Anwar Ibrahim, Prime Minister of Malaysia, stated that the government had no choice but to inject funds into Tabung Haji (TH) to prevent it from going bankrupt. The intervention was necessary to avoid further financial losses, according to Anwar.
Tabung Haji, a government-linked fund responsible for managing the Hajj pilgrimage, has faced financial difficulties in recent years. The government’s decision to provide financial support highlights the growing concerns over the fund’s sustainability.
The move comes amid reports of declining revenues and increasing operational costs. While the exact amount of the financial injection was not disclosed, officials emphasized the urgency of the situation.
The government has not yet announced further details on the long-term strategy to stabilize Tabung Haji. (nst.com.my)
