Hajj Financial Management Bill Revision Opens Investment Space for Pilgrim Funds

The Draft Law on the Amendment to Law Number 34 of 2014 concerning Hajj Financial Management opens wider space for optimising value benefits for millions of prospective hajj pilgrims. Head of the BPKH Executing Agency, Fadlul Imansyah, emphasised that regulatory changes are necessary so that hajj fund management can be more adaptive in facing economic developments, the service needs of pilgrims, and the increasingly complex challenges of organising the hajj pilgrimage. “Hajj funds are a trust of the people that must be managed professionally, transparently, and sustainably. The revision of the Hajj Financial Management Law is an important step to strengthen the BPKH institution while optimising the benefits that can be directly felt by pilgrims,” Fadlul said in Bandung on Friday (12/6/2026). According to him, regulatory strengthening will provide a more solid foundation for BPKH in developing productive hajj fund management while still prioritising the principle of prudence and protection of pilgrims’ funds. The revision of the Hajj Financial Management Law contains a number of strategic changes that have the potential to increase the effectiveness of national hajj fund management. One of them is the expansion of investment space that allows BPKH to invest more flexibly in sectors related to the hajj ecosystem and other productive instruments. This step is expected to increase the value of hajj fund benefits so as to provide a greater impact on the sustainability of hajj pilgrimage operations and the quality of pilgrim services. In addition, the revision regulates the strengthening of risk mitigation through the establishment of capital reserves, strengthens aspects of supervision and transparency, and opens opportunities for the emergence of a more flexible Hajj Travel Cost (Bipih) payment scheme for prospective pilgrims.