Malaysia's government has announced plans to conduct a comprehensive and ongoing forensic audit of the Tabung Haji (TH), the country's Islamic endowment fund. The audit, which is expected to be completed within a year, aims to ensure transparency and accountability in the management of TH's vast assets.
The decision comes after growing public scrutiny over the fund's operations, particularly following recent reports on its financial practices. The audit will be carried out by independent experts and is expected to cover all aspects of TH's activities, including its investment strategies and administrative processes.
Prime Minister Muhyiddin Yassin emphasized the importance of the audit, stating that it is a necessary step to restore public confidence in the institution. The findings of the audit are expected to be made public, with recommendations for improving governance and financial oversight.
The move reflects a broader effort by the Malaysian government to address concerns about the management of state-owned institutions and to enhance fiscal responsibility.
