Abstract
This paper examines the management of Hajj in Pakistan in the light of experience of Tabung Haji of Malaysia. Tabung Haji as an Islamic Financial Institution comes up with products that satisfy two fundamental human needs: Religious as well as financial. The flourishing undergo of TH urged to bring a work to examine the factors responsible for its success and to delineate lessons of experience for Pakistan. The purpose of this study is to analyze the significance of economics of Hajj management and to suggest an institutional arrangement in Pakistan. This study carries out a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis to examine the internal and external factors accountable for Tabung Haji’s success. A comprehensive analysis will be done about the Hajj Cost in Pakistan. Households in Pakistan are facing great difficulty to save for the purpose of Hajj. Institutional arrangements similar to Tabung Haji can play an effective role to increase savings for the purpose of Hajj. This study proposes a model for Hajj arrangements in Pakistan. Socio-economic institutions will always be welcomed by the Muslims as they will mobilize their savings to riba free investments and provide them facilities during Pilgrimage.
Details
| Other ID | JA22HP54YK |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | July 1, 2016 |
| Published in Issue | Year 2016 Volume: 2 Issue: 2 |
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