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MNRB is divesting its complete ownership interests in Takaful Ikhlas Family Bhd and Takaful Ikhlas General Bhd to Bank Rakyat for RM1.64 billion, marking a strategic shift toward its core reinsurance operations.
Prime Minister Anwar Ibrahim has attributed Tabung Haji's near-collapse to greed, inadequate governance structures, and severe financial mismanagement, signalling the government's determination to prevent future institutional failures.
Tabung Haji says its recovery plan has successfully addressed RM12.6 billion in accumulated investment losses, with RM10 billion resolved through asset sales to a government entity and the remainder progressively written down through 2025.
Malaysia is consulting stakeholders on proposed amendments to the Tabung Haji Act 1995, following recommendations from a Royal Commission of Inquiry aimed at strengthening governance of the Islamic pilgrimage fund board.
A Royal Commission inquiry into Tabung Haji's RM10 billion loss between 2014 and 2020 exposes governance weaknesses that could have subsidised haj pilgrimage for over 900,000 lower-income Malaysians annually for two decades, raising urgent questions about institutional oversight.
Pengurusan Aset Air Bhd has successfully raised RM720 million through a blue sukuk issuance, leveraging its RM2 billion Islamic Commercial Papers Programme to finance sustainable water infrastructure projects.
The Malaysian Anti-Corruption Commission has formally launched its investigation into Tabung Haji following the Royal Commission of Inquiry's report, with investigators visiting the pilgrimage fund's headquarters in Putrajaya.
The Muslim Youth Movement of Malaysia has called for comprehensive reforms at Tabung Haji, emphasising the need for stronger governance, accountability and merit-based leadership following the release of a damaging Royal Commission report.
Prime Minister Anwar Ibrahim has declared that Lembaga Tabung Haji has been restored to solid financial standing following the early identification of governance failures that occurred during 2014-2020.
The government released the Tabung Haji RCI report following unanimous Cabinet approval, not as an election strategy ahead of Negeri Sembilan polls, Communications Minister Fahmi Fadzil said today.
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The Malaysian Anti-Corruption Commission has established a dedicated task force to review findings from the Tabung Haji Royal Commission of Inquiry, focusing on potential corruption, abuse of authority, and financial crimes.
Minister Dr Zulkifli Hasan announced the government will expedite implementation of the final quarter of Royal Commission of Inquiry recommendations for Tabung Haji, as the pilgrimage fund achieves global recognition for haj management.
More than 400 Islamic finance professionals gathered in Terengganu for Malaysia's National Baitulmal Convention 2026, focusing on how digital technology and innovative financial instruments can strengthen Baitulmal institutions' role in driving economic growth across Muslim communities.
A Royal Commission of Inquiry report has found that Tabung Haji should have declared a net loss of RM1.4 billion in 2017 rather than the RM3.4 billion profit it reported, revealing systemic accounting failures that masked the pilgrimage fund's deteriorating financial position.
Malaysia's Department of Islamic Development has published a comprehensive 211-page Royal Commission of Inquiry report examining Tabung Haji's management from 2014 to 2020, including findings and recommendations for improvement.
A Royal Commission of Inquiry report released in Kuala Lumpur has exposed significant governance weaknesses and political interference in Tabung Haji's operations between 2014 and 2020, including decisions on profit distribution and hajj charges.
Malaysia's Royal Commission of Inquiry into Tabung Haji has called on authorities to urgently pursue multiple police reports and complaints covering the pilgrim fund's operations between 2014 and 2020, citing serious governance concerns.
Air Selangor has successfully issued the world's inaugural blue sukuk valued at RM200 million, establishing a pioneering framework for sustainable water infrastructure financing across Malaysia and Southeast Asia.
Malaysia's Royal Commission of Inquiry into Tabung Haji has flagged 14 investments for forensic audit, citing substantial asset impairments. The commission also urged urgent government action to redeem over RM19 billion in sukuk issued to a special vehicle holding transferred assets.
Tabung Haji is systematically executing reforms recommended by a royal commission of inquiry, with the institution having completed three-quarters of suggested changes while maintaining strong financial performance and Syariah compliance.
Malaysia's Cabinet has approved the public release of a Royal Commission of Inquiry report into Tabung Haji's financial troubles, concluding years of investigation into the pilgrims' fund board's crisis between 2014 and 2020.
Malaysia's religious affairs minister has urged Baitulmal institutions to reinvent themselves as engines of wealth creation rather than mere aid dispensers, leveraging Islamic finance, fintech, and digital platforms to lift Muslim communities out of poverty sustainably.
Sultan Nazrin Shah has called for an international framework of common waqf governance principles, digital transparency measures, and a regional pilot initiative to revitalise underutilised Islamic endowments across ASEAN.
Prime Minister Datuk Seri Anwar Ibrahim has signalled that the long-awaited final report from the Royal Commission of Inquiry into Tabung Haji may be released imminently, contingent upon whether Cabinet approval is necessary.
Prime Minister Anwar Ibrahim has indicated the government may release findings from the Royal Commission Inquiry into Tabung Haji's troubled operations. The investigation examines systemic failures that led to significant losses affecting millions of pilgrims.
Sultan Nazrin Shah has underscored that nations cannot succeed on resources alone, stressing the critical importance of robust institutions, transparent governance, and accountable leadership that prioritises the public good over political self-interest.
Malaysia's state investment manager PNB has launched an innovative framework combining Maqasid al-Syariah with ESG principles, reshaping how Islamic investments are evaluated beyond traditional compliance measures.
North Port Engineering has raised RM54 million through a sustainability-linked sukuk to finance the construction of NPE2, a 6.4-kilometre elevated highway in Kuala Lumpur. The issuance marks the world's first sustainability-linked sukuk dedicated to a highway project.
Malaysia has earned international recognition as a leading nation in Islamic affairs management through its halal certification system, Islamic finance sector, and comprehensive religious education programmes, according to Religious Affairs Minister Dr Zulkifli Hasan.
Tabung Haji and Bank Islam have jointly launched the DAYA INSANI programme with RM1 million in funding to provide skills training and job placement support for more than 100 asnaf youth and orphans across Malaysia.
Malaysia is actively pursuing Russian investment in its Islamic finance sector, planning regional visits and exporting shariah expertise. The initiative aims to strengthen the country's position as a global Islamic finance hub.
Bank Rakyat has tapped the sukuk market, issuing RM300 million in Islamic bonds to strengthen its capital position and finance expansion plans across Malaysia.
A group of 111 investors has initiated legal proceedings against QEW Group Bhd and its directors, alleging losses of RM20.45 million from a Shariah-compliant investment scheme. The case highlights growing concerns among retail investors in Islamic finance products.
A collaborative initiative between CIMB Islamic Bank and Penang's Islamic Religious Council has awarded motorcycles and business training to 20 selected entrepreneurs from the asnaf community, part of broader efforts to create sustainable income generation.