Arrangement of Sharia Agreement in Hajj Funds Investment With Productive Waqf Schemes
- DOI
- 10.2991/assehr.k.201209.330How to use a DOI?
- Keywords
- Placement of Hajj Funds, Productive Waqf
- Abstract
The management of the Hajj fund by BPKH is still not optimal. Up until now, BPKH only invested the Hajj funds in the form of banking products and securities. Even though the Hajj Financial Management Act also mandates the placement of Hajj funds in the form of direct investment. On the other hand, productive waqf is the backbone of the country’s economy because it can reduce social inequality. However, the waqf organizers (nazhir) have difficulty in finding funds to increase the utilization of waqf assets. Even though the Waqf Law mandates the management of waqf assets for the welfare of the people. Therefore, the authors conducted a study to examine how the regulation of productive waqf with Hajj funds can be synergized through the arrangement of Islamic contracts. The results of the study are that the placement of Hajj funds through productive waqf can be done legally. In addition, the management of the Hajj fund with the development of waqf is a combination that is synergistic because it has the same characteristics, principles and management objectives. Thus, BPKH is advised to collaborate with waqf institutions so that the optimization of hajj funds can be maximized and provide benefits to Muslims and Hajj pilgrims.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Vidya Nurchaliza AU - Wirdyaningsih PY - 2020 DA - 2020/12/14 TI - Arrangement of Sharia Agreement in Hajj Funds Investment With Productive Waqf Schemes BT - Proceedings of the 2nd International Conference of Law, Government and Social Justice (ICOLGAS 2020) PB - Atlantis Press SP - 498 EP - 509 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.201209.330 DO - 10.2991/assehr.k.201209.330 ID - Nurchaliza2020 ER -