BPKH Strengthens Governance and Expands Hajj Fund Investment
Jakarta — Transparency and accountability in hajj fund management continue to show significant strengthening. The Hajj Financial Management Agency (BPKH) recorded an audit recommendation follow-up completion rate of 95.69 per cent throughout 2025, the highest among other state institutions.
This achievement was announced at the Entry Meeting for the Financial Statement Examination of Ministries/Agencies within the DJPKN V Environment in 2025 on Thursday 26 February. Based on the State Auditor (BPK) RI examination results for the second semester of 2025, BPKH has followed up on 244 out of a total of 255 state auditor recommendations progressively and continuously.
This achievement strengthens BPKH’s track record as an accountable manager of community funds. Since its establishment in 2017, BPKH has consistently received an unqualified audit opinion (WTP) for seven consecutive years.
BPK RI Member V, Bobby Adhityo Rizaldi, appreciated BPKH’s commitment in responding to audit results consistently. According to him, the high completion rate of follow-up actions is an important indicator of the quality of state institution governance.
“This completion rate demonstrates a commitment to ensuring that every state auditor recommendation is implemented substantively and sustainably. This is a form of transparency and accountability in maintaining public trust in financial management,” he stated in a press release on Sunday 2 March 2026.
BPKH Executive Board Head, Fadlul Imansyah, emphasised that every BPK recommendation serves as the basis for continuous improvement of the hajj fund management system. Compliance with auditor recommendations, according to him, is part of the organisation’s risk mitigation strategy whilst also fulfilling the trust of hajj pilgrims.
“We are committed to making transparency the main foundation. We use every recommendation as a stepping stone for continuous improvement to maintain the trust and confidence of pilgrims. Our target is not merely a figure, but rather the quality of hajj fund management that delivers maximum benefits for the community,” Fadlul said.
In its operations, BPKH applies the principle of prudence, multi-layered oversight, and rigorous auditing. Fund management is conducted through measured, secure investment and placement processes in accordance with regulations, to ensure the sustainability of benefits for pilgrims.
This momentum in strengthening governance is coupled with the strategic agenda of revising the Law on Hajj Financial Management. BPKH views this revision as an important opportunity to enhance investment flexibility whilst optimising the role of subsidiaries, particularly in direct investment abroad.
Fadlul explained that the development of BPKH’s subsidiary in Saudi Arabia is directed at two main pillars: integration of national investment with Danantara and state-owned enterprise groups, as well as institutional collaboration with the Saudi Ministry of Hajj and Umrah.
“Through synergy with Danantara, we want to build an integrated national investment orchestration. The subsidiary in Saudi Arabia will become a collaborative platform for state-owned and private national enterprises to enter more structurally and competitively in the hajj and umrah ecosystem,” he said.
BPKH Executive Board Member for Direct Investment, M. Arief Mufraini, added that this collaborative approach would strengthen Indonesia’s negotiating position at the global level. Synergy with Danantara and state-owned enterprises enables the formation of stronger, measured co-investment schemes with a long-term orientation.
“With the right investment structure, we can ensure strategic control, disciplined risk management, and long-term value creation. This also opens space for participation by competent national private sector,” Arief said.