Tabung Haji posts record RM4.64b profit on stronger investment performance
TABUNG Haji reported a record RM4.64 billion profit, its highest in the institution’s history, driven by stronger returns from new and existing investments and improved governance in investment decisions. Minister in the Prime Minister’s Department ...
Tabung Haji has recorded a record-breaking profit of RM4.64 billion, marking its highest profit in history, according to its latest financial report. The institution's success is attributed to robust investment returns, coupled with enhanced governance and rigorous investment decision-making processes. In a recent statement, Minister in the Prime Minister's Department (Religious Affairs) Dr Zulkifli Hasan revealed that every investment decision undergoes multiple scrutiny levels, including the Investment Executive Council, Risk and Shariah Department, Portfolio Review Committee, Investment Panel, and the Board of Directors.
This comprehensive review process is crucial in ensuring that investments are thoroughly assessed before any decisions are made. Additionally, Tabung Haji has continued to provide targeted Hajj Financial Assistance (HAFIS) to assist pilgrims facing rising costs. The institution has managed to contain the cost increase for four consecutive years, a remarkable feat, according to Zulkifli.
Furthermore, Tabung Haji has maintained its excellence in hajj services, earning the World's Best Hajj Management Award for five consecutive years.
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