Discussions on the return of Lembaga Tabung Haji (TH) assets held by Urusharta Jamaah Sdn Bhd (UJSB) are expected to be completed in the first quarter of 2025. The Minister in the Prime Minister’s Department (Religious Affairs), Datuk Mohd Na’im Mokhtar, assured that the government will ensure a smooth and financially secure return of these assets. TH is currently engaged in discussions with the Ministry of Finance and UJSB to determine the best course of action for sukuk redemption and the impact on UJSB’s assets.
Discussions on the return of Lembaga Tabung Haji (TH) assets currently held by Urusharta Jamaah Sdn Bhd ( UJSB ) are expected to be finalized in the first quarter of 2025, the Dewan Rakyat was told today.
Minister in the Prime Minister’s Department (Religious Affairs) Datuk Mohd Na’im Mokhtar said the government, through the department, would ensure that the return of TH assets from the special purpose vehicle (SPV) would be done in an orderly manner and would not have financial implications on TH and its depositors. TH has commenced discussions with the Ministry of Finance (MOF) and UJSB involving the matters of the sukuk redemption and the impact on the value of UJSB’s assets. The Minister said in reply to Datuk Idris Ahmad (PN-Bagan Serai) regarding the latest developments in the proposal to return TH’s assets that were transferred to USJB, as well as investments made by TH. TH is still looking into the best option in their discussions with MOF and UJSB, which are expected to be finalized in the first quarter of this year. This is to ensure that it will benefit depositors in general and TH in particular.
Lembaga Tabung Haji TH Urusharta Jamaah Sdn Bhd UJSB Sukuk Asset Return Investments
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