MNRB to sell Takaful Ikhlas units to Bank Rakyat for RM1.64 billion
MNRB has agreed to divest its entire interests in Takaful Ikhlas Family and General to Bank Rakyat for RM1.64 billion, marking a strategic shift toward core reinsurance operations.
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Religious Affairs Minister to Present Tabung Haji Inquiry Findings to Parliament Next Week
Malaysia's Religious Affairs Minister Dr Zulkifli Hasan will present the Royal Commission of Inquiry findings on Tabung Haji to Parliament next week, bringing the investigation into the embattled Islamic pilgrimage fund into public parliamentary debate.
Anwar questions Tabung Haji 13-month bonus, citing breach of fiduciary duty
Prime Minister Anwar Ibrahim has questioned the 13-month bonus payments made to Tabung Haji management, characterising the practice as a fundamental breach of fiduciary duty and institutional trust.
Tabung Haji Act Amendments Move Forward With Stakeholder Consultations
Malaysia's government is consulting stakeholders on proposed amendments to the Tabung Haji Act 1995, following recommendations from a Royal Commission of Inquiry into the pilgrimage fund's management and operations.
Corruption investigators descend on Tabung Haji headquarters for document review
Eight MACC officers have begun an investigation at Tabung Haji's Kuala Lumpur headquarters, conducting a comprehensive review of the pilgrimage fund's documentation.
TH's RM10 Billion Loss Could Have Subsidised Haj for 900,000 B40 Pilgrims Over Two Decades
A damning Royal Commission report shows Tabung Haji's RM10 billion loss between 2014 and 2020 could have funded haj subsidies for over 900,000 low-income Malaysians. The inquiry exposed governance failures that have shaken public confidence in the 63-year-old institution.
Water Asset Manager Taps Islamic Bond Market with RM720 Million Sukuk Issuance
Pengurusan Aset Air Bhd has issued RM720 million in blue sukuk through its special purpose vehicle, drawing on an existing RM2 billion Islamic Commercial Papers Programme to fund operations.
Anwar Confirms Tabung Haji RCI Report Disclosed in Complete Form
Prime Minister Anwar Ibrahim has confirmed that the Royal Commission of Inquiry report into Tabung Haji has been released without any redactions, marking a significant step towards transparency regarding the Malaysian pilgrim savings fund.
Muhyiddin Pushes for Extended Parliamentary Session on Tabung Haji Inquiry
Bersatu president Tan Sri Muhyiddin Yassin has urged parliament to extend its special sitting on the Tabung Haji Royal Commission of Inquiry report, requesting at least two additional days to permit broader parliamentary discussion.
Tabung Haji Resolves RM12.6 Billion in Losses as Recovery Plan Gains Traction
Tabung Haji has successfully addressed RM12.6 billion in accumulated investment losses through a government-backed restructuring initiative, with profit distributions steadily improving to 3.50 per cent in 2025 compared to just 1.25 per cent in 2018.
TH RCI Report Release About Protecting Depositors, Not Politics, Says Anwar
Prime Minister Anwar Ibrahim has dismissed suggestions that releasing the Tabung Haji RCI report represents political manoeuvring, framing it instead as a fiduciary duty to protect millions of Muslim depositors.
Anwar Ibrahim Declares Tabung Haji Recovery Complete After Early Detection of Management Failures
Prime Minister Anwar Ibrahim has declared that Lembaga Tabung Haji has been successfully restored following the detection and correction of management failures. The Cabinet approved the public release of the Royal Commission of Inquiry report.
Government To Accelerate Final Phase Of Tabung Haji Reform, Says Zulkifli
Malaysia's Religious Affairs Minister has committed to accelerating implementation of outstanding recommendations from the Tabung Haji Royal Commission inquiry, with 75% of proposals already adopted since the 2014-2020 review.
RM88 Billion Government Safety Net For Tabung Haji Only Kicks In If Recovery Fails
Malaysia's government guarantee worth RM88 billion for Tabung Haji depositors will be triggered only if the pilgrimage board's recovery plan collapses, a Royal Commission of Inquiry report warns, with implications for national fiscal stability.
Former PM Ismail Sabri calls for public disclosure of Tabung Haji RCI findings
Former prime minister Ismail Sabri has called on the government to publicly release findings from the Royal Commission of Inquiry into Tabung Haji, claiming Umno has nothing to conceal about the Islamic pilgrim fund's affairs.
Tabung Haji RCI Report Released After Years of Scrutiny
Malaysia's Department of Islamic Development released a comprehensive 211-page Royal Commission of Inquiry report examining Tabung Haji's operations between 2014 and 2020, featuring findings and recommendations for institutional reform.
RCI Calls for Swift Action on Tabung Haji Complaints
Malaysia's Royal Commission of Inquiry into Tabung Haji has pressed authorities to move decisively on multiple police reports filed between 2018 and 2019, alleging misconduct in the pilgrimage fund's operations and investments.
RCI Exposes Governance Failures and Political Meddling at Tabung Haji
A Royal Commission of Inquiry report released in Kuala Lumpur has identified serious governance weaknesses and political interference in Tabung Haji's operations between 2014 and 2020, with findings suggesting the pilgrim fund's institutional credibility was substantially damaged.
RCI Flags 14 Tabung Haji Investments for Forensic Audit, Urges Swift Action on UJSB Sukuk Crisis
Malaysia's Royal Commission of Inquiry into Tabung Haji has recommended forensic audits of 14 investments that caused significant losses, and warned that an RM10.2 billion asset transfer premium to UJSB poses systemic financial risks requiring urgent government intervention.
Air Selangor Launches World's First Blue Sukuk With RM200 Million Offering
Pengurusan Air Selangor has successfully issued the world's first blue sukuk valued at RM200 million, establishing a landmark for sustainable water financing in Malaysia's capital markets.
Anwar Clarifies Tabung Haji Probe: Looking Forward, Not Backwards
Prime Minister Anwar Ibrahim has moved to clarify the intent behind releasing the Royal Commission of Inquiry report on Tabung Haji, emphasising the investigation was forward-looking rather than revisionist.
Tabung Haji Pressing Ahead With RCI Reform Plan, Says Zulkifli
Tabung Haji is systematically implementing recommendations from a Royal Commission of Inquiry, with the Cabinet approving declassification of the RCI report covering 2014–2020 findings.
Special Parliamentary Session Needed to Debate Tabung Haji RCI Report, Says Fahmi
The Malaysian government will convene a special parliamentary session to allow MPs to scrutinise the Royal Commission of Inquiry report on Tabung Haji, which has been declassified from official secrets protection after Cabinet approval.
Malaysia's Islamic Institutions Chart Digital Future at Baitulmal Convention
Malaysia's Department of Waqf, Zakat and Haj hosted the sixth National Baitulmal Convention in Terengganu, bringing together 400+ professionals to discuss modernising Islamic social finance institutions through technology and innovative financial instruments.
Baitulmal Must Evolve Into Wealth Creation Engine, Says Zulkifli
Malaysia's religious affairs minister has urged Baitulmal institutions to reinvent themselves as wealth-generating entities rather than traditional aid distributors, emphasizing economic empowerment and digital innovation.
Sultan Nazrin Proposes Global Framework for Waqf Governance to Unlock Dormant Islamic Assets
Sultan Nazrin Shah has urged the establishment of common waqf governance principles adoptable worldwide, emphasizing digital transparency and regional collaboration to unlock underutilised Islamic endowment assets across Southeast Asia.
Tabung Haji RCI Report Could Be Released This Week, Says Anwar
Prime Minister Datuk Seri Anwar Ibrahim said the Royal Commission of Inquiry report into Tabung Haji could be released immediately if Cabinet clearance is not needed, or by Wednesday at the latest.
Cabinet to Review RCI Report on Tabung Haji Rescue Operation Before Public Release
Malaysia's cabinet will deliberate on releasing the Royal Commission of Inquiry report on Tabung Haji's restructuring. The minister clarified that asset transfers were a rescue operation, not improper sales, after the institution faced a RM10.9 billion deficit.
Strong Institutions and Accountable Leadership Essential for National Progress, Says Sultan Nazrin
At the World Conference on Islamic Thought, Sultan Nazrin Shah stressed that national success requires robust institutions, transparent governance, and leaders committed to public service over self-interest.
PNB's Islamic Investment Model Bridges Shariah Principles with ESG Framework
Malaysia's Permodalan Nasional Bhd has unveiled a new investment framework that combines traditional Islamic finance principles with modern environmental, social and governance standards, representing a significant shift in how Muslim-majority portfolios are evaluated.
Selangor Zakat Board Launches IKTIRAF Certification To Honour Business Zakat Contributors
The Selangor Zakat Board has introduced IKTIRAF, Malaysia's inaugural certification scheme honouring companies and organisations that consistently meet their business zakat responsibilities, aiming to recognise 1,000 payers within the first year.
NPE Issues RM54 Million Sustainability-Linked Sukuk for Highway Expansion—A First for Road Projects Globally
NPE has issued RM54 million in sustainability-linked sukuk to finance NPE2, a 6.4-kilometre elevated highway connecting Pantai Dalam Toll Plaza to central Kuala Lumpur. The issuance marks the first of its kind globally for a road infrastructure project.
Malaysia Expands Islamic Finance Leadership Through Oman Waqf Partnership
Malaysia has formalised a strategic partnership with Omani financial institutions to share expertise in waqf development, further cementing the country's position as a hub for Islamic social finance in the region.
Malaysia Recognised Among Global Leaders in Islamic Affairs Management
Malaysia continues to gain international recognition as a leading nation in Islamic affairs management, backed by its halal certification system, Islamic finance industry ranking, and comprehensive tahfiz education ecosystem.
Selangor Zakat Board Launches RM26 Million Agro-Economy Initiative to Create Sustainable Livelihoods for Asnaf
The Selangor Zakat Board has unveiled a RM26 million agro-economic initiative designed to provide sustainable income pathways for asnaf communities through structured agricultural training and support across 110 acres in Bukit Beruntung.
Malaysia Launches First Sustainable Islamic Finance Framework with Blue Finance Focus on Water Security
Pengurusan Aset Air Bhd has unveiled Malaysia's inaugural Sustainable Islamic Finance Framework, incorporating blue finance and securing Platinum certification. The framework will enable blue sukuk issuances targeting water infrastructure investment.