Tabung Haji Act amendments in final stages before parliamentary tabling, says TH CEO
BANGI, Sept 3 — The process of amending the Tabung Haji Act 1995 (Act 535) has now reached 90 per cent at the inte...
The Tabung Haji Act 1995 (Act 535) amendment process has reached 90% internally, with the Tabung Haji Board (TH) expecting it to be presented to the Cabinet after finalizing technical processes and engaging with relevant parties, according to TH CEO Mustakim Mohamad. This amendment is among the 25 recommendations from the TH Royal Commission of Inquiry (RCI), which have already been completed or are in progress.
TH chairman Tan Sri Rashid Hussain revealed that the amendment has been a year-long effort, involving discussions with regulatory bodies. The remaining six actions include revising Act 535, restricting Bank Negara Malaysia's oversight, and improving the disciplinary process. TH expects the amendment to go through several stages, including ministerial review, Cabinet approval, and the Attorney General's Department's assessment before being presented to Parliament.
The government, led by Prime Minister Anwar Ibrahim, announced the amendments to strengthen governance and ensure the trust of Muslims in Tabung Haji, which manages Muslim pilgrims' savings. TH expressed its commitment to enhancing governance, transparency, and integrity to protect depositors' interests and the institution's sustainability.
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