Malaysia's freshest news, trending stories and local buzz.
Malaysia's National Reinsurance Berhad has agreed to sell its complete holdings in Takaful IKHLAS Family and General companies to Bank Rakyat for RM1.64 billion, marking a significant strategic shift in the group's business focus.
Religious Affairs Minister Dr Zulkifli Hasan will present the findings from the Royal Commission of Inquiry into Tabung Haji during a special session of Parliament next week, marking a significant moment in the ongoing investigation into the pilgrimage fund.
Prime Minister Anwar Ibrahim has declared that officials accountable for losses and misconduct at Lembaga Tabung Haji will face no exemptions from prosecution, signalling a hardline approach to governance accountability.
Tabung Haji's mounting liabilities forced Malaysia into a major financial rescue operation, sparking a Royal Commission inquiry into mismanagement spanning six years.
A Royal Commission of Inquiry report found that Tabung Haji's RM10 billion loss between 2014 and 2020 could have funded haj subsidies for more than 910,000 lower-income pilgrims over 25 years, highlighting governance failures at the institution.
Water asset manager PAAB has issued RM720 million in blue sukuk through a special purpose vehicle, drawing on its RM2 billion Islamic Commercial Papers Programme to finance sustainable water infrastructure.
Malaysia's cabinet has expanded the scope of an inquiry into Tabung Haji, the pilgrim fund manager, to encompass the Pakatan Harapan and Perikatan Nasional governments, moving beyond the initial investigation parameters.
Prime Minister Anwar Ibrahim has confirmed that the full Royal Commission of Inquiry report on Tabung Haji's operations has been released without any censorship or redactions, emphasising the government's commitment to transparency and accountability.
The Malaysian Anti-Corruption Commission has initiated a formal investigation into Tabung Haji following the Royal Commission of Inquiry report, dispatching investigative teams to the Islamic pilgrimage fund's headquarters in Putrajaya.
Tabung Haji has resolved RM12.6 billion in accumulated investment losses through its 2018 recovery and restructuring plan, with asset sales to a government vehicle and progressive recognition of remaining losses helping restore the pilgrimage fund's financial health.
Prime Minister Anwar Ibrahim has announced that Lembaga Tabung Haji has been successfully restored following the early detection of problems stemming from past negligence and mismanagement, with the full Royal Commission of Inquiry report now being made public.
The Malaysian government will accelerate implementation of the remaining 25% of Royal Commission recommendations for Tabung Haji, the pilgrimage savings institution. The move comes as TH receives international recognition for its haj management practices.
Malaysia's government guarantee worth RM88 billion for Tabung Haji depositors will be activated if the pilgrimage fund fails to implement its 2018 recovery plan, the Royal Commission of Inquiry warns.
Former Prime Minister Ismail Sabri has called for the immediate public release of findings from the Royal Commission of Inquiry into Tabung Haji, asserting that Umno has no concerns about transparency on the pilgrim fund matter.
A Royal Commission of Inquiry has determined that Tabung Haji improperly declared RM2.75 billion in hibah distributions for 2017, citing aggressive payouts beyond financial capacity as a key factor in the fund's crisis.
Malaysia's Royal Commission of Inquiry into Tabung Haji has recommended forensic audits of 14 investments linked to substantial asset losses. The report urges structural reforms and warns of systemic financial risks.
Air Selangor has successfully issued the world's first blue sukuk valued at RM200 million, establishing a landmark for sustainable water financing in Malaysia and positioning the country as a regional leader in green finance innovation.
Tabung Haji has implemented three-quarters of Royal Commission of Inquiry recommendations aimed at strengthening depositor safeguards and Syariah compliance. The Cabinet declassified the RCI report following decades of allegations surrounding asset sales.
Malaysia's Cabinet has approved the declassification and public release of a Royal Commission of Inquiry report investigating Tabung Haji's financial crisis between 2014 and 2020, marking a significant milestone in the pilgrims' fund board's recovery from a RM10.9 billion deficit.
Malaysia's Department of Islamic Development is overseeing 19 major waqf initiatives valued at RM321 million nationwide. The National Waqf Master Plan 2025-2030 will soon be presented for Cabinet approval after receiving support from all state Islamic councils.
Over 400 participants gathered in Terengganu for the sixth National Baitulmal Convention to reshape how Islamic social finance institutions serve Malaysia's Muslim communities through technology and innovation.
Malaysia's religious affairs minister has urged Baitulmal institutions to transition from conventional aid distribution toward generating sustainable economic opportunities through Islamic social finance, digital innovation, and corporate partnerships.
Prime Minister Datuk Seri Anwar Ibrahim has called on waqf institutions and Islamic dakwah organisations to adopt artificial intelligence and digital technologies while strengthening faith and moral values. Speaking at the 2026 International Waqf Dakwah Convention, he warned that technology without ethical foundations threatens human dignity.
Sultan Nazrin Shah has advocated for establishing common governance standards for Islamic endowments (waqf) across countries, emphasising digital transparency and regional cooperation to unlock underutilised assets.
Malaysian academics and public figures are pressing the government to release the Tabung Haji RCI report promptly, arguing transparency is essential to protect depositors and restore confidence in the Islamic pilgrimage savings scheme.
Barisan Nasional has indicated it will not block the release of the Royal Commission of Inquiry report on Tabung Haji to Parliament or the public, should the Cabinet move to authorize such disclosure.
Prime Minister Anwar Ibrahim announced that the government will soon release the final Royal Commission of Inquiry report into Tabung Haji, citing public interest and the fund's recovery progress.
Malaysia's Cabinet will consider releasing the final Royal Commission of Inquiry report on Tabung Haji, as the government defends its 2018 rescue operation and refutes claims that strategic assets were improperly sold.
Sultan Nazrin Shah stressed that nations cannot succeed through resources and talent alone, emphasizing the critical importance of robust institutions, transparent governance, accountable leadership, and a political culture rooted in civility and the rule of law.
Permodalan Nasional Bhd has unveiled a new investment framework combining Islamic Maqasid al-Syariah principles with Environmental, Social and Governance standards, positioning Malaysia's Islamic finance sector as values-driven and socially responsible.
The Selangor Zakat Board has launched IKTIRAF, a pioneering certification programme recognising Malaysian companies that consistently fulfil their business zakat obligations, drawing parallels with halal certification to encourage corporate participation.
NPE has raised RM54 million through a sustainability-linked sukuk to finance NPE2, a 6.4-kilometre elevated highway in Kuala Lumpur. The issuance marks the world's first such financing structure for a highway project, linking performance targets to worker safety and green infrastructure.
Malaysia has formalised a strategic partnership with two Omani institutions to strengthen waqf development and Islamic social finance, positioning itself as a regional leader in this sector.
Malaysia is increasingly recognised globally as a leading nation in Islamic affairs management, supported by strong halal certification, Islamic finance leadership, and comprehensive religious education frameworks.
Tabung Haji and Bank Islam have unveiled a RM1 million initiative targeting disadvantaged youth with vocational training and employment opportunities across nursing, accountancy, technical trades and allied health sectors.
Selangor Zakat Board has unveiled a RM26 million agricultural development project targeting 48 asnaf recipients, offering three-year training programmes, chilli cultivation opportunities, and subsidised housing to foster long-term economic self-sufficiency.
Pengurusan Aset Air Bhd has launched Malaysia's inaugural sustainable Islamic finance framework, incorporating blue finance and achieving Platinum certification. The framework supports water infrastructure investments valued at RM46.88 billion.