Eramuslim.com – Regarding the Hajj funds, Spokesperson for the Indonesian Vice President Ma’ruf Amin, Masduki Baidlowi, said that the funds may be used for infrastructure development as long as the sharia requirements are met and their use is safe.
“There is no prohibition against it, as long as it is safe. Investment is allowed, both legally and by fatwa, as long as the conditions are met and it is safe,” said Masduki in his statement in Jakarta, Wednesday (9/6) quoted from ANTARA.
PBNU Deputy Secretary General Masduki Baidlowi at the PBNU Office.TEMPO/Muhammad Hidayat
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So far, continued Masduki, there has been no direct investment of Hajj funds into infrastructure because there are still considerations as to whether the development is safe or not.
“Currently there is no direct investment allocation to the infrastructure, not because it is prohibited by law and sharia principles. So, if it doesn’t exist, it’s not because it’s prohibited, but rather it’s safer or not being brought there,” he explained.
Masduki said that most of the investments made by the Hajj Financial Management Agency (BPKH) were with State Sharia Securities (SBSN).
In addition, hajj funds are also used to build public infrastructure, such as hajj dormitories, madrasas, religious office buildings, and Islamic universities.
“It is legal, regulatory and sharia principles are not prohibited. It is not permissible for the Hajj funds to be invested through sukuk or other non-sharia funds,” he asserted.
Previously, the Head of the BPKH Executing Agency Anggito Abimanyu said 90 percent of the investment in Hajj funds was in the form of sharia securities and corporate sukuk.
He also said that his party did not allocate hajj funds for infrastructure financing. Hajj fund investment is used with a low to moderate risk profile.
“As much as 90 percent is in the form of state sharia securities and corporate sukuk,” he said. []
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