Tabung Haji Financial Position Strengthens as Assets Reach RM98.58 Billion, MOF Says

KUALA LUMPUR, AUGUST 2026 — Lembaga Tabung Haji (TH) is now in a more stable and financially stronger position following improvements in its asset base, depositors’ savings and annual profit distribution, according to Malaysia’s Ministry of Finance (MOF).

As of December 31, 2025, Tabung Haji recorded total assets of RM98.58 billion, exceeding its liabilities of RM95.63 billion. The figures indicate a positive asset-liability position for the institution responsible for managing Malaysian Muslims’ savings for the haj pilgrimage.

Depositors’ savings have also recorded significant growth in recent years. According to MOF, total deposits increased from RM75.4 billion in 2018 to RM93.4 billion in 2025, demonstrating continued confidence among Malaysians who use Tabung Haji as their principal haj savings institution.

Tabung Haji’s annual profit distribution has also improved considerably from the level recorded during its earlier financial difficulties.

MOF said the distribution rate increased from 1.25 per cent in 2018 to 3.50 per cent for 2025, with a total distribution amounting to approximately RM3.22 billion.

The ministry stressed that depositors’ savings remain secure and are fully guaranteed by the Malaysian government under Section 24 of the Tabung Haji Act 1995 (Act 535).

The guarantee remains an important safeguard for millions of Malaysians who depend on the institution to accumulate funds for their pilgrimage to Makkah.

Despite improvements in TH’s current financial position, MOF acknowledged that the financial impact arising from alleged mismanagement and investment problems before 2018 has not disappeared.

The ministry said the cost of dealing with those problems had ultimately been borne by the government, taxpayers and Tabung Haji’s depositors.

Around 9.7 million depositors were affected during the recovery period, including through lower profit distributions, with the rate falling to 1.25 per cent in 2018 and remaining around three per cent during subsequent rehabilitation years.

Finance Minister II Datuk Seri Amir Hamzah Azizan, while winding up a special parliamentary sitting, said the overall losses linked to Tabung Haji were close to RM13 billion.

This comprised approximately RM10.2 billion in losses borne by the government through Urusharta Jamaah Sdn Bhd (UJSB) following the 2018 restructuring, as well as RM2.6 billion in impairment losses absorbed by Tabung Haji itself.

MOF also stressed that the government would not interfere with or protect any individuals in relation to possible legal proceedings arising from the issue.

According to the ministry, decisions on prosecution will remain entirely under the authority of the public prosecutor.

The government said its priority is to ensure that the institutional weaknesses which contributed to the earlier crisis are not repeated.

As part of those efforts, the government plans to proceed with amendments to the Tabung Haji Act 1995, in line with recommendations made by the Royal Commission of Inquiry (RCI).

One of the proposed reforms is to introduce Securities Commission oversight of Tabung Haji’s investment activities, strengthening external supervision over how the institution manages and allocates its investment portfolio.

The proposed regulatory changes are intended to reinforce accountability, investment discipline and governance while safeguarding the long-term interests of depositors.

With assets now exceeding liabilities, deposits approaching RM100 billion and profit distributions recovering significantly from their 2018 level, MOF says Tabung Haji has entered a stronger phase of financial stability.

The government nevertheless maintains that stronger governance and regulatory safeguards will remain essential to ensure the institution can continue protecting Malaysians’ haj savings for future generations.