Indonesia studying plans for use of $10 bln haj fund after government cancels pilgrimage
JAKARTA – Indonesia’s haj fund management agency (BPKH) is exploring new avenues for the use of some funds after the government announced the pilgrimage this year is cancelled citing safety issues amid the continuing spread of COVID-19.
BPKH chairperson Anggito Abimayu said the agency is exploring plans including supporting the central bank to strengthen the rupiah and helping the government mitigate the financial and economic impacts of the COVID-19 pandemic.
“Currently we are managing $600 million and 135 trillion rupiah ($9.3 billion) in haj deposits that are mostly invested in government sukuk instruments,” Anggito told Salaam Gateway.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
