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Plan to use hajj account for infrastructure development

Jakarta (ANTARA News) – The Religious Affairs Ministry has, so far, managed supports deposited or invested in sukuk by would-be Hajj pilgrims, and a distinction performed from them has enabled a supervision to offer subsidies to pilgrims.

According to a Ministry of Religious Affairs, a Hajj event outing now costs Rp68 million for any pilgrim, though regulating a increase performed from handling a Hajj fund, a supervision provides a 50 percent subsidy, so that a impending Hajj traveller is usually compulsory to compensate Rp34 million as event cost.

The sum volume of Hajj account being managed now reaches Rp99.34 trillion. The supervision is formulation to deposition a account in a some-more essential infrastructure sector.

Coordinating Minister for Economy Darmin Nasution settled that a distinction is aloft if a Hajj event account is invested in infrastructure projects rather than in other sectors. The seductiveness could be as high as 12-13 percent if a Hajj event account is invested in infrastructure projects, Nasution remarkable after attending an mercantile assembly in Jakarta on Tuesday (Aug 1).

“Hajj event account is a long-term fund. If it was invested as a deposition in a bank, a seductiveness is usually around five-six percent a year. The distinction would be many aloft if it were to be invested in infrastructure projects,” he added.

Hence, a supervision has put onward a thought of investing a Hajj event account in infrastructure projects. Last Saturday, (July 29), Religious Affairs Minister Lukman Hakim Saifuddin had suggested that supports from a Hajj Management Body could be used for prolific projects.

This includes building infrastructure, and this is formed on a Constitution and manners of fiqh, or Islamic jurisprudence.

“As prolonged as a function of supports meets a sharia principles, that is regulating with counsel and generating value in suitability with a prevalent law and for a consequence of Hajj pilgrims and people, in general, Hajj supports can be diverted for investment in infrastructure,” Hakim stated.

The same viewpoint was also echoed by President Joko Widodo while inaugurating a house of managers for a new eccentric Hajj account group final Wednesday (Aug 1). The conduct of state sensitive a new board, that takes over a supervision of a hajj account from a eremite affairs ministry, that rather than withdrawal supports “idle,” it would be improved to deposition them in places that are “safe though with large profits.”

Traditionally, many of a Hajj funds, perceived from Indonesian Muslims essential deposits to book a place for a pilgrimage, are placed in banks. By investing a Hajj account in infrastructure projects, it will be some-more profitable.

Most importantly, a supervision is in apocalyptic need of supports to build infrastructure comforts in a country. It has projected investments value Rp4,000 trillion until 2019 on infrastructure projects. Of this, a private zone is approaching to deposition about two-thirds, or Rp2,667 trillion, while a supervision will deposition a remaining Rp1,333 trillion.

Executive Board Chairman of a countrys largest Muslim classification Nahdlatul Ulama Sulton Fatoni hailed a governments devise to use a Hajj account for infrastructure development, as an investment in a vital sector.

“The governments thought to deposition a Hajj account is certain from a mercantile perspective, so it would beget additional inhabitant income,” Fatoni had remarked in Jakarta on Monday (July 31).

Fatoni pronounced that optimizing a supervision of Hajj account could boost a state income but disadvantaging would-be Hajj pilgrims who have paid their event cost.

The Indonesian Ulemas Council (MUI) has underlined that a Hajj account can be used for investment and infrastructure growth as prolonged as a use of a account is formed on 4 conditions.

Secretary of MUIs Fatwa Commission Asrorun Niam settled during a contention on a use of Hajj account in infrastructure investment that a MUI had, given long, conducted studies and released a fatwa on a function of Hajj fund.

“The distribution of a fatwa is dictated to forestall dispute of domestic interests that would trigger pros and cons,” Niam remarked.

He pronounced a Fatwa Commission of MUI had discussed a function of idle Hajj fund, deposited by would-be pilgrims who are still on a watchful list, during an Islamic boarding propagandize in Tasikmalaya, West Java, in Jul 2012.

The 4 conditions are enclosed in a MUI fatwa that a account could be used if firstly, a business form in that a account is to be invested should accommodate a sharia business principle. Secondly, a investment is associated to prudentiality or in a secure condition, a account would not reduce. Thirdly, it is formed on profitable principles, and it advantages a pilgrims or Muslim community, and fourthly, a account should be liquid, in a clarity that it could be used in a continual manner, as a normal need for organizing a Hajj event each year reaches Rp3.5 trillion.(*)

Article source: http://www.antaranews.com/en/news/112130/plan-to-use-hajj-fund-for-infrastructure-development