STEI SEBI

What STEI SEBI does

STEI SEBI, now operating as Institut Agama Islam SEBI (IAI SEBI), is a private Islamic higher education institution headquartered in Bojongsari, Depok, West Java, Indonesia. Founded in 1997 under Yayasan Bina Tsaqofah and supervised by the Ministry of Religious Affairs (Kementerian Agama RI) through Kopertais Wilayah II Jawa Barat, the institution delivers undergraduate (S1) programs in Sharia Banking, Sharia Accounting, Sharia Economic Law, and Sharia Business Management, plus a postgraduate (S2) program in Sharia Banking/Economics. It holds a BAN-PT institutional accreditation of 'Baik Sekali' (Very Good), publishes the SINTA 3-accredited Journal of Sharia Accounting (JAKIs), and operates supporting units including SIBERC (research center), SEBI Entrepreneur Community, SEBI Language Club, a student dormitory (Pesantren Mahasiswa), and the SEBI Social Fund philanthropy platform.

The technology stack is a conventional higher-ed platform layer rather than a differentiated product: a Campus Information System (SIK) handling online registration and student records, a Digital Library (Digilib), an SEBI Digital Learning Center launched in 2020, and an SEBI Inkubator Bisnis launched in 2021. The go-to-market is direct-to-consumer plus event-driven enrollment via the website, social media, school outreach, webinars, open houses, and scholarship partner networks (BAZNAS, banksyariah institutions, KIP Kuliah).

The business model is tuition-driven with a philanthropic overlay. Primary revenue comes from semester-based tuition across S1 and S2 programs, supplemented by donations, zakat, and waqf funds collected through SEBI Social Fund for scholarships and campus development. Multiple scholarship pathways (KIP Kuliah, full scholarships, BAZNAS, Adira Finance Syariah, BPRS partnerships) subsidize access and broaden enrollment. The RPL (Recognition of Prior Learning) pathway offers a hybrid pricing model with installment options for working professionals. Recent institutional, programmatic, and partnership milestones include the 2024-2025 STEI-to-Institut transformation, the first Magister cohort of 70 graduates, MoUs with KNEKS, LAZNAS IZI, Sanbercampus, and Maybank Islamic Malaysia, and a 2024 award for SEBI Social Fund's fundraising program.

Name

STEI SEBI

Legal name

Institut Agama Islam SEBI (IAI SEBI)

Website

https://sebi.ac.id

Company type

Private

Founded year

1997

Operating status

Operating

Short description

IAI SEBI (formerly STEI SEBI) is a private Indonesian Islamic higher education institution in Depok offering undergraduate and master's programs in sharia banking, accounting, economic law, and business management for students pursuing careers in Islamic finance.

Ownership category

akta.pro rank

Product category

Islamic Higher Education

NAICS

Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Islamic Colleges & Sharia/Fiqh Institutes (EDAHAKAI)

akta.pro secondary industries

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Islamic SME & Commercial Banking (FSABAGAB), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Islamic higher education
• Sharia economics programs
• Undergraduate sharia banking
• Postgraduate sharia finance
• Recognition of prior learning

Headquarters

HQ city

Depok

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Tuition Fees: Semester-based tuition payments from enrolled students across undergraduate and graduate programs
2. Donations and Waqf (SEBI Social Fund): Philanthropic contributions and waqf funds collected through SEBI Social Fund platform for student scholarships and campus development

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

IAI SEBI is a private Islamic higher education institution delivering undergraduate (S1) programs in Sharia Banking, Sharia Accounting, Sharia Economic Law, and Sharia Business Management, alongside a postgraduate (S2/Magister) program in Sharia Banking. Beyond degree programs, it provides an accelerated RPL (Recognition of Prior Learning) pathway, student dormitory (Pesantren Mahasiswa), digital library access, and a campus-based philanthropy and scholarship platform (SEBI Social Fund).

Product overview

STEI SEBI (Sekolah Tinggi Ekonomi Islam) is an Islamic higher education institution offering undergraduate and postgraduate programs in sharia economics. The institution provides five main undergraduate programs (S1) in Sharia Banking, Sharia Accounting, Sharia Economic Law, and Sharia Business Management, plus postgraduate programs in Sharia Banking and Economics. Beyond academic programs, the institution operates supporting platforms including the Campus Information System (Sistem Informasi Kampus) for administrative services, Digital Library for research resources, and SEBI Social Fund for philanthropy and scholarship management. Additional services include student dormitory facilities, the SEBI Entrepreneur Community for business development, and the SIBERC research center for Islamic economics research. The institution also offers RPL (Recognition of Prior Learning) for accelerated degree completion.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 98% of alumni are absorbed into the workforce
• +2 more outcomes

Named customers9 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

AI capability2 records

Feature2 records

Partnerships

17 partnerships are on record, tiered core, supporting and flagship.

• KNEKS (Komite Nasional Ekonomi dan Keuangan Syariah)coreStrategic or Co-development Partner · 1 January 2026MoU and PKS (Perjanjian Kerja Sama) signed for strengthening HR development in sharia economics. Collaboration focuses on human capital development in Islamic economic sector.
• SanbercampussupportingTechnology or Integration · 1 June 2025MoU for digital competency strengthening and development of Islamic e-learning. Focuses on technology-enhanced education delivery.
• Maybank Islamic Berhad MalaysiaflagshipStrategic or Co-development Partner · 1 June 2025Executive Talk program featuring Maybank Islamic Malaysia executives for international exposure and knowledge sharing on Islamic banking.
• LAZNAS IZIcoreStrategic or Co-development Partner · 1 May 2024MoA for research collaboration on Zakat and Wakaf. Joint publication of Islamic Philanthropy Outlook research reports.
• Bank Muamalat IndonesiacoreStrategic or Co-development PartnerMultiple collaborations including MBKM internships, Sharia Banking Competition, study visits, and executive talks. Strong pipeline for student employment.
• Adira Finance SyariahcoreStrategic or Co-development PartnerMuslimpreneur Development Program (MDP) launched jointly. Focuses on Islamic financial literacy and entrepreneurship development.
• BPRS AL SALAAMsupportingStrategic or Co-development PartnerCooperation agreement for student internships and industry exposure in sharia microfinance.
• Wakaf WarriorsupportingStrategic or Co-development PartnerMBKM partnership for wakaf education and student internship programs.
• GENPROsupportingStrategic or Co-development PartnerUMKM Digital Bootcamp collaboration for digital entrepreneurship skills.
• WIMNUS (Womenpreneur Indonesia)supportingStrategic or Co-development PartnerEntrepreneurship development collaboration targeting student entrepreneurs.
• Dampu DesignsupportingChannel Partner/ Reseller/ DistributorMBKM (Merdeka Belajar Kampus Merdeka) cooperation for creative industry internships.
• BPKH (Badan Pengelola Keuangan Haji)coreStrategic or Co-development PartnerLibrary building inauguration and pilgrimage fund management education collaboration.
• BAZNAS (Badan Amil Zakat Nasional)coreStrategic or Co-development PartnerMultiple scholarship programs and SRIPEK beneficiary development program for BAZNAS Kota Depok.
• SucofindosupportingStrategic or Co-development PartnerHalal supervisor training program for students through IYES program.
• Mekari UniversitysupportingStrategic or Co-development PartnerDigital technology competency enhancement for Accounting program students.
• OJK (Otoritas Jasa Keuangan)coreStrategic or Co-development PartnerIslamic Non-Bank Financial Industry (IKNB) seminar collaboration.
• Mahkamah Konstitusi RIsupportingStrategic or Co-development PartnerConstitutional rights training for students.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Universitas Muhammadiyah Surakarta: UMS is a private Muhammadiyah-affiliated university with growing Islamic economics and finance programs. It competes with SEBI for working professionals and offers RPL-style pathways, overlapping with SEBI's RPL program.

Broad incumbents

• UIN Syarif Hidayatullah Jakarta: UIN Jakarta is the largest state Islamic university in Indonesia with a strong Faculty of Islamic Economics and Business. It competes with SEBI for the same student segment but offers a much broader program portfolio at significantly lower subsidized tuition.
• Universitas Al-Azhar Indonesia: UAI is a private Islamic university in Jakarta with established economics and business programs. It competes with SEBI for Islamic-oriented students in the greater Jakarta area and offers broader program diversity.
• Universitas Islam Indonesia: UII is one of the oldest private Islamic universities in Indonesia with a strong Faculty of Economics and Business. It competes with SEBI for prospective students seeking Islamic economics education with broader university resources.
• UIN Sunan Kalijaga Yogyakarta: UIN Sunan Kalijaga is a major state Islamic university with established programs in Islamic economics, banking, and finance. It serves as a public-sector competitor to SEBI's specialized offerings.
• INCEIF University Malaysia: INCEIF is the global specialist university for Islamic finance, headquartered in Malaysia. It is the international benchmark for Islamic finance education and competes with SEBI for top-tier students in the broader ASEAN Islamic finance talent market.

Direct peers

• Institut Ilmu Al-Qur'an (IIQ) Jakarta: IIQ Jakarta is a private Islamic higher education institution under Kemenag that hosts student competitions (e.g., Sharia Paper and Economic Challenge) where SEBI students have participated. Comparable in scale and institutional status as a private Islamic institute.
• STAIS (Sekolah Tinggi Agama Islam) equivalent private institutions: Peer cluster of small-to-mid private Islamic higher education institutions under Kemenag and Kopertais supervision, many of which are now pursuing the STEI-to-Institut transformation similar to SEBI's 2024-2025 upgrade.
• STEI Tazkia: STEI Tazkia is a private Islamic higher education institution in Bogor specializing in Islamic economics, banking, and finance — almost identical in mission, structure, and program offerings to IAI SEBI. Both are Sekolah Tinggi-style institutions focused on producing sharia finance talent for the Indonesian market.

Regional players

• Universitas Darussalam Gontor: Universitas Darussalam Gontor is a private Islamic university with boarding-school model similar to SEBI's Pesantren Mahasiswa. While more focused on general Islamic education, it competes for the same student demographic of Islamic-oriented families.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sebischool

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

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 STEI SEBI