Economy minister: Tabung Haji’s RM96b investments make governance crucial to market confidence

PUTRAJAYA, Aug 24 — Economy Minister Akmal Nasrullah Mohd Nasir has emphasized the importance of governance in restoring market confidence, particularly in light of the Royal Commission of Inquiry (RCI) findings on Tabung Haji’s management from 2014 to 2020. The government is committed to strengthening accountability and restoring public trust in national institutions.

While respecting the ongoing investigation, Nasir highlighted the significance of Tabung Haji’s governance due to its massive investments amounting to over RM96 billion. "With investments exceeding RM96 billion, Tabung Haji’s governance has wider implications for confidence in institutions and the domestic market," stated Nasir in a recent statement.

He underscored that the priority is to ensure investment management, financial discipline, and risk oversight are robust to safeguard depositors' interests. As of early August, the RCI had completed more than 75 per cent of its recommendations, with the remaining actions still underway.