| LATEST NEWS | Government will implement all possible reforms, including strengthening TH Act and governance - Dr Zulkifli | TH had purchased land in TRX from 1MDB, raising concerns as TH’s chief executive officer at the time was a member of 1MDB's board of directors - Zulkifli | TH invested in Putrajaya Perdana -- TH’s chairman at the time was the chairman of Putrajaya Perdana and related companies in 1MDB transactions, with a loss of RM145.3 mln - Zulkifli | TH to improve haj management policy, introduce more clear, planned and systematic approach soon - Zulkifli | Payment of depositors’ zakat has been duly fulfilled in accordance with Islamic law - Dr Zulkifli | |
KUALA LUMPUR, Aug 11 (Bernama) -- The government rescued Lembaga Tabung Haji (TH) through a bailout exceeding RM10 billion due to mismanagement and embezzlement, to restore its financial position and not to take over the institution's assets, the Dewan Rakyat was informed today.
KUALA LUMPUR, Aug 11 (Bernama) -- The government risked assuming liabilities of about RM74.5 billion if a massive panic withdrawal, or “bank run”, had occurred in 2018, said Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.
KUALA LUMPUR, Aug 10 (Bernama) -- Tomorrow's parliamentary debate on the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) should focus on ensuring there is no political involvement or interference in the institution's administration, a business academic said.
KUALA LUMPUR, Aug 10 (Bernama) -- Lembaga Tabung Haji (TH) needs to bolster its institutional sustainability to ensure that it is not only able to survive in the long term, but also has a strong governance structure, risk management and investment strategy to protect the interests of depositors.
KUALA LUMPUR, Aug 7 (Bernama) -- The stronger financial performance of Lembaga Tabung Haji (TH) at present is the result of institutional reforms implemented since its restructuring, including the implementation of 75 per cent of the recommendations made by the Royal Commission of Inquiry (RCI), according to an economist.
KUALA LUMPUR, July 31 (Bernama) -- Lembaga Tabung Haji’s (TH) profit distribution is only announced based on audited financial results, thus strengthening the integrity of the financial reporting process and increasing depositors' confidence in the institution.
By Nor Baizura Basri
KUALA LUMPUR, July 31 (Bernama) -- The RM10 billion loss incurred by Lembaga Tabung Haji (TH) could have funded haj subsidies for a larger number of muassasah pilgrims -- particularly those from the B40 group -- to perform the pilgrimage over a period of more than 20 years.
KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said a special parliamentary sitting to debate the findings of the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) will be held on Aug 11.
KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Lembaga Tabung Haji (TH) had been successfully restored after problems arising from past negligence and mismanagement were detected early.
KUALA LUMPUR, July 30 (Bernama) -- The government’s guarantee to depositors of Lembaga Tabung Haji (TH), currently worth RM88 billion, will be activated should TH fail to implement the LTH Recovery and Restructuring Plan 2018, according to the Tabung Haji Royal Commission of Inquiry (RCI).
KUALA LUMPUR, July 30 (Bernama) -- The Royal Commission of Inquiry (RCI) on Lembaga Tabung Haji (TH) said the Islamic pilgrimage fund should not have declared a 4.50 per cent annual profit distribution (hibah) and a 1.75 per cent hajj hibah, totalling RM2.75 billion, for the 2017 financial year.
KUALA LUMPUR, July 29 (Bernama) -- The Royal Commission of Inquiry (RCI) on Tabung Haji has recommended recovering RM2.19 million in bonuses paid to board members and management of TH Properties, as the bonuses were awarded without complying with prescribed regulations.
