Business

Tabung Haji to begin talks with MoF on return of assets

Effort to be reviewed in detail, says fund

Updated 7 months ago · Published on 29 Sep 2023 5:18PM

Tabung Haji to begin talks with MoF on return of assets
Earlier, Datuk Seri Anwar Ibrahim said the government would start discussions to hand over part of Tabung Haji’s assets after examining the preliminary report. – Bernama pic, September 29, 2023

KUALA LUMPUR – Lembaga Tabung Haji (TH) will begin discussions with the Finance Ministry (MoF) regarding the return of its assets placed under Urusharta Jamaah Sdn Bhd previously.

In a statement, TH said it welcomes Prime Minister Datuk Seri Anwar Ibrahim’s announcement about the handover of TH’s assets that were transferred to the MoF in 2018.

“TH is always open to all investment opportunities that can add value to institutions and depositors in particular. 

“This effort will also be reviewed in detail and will go through the existing process and governance requirements. 

“TH will make subsequent announcements regarding this matter at the appropriate time,” said the pilgrims’ fund.

Urusharta Jamaah is a special-purpose vehicle wholly owned by MoF.

Earlier, Anwar, who is also the finance minister, said the government would start discussions to hand over part of TH’s assets after examining the preliminary report.

This is considering that TH is well managed again, with increased depositors’ confidence and  the new leadership team’s efficient management, he noted. – Bernama, September 29, 2023

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