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 / 3y

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

Five fatal helicopter crash victims honoured in Sarawak state awards

Malaysia

No Malaysian is left behind; Budget 2027 puts people first - Anwar  

Malaysia

Panama hit by 6.4-magnitude earthquake

Malaysia

Haze blankets 33 areas with unhealthy air

Malaysia

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Malaysia

Budget 2027: What is in it for me?

Malaysia

Budget 2027 steps up Sabah, Sarawak funding by RM2.2b amid push for development parity

Malaysia

Budget 2027: Maternity leave entitlement increased, minimum pension raised to RM1,350

You may be interested

Business

Budget 2027 targets foreign e-commerce platforms, channels billions into local firms and startups

Business

Malaysia draws US$9.5b in orders for US$1.5b sukuk, cuts borrowing costs

Business

Budget 2027 channels RM270m to SMEs through crowdfunding, P2P financing

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge