How Indonesia’s hajj pilgrim fund will shift 6% of its assets
Indonesia's two year-old hajj savings fund wants to invest 70% of its assets outside of bank deposits by 2021; it's at 64% today. Its CIO tells AsianInvestor how it plans to do it.
Indonesia’s hajj pilgrims fund has $583 million to invest, and not a lot of time to do it. By December, the fund needs to put 6% of its assets into sukuk, real assets, fund investments or gold.
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