Bank Syariah Indonesia

What Bank Syariah Indonesia does

Bank Syariah Indonesia (BSI) is Indonesia's largest Islamic bank and a publicly listed subsidiary of the state-owned Himbara banking group, operating under ticker BRIS on the Indonesia Stock Exchange from its headquarters in Jakarta. BSI was formed in 2021 through the merger of three state-owned Islamic banks (Bank BRI Syariah, Bank BNI Syariah, and Bank Mandiri Syariah) and serves more than 21 million customers through over 1,000 branches, an agent banking network (Laku Pandai), ATMs, the BYOND by BSI super app, and BSI Net corporate internet banking.

The bank offers a full Sharia-compliant product suite: savings (BSI Tabungan Easy Mudharabah/Wadiah, BSI Tabungan Haji Indonesia, BSI Tabungan Junior), financing (BSI Griya home, BSI OTO vehicle, BSI Mitraguna personal, BSI Gadai Emas pawning, BSI Pensiun Berkah), investment (e-mas digital gold, BSI Cicil Emas, BSI Deposito, SBSN Ritel, Reksadana Syariah), cards (Hasanah, Debit Visa), Hajj/Umrah services (Langkah Emas Ke Baitullah, Mitraguna Berkah), and the BEWIZE corporate platform for cash management, trade finance, and value chain financing. The underlying technology stack combines Islamic-banking core systems with a digital overlay (BYOND super app, Dukcapil facial-recognition e-KTP onboarding, BI-FAST and QRIS integrations, e-wallet top-ups for LinkAja/GoPay/OVO, Western Union remittances), augmented in 2026 by an enterprise-wide Microsoft 365 Copilot deployment.

BSI earns revenue through margin/profit-sharing on Sharia-compliant financing (murabahah, mudharabah, musyarakah), spreads on third-party deposits, transaction and fee-based income (transfers, cards, Hajj services, gold transactions, bancassurance), and investment product distribution. Customer segments span individuals across life stages (students, employees, families, business owners), SMEs and corporate clients (e.g., PLN salary distribution via BEWIZE), Hajj/Umrah pilgrims, and priority-banking HNW customers (BSI Prioritas). Distribution leverage is augmented by an expansive state-bank network and government policy alignment for MSME and financial-inclusion lending, with strategic emphasis on scaling the gold and Hajj ecosystems.

Name

Bank Syariah Indonesia

Legal name

PT Bank Syariah Indonesia Tbk

Website

https://bankbsi.co.id

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Bank Syariah Indonesia is Indonesia's largest Islamic bank and a publicly listed state-owned Himbara lender, serving more than 21 million individuals, SMEs, corporate, government, and Hajj/Umrah customers through 1,000+ branches, the BYOND super app, and a Sharia-compliant product suite spanning deposits, financing, gold, and takaful.

Ownership category

akta.pro rank

Product category

Islamic Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Private Banking & Wealth (FSABAGAD), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Gold banking products
• Hajj savings accounts
• Digital Islamic banking

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Financing/Financing Activities: BSI earns revenue from various Sharia-compliant financing products including BSI Griya (home financing), BSI OTO (vehicle financing), BSI Mitraguna (personal/business financing), gold pawning (gadai emas), and SME/business financing. Revenue is generated through margin/profit-sharing arrangements consistent with Islamic banking principles.
2. Third-Party Funds (Deposits): BSI accepts customer deposits through various savings and current account products (BSI Tabungan Easy Mudharabah, BSI Tabungan Haji Indonesia, BSI Tabungan Bisnis, BSI Giro) based on Sharia principles, generating funds for lending activities.
3. Fee-Based Income: BSI generates fee income from transaction services including ATM withdrawals, transfers (BI-FAST, online transfer), card transactions, account services, and digital banking services. Additional fees come from Hajj/Umrah registration services, gold transactions, and insurance (bancassurance) partnerships.
4. Investment Products: Revenue from investment products including BSI Deposito (time deposits), Reksadana Syariah (Sharia mutual funds), SBSN Ritel (Sharia government bonds), Cash Waqf Linked Sukuk, and gold investment products through e-mas platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

Bank Syariah Indonesia is Indonesia's largest Islamic bank providing Sharia-compliant banking products and services to individuals, businesses, and government institutions. Its core offerings include savings accounts, current accounts, home/vehicle/personal financing, gold investment and pawning services, Hajj/Umrah savings and registration, Sharia-compliant credit and debit cards, and digital banking via the BYOND by BSI super app. Business customers are served through the BEWIZE integrated platform offering cash management, trade finance, value chain financing, and remittance services.

Product overview

Bank Syariah Indonesia operates as Indonesia's largest Islamic bank offering a comprehensive multi-channel banking platform with integrated products across individual, business, and priority segments. The product ecosystem centers around the BYOND by BSI super app providing digital access to all services, complemented by traditional branch and ATM networks. Individual banking includes savings products (BSI Tabungan Easy Mudharabah, BSI Tabungan Haji Indonesia, BSI Tapenas), financing solutions (BSI Mitraguna, BSI GRIYA home financing, BSI OTO vehicle financing, BSI Gadai Emas gold pawning), investment products (BSI Cicil Emas, e-mas digital gold, BSI Deposito, SBSN Ritel), Hajj/Umrah services (Langkah Emas Ke Baitullah), and cards (BSI Hasanah Card, BSI Debit Visa). Business banking features the BEWIZE integrated platform for cash management, trade finance, and value chain solutions, along with BSI NET for corporate internet banking. The bank differentiates through Sharia-compliant products with Islamic financial services including ZISWAF consultation, waqf platforms, and takaful insurance partnerships. The comprehensive gold ecosystem integrating pawning, digital gold, and jewelry partnerships represents a strategic focus area.

Differentiator

Problem solved

Functional benefit

Brands

• BYOND by BSI: Super app digital banking platform offering comprehensive financial services including transfers, payments, investments, and Islamic services
• BSI Hasanah Card
• BSI Prioritas
• BeWIZE
• BSI Agen
• BSI Maslahat

Products and services

• BYOND by BSI Super app from Bank Syariah Indonesia offering comprehensive digital banking services including fund transfers, bill payments, e-wallet top-ups (GoPay, OVO, LinkAja), QRIS payments, cardless withdrawals, gold transactions, and Islamic services such as zakat and pilgrimage planning. Available on iOS and Android for individual customers across Indonesia.
• BSI Tabungan Easy Mudharabah Rupiah savings account based on mudharabah principle (profit-sharing) with flexible withdrawal and deposit capabilities, featuring tiered profit-sharing rates based on balance levels. Initial deposit minimum Rp 100,000; minimum balance Rp 50,000; monthly administration fee Rp 10,000. Profit sharing tiers range from 1% to 10% based on balance levels up to Rp 1 billion and above.
• BSI Tabungan Haji Indonesia Specialized Sharia-compliant savings account for Hajj pilgrimage planning, enabling Muslims to save systematically for their Hajj journey. Registered through the SISKOHAT government system. Available for individual customers planning pilgrimage.
• BSI Griya Sharia-compliant home financing (murabahah) enabling customers to own their dream homes with fixed installment plans. Features include one-day approval and special margin of 2.15% at CitraGrand Cibubur CBD, with takeover programs available for customers transferring from other banks.
• BSI OTO Sharia-compliant vehicle financing for cars and motorcycles with competitive margins and flexible tenors. Available for individual customers seeking vehicle ownership under Islamic finance principles.
• BSI Mitraguna Online Digital financing solution for various personal needs accessible through the BYOND by BSI mobile application without visiting bank branches. Loan up to Rp 300 million with 15-minute approval and special rate of 8.05% for online applications.
• BSI Gadai Emas Sharia-compliant gold pawning service enabling customers to access emergency funds using gold as collateral. Reported 100% growth in pawning transactions, reflecting the strength of BSI's gold ecosystem.
• e-mas Digital gold investment platform providing easy gold access through the BYOND by BSI mobile application with real-time pricing. Part of BSI's comprehensive gold ecosystem from savings, investment, pawning to installment, positioning BSI as Indonesia's first gold bank.
• BSI Hasanah Card Sharia-compliant credit card with various merchant promotions, cashback offers, and installment options for lifestyle and shopping needs. Includes promotional partnerships with retail brands such as Hartono Electronics, Garuda Indonesia, IKEA, Samsung, Yamaha, and dining establishments.
• Langkah Emas Ke Baitullah Comprehensive Hajj and Umrah program in collaboration with over 30 selected travel partners under the Langkah Emas Ke Baitullah initiative. Offers best pilgrimage packages integrated with BSI savings and financing products.
• BEWIZE Integrated transaction banking platform providing cash management (BEWIZE Cash), value chain financing (BEWIZE Value Chain), trade finance (BEWIZE Trade), forex, and remittance services through single sign-on for institutional and corporate customers.
• BSI Net Internet banking solution for business customers including payroll services, institutional payments, and foreign currency transfers (USD and SAR). Used by enterprise clients such as PLN for salary distribution.
• BSI Agen Branchless banking service (Laku Pandai) enabling agents to provide basic banking transactions including cash deposit/withdrawal, transfers, bill payments, PLN electricity purchases, mobile credit, e-wallet top-ups, Hajj registration, and gold pawning in underserved areas across Indonesia.
• BSI Prioritas Premium banking service for high-net-worth customers offering exclusive facilities, priority service at dedicated outlets, dedicated relationship managers, exclusive events (such as concerts), and personalized financial planning.
• Bancassurance Sharia-compliant insurance products (takaful) offered through bank channels via bancassurance partnership with Prudential Syariah Indonesia. Provides life insurance coverage to BSI customers across more than 1,000 branches.
• BSI Cicil Emas Gold installment product allowing customers to own gold through fixed monthly payments, insulating buyers from gold price fluctuations during the installment period. Part of BSI's gold banking ecosystem.
• BSI Deposito Rupiah Time deposit investment based on Sharia principles (mudharabah) with guaranteed returns and various tenor options. Available to individual customers seeking Sharia-compliant fixed-income investments.
• SBSN Ritel Sharia State Securities (SBSN) retail product allowing customers to invest in government sukuk with Sharia compliance. Enables individual participation in government Islamic bond offerings.
• BSI JadiBerkah.id Digital waqf (endowment) platform enabling Muslims to make charitable donations that continue benefiting the community over time. Part of BSI's social finance and ZISWAF services offering.
• BSI Debit Visa Sharia-compliant debit card linked to savings account enabling cashless transactions locally and internationally through the Visa network. Available for individual customers with BSI savings accounts.

Quantifiable outcome

• Over 21 million customers served through 1,000+ branches
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• APPI (Asosiasi Perhiasan Indonesia)coreStrategic or Co-development Partner · 24 June 2026BSI and APPI collaboration to strengthen the gold ecosystem and national jewelry industry. BSI has positioned itself as Indonesia's first gold bank (Bank Emas Pertama di Indonesia) with comprehensive gold services from savings and investment to pawning and installment, with gold pawning increasing 100%.
• MicrosoftcoreTechnology or Integration · 8 June 2026BSI partnered with Microsoft to implement Microsoft 365 Copilot across its organization as part of a digital transformation initiative. The AI-powered solution integrated with Microsoft Teams, SharePoint, and OneDrive enables employees to streamline administrative tasks, standardize workflows, and focus on higher-value strategic work while maintaining security and regulatory compliance. BSI has committed to expanding AI adoption across all business lines.
• IPB UniversityminorStrategic or Co-development Partner · 10 May 2026IPB University's CEO School featured BSI executives as presenters covering topics ranging from sociopreneurship solutions for farmers and fishermen to strategies for building effective organizations through communication and work culture. The initiative is part of efforts to develop entrepreneurs ready for digital transformation and a sustainable economy.
• Prudential Syariah IndonesiacoreChannel Partner/ Reseller/ Distributor · 17 October 2025Bancassurance partnership allowing Prudential Syariah to access BSI's over 21 million customers through more than 1,000 branches nationwide for distribution of Sharia-compliant insurance (takaful) products. Prudential Syariah recorded contributions of 3.4 trillion rupiah and protected nearly 500,000 participants in 2024.
• BSI Hajj/Umrah Travel Partners (30+ agents)coreChannel Partner/ Reseller/ DistributorOver 30 selected travel agents for Hajj and Umrah packages participating in the Langkah Emas Ke Baitullah program, providing comprehensive pilgrimage services integrated with BSI savings and financing products.
• Dukcapil (Civil Registration Office)minorOthersBSI uses Dukcapil facial recognition verification for online account opening through BYOND by BSI app, enabling instant account creation with e-KTP verification.
• Bank Indonesia (BI) / Bank Indonesia Payment SystemscoreTechnology or IntegrationBSI participates in BI-FAST interbank transfer system and QRIS (Quick Response Code Indonesian Standard) payment network operated by Bank Indonesia, enabling 24/7 fund transfers and QR-based payments across banks.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Al Rajhi Bank: Saudi Arabia's largest Islamic bank, offering full Sharia retail, corporate, and Hajj services globally. Comparable in its Islamic finance leadership, scale, and digital banking innovation, though operating in a more mature market.
• Kuwait Finance House: One of the world's largest Islamic banks with a multi-country footprint. Comparable through its full-service Islamic retail/corporate model and digital transformation program, though operating at substantially larger scale.
• Dubai Islamic Bank: UAE's flagship Islamic bank with full Sharia retail, corporate, and treasury operations. Comparable as a major incumbent Islamic bank that pairs Sharia compliance with sophisticated digital and wealth offerings.

Direct peers

• Bank Muamalat Indonesia: Pioneer Indonesian Islamic bank offering full Sharia retail, corporate, and Hajj products. Directly comparable as a domestic Islamic bank competing for the same Sharia-compliant deposits and financing volumes.
• Bank Maybank Indonesia (Sharia unit): Sharia business unit of Maybank Indonesia offering Islamic financing and deposits. Competes with BSI in corporate and SME Sharia lending, with regional Malaysian parent backing.
• BCA Syariah: Sharia subsidiary of Indonesia's largest private conventional bank (BCA), offering deposits, financing, and digital Sharia banking. A key competitor leveraging BCA's brand and corporate reach into Sharia space.
• CIMB Niaga Syariah: Sharia business unit of CIMB Niaga with deposits, financing, and bancassurance. Comparable as a hybrid conventional+Islamic bank competing for Indonesia's Sharia customers, including Hajj financing.
• Bank Mega Syariah: Sharia unit of the Mega group providing Islamic deposits, financing, and Hajj services in Indonesia. Competes head-to-head with BSI in the same retail and SME Sharia segments.
• Bank Permata (Syariah unit): Indonesian bank with a Sharia unit offering Islamic deposits and financing. Competes for Sharia customer share, particularly in corporate and priority banking segments.

Regional players

• Bank Mandiri: Indonesia's largest conventional bank and BSI's sister Himbara entity, from which BSI's legacy unit was carved out. Comparable as a state-owned Indonesian banking franchise with digital and corporate leadership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bankbsi_id
• YouTubeyoutu.be/8HOhut39jVk
• Facebookfacebook.com/bankBSI.ID
• Instagraminstagram.com/banksyariahindonesia
• LinkedInlinkedin.com/company/bank-syariah-indonesia

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Syariah Indonesia