6492

Pawnshop

This subgroup includes the activities of pawnshops, which involve lending money with collateral based on pawnshop law, lending money with collateral based on fiduciary arrangements, safe deposit services, appraisal services, and/or other business activities. Pawnshop operations can be conducted conventionally or based on Sharia principles. Pawnshop businesses are carried out by conventional pawnshops, private pawnshops, and Sharia pawnshop units, all of which are regulated and supervised by the Financial Services Authority (Otoritas Jasa Keuangan or OJK).

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