Dapatan RCI Tabung Haji cetus rasa déjà vu, kata Nurhisham

Nurhisham Hussein, a senior advisor in the Prime Minister's Office, expressed concerns over the recent report by the Royal Malaysian Audit Commission (RCI) regarding the Tabung Haji (TH) funds. In a dialogue with the Islamic Gatherings Movement, Nurhisham likened the issues faced by TH to those previously encountered by FGV Holdings, a subsidiary of Felda Group.

He acknowledged feeling a sense of déjà vu while reading the RCI report, as it closely resembled the troubles FGV faced. The problems highlighted in the report include excessive endowment commitments, questionable accounting practices, inadequate oversight, overly ambitious investment strategies, and a rising subsidy burden, all of which have strained TH's finances from 2014 to 2020.

Like FGV Holdings, whose mismanagement led to a RM1 billion annual bailout from the federal government, TH's financial predicament seems to follow a similar pattern, according to Nurhisham. Unlike other countries in crisis, Malaysia has never defaulted on its financial obligations, always paying off its debts. Furthermore, Nurhisham clarified that a recently issued sukuk (Islamic bond) by Urusharta Jamaah Sdn Bhd, which pays no annual interest, will be replaced by a new one offering a yearly return upon maturity.