Tabung Haji’s RM27.5b UJSB sukuk safe, govt will honour guarantee, says Amir Hamzah
KUALA LUMPUR, Aug 12 — The government always ensures that its debts are repaid, said Finance Minister II Datuk Ser...
Finance Minister II, Datuk Seri Amir Hamzah Azizan, assured that the government will always fulfill its debts, including the RM27.5 billion UJSB sukuk issued by Urusharta Jamaah Sdn Bhd (UJSB). UJSB, established in 2018, manages assets transferred from Lembaga Tabung Haji (TH). The government has restructured TH’s zero-coupon bond sukuk into annual profit distribution sukuk, ensuring payment obligations are met.
The RM27.5 billion sukuk was initially issued at RM19.6 billion, with a value of RM27 billion at maturity, generating about RM8 billion in returns for TH. With returns of 4.05% for Sukuk 1 and 4.1% for Sukuk 2, TH benefits from higher hibah payments and better returns than those from government-issued securities. The restructuring improved TH's returns, converting zero-coupon bonds into sukuk with annual coupons, offering a 3.86% return.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
