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The Jakarta Post
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Investing haj funds, complying with sharia

Jakarta | Mon, August 7, 2017 | 10:41 am
Investing haj funds, complying with sharia According to the Religious Affairs Ministry, almost 40 percent of the haj funds have been invested in sukuk and project-based sukuk since 2010 under an agreement with the Finance Ministry. (Shutterstock/File)

PREMIUM President Joko “Jokowi” Widodo inaugurated recently the supervisory and executive boards of the newly established Haj Fund Management Agency (BPKH), which has taken over the management of the haj fund from the Religious Affairs Ministry. The President wants the BPKH to invest the funds in infrastructure projects as the government does not have enough funds to finance these projects....

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