KUALA LUMPUR: Lembaga Tabung Haji (TH) says it has restored its financial health after completing its restructuring plan in May this year by transferring under-performing assets to Syarikat Urusharta Jemaah Sdn Bhd (Urusharta Jemaah). It added that the sukuk issuance worth RM19.9 billion by Urusharta Jamaah had also given TH returns of four per cent or about RM800 million a year. Meanwhile, TH said it continues to play an active role in the country’s economy including through its portfolio of investment properties via its subsidiaries. “The performance of TH’s subsidiaries, especially Bank Islam Malaysia Bhd (Bank Islam) and Syarikat Takaful Malaysia Keluarga Bhd, has been encouraging,” it said. “TH will continue to find new investment opportunities and will invest in the appropriate manner taking into account depositors’ risk profiles,” it said.

Source: New Strait Times November 04, 2019 12:00 UTC