KUALA LUMPUR: Lembaga Tabung Haji (TH) is back on track supported by the current board of directors and new management team who understands the TH Act, according to deputy minister in the Prime Minister’s Department (Islamic Affairs) Fuziah Salleh.
She said TH has not recorded any bank run since December last year.
“I am confident that TH now is under a team that is capable, high integrity and knows what are the best practices in Islamic finance.
“The worse is now over for TH. The problem was actually back in 2017, but people were not so worried as they were getting high hibah (dividends).
“Even though people get low hibah for 2018, they should know that everything is now back to syariah-compliant,” Fuziah told reporters after delivering a keynote address at the one-day Malaysian Financial Planning Council International Conference on Islamic Wealth Management and Financial Planning here.
She also reiterated that the haj subsidy would only be awarded to first time pilgrims.
“The quota for the haj currently stands at 30,200 individuals and we will not give anymore special quota to ministers and those with ‘connections’, but to those who are really eligible and elderly, who are first- timers,” said Fuziah, adding that the people should understand TH’s objectives.
She also said there is no limitation on the amount of saving by depositors in TH. — Bernama