Indonesia appointing 20 investment managers to run $1 bln of its haj fund
FILE PHOTO: Muslim haj pilgrims get on a plane to depart to Saudi Arabia at Sukarno Hatta airport in Jakarta on November 17, 2007. REUTERS/Dadang Tri
JAKARTA – Indonesia’s haj fund management agency (Badan Pengelola Keuangan Haji, BPKH) is selecting 20 investment managers to run 15 trillion Indonesian rupiah ($1.1 billion) of its haj fund that will be moved from Islamic bank deposits to capital market investments, Benny Witjaksono, a member of the agency’s executive board told Salaam Gateway.
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