An Analysis of Investment for Hajj Funds from Islamic Law Perspective

Annas Syam Rizal Fahmi

Abstract

Being the largest Muslim country with some 250 million Muslims, Indonesia faces
a huge demand from its citizens eager to perform Hajj and then it will impact to the huge
of funds to perform Hajj (Pilgrim). Initially, any surplus funds held by the Department of
Religion are supposed to be paid to the Islamic Community Perpetual Funds (Dana
Abadi Umat). Currently, the government is now eyeing the country’s hajj (Muslim
pilgrimage) fund as a potential source of infrastructure finance. By that araises some
debate whether the hajj funds can be used or no to finance Indonesia infrastructure
project. Therefore, the study intends to analyse the investment of hajj funds from Islamic
law perspective. However, findings of the study are that the use of the hajj funds for
investment is permissible in Islam with some condition such as the benefit gained from it
is used for infrastructures abd facilities of hajj performance.

Keywords

Hajj Funds; Investment; Islamic Law

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