BPKH Invests in Saudi Arabian Hotels and Catering to Reduce Hajj Costs

The Head of the Hajj Financial Management Agency (BPKH), Fadlul Imansyah, revealed several challenges faced by BPKH in managing Hajj fund investments to ensure that the benefits align with targets.

The management of Hajj funds currently faces numerous challenges, including the weakening value of the Rupiah, given that 80% of Hajj costs, amounting to around Rp18 trillion, are paid in US Dollars and Saudi Riyals.

One effort to reduce the burden of the Rupiah’s exchange rate difference in Hajj costs is for BPKH to make direct investments in the Hajj and Umrah ecosystem. This includes through BPKH Limited, a subsidiary operating in accommodation, transportation, and catering, aimed at improving Hajj cost efficiency while enhancing the quality of Hajj worship services.

Regarding the results of managed Hajj funds, BPKH also channels investment returns or Hajj fund benefits to virtual accounts of Hajj pilgrims, which can serve as a reduction in the Hajj costs that pilgrims must pay.

In 2025, BPKH will distribute investment benefits from Hajj funds amounting to Rp4.4 trillion to 5.5 million accounts of prospective Hajj pilgrims (CJH) still in the queue.