THE DEVELOPMENT OF THE INSTITUTION HAJJ FINANCE MANAGEMENT AGENCY IN INCREASING BENEFITS FOR PILGRIMS

This research focuses on the management of Hajj funds in Indonesia after the establishment of the Badan Pengelola Keuangan Hajiwith a comparison to Tabung Haji Malaysia. BPKH was established to manage Hajj funds in a professional, transparent, and accountable manner in order to improve the quality of Hajj implementation and provide benefits for Muslims. This study analyzes the growth of BPKH assets, constraints and challenges faced in managing Hajj funds. The main issues that arise are the significant growth of Hajj funds, transparency, accountability, and the potential for misuse of funds, especially in the implementation of special Hajj. Good management and compliance with sharia principles are the basis for managing Hajj funds, including the principles of justice, transparency, and accountability. The research method is qualitative with a review of the t-test in investment performance and asset growth. The results show that despite significant asset growth, there is an increase in investment risk due to market fluctuations and public demand for transparency in management. Finally, this study provides policy recommendations to improve the financial management of Hajj in order to provide optimal benefits for pilgrims.