas Advisori Aktuaria

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

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