Live Breaking News & Updates on துறை மத வாழ்க்கைத்தொழில்கள்

Stay updated with breaking news from துறை மத வாழ்க்கைத்தொழில்கள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Placing TH under BNM due to nation's financial stability | Daily Express Online


Published on: Tuesday, July 20, 2021
By: Bernama
Text Size:
Kuala Lumpur: The decision to place Lembaga Tabung Haji (TH) under the regulation of Bank Negara Malaysia (BNM) is to improve the pilgrimage fund board’s overall management and operations due to its importance to the country’s financial system stability.
Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz
(pic) said the move was also taken to safeguard the interest of depositors and strengthen TH’s financial position in fulfilling its mandate in line with good the governance standards set by the United Nations Convention Against Corruption (UNCAC).
“In line with the establishment of the Royal Commission of Inquiry (RCI) relating to TH, the government continues to strongly support the ruling under Article 3(1) of the Federal Constitution on Islam as the federal religion and TH will remain the leading agency, especially in the management of hajj pilgrims to fulfil the fifth pillar ....

Kuala Lumpur , Tabung Haji , Tengku Zafrul , Zafrul Tengku Abdul Aziz , Permodalan Nasional Bhd , Royal Commission Of Inquiry , United Nations Convention Against Corruption , Central Bank , Bank Simpanan Nasional , Islamic Financial Services , Department Religious Affairs , Bank Kerjasama Rakyat Malaysia Bhd , Securities Commission Malaysia , Shariah Advisory Council , Cabinet Committee On Anti , Bank Negara Malaysia , Investment Panel , Lembaga Tabung Haji , Royal Commission , Federal Constitution , Islamic Financial Services Act , Malaysia Act , Bank Rakyat , Special Cabinet Committee , Tabung Haji Act , Finance Ministry ,