Clear, modern coverage of Malaysian news and analysis.
MNRB Holdings has agreed to sell its complete ownership interests in Takaful Ikhlas Family and Takaful Ikhlas General to Bank Rakyat for RM1.64 billion in an all-cash transaction, subject to regulatory approvals.
The Malaysian Anti-Corruption Commission has deployed eight officers to Tabung Haji's Kuala Lumpur headquarters to conduct a thorough review of the Islamic pilgrimage fund's financial records and documentation.
The Lembaga Tabung Haji's RM10 billion loss from 2014 to 2020 represents a staggering misallocation of funds that could have enabled more than 900,000 B40 group Muslims to perform the haj over 25 years, underscoring deep institutional governance failures.
Water asset manager PAAB has tapped the Islamic capital markets with a RM720 million blue sukuk issuance, channelling funds towards environmentally sustainable water and sanitation projects across Malaysia.
The Malaysian Anti-Corruption Commission has initiated a formal investigation into Tabung Haji's governance and management following a Royal Commission of Inquiry. Specialist officers are examining institutional documents and decision-making processes.
The Malaysian Anti-Corruption Commission has initiated a formal investigation into Tabung Haji based on findings from a Royal Commission of Inquiry, deploying investigators to the institution's headquarters in Putrajaya.
Tabung Haji has successfully resolved RM12.6 billion in accumulated investment losses through a 2018 government-backed restructuring plan. The institution's profit distribution has climbed to 3.50% for 2025, up from just 1.25% in 2018.
Prime Minister Anwar Ibrahim defended the release of the Lembaga Tabung Haji RCI report as a matter of trust and protecting Muslim depositors' interests, not political scoring. Parliament will debate the findings on August 11.
Malaysia's anti-corruption watchdog has set up a dedicated task force to scrutinise the Royal Commission of Inquiry report into Tabung Haji management following its disclosure to the public.
Prime Minister Anwar Ibrahim has declared that Lembaga Tabung Haji has been successfully restored to financial stability following the discovery and correction of mismanagement issues from previous years.
Malaysia's government will fast-track implementation of the remaining quarter of Royal Commission recommendations for Tabung Haji, with 75 per cent already completed. The hajj management body recently won international recognition.
A Royal Commission of Inquiry into Tabung Haji revealed the government's RM88 billion guarantee to depositors would activate only if the pilgrimage board fails to implement its 2018 recovery and restructuring plan, potentially jeopardizing national fiscal stability.
A Royal Commission of Inquiry has concluded that Tabung Haji's declaration of RM2.75 billion in hibah for 2017 was unjustified and contributed to the Islamic pilgrimage fund's financial difficulties through unsustainable payment practices.
Malaysia's Royal Commission of Inquiry into Tabung Haji has recommended forensic audits of 14 investments that caused substantial asset impairments. The commission also warned of systemic risks from UJSB sukuk obligations to the broader financial ecosystem.
Air Selangor has successfully issued the world's first blue sukuk, valued at RM200 million with a 15-year tenure. The historic issuance represents Malaysia's inaugural blue bond, reflecting growing momentum in sustainable financing for water infrastructure.
Malaysia's Cabinet has approved extending the Tabung Haji RCI report review to encompass 2014-2022 and the new management transition, allowing assessment of recovery efforts. The report will be declassified and debated in Parliament.
Tabung Haji is methodically implementing recommendations from a Royal Commission inquiry into its management between 2014 and 2020, with the declassified report revealing 25 proposals of which three-quarters have already been actioned.
Malaysia's Cabinet has approved the declassification and public release of a Royal Commission of Inquiry report examining Tabung Haji's financial crisis between 2014 and 2020, paving the way for enforcement investigations.
Prime Minister Anwar Ibrahim has confirmed the long-awaited Royal Commission of Inquiry report into Tabung Haji's management will be released publicly today, marking a significant step in the government's transparency agenda.
Malaysia is rolling out 19 major waqf projects valued at RM321 million as part of a comprehensive national development strategy. The National Waqf Master Plan 2025–2030 is set for Cabinet approval this year.
Malaysia's sixth National Baitulmal Convention brings together 400+ officials and experts to reimagine Islamic social finance through technology and progressive management approaches.
Malaysia's religious affairs minister has urged Baitulmal institutions to transform from traditional aid distributors into engines of sustainable wealth creation, integrating Islamic finance instruments and digital technology.
Bank Negara Malaysia should move away from prescriptive rules towards collaborative regulation with financial institutions, using regulatory sandboxes to support emerging industries, says former deputy governor Datuk Ooi Sang Kuang at the Sasana Symposium 2026.
Sultan Nazrin Shah has advocated for a unified set of international governance principles for waqf institutions, proposing digital platforms and a regional climate initiative to unlock dormant Islamic endowment assets across ASEAN.
Prime Minister Anwar Ibrahim has disclosed that the government deliberately delayed releasing the Royal Commission of Inquiry report on Tabung Haji to avert a potential crisis of confidence that could have destabilized the pilgrimage fund.
Prime Minister Anwar Ibrahim signals the government may release the RCI report on Tabung Haji's mismanagement. The inquiry examines years of financial decline affecting millions of Malaysian pilgrims and their savings.
Prime Minister Anwar Ibrahim has signalled the government will release the Royal Commission of Inquiry report on Tabung Haji within days, balancing the need for Cabinet approval with public transparency.
Sultan Nazrin Shah has stressed that nations require robust institutions and accountable leadership to prosper, warning that abundant resources alone cannot compensate for weak governance, corruption, or political instability.
Permodalan Nasional Bhd has unveiled its Maqasid al-Syariah in Responsible Investment model, combining Islamic financing principles with environmental and social governance standards to deepen syariah compliance across Malaysian investments.
The Selangor Zakat Board has unveiled IKTIRAF, Malaysia's inaugural certification scheme recognising companies that consistently pay business zakat. The initiative aims to encourage corporate adoption of Islamic financial principles through public recognition and verification systems.
National Projects Enterprise has issued RM54 million in sustainability-linked sukuk to finance the NPE2 highway project, making it the world's first highway to secure such Islamic financing tied to occupational safety and environmental performance targets.
Malaysia's Malaysian Waqf Foundation has signed a strategic partnership with two Omani institutions to share expertise in waqf development and Islamic social finance, marking a significant shift in positioning Malaysian knowledge internationally.
Malaysia has earned international acclaim as a leading nation in managing Islamic affairs, with achievements spanning halal certification, Islamic finance, hajj administration, and Quranic education programmes.
Tabung Haji and Bank Islam have jointly launched the DAYA INSANI programme with RM1 million in funding to provide skills training, industry exposure and employment opportunities for underprivileged youth and orphans across Malaysia.
Saudi Arabia's Federation of Saudi Chambers has urged strengthened economic cooperation with Muslim-majority countries including Malaysia and Indonesia, emphasizing youth entrepreneurship and regional trade.
Pengurusan Aset Air Bhd unveiled Malaysia's inaugural Sustainable Islamic Finance Framework incorporating blue finance and Platinum-rated certification, paving the way for blue sukuk issuances to fund critical water infrastructure.