Business

Tabung Haji pledges full cooperation with royal commission of inquiry

Members’ findings will improve Islamic financial body’s governance moving forward, says CEO Datuk Seri Amrin Awaluddin

Updated 4 years ago · Published on 20 Jan 2022 7:34PM

Tabung Haji pledges full cooperation with royal commission of inquiry
Yesterday, Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah had given consent to establish a royal commission of inquiry to look into Tabung Haji’s management and operational issues from 2014 to 2020. – Bernama pic, January 20, 2022

KUALA LUMPUR – Lembaga Tabung Haji promises to cooperate with the royal commission of inquiry (RCI) after six members were appointed yesterday.

Group managing director and CEO Datuk Seri Amrin Awaluddin said in a statement that TH will be giving its full cooperation to ensure a smooth running of the RCI process. 

“TH is confident that the findings and views from RCI members will help improve its governance and management in the future”.

Yesterday, six RCI members were appointed to look into the controversy surrounding Tabung Haji’s management and operational issues from 2014 to 2020.

Fund chairman Tan Sri Azman Mokhtar said the RCI will reinforce TH’s standing as a national and international Islamic financial institute that has served with an excellent track record since 1963. 

“Alhamdulillah, with the efforts of all parties, TH has continued to achieve some progress in recent times and is now on a good and strong financial and operational track. 

“The total deposit savings guaranteed by the government has reached RM83.3 billion as at December 31. 

“This amount is the highest in the history of TH, despite the challenging economic and market conditions due to the Covid-19 outbreak over the past two years.”

Yesterday, Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah had given consent to establish a RCI to look into TH’s management and operational issues from 2014 to 2020.

The government then appointed six members to the committee, which will be led by former chief justice Tun Mohamed Raus Sharif. – The Vibes, January 20, 2022

Related News

Malaysia / 2y

Slander on sale of TH assets to non-Muslims now over: Mujahid

Malaysia / 3y

Emraz Travel & Tours’ licence suspended over harmful business practices: Tiong

Malaysia / 3y

Only 29 M’sian haj pilgrims at TH treatment centres: delegation head

Business / 3y

Syed Hamadah is new TH group managing director, CEO

Malaysia / 3y

Ahead of Labour Day, unions urge RCI into migrant worker recruitment

Business / 3y

Border reopening among factors behind TH profit bump: academic

Spotlight

Malaysia

Tuanku Muhriz urges Malaysians to uphold Rukun Negara, strengthen unity

Malaysia

PM to bring Felda forensic audit proposal to Cabinet

Malaysia

Malaysia tightens Thailand border security after wave of southern attacks

Malaysia

Mohd Amar’s three-year remark puts PAS’ Kelantan record under spotlight

Malaysia

KPF’s Al-Rawda exposure raises fresh questions over RM119.38 million

By Alfian Z.M. Tahir

Trump’s North Korea gamble deepens Asia’s doubts over US alliances

Malaysia

Rayer denies involvement in 'Maha Kali Red Rally', claims name and photo misused

Business

Nation’s economic outlook strengthens as leading index signals continued growth

You may be interested

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Business

Oil prices pull back after rally as markets brace for tougher Iran sanctions

Business

Oil prices hold near US$85 as US-Iran tensions keep hormuz risks in focus

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Business

Matrix Concepts records RM416.7m in 1Q27 sales as geographic diversification gains traction