What Bank Mega Syariah does

Bank Mega Syariah (PT Bank Mega Syariah) is an Indonesian Sharia-compliant commercial bank headquartered at Menara Mega Syariah on Jl. HR Rasuna Said in Jakarta, operating as a subsidiary of the CT Corp diversified conglomerate. The bank serves individual, business/corporate, and priority banking customers through a nationwide network of over 50 branch offices (KCU, KCP, KF, and LSB formats) spanning Java, Sumatra, Kalimantan, Sulawesi, Bali, and Nusa Tenggara, supplemented by an ATM network, the M-Syariah mobile banking application, and digital channels including Virtual Account, Cash Management Services, Deposito Online, and QRIS Acquiring.

The product portfolio is structured around Islamic finance contracts, primarily Mudharabah (profit-sharing) and Wadiah (guardianship/ safekeeping). Individual products include savings accounts (Tabungan Berkah Utama iB, TabunganKu iB, Tabungan Wadiah, Tabungan Haji iB linked to the Ministry of Religion's SISKOHAT system), current accounts (Giro Utama iB in IDR and USD), home financing (Flexi Home PPR up to Rp5 billion and 20-year tenor), gold financing (Flexi Gold), and the Syariah Card. Business offerings encompass payroll banking (Tabungan Berkah Payroll iB), cash management, and corporate financing. Wealth management is delivered through Bancassurance and Reksadana distribution. All products operate under Sharia supervision by the Dewan Pengawas Syariah and are regulated by OJK and Bank Indonesia, with deposits guaranteed by LPS up to Rp2 billion per customer.

Revenue mechanics are based on margin and profit-sharing arrangements from financing, deposit spread (Wadiah/Mudharabah), transaction and merchant fees (Syariah Card, QRIS acquiring, payment services), and commission income from bancassurance and mutual fund distribution. GTM combines enterprise field sales via the branch network with direct-to-consumer acquisition through digital channels and merchant co-promotions concentrated within the CT Corp retail ecosystem (Metro Department Store, Transmart, CGV Cinema). The bank emphasizes loyalty cross-sell via the MPC Points program and the M-Syariah referral program (Ngundang Teman). No AI capabilities, funding rounds, or public financial disclosures are present in the input data.

Name

Bank Mega Syariah

Legal name

PT Bank Mega Syariah

Website

https://megasyariah.co.id

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Bank Mega Syariah is an Indonesian Sharia-compliant commercial bank, subsidiary of CT Corp, serving individual, business, and priority customers nationwide through 50+ branches, the M-Syariah mobile app, and Mudharabah/Wadiah-based deposit, financing, and payment products.

Ownership category

akta.pro rank

Product category

Sharia-Compliant Commercial Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

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 Corporate Banking (FSABAGAC), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Savings accounts
• Priority banking services
• Cash management solutions

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Financing/Loans (Pembiayaan): Sharia-compliant financing products including home ownership financing (Flexi Home PPR), gold financing (Flexi Gold), and business financing. Revenue generated through margin/profit sharing arrangements rather than interest.
2. Deposit Taking (Simpanan): Accepting customer deposits under Wadiah (guardianship) and Mudharabah (profit-sharing) principles. Deposits include current accounts (Giro), savings (Tabungan), and time deposits (Deposito).
3. Wealth Management: Bancassurance (insurance products) and Reksadana (mutual funds) distribution services generating commission revenue.
4. Syariah Card: Sharia-compliant credit/financing card generating transaction fees and merchant commissions from partner merchants.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Bank Mega Syariah provides Sharia-compliant commercial banking services to individuals and businesses in Indonesia. Its offering spans savings and current accounts, gold/vehicle/home/multipurpose/working capital financing, Sharia debit and credit cards, priority banking for affluent customers, cash management for corporates, treasury and remittance services, plus distribution of Sharia mutual funds and bancassurance. All products are structured on Mudharabah and Wadiah principles to avoid riba, and delivered through branch, ATM, and mobile (M-Syariah) channels.

Product overview

Bank Mega Syariah operates as an Islamic (sharia-compliant) commercial bank in Indonesia, offering a comprehensive portfolio of products and services organized into several categories. The bank provides individual banking products including savings (Tabungan Wadiah, Tabungan Berkah Utama iB, TabunganKu iB, Tabungan Haji iB, Tabungan Suka Suka), home financing (Mega Syariah Flexi Home KPR, FLPP subsidized housing), and financing cards (Syariah Card). For business customers, the bank offers business savings (Tabungan Berkah Payroll iB), business financing, and cash management solutions. Digital banking services are delivered through M-Syariah mobile app, Virtual Account, Cash Management Services, Deposito Online, and QRIS Acquiring. The bank also provides wealth management through Bancassurance and Reksadana, priority banking services, and various interbank transfer services (BI-RTGS, SKNBI, BI FAST). All products operate on sharia principles using contracts such as wadiah (trust), mudharabah (profit-sharing), and ijarah (lease).

Differentiator

Problem solved

Functional benefit

Brands

• M-Syariah: Mobile banking application for digital transactions
• Syariah Card
• Flexi Home
• Tabungan Berkah Utama iB
• Tabungan Haji iB
• Giro Utama iB

Products and services

• Tabungan Wadiah Giro-based savings account using the Wadiah contract, allowing individual customers to save riba-free and receive optional bonus. Designed for everyday deposits and easy access via M-Syariah and ATM.
• Tabungan Berkah Utama iB Main Sharia savings product (Mudharabah-based) for individuals seeking profit-sharing returns on their deposits, accessible through branches, ATM, and M-Syariah.
• Tabungan Berkah Payroll iB Mudharabah-based savings account offered to employees of corporate partners for receipt of salary, with features tailored to payroll bulk crediting via Cash Management.
• TabunganKu iB Low-minimum Sharia savings account aimed at students and early savers, offered under the OJK TabunganKu scheme, encouraging financial inclusion.
• Tabungan Haji iB Sharia-compliant Hajj savings account for Indonesian Muslims preparing to perform Hajj, registered with the Ministry of Religious Affairs via SISKOHAT.
• Tabungan Suka Suka Flexible individual savings account structured on Sharia principles, with no monthly admin fee, marketed under the "Suka Suka" promo brand.
• Giro Utama iB Mudharabah-based current (checking) account for business entities to manage operational cash, integrated with cash management and payment systems.
• Deposito Online Sharia time deposit (Mudharabah) that customers can open and manage online via M-Syariah/web, with profit-sharing payouts at maturity.
• Mega Syariah Flexi Home Sharia-compliant home ownership financing (KPR) with flexible payment structure, offered to individual customers seeking riba-free mortgage financing.
• Pembiayaan Emas (Gold Financing) Sharia-compliant financing for purchase of gold, structured as a non-riba facility for individual customers.
• Pembiayaan Kendaraan (Vehicle Financing) Sharia-compliant financing for vehicle purchase, offered to individuals as an alternative to conventional auto loans.
• Pembiayaan Modal Kerja (Working Capital Financing) Sharia-compliant working capital facility for business/SME customers to finance operational needs, structured on Mudharabah/Musyarakah principles.
• Pembiayaan Serba Guna (Multipurpose Financing) General-purpose Sharia consumer financing for individuals to fund various personal needs without riba.
• Pembiayaan FLPP Government-subsidized Sharia home financing for low-income Indonesians, distributed under the FLPP scheme.
• Syariah Card Sharia debit and credit cards issued by Bank Mega Syariah for individual customers, usable across national ATM and merchant networks.
• Priority Banking Priority banking service offering personalized relationship management, dedicated counters, and bundled Sharia products for affluent and HNI individual customers.
• M-Syariah Mobile Banking

Quantifiable outcome

• LPS deposit guarantee up to Rp2 billion per customer per bank
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Metro Department StorecoreGTM or Marketing Partner · 27 June 2026Retail merchant partner offering exclusive promotions to Bank Mega Syariah Syariah Card holders including additional 20% discounts on specified purchase amounts. Promotional events include One Day Super Special sales.
• LAZ CT ARSAcoreGTM or Marketing PartnerZakat distribution partner allowing Bank Mega Syariah customers to channel zakat payments through LAZ CT ARSA institution. Part of the bank's donation and charity ecosystem.
• Badan Amil Zakat Nasional (BAZNAS)coreGTM or Marketing PartnerOfficial state-run zakat institution partner for zakat collection and distribution services to Bank Mega Syariah customers.
• Lazis MuhammadiyahminorGTM or Marketing PartnerIslamic philanthropy institution partner for zakat and donation collection services.
• Yayasan Lazis NUminorGTM or Marketing PartnerNahdlatul Ulama's Islamic charity foundation partner for zakat distribution.
• Yayasan Rumah Zakat IndonesiaminorGTM or Marketing PartnerIslamic philanthropy partner for zakat collection and distribution services.
• TransmartcoreGTM or Marketing PartnerMajor retail partner with ATM locations at Transmart outlets and promotional partnerships for Syariah Card holders including Full Day Sale discount events.
• CGV CinemaminorGTM or Marketing PartnerEntertainment partner offering QRIS payment promotions for movie tickets at CGV cinema locations through M-Syariah app.
• SISKOHAT (Ministry of Religion)coreTechnology or IntegrationGovernment system integration for Tabungan Haji pilgrimage savings, connecting bank's savings products to the official national pilgrimage management system.
• Lembaga Penjamin Simpanan (LPS)coreOthersDeposit insurance institution providing guarantee for customer deposits up to Rp2 billion per customer per bank, enhancing customer trust in the bank's safety.
• Otoritas Jasa Keuangan (OJK)coreOthersFinancial Services Authority regulatory oversight ensuring compliance with Indonesian banking regulations.
• Bank Indonesia (BI)coreOthersCentral bank providing payment system infrastructure including BI-RTGS, SKNBI, and BI FAST transfer services.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bank Syariah Indonesia (BSI): The largest Islamic bank in Indonesia, formed by the 2021 merger of BRI Syariah, BNI Syariah, and Bank Syariah Mandiri. Directly competes with Bank Mega Syariah across retail, business, and Hajj savings segments, and dwarfs it in branch count and balance-sheet scale.
• Bank Muamalat Indonesia: One of Indonesia's pioneer Islamic commercial banks offering a similar Sharia-compliant product suite including savings, financing, and Hajj savings. Direct peer in product mix and target customer base.
• Bank Panin Dubai Syariah: Indonesia-focused Islamic joint-venture bank offering Sharia savings, financing, and Hajj savings. Smaller-scale direct competitor with similar retail and Hajj-savings focus.
• Bank Maybank Syariah Indonesia: Sharia unit of Maybank Indonesia, part of the Malaysian Maybank group. Offers a comparable product suite in savings, financing, and trade finance, targeting the same Muslim retail and business customer base.
• Bank CIMB Niaga Syariah: Sharia business unit of CIMB Niaga, one of Indonesia's largest banks. Offers parallel Sharia savings, financing, and wealth management products targeting the same Muslim retail and SME segments as Bank Mega Syariah.
• Bank BCA Syariah: Islamic banking subsidiary of Indonesia's largest private bank, BCA. Competes directly in the Sharia retail and SME segment, with strong parent-ecosystem distribution advantages analogous to BMS's CT Corp linkage.
• Bank Danamon Syariah: Islamic banking unit of Bank Danamon, a major Indonesian commercial bank. Competes in the same Sharia retail, SME, and wealth management categories and benefits from its own large-conglomerate parent distribution.

Broad incumbents

• Bank Tabungan Negara (BTN) Syariah: State-owned Indonesian bank with a Sharia business unit that is a major subsidized-housing (FLPP) channel. Competes with BMS on FLPP and home financing but is much larger and state-backed.
• Bank Mandiri: Indonesia's largest state-owned commercial bank. While primarily conventional, it is the parent of one of the three banks that merged to form BSI and remains a dominant incumbent shaping the competitive landscape for Islamic banks including BMS.
• Bank Mega: Conventional sibling of Bank Mega Syariah under the CT Corp group. Shares branch network infrastructure, distribution, and customer base, providing BMS with potential cross-sell into conventional customers and competing for the same CT Corp ecosystem wallet share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mega_syariah

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Mega Syariah