A Comparative Study of Hajj Fund Management Institutions in Malaysia, Indonesia and Maldives

Muneeza, Aishath; Sudeen, Amira Shuhadabinti Tamby; Nasution, Atiqoh; Nurmalasari, Ratih

doi:10.18646/2056.53.18-009

Cited by 14 publications

(14 citation statements)

References 3 publications

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“…Pilgrimage to Mecca is a religious obligation for Muslims and many pilgrims spend years saving for one trip in order to perform the Hajj. There are several financial institutions created for the purposes of helping pilgrims to save money to perform hajj; for example, Tabung Haji in Malaysia and Maldives Hajj Corporation Limited in Maldives(Muneeza et al, 2018). Tabung Haji was the first Islamic savings institution in Malaysia.…”

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confidence: 99%

Islamic Financial Wealth Management: Empowering Women in Islamic Societies

Mahadi

Mazli

Muneeza

2019

IJMAR

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The gender gap in Islamic wealth management is an area often not discussed as some perceive Islam as a religion that bans women from acquiring and managing wealth separately from the men in their life. Therefore, this paper aims to explore the economic status of women from an Islamic perspective by examining the relevant literature. Drawing from the Malaysian context, this paper illustrates the gender gap in financial inclusion and also looks at market opportunities to empower women financially. This is a conceptual paper grounded in religious texts, academic publications and statistics published by authoritative bodies. The paper clarifies the general concept of Islamic wealth management and the economic status of women according to the Shariah perspective. Moreover, the paper also discusses certain products offered by Islamic Financial Institutions (IFIs) which women can channel their savings into.

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confidence: 99%

Islamic Financial Wealth Management: Empowering Women in Islamic Societies

Mahadi

Mazli

Muneeza

2019

IJMAR

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“…Thus, Tabung Haji not only provided services in accordance with Shariah to the individuals but also managed a huge investment fund through techniques that conformed with Shariah (Islamic Research and Training Institute [IRIT], 1995, p. 7). Many countries, following the footsteps of Tabung Haji, have introduced similar entities to manage Hajj fund as well as Hajj services and these include Indonesia and Maldives (Muneeza et al , 2018).…”

Section: Management Of Hajj and Umrah And Its Significance For Muslimsmentioning

confidence: 99%

COVID-19: it’s impact in Hajj and Umrah and a future direction

Muneeza

Mustapha

2021

JIABR

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Purpose There is a misconception that Hajj and Umarah is just a worship matter and the consequences of suspending these religious gathering due to the pandemic is only limited to delay of going Saudi Arabia to perform it. However, the purpose of this paper is to focus on the impact of the pandemic in Hajj and Umrah by exploring its impact on different stakeholders affecting its disruption due to the pandemic. Design/methodology/approach This is a library-based study that uses qualitative method to explore the impact of COVID-19 on Hajj and Umrah. Thus, provisions of Quran and hadith on Hajj and Umrah were examined as primary data for the research to establish the importance of the rituals in Islam. Guidelines set by Hajj regulators and instruments enabling them in that behalf were examined likewise. In addition, content analyses were made of relevant secondary data from published sources including articles, books, newspapers and web resources that embody scholarly, scientific and religious views on the issue being studied. Findings It is realised that in the first year of the pandemic, while Umrah is entirely suspended, Hajj was scaled back and performed by 10,000 people altogether, a tiny segment of the over two and half million that partook in the ritual previously. Hajj and Umrah have been greatly inhibited and jeopardised by the COVID-19 pandemic resulting in religious, social, economic, psychological effects on the eligible but affected Muslims and Muslims countries. Along these lines, recommendations were accordingly proffered on the way forward to better Hajj and Umrah management. Originality/value It is anticipated that the findings of the research would assist policy makers to comprehend the impact of the pandemic on Hajj and Umrah to ensure that the policies they make in this regard would adequately cover every aspect affecting the stakeholders which is deliberated in this research. It is also expected that the recommendations provided in this paper will assist stakeholders of Hajj and Umrah to grasp the importance of taking precautions for any crisis similar to COVID-19 when it happens.

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“…Undang-undang Nomor 34 Tahun 2014 tentang Pengelolahan Keuangan Haji menjadi terobosan dalam pengelolaan dana haji di Indonesia. Undang-undang ini mewajibkan pembentukan lembaga pengelola dana haji atau Badan Pengelola Keuangan Haji (BPKH) sebagai badan hukum publik yang independen untuk mengelola dana haji dan dipertanggungjawabkan kepada presiden melalui Menteri Urusan Agama (Muneeza et al, 2018).…”

Section: Pendahuluanunclassified

Problematika Regulasi Pengelolaan Dana Abadi Umat: Disharmonisasi Kelembagaan dan Legal Standing

Zakiruddin

2021

JMS

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Law Number 8 of 2019 concerning the Implementation of Hajj and Umrah Worship, discusses the polemic and disharmony of Law Number 34 of 2014 concerning Hajj Financial Management. The elimination and transfer of the functions and duties of the Badan Pengelola Dana Abadi Umat (BP-DAU) to the Ministry of Religion resulted in disharmony. Not only in the regulatory aspect but in institutions. Some questions or problem formulations that arise in this paper are, what are the dynamics in the management of the Umat Endowment Fund? Second, what are the factors of institutional disharmony and legal aspects in the management of the Dana Abadi Umat? How is the impact of this disharmony on the management of the Dana Abadi Umat?In answering these questions the authors use the Library research method with a statutory approach (Statue approach), which is built on legal theories, tiered legal theory "The Hierarchy Of law", then the principles of legal preference, as well as Synchronization and Harmonization of laws. invite. This dualism is caused by disharmony between the PKH law and the PIHU law, disharmony in the PIHU Law is built on various factors and aspects, so that the PIHU Law is deemed not to apply the principle of legacy and the principle of forming good legislation. This dualism in the management of the DAU can affect the existence of BPKH and open up conflicts and problems in the future.

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A Comparative Study of Hajj Fund Management Institutions in Malaysia, Indonesia and Maldives

Cited by 14 publications

References 3 publications

Islamic Financial Wealth Management: Empowering Women in Islamic Societies

Islamic Financial Wealth Management: Empowering Women in Islamic Societies

COVID-19: it’s impact in Hajj and Umrah and a future direction

Problematika Regulasi Pengelolaan Dana Abadi Umat: Disharmonisasi Kelembagaan dan Legal Standing

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