What licenses does KBLI 64124 require?

OSS hasn't published the regulatory profile for KBLI 64124 yet. The standard NIB applies, plus sector-specific licenses based on the activity. Confirm with the relevant ministry before incorporating.

What is the minimum capital for a PT PMA under KBLI 64124?

Sector regulator override: IDR 1 trillion required by OJK under POJK 11/2023 (Bank Umum Syariah). This is higher than BKPM Reg. 5/2025's default IDR 2.5 billion paid-up; the higher number wins.

How long does it take to register a business under KBLI 64124?

PT PMA setup typically takes 4-8 weeks end-to-end: AHU registration, NIB via OSS, bank account opening. KBLI-specific licensing depends on the permit instrument required.

Is KBLI 64124 eligible for Indonesian tax incentives?

Not on the Tax Holiday or Tax Allowance priority lists. KBLI 64124 businesses pay the standard 22% PPh Badan; Super Tax Deduction (300% R&D / 200% vocational training) may still apply for qualifying expenses.

Which authority issues the KBLI 64124 license?

Authority depends on the investor profile. For PMA: Minister/Head of Agency (BKPM/OSS). For domestic SME scale: typically Governor (for Provincial scope) or Regent/Mayor (Regency/City scope). Specific mapping is in §1 of this page.

What other permits beyond the NIB does KBLI 64124 need?

Beyond the NIB, no specific auxiliary permits (PB UMKU) are recorded for KBLI 64124. Sector-specific obligations may still apply — verify with the relevant ministry.

What KBLI codes are similar to 64124?

KBLIs in the same subgroup 6412: 64121 (Conventional General Banking); 64122 (Sharia General Banking); 64123 (Other Conventional Banking). These are closely related activities — see the related-codes section below for full list.

KBLI 2025 · 5-digit class

64124Other Islamic Banking

PERBANKAN SYARIAH LAINNYA

Last updated May 16, 2026 · Sourced from OSS Indonesia

other banking system activities based on sharia principles that are different from the general banking system, for example the Sharia People's Economic Bank with a sharia banking system that collects funds from the public in the form of savings and/or investments and distributes them to the public in the form of financing and/or other forms based on sharia principles, but does not provide services in payment transactions (such as fund transfer or transfer services), including the Sharia People's Credit Bank.

KBLI 64124 at a glance

Citation-ready summary

KBLI code: 64124
Taxonomy version: KBLI 2025
Activity (English): Other Islamic Banking
Activity (Indonesian): PERBANKAN SYARIAH LAINNYA
Category: Financial and Insurance Activities
Risk level (Large scale, PMA): None recorded
Foreign ownership status

Limited regulatory data

OSS has not published a regulatory profile for KBLI 64124 yet

This is a new KBLI 2025 code. Indonesia's OSS portal still operates on KBLI 2020 and there is no automatic mapping to a 2020 predecessor for this activity. The risk level, permits, and obligations have not been finalised in the public OSS database.

The absence of data is not evidence the activity is unregulated.

Many of Indonesia's most heavily regulated activities — including construction of military facilities, airports, defence equipment, banking infrastructure, hospital facilities, and critical utilities — are subject to substantial extra-OSS licensing through sector ministries (Defence, Transport, Health, OJK, Bank Indonesia). The OSS Standard Certificate or Operating License is just one layer.

What likely applies even without OSS data

·NIB registration (we obtain through OSS — universal, instant)
·Sector-specific operating license — see industry guidance below
·PT PMA paid-up capital IDR 2.5 billion (~USD 160K) at incorporation, plus IDR 10 billion+ total investment commitment per KBLI realised over time (BKPM Reg. 5/2025)
·Quarterly LKPM reporting to BKPM (we file on your behalf as part of compliance)
·Financial services: OJK or Bank Indonesia authorization, well above OSS NIB

§ 01

Foreign investment rules

Indonesia's BUPM (Investment Business Fields) regulation places this code into one of five tracks. The track determines whether a foreign investor (PMA) can operate in this activity at all, and under what conditions.

Status · Unverified

Foreign investment status not yet verifiable

Indonesia's BUPM Investment Business Fields list (Pres. Reg. 10/2021) is published against KBLI 2020 codes. KBLI 64124 is a new KBLI 2025 entry without a recorded 2020 predecessor, so the absence of this code from the closed / conditional / SME-reserved / partnership lists does not prove the activity is open to foreign investment. We can secure written confirmation from BKPM and the sector ministry on your specific business plan before any incorporation step.

Indonesia's BUPM Investment Business Fields list (Pres. Reg. 10/2021) was published against KBLI 2020 codes. Because KBLI 64124 is a brand-new KBLI 2025 entry without a recorded 2020 predecessor, we cannot confirm whether this activity is open, restricted, or reserved. Talk to us before incorporating — we'll get a written confirmation of eligibility from BKPM and the sector ministry.

Sector capital requirement

Higher minimum capital required by OJK

Sharia commercial banks

Required paid-up

IDR 1 trillion

Regulation

POJK 11/2023 (Bank Umum Syariah)

BKPM Reg. 5/2025's default is IDR 2.5 billion paid-up + IDR 10 billion commitment per KBLI. The figure above is the binding override for this activity — the higher number wins.

Investment momentum

Financial services sector — Q3 2025

BKPM-reported foreign investment context for the broader sector this KBLI sits in. Data is aggregated at the major-sector level — BKPM does not publish per-5-digit-KBLI breakdowns publicly.

PMA realized

IDR 11.2t≈ USD 0.70b

+7.8% YoY

Top investing countries

Singapore32%

Japan22%

Malaysia16%

Reported separately from financial services figures in the headline BKPM realisation total. OJK approval is the binding gate. Multi-finance (consumer + commercial) attracted more inbound FDI than banking in 2025.

§ 02

Financial services-specific guidance

Sector context that applies to KBLI 64124 beyond the generic OSS process. Verify with the relevant ministry before committing capital.

Lead regulator

Financial Services Authority (OJK) / Bank Indonesia

·Banking, multi-finance, and securities activities require OJK authorization in addition to OSS NIB.
·Foreign equity caps vary by sub-sector: 99% for commercial banks (subject to OJK approval), 85% for multi-finance, 99% for securities.
·Capital requirements for banks/finance companies are set by OJK and are substantially higher than the standard PT PMA minimum.

§ 03

What is KBLI 64124?

A plain-English explanation of this classification and the businesses it covers.

KBLI 64124 (PERBANKAN SYARIAH LAINNYA) is the 5-digit Indonesian Standard Industrial Classification code for other islamic banking. It sits within under the subgroup (major group ) in the official KBLI 2025 taxonomy maintained by Statistics Indonesia (BPS).

Who needs KBLI 64124?

Any Indonesian or foreign-owned entity that intends to operate in other islamic banking as a primary or secondary business activity must select this code on its NIB (Business Identification Number). The selected code determines the licensing instruments required, the issuing authority, and the ongoing compliance obligations.

Why does the code matter?

Indonesia's OSS Risk-Based Approach uses the KBLI code to determine three things: (1) whether foreign investment is permitted and at what cap, (2) the risk-based licensing instruments required, and (3) the authority that issues each instrument. Choosing the wrong code can delay or invalidate your license.

§ 05

Under the upcoming KBLI 2025

Indonesia's BPS published the new KBLI 2025 taxonomy in early 2025. OSS, BKPM and the operating ministries have not yet adopted it — KBLI 2020 remains the active standard for business registration. This is what's coming for this specific code.

New code introduced in KBLI 2025

KBLI 64124 did not exist in the previous (KBLI 2020) taxonomy — it was added in the 2025 release to capture an activity that was previously bundled with another code or had no dedicated classification.

·Not yet usable for OSS registration. OSS, BKPM and operating ministries still operate on KBLI 2020 — this code isn't selectable in OSS until the cutover.
·For current registrations covering this activity, we identify the closest KBLI 2020 code that matches your business and register under that. When KBLI 2025 goes live we'll migrate your entity to 64124.
·The migration is a procedural update — no re-registration, no operational interruption. We handle it as part of ongoing compliance.

When OSS adopts KBLI 2025, we'll migrate your existing entity to the appropriate successor code as part of ongoing compliance — no action needed on your end now.

Talk to a specialist

§ 08

Common questions about KBLI 64124

What is KBLI 64124?

KBLI 64124 (PERBANKAN SYARIAH LAINNYA) is the 5-digit Indonesian Standard Industrial Classification code for other islamic banking. It sits within the Financial and Insurance Activities category in the official KBLI 2025 taxonomy maintained by Badan Pusat Statistik (BPS).

Can foreign investors operate under KBLI 64124?

Yes — KBLI 64124 is open to foreign investment, but the licensing path runs entirely through OJK under POJK 11/2023, not OSS RBA. BKPM Reg. 5/2025's IDR 2.5 billion default does NOT apply to this code; the binding capital floor is set by OJK and is materially higher (see the capital question below).

What is the risk level of KBLI 64124?

KBLI 64124 is licensed directly by OJK under POJK 11/2023, not through the OSS RBA scale-risk matrix. The OSS-side risk level shows as 'none' because licensing happens on the OJK track instead — PT PMA registration is fully open, subject to the sector regulator's capital and licensing requirements.

Speak to Emerhub

Get an authoritative read on KBLI 64124 before committing capital.

This is a new KBLI 2025 code that OSS hasn't fully adopted yet. Licensing depends on sector-by-sector confirmation with the ministry and BKPM — we'll source the official position before you incorporate, saving months of false starts.

Confirm the licensing path

KBLI 64124 at a glance

OSS has not published a regulatory profile for KBLI 64124 yet

The absence of data is not evidence the activity is unregulated.

Foreign investment rules

Foreign investment status not yet verifiable

Higher minimum capital required by OJK

Financial services sector — Q3 2025

Financial services-specific guidance

What is KBLI 64124?

Who needs KBLI 64124?

Why does the code matter?

Under the upcoming KBLI 2025

New code introduced in KBLI 2025

Related codes in Banking

Common questions about KBLI 64124

What is KBLI 64124?

Can foreign investors operate under KBLI 64124?

What is the risk level of KBLI 64124?

Get an authoritative read on KBLI 64124 before committing capital.

OSS has not published a regulatory profile for KBLI 64124 yet

The absence of data is not evidence the activity is unregulated.

Foreign investment rules

Foreign investment status not yet verifiable

Higher minimum capital required by OJK

Financial services sector — Q3 2025

Financial services-specific guidance

What is KBLI 64124?

Who needs KBLI 64124?

Why does the code matter?

Under the upcoming KBLI 2025

New code introduced in KBLI 2025

Related codes in Banking

Common questions about KBLI 64124

What is KBLI 64124?

Can foreign investors operate under KBLI 64124?

What is the risk level of KBLI 64124?

Get an authoritative read on KBLI 64124 before committing capital.

What licenses does KBLI 64124 require?

What is the minimum capital for a PT PMA under KBLI 64124?

How long does it take to register a business under KBLI 64124?

Is KBLI 64124 eligible for Indonesian tax incentives?

Which authority issues the KBLI 64124 license?

What other permits beyond the NIB does KBLI 64124 need?

What KBLI codes are similar to 64124?