‘I will continue saving’: Tabung Haji depositors stand by institution despite RCI spotlight

KUALA LUMPUR, Aug 14 — The Royal Commission of Inquiry (RCI) report has once again brought the Lembaga Tabung Haji (TH) under scrutiny due to concerns over its management and operations. However, the trust depositors have in TH as a 'trustee' for their dream of performing haj remains steadfast. For the majority of Malaysian Muslims, TH is far more than a typical financial institution; it is entrusted with helping depositors fulfill a significant religious and spiritual obligation.

This was confirmed by tailor Atiqah Shah Hadi, 40, who will continue saving with TH to ensure she has sufficient funds for her haj pilgrimage, expected in 2033.

Muhammad Haikal Abdul Halim, a civil servant at 35, acknowledges the institution’s issues but has no intention of withdrawing his savings. He intends to set up monthly savings deductions and open TH accounts for his three children. Dr Saizal Pinjaman, director of the UMS Centre for Economic Development and Policy, stresses that TH must maintain transparency in auditing accounts, manage losses, and retain reserves to withstand market changes.

Dr Noor Nirwandy Mat Noordin of UiTM Shah Alam believes that whilst TH faced challenges post-crisis, it has emerged stronger and is now recognized as one of the best haj management organizations globally.