Fast, factual wire coverage from across Malaysia and the region.
Umno supreme council member Datuk Seri Reezal Merican has pushed back against criticism levelled at Barisan Nasional and his party over Tabung Haji's persistent operational and financial difficulties.
MNRB is selling its entire stake in Takaful IKHLAS Family and Takaful IKHLAS General to Bank Rakyat for RM1.64 billion, marking a strategic shift toward core reinsurance operations.
Tabung Haji faced severe financial strain from widening asset-liability gaps, prompting a comprehensive recovery programme and a Royal Commission of Inquiry to examine institutional issues between 2014 and 2020.
Eight Malaysian Anti-Corruption Commission officers have arrived at Tabung Haji's Kuala Lumpur headquarters to conduct a comprehensive review of the Islamic pilgrim fund's records as part of an active investigation.
A Royal Commission inquiry has quantified Tabung Haji's RM10 billion loss, revealing it could have funded over 900,000 B40 pilgrims' haj journeys across 25 years. The report exposes governance failures that nearly collapsed Malaysia's most trusted Islamic institution.
Pengurusan Aset Air Bhd has issued RM720 million in blue sukuk through Pengurusan Air SPV Bhd, tapping into its RM2 billion Islamic Commercial Papers Programme to fund water infrastructure and environmental projects.
The Malaysian Anti-Corruption Commission has begun investigating the Royal Commission of Inquiry's findings on Tabung Haji, deploying eight officers to the pilgrim fund's headquarters following Prime Minister Anwar Ibrahim's directive.
Malaysia's Communications Minister Datuk Seri Fahmi Fadzil has dismissed suggestions that the release of the Tabung Haji Royal Commission of Inquiry report was election-driven, insisting the decision received unanimous Cabinet backing and follows proper governmental procedures.
Malaysia's anti-corruption watchdog has launched a dedicated task force to scrutinise the Royal Commission of Inquiry report on Tabung Haji, signalling heightened scrutiny of the pilgrimage fund's governance and financial management.
Prime Minister Anwar Ibrahim has declared that Lembaga Tabung Haji (TH) has been successfully restored following the early detection of problems stemming from previous negligence and mismanagement, signalling confidence in the institution's future.
Malaysia's government will speed up implementation of remaining Tabung Haji reforms recommended by a Royal Commission, with 75% of suggestions already adopted. The institution recently earned a Diamond Award for pilgrimage management.
Malaysia's government guarantee to Tabung Haji depositors, valued at RM88 billion, will only be drawn upon should the pilgrimage board's 2018 recovery plan fall short, according to the Royal Commission of Inquiry report.
Malaysia's Department of Islamic Development has published a comprehensive 211-page Royal Commission of Inquiry report examining Tabung Haji's management over six years, with findings and recommendations to strengthen the hajj savings fund's operations.
Malaysia's Royal Commission of Inquiry into Tabung Haji has pressed authorities to take decisive action on four police reports lodged between 2018 and 2019, concerning allegations of mismanagement and financial irregularities spanning 2014 to 2020.
Malaysia's Royal Commission of Inquiry into Tabung Haji has recommended forensic audits of 14 past investments blamed for substantial asset impairments. The findings highlight governance weaknesses and escalating financial risks from a problematic asset transfer scheme.
Air Selangor has successfully issued the world's first blue sukuk, raising RM200 million over 15 years to finance water infrastructure projects. The groundbreaking issuance underscores Malaysia's leadership in sustainable Islamic finance.
Tabung Haji has implemented three-quarters of Royal Commission of Inquiry recommendations following Cabinet declassification of the report, aimed at strengthening the institution and safeguarding millions of Malaysian pilgrims' savings.
Malaysia's Cabinet has agreed to publicly release a Royal Commission of Inquiry report investigating Tabung Haji's financial troubles between 2014 and 2020. The pilgrims' fund board, which faced a RM10.9 billion deficit gap, has stabilised after a RM19.6 billion bailout in 2018.
Malaysia's Department of Waqf, Zakat and Haj is hosting a major two-day convention in Kuala Nerus to reshape how Islamic charitable institutions operate, incorporating digital technology and innovative financial tools to better serve Muslim communities.
Religious Affairs Minister Dr Zulkifli Hasan has urged Baitulmal institutions to move beyond traditional aid distribution and evolve into wealth-generating platforms that create sustainable economic opportunities for Muslim communities.
Sultan Nazrin Shah has urged the establishment of internationally adopted waqf governance standards and digital platforms to improve transparency and unlock underutilised Islamic endowments worldwide.
Malaysian academics and officials are pressing the government to release the Tabung Haji Royal Commission of Inquiry report without further delay, citing the need to protect millions of Muslim depositors and restore confidence in the institution.
Prime Minister Anwar Ibrahim has signalled the government may release the Royal Commission of Inquiry report into Tabung Haji, Malaysia's Islamic pilgrimage fund. The inquiry examines systemic failures that depleted the institution's reserves and left millions of depositors exposed.
Sultan Nazrin Shah has highlighted that abundant resources and talent alone cannot ensure national success without strong institutions, transparent governance, and leaders committed to public service over self-interest.
Permodalan Nasional Bhd has unveiled an investment framework that fuses Islamic jurisprudential principles with environmental and social governance standards, marking a watershed moment for Malaysia's Islamic finance sector.
Selangor Zakat Board has launched IKTIRAF, Malaysia's inaugural certification programme recognising companies that consistently meet their business zakat commitments, featuring e-certificates and QR-code verification.
NPE has issued RM54 million in sustainability-linked sukuk for the NPE2 highway project, a landmark financing structure that ties performance metrics to worker safety and green infrastructure.
Malaysia's Malaysian Waqf Foundation has signed a landmark agreement with Omani institutions to advance waqf development and Islamic social finance, reflecting growing international recognition of Malaysian expertise in the sector.
Malaysia is internationally recognised as a leading nation in managing Islamic affairs, driven by strong halal systems, Islamic finance leadership, and comprehensive religious education frameworks, according to Religious Affairs Minister Dr Zulkifli Hasan.
Tabung Haji and Bank Islam have jointly launched the DAYA INSANI programme with RM1 million in initial funding to provide skills training and employment opportunities for over 100 asnaf youth and orphans across multiple sectors.
The Selangor Zakat Board has unveiled a RM26 million agro-economy project at Bukit Beruntung, offering 48 asnaf participants sustainable farming opportunities and potential monthly incomes of up to RM4,000 through structured training and agricultural support.
Pengurusan Aset Air Bhd unveils Malaysia's inaugural sustainable Islamic finance framework, featuring blue finance elements and receiving Platinum certification. The initiative will support water infrastructure investments through innovative sukuk issuances.
The High Court has dismissed a stay of execution application filed by Umno's Kangar division chief Datuk Dr Fathul Bari Mat Jahya and two co-defendants, ordering them to repay RM492,480 owed to a pilgrimage services company.