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Tabung Haji faced a severe financial crisis marked by ballooning liabilities against stagnant assets, prompting government intervention through a comprehensive recovery plan and a Royal Commission of Inquiry to examine mismanagement during 2014-2020.
Tabung Haji's RM10 billion loss could have funded haj pilgrimage for more than 900,000 lower-income Malaysians over 25 years, according to analysis of the Royal Commission of Inquiry report. Governance weaknesses and poor investment decisions have severely undermined the institution's credibility.
Malaysia's cabinet has decided to broaden a Royal Commission of Inquiry into Tabung Haji, the Islamic pilgrimage fund, to examine governance during the Pakatan Harapan and Perikatan Nasional administrations, Deputy Prime Minister Ahmad Zahid Hamidi announced.
Former Prime Minister Ismail Sabri has publicly urged the government to release the findings of the Royal Commission of Inquiry into Tabung Haji, asserting that Umno maintains nothing to hide regarding the pilgrimage fund.
Deputy Prime Minister Ahmad Zahid Hamidi has indicated that the Cabinet is considering an expanded scope for the Tabung Haji Royal Commission of Inquiry, potentially to examine whether past rehabilitation recommendations have been successfully executed.