BSI Records Saudi Arabia's Riyal Money Exchange Transactions Increase By 57.18 Percent

Photo: Doc. Antara

JAKARTA - PT Bank Syariah Indonesia Tbk or BSI noted that Saudi Arabia's Riyal (Saudi Arab Riyal / SAR) exchange transactions increased 57.18 percent month-to-date (mtd) until May 2024 because they were pushed for the Hajj season this year.

The total real exchange at BSI until the May 2024 period reached 116.92 million SAR, resulting in a fee based income (FBI) of Rp. 16.74 billion.

"With the foreign exchange service, we hope that it will make it easier for customers, both pilgrims, pilgrims who will go to Umrah, as well as save Hajj savings at BSI to provide one stop solution. Saving, umrah or Hajj through travel, cooperation with BSI and mutual exchange can be done at BSI," said BSI Sales & Distribution Director Anton Sukarna in a written statement in Jakarta, quoted from Antara, Friday, June 7.

According to Anton, the increase in real foreign exchange transactions (valas) was triggered by a new government policy that facilitates the distribution of pocket money or living costs for pilgrims of SAR 750 per congregation that can be used during worship in the Holy Land.

To encourage foreign exchange transactions, the company facilitates BSI Money Changer located at BSI KC Surabaya Darmo, BSI KC Surabaya Basuki Rahmat, and BSI KC Denpasar.

Anton emphasized that BSI is committed to providing the best service for Indonesian pilgrims, both before departure and while in the Holy Land.

Not only buying and selling riyal money, BSI is ready to oversee Indonesian Hajj pilgrims' services ranging from rituals services in embarkations in cities and districts, major debit cards with free facilities of three times cash withdrawals per month in Saudi Arabia, to cashback shopping at merchants in Saudi Arabia with a minimum of IDR 10 million.

BSI also optimizes Hajj services in 14 embarkations throughout Indonesia. In addition, BSI collaborates with partner travel and well-known Umrah Hajj associations throughout Indonesia.

In this year's Hajj season, BSI dispatched 178,770 thousand pilgrims or the equivalent of 83 percent of the approximately 213 thousand regular pilgrims from Indonesia. Gradually, the 2024 Hajj pilgrims began to be flown to the Holy Land since May 12, 2024 through 14 embarkations throughout Indonesia and will last until June 10, 2024.