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Financial sustainability challenges of Hajj Financial Management Agency (BPKH): What really matters?

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dc.contributor.authorDony Perdana
dc.contributor.authorSaeed Awadh Bin-Nashwan
dc.contributor.authorAishath Muneeza
dc.contributor.authorM. Kabir Hassan
dc.date.accessioned2024-02-29T08:55:22Z
dc.date.available2024-02-29T08:55:22Z
dc.date.issued2024
dc.description.abstractThis chapter aims to evaluate the Hajj financial management system by Hajj Financial Management Agency (BPKH) with challenges that have the potential to impact the financial sustainability of hajj funds; assesses the effectiveness of the implementation of the hajj fund subsidy system associated with the financial sustainability of the hajj fund; and proposes solutions to overcome the hajj financial management system and hajj fund subsidy system. A qualitative research approach through interviews along with a documents review was used to collect data and achieve the research objectives. The results of the analysis show that there are challenges in the hajj fund management system in terms of regulation, which are the issuance of Law Number 8 of 2019, about the Management of Hajj and Umrah that regulates different things for the same substance in Law Number 34 of 2014 about Hajj Financial Management. This resulted in the unclear relationship and flow of hajj financial management related to the implementation of the hajj pilgrimage between two related institutions, which are the Ministry of Religion and the BPKH. In addition, regarding the financial sustainability of the hajj in the practice of providing subsidies for the implementation of the hajj, it can be stopped gradually. If the subsidy system is to be continued, it will make hajj finances unsustainable and not in accordance with Sharia principles and justice. This study is the first of its kind to examine the financial sustainability of the Hajj Financial Management Agency (BPKH) in Indonesia. In addition to being a reference for future researchers, this study could also serve as an impetus for policymakers to design strategies that overcome the weaknesses of the hajj financial management system and the hajj fund subsidy system.en_US
dc.identifier.citationPerdana, D., Bin-Nashwan, S. A., Muneeza, A., & Hassan, M. K. (2024). Financial sustainability challenges of Hajj Financial Management Agency (BPKH): what really matters? In M. K. Hassan, P. Biancone, & A. Muneeza (Eds.), Islamic finance in Eurasia (pp. 222-251). Edward Elgar Publishing.en_US
dc.identifier.isbn9781035308699
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3954
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEdward Elgar Publishingen_US
dc.sourceSEDONA
dc.subjectHajj managementen_US
dc.subjectIslamic fund managementen_US
dc.subjectReformsen_US
dc.subjectIndonesiaen_US
dc.titleFinancial sustainability challenges of Hajj Financial Management Agency (BPKH): What really matters?en_US
dc.typeChapter in Booken_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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