Indonesian Political, Business & Finance News

Parliament Approves Hajj Financial Management Bill as Parliamentary Initiative Proposal

| | Source: KOMPAS Translated from Indonesian | Regulation
Parliament Approves Hajj Financial Management Bill as Parliamentary Initiative Proposal
Image: KOMPAS

JAKARTA — The House of Representatives (DPR) approved a draft law on hajj financial management as a parliamentary initiative proposal during a plenary session held on Thursday, 12 March 2026.

The decision was made after DPR Speaker Puan Maharani sought approval from all assembly members present in the session.

“We ask the honourable assembly whether the draft law as a parliamentary initiative from Commission VIII of the DPR regarding amendments to Law Number 34 of 2014 on Hajj Financial Management can be approved as a DPR parliamentary proposal?” Puan said whilst chairing the plenary session.

Deputy Chair of the DPR Legislative Body (Baleg) and Chair of the Working Committee (Panja) for Harmonisation of the Hajj Financial Management Bill Iman Sukri explained that the working committee had completed the harmonisation process for the draft policy.

During the harmonisation process, the Legislative Body held multiple public hearings and discussions with various parties, including the Ministry of Hajj and Umrah, the Hajj Financial Management Board (BPKH), and experts.

“The Legislative Body discussed the matter intensively and comprehensively in Plenary Meetings on 5 and 24 November 2025, Working Committee Meetings on 11 and 28 January 2026, and a Public Hearing on 12 February 2026,” said Iman.

One of the key changes involved modifying the bill’s title from “Amendment to Law Number 34 of 2014” to “Hajj Financial Management Law”.

Additionally, the working committee removed the non-profit principle to allow hajj financial management to operate professionally in order to increase the value of pilgrims’ contributions.

The bill also establishes strengthened corporate governance for hajj fund management with provisions that prevent dividend distribution to directors or supervisory board members.

“The working committee also proposed removing the supervisory board approval requirement for fund placements and investments in Article 14, which means supervisory board members will no longer be held jointly liable for losses as outlined in Article 55,” said Iman.

Regarding oversight, the working committee also proposed that hajj fund placements and investments be supervised by the Financial Services Authority (OJK).

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