Tabung Haji backs law amendments to boost governance and preserve depositor trust

KUALA LUMPUR, Aug 18 — The Tabung Haji Board has expressed its support for the government's plan to amend the Tabung Haji Act 1995, as suggested by the Royal Commission of Inquiry (RCI), to enhance governance and maintain depositor confidence. TH, an Islamic financial institution responsible for managing the savings of Muslims for the purpose of performing the hajj, is committed to upholding governance, transparency, and integrity to protect the interests of depositors and ensure the institution's long-term sustainability.

In a recent Facebook post, TH emphasized that it will continue to support efforts to strengthen depositor trust and safeguard this confidence for future generations. Prime Minister Datuk Seri Anwar Ibrahim announced the government's commitment to implementing amendments to the TH Act 1995 (Act 535) during a Facebook post on Sunday.

Anwar, who serves as the Finance Minister, reiterated that these amendments are part of the Madani Government's efforts to improve governance and rectify any institutional weaknesses.