The Malaysian pilgrimage fund's balance sheet "has completely been straightened out, cleaned up", according to Tan Sri Abdul Rashid Hussain, who two years ago said that his immediate priority when assuming the chairman role was to “sort out the legacy issues” in Tabung Haji. Unlike the Employees Provident Fund, Tabung Haji depositors can take out their savings anytime. A depositor needs an account balance of just RM1,300 to register or 'queue' for Hajj quota under Tabung Haji. Instead, Tabung Haji is now intensifying efforts to rebuild its deposit base, including campaigns to encourage systematic savings, particularly among younger Malaysians. “We are trying to inculcate a systematic saving habit… to make Tabung Haji the first choice as an Islamic savings institution,” Abdul Rashid said.

Source: The Edge Markets March 18, 2026 09:58 UTC