{
  "id": 19582424,
  "title": "Tabung Haji investment losses estimated at RM2.8b with total exposure reaching RM13b",
  "url": "https://urgent.news/2026/11/12/tabung-haji-investment-losses-estimated-at-rm2-8b-with-total-exposure",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T01:11:00.000Z",
  "source": {
    "name": "The Vibes",
    "slug": "the-vibes",
    "url": "https://www.thevibes.com/articles/news/129435/tabung-haji-investment-losses-estimated-at-rm2.8b-with-total-exposure-reaching-rm13b"
  },
  "original_language": "en",
  "account": "The Tabung Haji (TH) investment losses amounting to RM2.8 billion have been identified, with an additional RM10.2 billion incurred due to the transfer of assets to Urusharta Jamaah Sdn Bhd (UJSB) at an uncompetitive premium. The total financial impact, according to the Finance Ministry (MOF), stands at RM13 billion. This figure is divided into two components: RM10.2 billion from the premium arising from TH's 2018 asset transfer to UJSB, where the assets' market value (RM9.7 billion) was significantly lower than their transferred value (RM19.9 billion), and RM2.8 billion from net investment losses recorded between 2018 and 2025. The RCI report identified 14 TH investments as problematic, with seven experiencing total losses amounting to RM2.58 billion. These seven investments include Putrajaya Perdana Bhd, Al-Rawda Real Estates, Trurich Resources Sdn Bhd, Emrail Sdn Bhd, Wellspring Worldwide Ltd, Abraj Sdn Bhd, and Al-Fareeda Residential Fund. An additional TH Marine Holding (L) Inc investment recorded a loss of RM198.10 million following partial impairment. The ministry has initiated various recovery measures to protect depositors' interests and recover funds, with some investments successfully recovered while others are still undergoing recovery efforts. The ministry also noted that several investments faced governance weaknesses, leading to flawed transactions and a focus on depositors' interests. The government remains committed to strengthening TH's governance, risk management, and investment oversight to safeguard depositors' interests, including amendments to the Tabung Haji Act 1955 to enhance transparent and orderly investment governance.",
  "summary": "LEMBAGA Tabung Haji's (TH) losses from investments retained under its management are estimated at RM2.8 billion, while a further RM10.2 billion stems from the transfer of assets to Urusharta Jamaah Sdn Bhd (UJSB) at an uncompetitive premium, brin...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}