PERFORMANCE OF HAJJ FUND IN INDONESIA AND MALAYSIA

Abstract

Badan Pengelola Keuangan Haji (BPKH) and Tabung Haji (TH) are two kinds of financial hajj institutions in managing hajj finances. The purpose of this research is to see the performance of Badan Pengelola Keuangan Haji (BPKH) portfolio compared with Tabung Haji (TH) portfolio by using index series of Badan Pengelola Keuangan Haji (BPKH) Indonesia and Tabung Haji (TH) Malaysia obtained from Financial Report of BPKH and TH. In addition, this study also analyzed the growth of Badan Pengelola Keuangan Haji (BPKH) and Tabung Haji (TH) asset and its potential in the future. The analysis method used is descriptive analysis, Mann Whitney U-Test different test and Independent T-Test test with SPSS software-assisted. The results showed that there were significant differences both from the index return as well as the outstanding growth of the assets Badan Pengelola Keuangan Haji (BPKH) and Tabung Haji (TH). Descriptively, the return index value of Badan Pengelola Keuangan Haji (BPKH) is higher than Tabung Haji (TH). Based on the results of the powersim value model test, the prediction of the growth of the Badan Pengelola Keuangan Haji (BPKH) in 2027 reached Rp 243,580,739,407,051 and Tabung Haji (TH) in 2027 reached RM 166,831,195.