Indonesia’s Pivotal Role in Global Hajj Financial Ecosystem Highlighted at International Forum

Hajj Financial Ecosystem

Jakarta, The Gulf Observer: The Hajj Financial Management Agency (BPKH) emphasized Indonesia’s significant position in the global Hajj financial management ecosystem, leveraging its standing as home to the world’s second-largest Muslim population. Head of BPKH’s Executive Board, Fadlul Imansyah, highlighted this strategic potential during the International Hajj Financial Forum held at the Jakarta Convention Center (JCC) Senayan on Wednesday.

“Indonesia, with its vast Muslim population, has a unique opportunity to emerge as a global hub for sharia-compliant economics and finance,” Imansyah noted. This vision, he said, is driven by Indonesia’s capacity to lead and innovate in Hajj financial management and related services, positioning itself as a cornerstone in the sharia finance sector.

Organized in collaboration with Bank Indonesia (BI), the forum serves as a platform to enhance Hajj fund management practices and facilitate the entry of Indonesian Hajj and Umrah support products into the Saudi Arabian market. Imansyah shared that BPKH has been advancing its efforts to optimize Hajj funds, including investments through BPKH Limited, a subsidiary located in Jeddah, Saudi Arabia, which aims to ensure substantial returns while benefiting Indonesian Hajj pilgrims.

“By diversifying market strategies and promoting tailored services, Indonesia is well-positioned to enrich the Hajj experience for its pilgrims,” Imansyah stated, underlining the importance of quality and customization in service offerings.

BI Assistant Governor Dicky Kartikoyono echoed these sentiments, stating that the forum aims to foster collaboration and share best practices, paving the way for sustainable and effective Hajj management.

“With initiatives such as these, we anticipate new strategies to further strengthen Hajj management,” Kartikoyono remarked, expressing optimism for the future of Indonesia’s contributions to the Hajj ecosystem.