OSUS and BPKH Partner to Scale Indonesian Hajj Fund Investments

Strategic Alliance in Makkah

OSUS recently signed a Memorandum of Understanding with the Badan Pengelola Keuangan Haji (BPKH), the Indonesian government agency tasked with managing Hajj pilgrim funds. The agreement, finalized at the Markaz Al-Balad Al-Ameen, aims to deepen financial cooperation between the two entities. The signing ceremony took place under the patronage of the Mayor of the Holy Makkah.

This partnership focuses on enhancing the investment of Hajj funds and improving services for Indonesian pilgrims. By aligning with local partners in Saudi Arabia, BPKH seeks to increase the efficiency of its capital allocation and service delivery for the millions of people traveling annually for pilgrimage.

Strengthening Financial Infrastructure

BPKH acts as the primary steward for Indonesian Hajj deposits. Its mandate involves ensuring the liquidity of these funds while generating returns to subsidize the rising costs of the pilgrimage. OSUS provides a gateway for this capital into the Saudi market, which is currently undergoing a massive expansion in hospitality and infrastructure to accommodate long-term growth in religious tourism.

Key Objectives of the MoU:

• Capital Deployment: Identifying investment opportunities within the Saudi market that align with BPKH’s risk profile.
• Operational Efficiency: Streamlining the financial logistics for Indonesian pilgrims through local expertise.
• Service Expansion: Developing new facilities and infrastructure to support the increasing volume of visitors.