Prospective Hajj Pilgrims Don't Have To Worry, Funds At BPKH Are Guaranteed Safe

Head of BPKH Anggito Abhimanyu. (Photo: Screenshot of Infobank Talkshow)

JAKARTA - Unqualified Opinion (WTP) on financial reports that are attached by the Financial Supervisory Agency (BPK) to the Hajj Financial Management Agency (BPKH) is a guarantee for the community that the management is running safely and according to the mandate.

Head of BPKH Anggito Abimanyu emphasized that his party was committed to maintaining transparency in the management of hajj funds.

"So this is our third year, thank God, we have received an unqualified opinion," he said in a virtual talk show BPKH with Infobank themed 'Maintaining Transparency in the Management of Hajj Funds' in Jakarta, Monday, July 5.

For information only, BPK has provided an Unqualified opinion on the 2020 BPKH Financial Report based on the Audit Result Report (LHP). This WTP is the third time it has been issued in a row since BPKH compiled the 2018 Financial Report. This is proof of accountability, transparency and responsibility to the community regarding the management of hajj funds.

Head of the Fatwa Division of the Indonesian Ulema Council (MUI), Asrorun Ni'am Sholeh said that the hajj funds were public funds, so public trust was needed in its management.

"Part of the effort to build public trust is to manage it as professionally as possible, transparently and also to ensure that there is public accountability," he said.

In terms of management, BPKH also departs from the law and ensures that the asset allocation is appropriate. BPKH's Deputy for Finance, Juni Supriyanto emphasized that related to investment or other forms of placement, BPKH has the possibility to enter, starting from gold, direct investment or other investments.

"Because BPKH must ensure that it is in accordance with sharia principles, it must be safe, then be careful. Then it has a level of return or value of benefits, all of which are awaited by pilgrims. Therefore, we are building infrastructure to be able to make other direct investments more efficiently. good," he said.

What already exists and is running with Islamic banking is financing that uses a mudharabah muqayyadah contract, a contract made between the owner of capital (bank) for a business determined by the owner of the capital (bank) and manager (customer), where the profit sharing ratio is agreed at the beginning for shared together.

According to the law, the asset allocation that can be done by BPKH is a maximum of 30 percent in Islamic banking, 35 percent in securities or sukuk, 5 percent in gold, 20 percent in direct investment, and 10 percent in other investments.

"So at this time, all investments are safe, limited to securities. Currently, there are almost 90 percent of the documents. Then there are other investments, such as mutual funds and overseas placements," explained Juni.

Based on the set of Ijtima Ulama Decrees of the Indonesian Fatwa Commission IV of 2012 BPIH deposit funds for Hajj candidates who are included in the waiting list in the account of the Minister of Religion, may be tasharrufed for productive (profitable) matters, including placements in Islamic banking or invested in sukuk.

"Regarding permissibility or tasharruf. It is permissible to invest. If it is understood by the public as a whole, there is a frenzy regarding the question of why it is being invested? It is actually no longer necessary. It has been completed (through the decision of the Ijtima Ulama)," explained Asrorun.

While representing the financial industry, where the placement of hajj funds in sharia banking is directly appointed by BPKH, the President Director of PT Bank Muamalat Indonesia Tbk, Achmad K. Permana believes that BPKH can take advantage of the network and all sharia banking services.

"We want to maximize the existing infrastructure in Islamic banks, and that is in accordance with the corridor in Law Number 34 that it is possible, yes, further cooperation between Islamic banking and BPKH, there were other investments, etc. I think we can also do that ," he said.

BPKH in terms of managing hajj funds is believed to have done the best, this is seen from the managed funds and the value of benefits continues to grow.

The position of hajj funds managed by BPKH until December 2020 increased by 16.56 percent or to Rp. 144.91 trillion, consisting of Rp.

Hajj funds are safely managed by BPKH, as can be seen from the Solvency Ratio and the mandatory Liquidity Ratio. The solvency ratio of BPKH from 2018 to 2020 continues to grow, from 104 percent to 108 percent. While the mandatory liquidity ratio is the ability of BPKH to provide Hajj Organizing Fees (BPIH) in the current year.

Based on the mandate of Law No. 34 of 2014, BPKH is required to maintain at least 2 BPIH.

In its realization, in 2020 the liquidity ratio must be maintained at 3.82 times the BPIH, which means that BPKH has prepared funds for the implementation of the Hajj, approaching 4 times the implementation of the Hajj.