Indonesia Develops Hajj Fund Management into a Halal and Sustainable Investment Model - Shia Waves
• Indonesia is upgrading its hajj fund management system by implementing an institutional model that integrates strict governance with Sharia-compliant investment strategies. • The initiative aims to transform managed funds into a diversified halal investment portfolio to ensure the long-term financial sustainability of pilgrim services. • This shift is significant as it moves the fund toward a more sustainable financing model, reducing reliance on immediate payouts and leveraging Islamic finance principles.
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