Regulatory AlertsOJK Regulation No. 27 of 2025 on Asset and Liability Management of Sharia Insurance and Reinsurance Companies
The Indonesian Financial Services Authority (OJK) issued Regulation No. 27 of 2025 to strengthen investment governance and optimize benefits for policyholders in Sharia insurance and reinsurance sectors. The regulation introduces new requirements for tabarru' and tanahud funds, prohibits qardh returns, imposes limits on direct investments, and expands permissible investment vehicles such as ETFs and seed money. It repeals previous regulations and grants a two-year transition period for existing direct investments to comply with the new standards.
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