Who We Are
Bridging Values, National Priorities, and Global Capital
Nahdlatul Ulama–Harvest Maslaha (NHM) is a Sharia Investment Company established through a strategic collaboration between Pengurus Besar Nahdlatul Ulama (PBNU) and Harvest Advisors, designed to mobilize global capital, enhance investability, and support Indonesia’s long-term economic transformation through disciplined and accountable deployment.
PBNU contributes social legitimacy, institutional reach, and strategic coordination capacity—anchoring NHM in values-based
governance and national development alignment.
Harvest Advisors delivers institutional-grade investment discipline, global investor connectivity, and professional management across
private and public markets to strengthen NHM’s execution.
From Potential To An Investable Ecosystem
Indonesia’s Islamic finance and halal economy hold enormous, untapped potential. By aligning stakeholders, facilitating progressive policy frameworks and cross-sector cooperation, NHM aim to facilitate the investments with purpose required to cement Indonesia’s future as a global Sharia powerhouse.
NHM Governance
Nahdlatul Ulama – Harvest Maslaha (NHM) is the official Sharia investment and capital deployment platform of Nahdlatul Ulama, established in strategic partnership with Harvest Advisors. NHM operates under a robust governance framework that integrates international investment best practices with institutional Sharia oversight.
Board & Oversight Structure
NHM is governed through a dual-layer structure designed to ensure professionalism, accountability, and full Sharia compliance.
Board Governance
Strategic oversight is exercised through a joint governance framework representing Pengurus Besar Nahdlatul Ulama (PBNU) and Harvest Advisors. The Board provides direction on mandate alignment, fiduciary responsibility, and long-term institutional strategy.
Professional Investment Governance
Investment management and execution are carried out by Harvest Advisors Investment Management, a licensed investment manager regulated by the Monetary Authority of Singapore (MAS), ensuring adherence to global standards of investment governance and risk management.
Sharia Supervisory Governance
Sharia compliance is overseen by a PBNU–Harvest Sharia Supervisory Board, ensuring all investment structures and activities are aligned with PBNU’s Sharia principles. This includes Sharia screening, ongoing monitoring, and periodic compliance reviews.
This integrated governance model ensures that investment discipline, Sharia legitimacy, and institutional accountability operate in alignment.
Communications & Outreach
NHM maintains active communications and outreach channels to promote transparency, share institutional updates, and engage with global stakeholders across the Sharia investment ecosystem.