Publications

One important component of the Indonesian Islamic finance industry is a group of entities called Islamic non-bank financial institutions (NBFIs).

NBFIs, according to the classification made by Indonesia’s Financial Services Authority (OJK), consist of insurance companies (life, general, and reinsurance), financing companies or known also as multifinance companies, venture capital companies, specialized financial institutions (SFIs) and microfinancing institutions. Financial institutions that fall under SFIs are financing guarantee companies, the Islamic unit of state-owned Indonesian Export Financing Institution and the Islamic unit of state-owned Pawn Company.