What governance restructuring is being considered for TH?

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Governance Restructuring for Tabung Haji Under Consideration

The Malaysian government is set to accelerate the implementation of the remaining 25 per cent of recommendations from the Royal Commission of Inquiry (RCI) into Lembaga Tabung Haji (TH). This initiative aims to further strengthen the institution, with a particular focus on its governance structure. Seventy-five per cent of the RCI's 25 recommendations have already been put into practice, guiding TH towards improved management of haj deposits and operations, which has garnered international recognition.
Consideration of Separating Financial Management Responsibilities

A key aspect of the proposed governance restructuring involves the potential separation of responsibilities related to financial, fund, and investment management. The Minister in the Prime Minister’s Department (Religious Affairs), Dr Zulkifli Hasan, has indicated an openness to considering a proposal that would place these specific management duties under the purview of the Finance Minister. This move is part of a broader effort to enhance the operational efficiency and oversight of TH.
Review of Minister's Authority Scope

The RCI report also includes recommendations concerning the scope of authority for the Minister in the Prime Minister’s Department (Religious Affairs). One such suggestion is to limit this minister's responsibilities primarily to the management of haj affairs. This recommendation is among the proposals that the government is reviewing as part of the ongoing reform process for TH.
Broader Efforts to Strengthen the Institution

The government's commitment to expediting the remaining RCI recommendations underscores a broader objective to ensure that TH continues to be a robust and well-managed institution. These reforms are viewed as an opportunity to fortify TH's operations and financial standing, ensuring its long-term sustainability and its ability to serve depositors effectively. The ongoing reviews are guided by current realities and other relevant considerations to achieve these goals.

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What governance restructuring is being considered for TH?

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