Islamic Finance

Independent agency to manage Indonesia’s $6.7 bln hajj fund to start in Q4


Photo: Indonesian Haj pilgrims wait to enter the departure area before leaving for Mecca at Soekarno-Hatta International airport near Jakarta, Indonesia, September 16, 2015. REUTERS/Nyimas Laula

Indonesia’s new hajj fund management agency (BPKH) will start operations in the fourth quarter of this year, a move aimed at increasing transparency and profitability for the 90 trillion Indonesian rupiah ($6.7 billion) fund, director of the country’s current Haj Fund Management Agency at the religious affairs ministry, Ramadhan Harisman, told Salaam Gateway.

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tags:

Corruption
Fund
Hajj
Pilgrimage