Publication:
A study of the obligation of hajj fund management agency republic Indonesia as an Islamic financial institution to pay zakat
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Dwi Lukitosari | |
| dc.contributor.supervisor | Saiful Azhar Rosly | |
| dc.date.accessioned | 2024-02-22T07:18:42Z | |
| dc.date.available | 2024-02-22T07:18:42Z | |
| dc.date.issued | 2022 | |
| dc.description.abstract | Badan Pengelola Uang Haji (BPKH), as a hajj fund management agency, manages the fund of prospective pilgrims based on the wakalah contract. The fund are sourced from savings of prospective pilgrim where it is managed for both safety and income objectives. Fund are placed in bank deposits and also invested in governemt securities The income realized from these investments are used to subsidize cost of hajj pilgrim expenditures. However, it is believed that payment of zakat by BPKH will significantly reduce the subsidies given to pilgrims, as zakat payment is based on the income generated from the fund, hence adversely affecting the amount of income that can be spend to subsidize pilgrims. This study aims to examine the performance of BPKH in managing hajj fund. It also aims to examine the obligation of BPKH to pay zakat from Shariah and legal framework. The respondents from varied backgrounds were interviewed to address the issue. The results showed that the rentability ratio is a significant component of the BPKH fund management as it evidences the size of subsidies available to pilgrims. The obligation to pay zakat would increase the expenses of BPKH in managing hajj as it reduces the subsidies given to pilgrims as net income after zakat will be relatively smaller. The issue of zakat obligation on BPKH has led to different opinions among the respondents, hence there should be a fatwa from the National Sharia Board to set a legal rule on the zakat obligation in BPKH. | en_US |
| dc.identifier.citation | Lukitosari, D. (2022). A study of the obligation of hajj fund management agency republic Indonesia as an Islamic financial institution to pay zakat (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3938 | en_US |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/3938 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | INCEIF | en_US |
| dc.rights | 2022. INCEIF | |
| dc.source | SGPS | |
| dc.subject | Hajj fund management agency | en_US |
| dc.subject | Badan Pengelola Uang Haji (BPKH) | en_US |
| dc.subject | Hajj pilgrim | en_US |
| dc.subject | Islamic financial institution | en_US |
| dc.subject | Zakat | en_US |
| dc.subject | Indonesia | en_US |
| dc.subject | Project paper (eMIF) | |
| dc.title | A study of the obligation of hajj fund management agency republic Indonesia as an Islamic financial institution to pay zakat | en_US |
| dc.type | Master | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Theses | |
| ikr.license | Kindly email to kmc@inceif.org to access the item | |
| ikr.topic.maintopic | Islamic wealth management | en_US |
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