INDONESIANTALK.COM – Amid a turbulent global economic landscape marked by geopolitical uncertainties, market volatility, and shifting monetary policies, the Indonesian Financial Services Practitioners Association (PPJKI) in collaboration with the Hajj Financial Management Agency (BPKH) hosted the 2025 National Investment and Financial Seminar.
Held at the Ballroom of The Ritz Carlton, Mega Kuningan, Jakarta, the seminar carried the central theme: “The Role and Strategy of Sovereign Wealth Funds (SWF) in Indonesia Amid Global Economic and Investment Turmoil.”
Organized in a hybrid format, the event served as a vital forum for exchanging ideas among professionals, regulators, and academics to strengthen Indonesia’s investment ecosystem, making it more inclusive and globally competitive.
The event opened with a networking session followed by the Indonesian national anthem. The first remarks were delivered by PPJKI Secretary General, Haryajid, S.E., M.M., reaffirming the organization’s commitment to fostering professionalism and integrity in the financial services sector.
This was followed by a keynote address from Dr. Tito Sulistio, S.E., MAF, Member of the Supervisory Board of the Financial Services Authority (OJK), who emphasized the need for synergy between state institutions and capital market players in addressing future investment challenges.
The main keynote was delivered by Heru Muara Sidik, Ak., CMA, CA, M.M., QIA, Member of the Supervisory Board of BPKH, who highlighted the importance of managing public funds—especially hajj funds—in a way that is transparent, accountable, and strategically driven to ensure sustainability and economic value.
A panel discussion moderated by Yudi Priyambodo, S.E., M.M., brought together two prominent speakers:
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Dr. H. Indra Gunawan, S.E., S.I.P., M.Sc., Member of the Executive Board of BPKH, presented the concept of transforming BPKH into a Sovereign Halal Fund—a Sharia-based SWF model that could mobilize Muslim community funds for national development.
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Prof. Ir. Roy H.M. Sembel, M.B.A., Ph.D., CSA, CIB, a renowned finance and investment expert, stressed the need to empower local retail and institutional investors as a pillar of resilience in the domestic capital market.
The discussion ran for nearly two hours, concluding with an interactive Q&A session between the audience and the panelists.
From Hajj Fund to Sovereign Halal Fund: BPKH as a Model for Faith-Based Financial Management
In his presentation, Dr. Indra Gunawan shared BPKH’s exceptional 2024 performance, which recorded a net return of nearly 7%, amounting to IDR 11.6 trillion. The agency managed IDR 171 trillion in funds, all governed under strict Sharia principles.
BPKH has received Unqualified Opinions (WTP) from Indonesia’s Supreme Audit Board (BPK RI) for six consecutive years (2018–2023). Its consistent excellence has positioned the institution as a reference model for broader Faith-Based Fund Management Entities (LPDU).
The broader plan includes consolidating community-based funds from organizations such as BWI, Baznas, BPJPH, and LAZ under the Sovereign Halal Fund initiative—part of Indonesia’s vision to lead the global halal economic ecosystem.
BPKH’s operations follow international governance standards including ISO 9001, ISO 37001, ISO 31000, ISO 37000, ISO 19600, and ISO 27001. Many of its professionals hold globally recognized certifications, bolstering public trust in its management.
The agency has also garnered several accolades including the Fourstar Digital Transformation Award, ESG Green Initiative Investment Award, and 7 Most Popular Brand of The Year 2024.
Thanks to its structured Sharia approach, government-backed deposit insurance (LPS), and tax incentives, the value generated for hajj pilgrims continues to grow. The virtual account benefit has reached IDR 18.3 trillion, while total benefits used to subsidize hajj costs have reached IDR 41.6 trillion.
The event concluded with a token of appreciation given to the speakers. In his closing remarks, Ari Supangat, S.E., M.M., CRA, CSA, CIB, CTA, Chair of the Organizing Committee, emphasized the critical role of inter-institutional synergy in navigating the complexities of global finance.
