PM: Tabung Haji not controlled by non-Muslims, records RM78b in assets

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PM: Tabung Haji not controlled by non-Muslims, records RM78b in assets
PM: Tabung Haji not controlled by non-Muslims, records RM78b in assets

PARLIAMENT | Tabung Haji recorded total assets of RM78 billion in the first half of the year in comparison to the fund's liabilities amounting to RM1.9 billion.

"The latest position of Lembaga Tabung Haji assets as of June 30 as announced in the Tabung Haji performance report is RM78 billion with surplus assets against its liabilities of RM1.9 billion,” said Prime Minister Muhyiddin Yassin.

"In line with the implementation of the Tabung Haji restructuring and recovering plan, non-performing assets were moved to a special purpose vehicle (SPV) company namely Urusharta Jamaah Sdn Bhd (UJSB).

"It is fully owned by the government under the Finance Ministry Incorporated," Muhyiddin told Mujahid Yusof Rawa (Pakatan Harapan-Parit Buntar) in a written parliamentary reply yesterday.

The Pagoh MP said, therefore, Tabung Haji was not being controlled by non-Muslims.

Mujahid, who's a former de facto religious affairs minister under the previous Harapan government, had asked if it was true that Harapan had sold many Tabung Haji assets and that it was controlled by non-Muslims.

Separately, Muhyiddin, in a written reply to Hasan Arifin (Perikatan Nasional-Rompin) who asked on the Tabung Haji revenue in 2019, said it had recorded a good performance last year.

"For the 2019 financial year which is still under audit, Tabung Haji had generated RM3.2 billion through fixed-income assets investment which produced RM1.6 billion or 51 percent of overall revenue.

"The property investment and equity contributed to RM0.5 billion, while the Islamic money market instruments generated RM0.4 billion in 2019," he said.

Gun trained at Guan Eng

Under the Harapan government, certain quarters had blamed DAP, notably former finance minister Lim Guan Eng (above), for purportedly interfering with Tabung Haji operations.

DAP was accused of harbouring an agenda to dilute the position of Islam and the Malays.

In February, before the Harapan government collapsed, Tabung Haji had announced the transfer of four of its hotels to Urusharta Jamaah.

They were among 29 assets owned by Tabung Haji which had incurred losses.

Subsequently, in June, Umno Youth had called on the PN government to set up a royal commission of inquiry (RCI) on the operations of Tabung Haji.