Business

Tabung Haji to begin talks with MoF on return of assets

Effort to be reviewed in detail, says fund

Updated 2 years 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

Related News

Opinion / 2w

Why Bersama is not Malaysia’s best hope

Opinion / 4mth

A civilizational moment for Malaysia: From Al-Attas to Osman Bakar

Opinion / 5mth

Government Procurement Bill 2025: Evidence of government’s firm stance against corruption

Malaysia / 8mth

 PM’s claim of compliance on Sabah’s 40% share conflicts with court ruling, says Roger Chin

Malaysia / 9mth

Nation on right track towards economic objectives, say economists

Events / 9mth

Global leaders, thinkers, and advocates from across the Global South in KL for three-day conference

Spotlight

Malaysia

PRN Negeri Sembilan: The battlegrounds, big names and three-cornered fights to watch

By Alfian Z.M. Tahir

People

Woman ends up with RM500 over food bill after date with ‘doctor’

Malaysia

Love scam: Twelve China nationals arrested in Ipoh over suspected online call centres

Malaysia

ASLI to field female candidate in Jeram Padang DUN

Community

‘Furry officer’ laid to rest as Kuching traffic police mourn beloved stray cat (video)

By Alfian Z.M. Tahir

Malaysia

Father mauled by crocodile as son watches in horror in Sabah river (UPDATED)

Malaysia

Johor shuts down Forest City Network School premises

Malaysia

Singapore: Chief Justice Sundaresh Menon to retire in Feb 2027, succeeded by Justice Sushil Nair

You may be interested

Business

Gulf tensions send oil above US$88 as Iran-US conflict threatens global energy flows

Business

Nation defies global headwinds as economy expands 5.8% in Q2, 2026