Breaking
First‑quarter growth shows Malaysia economy remains resilientProtecting Our ‘Most Vital Infrastructure’: Pushing Back on DesertificationTrump threatens Oman as it cooperates with Iran on Strait of Hormuz deal, and other Middle East newsEbola outbreak becomes deadliest in DR Congo's historyTH welcomes move to amend Act, committed to strengthening governanceTabung Haji Act to be amended, PM Anwar says, to safeguard Muslim trustFly the Jalur Gemilang Wrong, Lose Your Operating Licence, Johor Factory Finds OutLanun hijacks cargo ship off Somalia coastWoman sues city mayor over public toilet feeRCI TH: Alam Maritim confirms CEO as SPRM directorUnable to pay fees, Iyad nearly missed examCoffee lovers must know: Kuala Lumpur set to become Asia's coffee industry hubProfessor Found Dead After Resignation, Study Accused of PlagiarismActive SISPA and StraComm Clique members, two USIM students win Dean's AwardSeat negotiations for Melaka polls will test ‘Malay unity’, says analystTrio fled with jewellery worth RM1.7mil in Genting robberyWhy did Trump scale back war games with South Korea?BYD Atto 3 2026 gets RM14,000 rebate this Merdeka season: Up to RM7,000 off for Sealion 7Malaysian Sprinter Danish Iftikhar Eyes Triple Gold at Sukma 2026World Cup: Speedy Tigers earn first goal after 3-3 draw with FranceFirst‑quarter growth shows Malaysia economy remains resilientProtecting Our ‘Most Vital Infrastructure’: Pushing Back on DesertificationTrump threatens Oman as it cooperates with Iran on Strait of Hormuz deal, and other Middle East newsEbola outbreak becomes deadliest in DR Congo's historyTH welcomes move to amend Act, committed to strengthening governanceTabung Haji Act to be amended, PM Anwar says, to safeguard Muslim trustFly the Jalur Gemilang Wrong, Lose Your Operating Licence, Johor Factory Finds OutLanun hijacks cargo ship off Somalia coastWoman sues city mayor over public toilet feeRCI TH: Alam Maritim confirms CEO as SPRM directorUnable to pay fees, Iyad nearly missed examCoffee lovers must know: Kuala Lumpur set to become Asia's coffee industry hubProfessor Found Dead After Resignation, Study Accused of PlagiarismActive SISPA and StraComm Clique members, two USIM students win Dean's AwardSeat negotiations for Melaka polls will test ‘Malay unity’, says analystTrio fled with jewellery worth RM1.7mil in Genting robberyWhy did Trump scale back war games with South Korea?BYD Atto 3 2026 gets RM14,000 rebate this Merdeka season: Up to RM7,000 off for Sealion 7Malaysian Sprinter Danish Iftikhar Eyes Triple Gold at Sukma 2026World Cup: Speedy Tigers earn first goal after 3-3 draw with France
Economy

TH welcomes move to amend Act, committed to strengthening governance

KUALA LUMPUR: The Tabung Haji (TH) Board welcomes the government's move to amend the Tabung Haji Act 1995, in line with the recommendations of the Royal Commission of Inquiry (RCI), to strengthen governance in ensuring that the responsibility entrusted to it continues to be preserved. TH announced that as an Islamic financial institution that manages the savings of Muslims for the purpose of perf

Source: The Star Malaysia · August 18, 2026 at 4:01 AM · AI-assisted report

Single-source
TH welcomes move to amend Act, committed to strengthening governance
Image: thestar.com.my

KUALA LUMPUR, 18 AUGUST 2026 —

Listen to this article

DomainFork Audio · read aloud

KUALA LUMPUR – The Tabung Haji (TH) Board welcomed the Malaysian government’s decision to amend the Tabung Haji Act 1995, following recommendations from the Royal Commission of Inquiry (RCI). The amendment, aimed at strengthening governance, will be implemented under the current Act 535 to preserve the trust placed in TH by Muslim depositors.

Market Impact

The move is expected to reinforce investor confidence in TH’s operations and may influence the broader Islamic finance sector. Market analysts note that enhanced governance could improve TH’s risk profile and potentially attract additional deposits, thereby supporting the stability of Malaysia’s Islamic banking framework.

TH stated that it remains committed to transparency, integrity and the safeguarding of depositor interests. In a statement posted on its official Facebook page, the board pledged to support all improvement initiatives to maintain depositor trust for future generations.

Prime Minister Datuk Seri Anwar Ibrahim, who also serves as Finance Minister, confirmed on social media that the amendment is part of the Madani Government’s broader strategy to correct institutional weaknesses and strengthen governance across key financial institutions.

Looking ahead, the amendment is expected to be enacted in the coming fiscal year, with details on the specific changes yet to be released. Once implemented, TH will likely review its internal controls and reporting mechanisms to align with the updated statutory requirements. The government’s commitment to governance reforms is seen as a positive signal for the stability of Malaysia’s Islamic financial sector, though further developments will be monitored closely by stakeholders and market participants.

Related: Prime Minister

Reporting based on The Star Malaysia. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.