Indonesian Hajj Fund Man. Agency or BPKH BPKH is the Indonesian Establish: June 2017 (Law Hajj Fund Management Num 34/2014, Pres. Decree Agency directly under 110/2017, Gov. Reg. 5/2018 ) the President Hajj Fund Management Agency Government Structure of the Agency Total current Asset Affiliated 1. Chairman and 7 member of (Oct, 2019): Rp. 120 Public Supervisory Board Trillion or equivalent Institution 2. Head and 7 member of to US$ 8.450 million Executive Board 2
Cost Componen of Performing Reg. Hajj (2019) Air Ticket and Airport Services (40%) Catering (5%) ArMuNa: Arafat, Accomodation: Muzdhalifa, Mina,(4,8%) Mecca (24%) Medina (6%) Domestic and Others (3%) Inter-City (5,3%) Shalawat: Haraam Shuttle (0,7%) Living Cost (2,4%) Total Full Cost/Pilgrim Rp. 70 Mio or US$5.013 3
Source of Finance Reg. Hajj (2019 season) Reguler Hajj organized by the Government (MORA) 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$704 (14%) Number of Days: 42 Hajj quota: 214 thousands pilgrims Registration >600 thousands Total waiting list: 4,2 million persons persons/year Waiting time: average 20 years Agency/BPKH Contribution to Hajj Cost = 50% 3
Average Cost Premium Hajj (2019 season) Premium Hajj organized by Super Premium Hajj (Furoda) Private Tour Operators organized by Private Tour Operators • Down payment US$ 4.000 • Total package US$ 10.00- 20.000 Total Package US$ >US$ 20.000 Total Waiting List: 100 thousands (10 thousands/year) Waiting time: -- Hajj Quota: 17 thousands Hajj Quota: Waiting Time: 6 years No official quota (<1% of Quota) US$ 10.00-20.000 US$ >US$ 20.000
Umrah Package (2019) Number of Umrah Visitor: Umrah Package average almost 1 million (app) Rp. 25 millions/US$ 1,764 (Air ticket, hotels, meals, ziarah) Managed by Private tour operators Embark from 6 cities to No official quota Jeddah/Medina Number of days average 10 days (Medina-Mecca-Ziarah) Rp. 25-30 mio or US$1.750-2.100/ Umrah Package
BPKH Provide Optimal Return Total investable funds: Rp. 120 Trilion (US$ 8.4 01 02 Principles: Mio), increase by Rp. 10 optimal, sharia, Trilion or US$716 Mio efficient, safe and S W per year. liquid Hajj related Investment in Indonesia and global: • Portolio: sukuk, equity, O T portfolio investment Placement in the • Gold (5%) Indonesian Sharia Bank • Direct Investment (20%) (mostly mudharabah); • 50% 30% (2020) Other Investment (10%) 03 04
Usage of the BPKH Return Deposits to Waiting List Support Hajj Operation Operational Support of Pilgrim in the form of Allocation for Social and Hajj Subsidy (hotels, BPKH (max 5%) Virtual Account (% of Funds (% of Return) food, naqabah, ArMuzNa, education, etc) Return) BPKH Return
BPKH Strategic Priority>2019 Providing of sustainable Improving BPKH financial performance Information Technology Direct Investment in Hajj related service Working closely with Promoting a social fund, including Holding company Distribution of Adahi Hajj meat “ Isnad ”
Anticipating of Hajj and Umrah Service Digitalization Manual E-Hajj; GDS > 2019 <2013 2013-2019 10
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Challenges and Future of Indonesian Hajj Fund Agency/BPKH Moving toward efficient and effective Anticipating of forming and Finding Investment hajj management operationalization Holding opportunity and through sustainable Company “ Isnad ” partner in KSA financing (Mecca and Medina), Institutional Adopt and modernize Cooperation with KSA service through Technology Min of Hajj and with Information and Hajj Missions Digitalization
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