Tabung Haji assets must be managed prudently, transparently – deputy minister

LABUAN: The strategic assets of Lembaga Tabung Haji (TH) must be managed efficiently, prudently and transparently for the board to emerge as trustworthy entity and regain people’s confidence.

Deputy Minister in the Prime Minister’s Department (Religious Affairs) Ahmad Marzuk Shaary said that there must not be any irregularities in the fund management as it involved people’s saving.

“We have analysed and evaluated people’s complaints linked to the alleged irregularities in the management of the assets…I personally checked certain important documents on the sales of TH’s strategic assets as alleged.

“I have informed the TH’s management to be more cautious in the fund and assets management and to report to the office of Minister or Deputy Minister on any matter pertaining to the sales of assets.

“We understand people’s grievances pertaining to the issue… any complaints with proof and basis will be dealt with accordingly…more importantly, the assets in Tabung Haji are people’s assets…the assets for the Muslim community that must be managed transparently,” he said.

He said the government would ensure the assets in TH to be managed prudently to prevent future losses among the contributors.

Ahmad Marzuk said a directive had been issued to TH’s management to hold a meeting session with the stakeholders and those who had exposed (on any platforms) the alleged irregularities in the TH’s asset management.

“The meeting is to discuss the actual situation happening in the asset management as alleged…if there are any wrongdoing elements found, resulting in losses incurred by the contributors (depositors)…then we will do our best to resolve it efficiently,” he said.