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