Tabing Haji to bring back RM1bil from overseas

KUALA LUMPUR: As part of efforts to boost the nation’s economy, Lembaga Tabung Haji (TH) expects to bring back to the country RM1bil from its foreign property investments besides allocating about RM3.5bil for local property investments.

“As an Islamic institution and catalyst for the national economy, TH is responding to the Prime Minister’s call to enhance the stability of the financial market via existing and new initiatives to enable TH to actively participate in domestic investments with high multiplier effect,” the statutory body said in a statement.