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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 Agency1. Chairman and 7 member of Supervisory Board2. 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)

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Air Ticket and AirportServices (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 personsRegistration >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) organized 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

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Principles: optimal, 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 Mioper 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 sustainablefinancial performance

Promoting a social fund, includingDistribution 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 operationalization Holding

Company “Isnad”

Finding Investment opportunity 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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