Understanding BPJS Syariah Employment And The Difference With Conventional BPJS

Illustration of BPJS Employment. (ANTARA-HO)

YOGYAKARTA The government will soon have BPJS Syariah Employment which can be owned by the community. Although currently it has not been implemented nationally, the existence of BPJS is a breath of fresh air for people, especially those who are Muslim. Then, what is the difference between BPJS Syariah Employment and ordinary or conventional?

It should be noted that BPJS Syariah Employment is actually not new. It's just that the Government has just implemented the Sharia-based BPJS Employment service in Aceh Province. The launch of the program was carried out in 2021

Quoted from the official BPJS Employment website, Finance Minister Sri Mulyani said that the BPJS Syariah service would later be developed not only in Aceh Province but in other provinces. The difference between BPJS Syariah Employment and BPJS Ketenagakerjaan is as follows.

BPJS Employment Deputy for Communication Oni Marbun explained the difference between BPJS Ketenagakerjaan and BPJS conventional, one of which is from the legal aspect. He said that in terms of law, existing services eat up the laws and regulations under him.

Meanwhile, sharia-based services are not only based on applicable laws, but are coupled with sharia provisions as stated in the Fatwa of the MUI National Sharia Council, especially regarding the validity of sharia practices.

In terms of business processes, there is no change in existing services because in sharia services, substantively it will be separated between company funds and participant funds. In addition, in sharia services there is also a principle of mutual cooperation in the Social Security Fund.

From the investment aspect, existing services have placed some of their investments in sharia instruments. Meanwhile, new sharia services will place full investment funds aka 100 percent in the sharia portfolio.

At BPJS Ketenagakerjaan previously, information on rights and obligations established between BPJamsostek and participants was limited. However, at BPJS Syariah services, the organizers will explain the rights and obligations to be explained at the beginning and stated in the contract.

That's information related to BPJS Syariah Employment. Visit VOI.ID to get other interesting information.