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

Putrajaya, Aug 24 — The government has acknowledged the Royal Commission of Inquiry (RCI) findings on the management of Tabung Haji from 2014 to 2020 as part of its effort to enhance governance, improve accountability, and rebuild public confidence in national institutions. Economy Minister Akmal Nasrullah Mohd Nasir affirmed the government's respect for the investigation process and emphasized that any subsequent actions must comply with the law and be carried out by the relevant authorities.

From an economic standpoint, Nasir highlighted the significance of Tabung Haji's governance due to its massive investments and pivotal role. "Given its RM96 billion investments, the management of Tabung Haji has broader implications for institutional confidence and domestic market stability. The primary focus now is to ensure that investment management, financial discipline, and risk oversight persist in strengthening, thereby safeguarding depositors' interests in a sustainable manner," Nasir stated in a recent declaration.

As of early August, the inquiry's recommendations had seen the completion of more than 75% of the suggested measures, with the remainder ongoing.