Indonesian Hajj Fund Man. Agency or BPKH BPKH is the Indonesian - - PowerPoint PPT Presentation

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Indonesian Hajj Fund Man. Agency or BPKH

Government Affiliated Public Institution

BPKH is the Indonesian Hajj Fund Management Agency directly under the President

Total current Asset (Oct, 2019): Rp. 120 Trillion or equivalent to US$ 8.450 million Structure of the Agency

• 1. Chairman and 7 member of

Supervisory Board

• 2. Head and 7 member of

Executive Board Establish: June 2017 (Law Num 34/2014, Pres. Decree 110/2017, Gov. Reg. 5/2018 )

Hajj Fund Management Agency

Cost Componen of Performing Reg. Hajj (2019)

3 Air Ticket and Airport Services (40%) Accomodation: Mecca (24%) Medina (6%) ArMuNa: Arafat, Muzdhalifa, Mina,(4,8%) Domestic and Others (3%) Inter-City (5,3%) Shalawat: Haraam Shuttle (0,7%) Living Cost (2,4%) Catering (5%)

Total Full Cost/Pilgrim Rp. 70 Mio or US$5.013

Source of Finance Reg. Hajj (2019 season)

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Reguler Hajj organized by the Government (MORA)

Agency/BPKH Contribution to Hajj Cost = 50%

Full Cost per Pilgrim Rp. 70 mio or US$5.013

• Down Payment (DP) Rp. 25 mio or US$1.760 (35%)
• Return Own Fund (DP) Rp. 10 mio or US$704 (14%) –10Y
• Subsidy from BPKH Rp. 25 mio or US$1.760 (35%)—waiting list
• Balance payment Rp. 10 mio or US$704 (14%)

Number of Days: 42 Hajj quota: 214 thousands pilgrims Total waiting list: 4,2 million persons Registration >600 thousands persons/year Waiting time: average 20 years

Average Cost Premium Hajj (2019 season)

Premium Hajj organized by Private Tour Operators

US$ 10.00-20.000

Super Premium Hajj (Furoda)

• rganized by Private Tour

Operators

US$ >US$ 20.000

• Down payment US$ 4.000
• Total package US$ 10.00-

20.000 Total Waiting List: 100 thousands (10 thousands/year) Hajj Quota: 17 thousands Waiting Time: 6 years Total Package US$ >US$ 20.000 Waiting time: -- Hajj Quota: No official quota (<1% of Quota)

Umrah Package (2019)

• Rp. 25-30 mio or US$1.750-2.100/

Umrah Package

Number of Umrah Visitor: almost 1 million (app) Managed by Private tour operators No official quota Number of days average 10 days (Medina-Mecca-Ziarah) Umrah Package average

• Rp. 25 millions/US$ 1,764 (Air

ticket, hotels, meals, ziarah) Embark from 6 cities to Jeddah/Medina

BPKH Provide Optimal Return

01 02 03 04

T O S W

Principles:

• ptimal, sharia,

efficient, safe and liquid Placement in the Indonesian Sharia Bank (mostly mudharabah); 50%  30% (2020) Hajj related Investment in Indonesia and global:

• Portolio: sukuk, equity,

portfolio investment

• Gold (5%)
• Direct Investment (20%)
• Other Investment (10%)

Total investable funds:

• Rp. 120 Trilion (US$ 8.4

Mio), increase by Rp. 10 Trilion or US$716 Mio per year.

Usage of the BPKH Return

BPKH Return

Support Hajj Operation and Hajj Subsidy (hotels, food, naqabah, ArMuzNa, education, etc) Deposits to Waiting List Pilgrim in the form of Virtual Account (% of Return) Allocation for Social Funds (% of Return) Operational Support of BPKH (max 5%)

BPKH Strategic Priority>2019

Improving BPKH Information Technology Providing of sustainable financial performance Promoting a social fund, including Distribution of Adahi Hajj meat Working closely with Holding company “Isnad” Direct Investment in Hajj related service

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Anticipating of Hajj and Umrah Service Digitalization

Manual <2013 E-Hajj; 2013-2019 GDS > 2019

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Challenges and Future of Indonesian Hajj Fund Agency/BPKH

Moving toward efficient and effective hajj management through sustainable financing Anticipating of forming and

• perationalization Holding

Company “Isnad” Finding Investment

• pportunity and

partner in KSA (Mecca and Medina), Institutional Cooperation with KSA Min of Hajj and with Hajj Missions Adopt and modernize service through Technology Information and Digitalization

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