64922

Islamic Pawnshops

This group includes Islamic pawnshops that are entirely operated based on Sharia principles, with business activities such as providing loans secured by collateral according to Islamic pawn law, offering services for the safekeeping of valuable items, providing appraisal services, and other activities not related to pawnshop operations that generate income through commissions (fee-based income), as long as they do not contravene the regulations in the financial services sector. They may also engage in other business activities with the approval of the Financial Services Authority (OJK).

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