The stories shaping Malaysia, in focus.
Malaysian National Reinsurance Berhad has agreed to sell its entire interest in Takaful IKHLAS Family Bhd and Takaful IKHLAS General Bhd to Bank Rakyat for RM1.64 billion, marking a strategic shift toward core reinsurance operations.
Prime Minister Anwar Ibrahim has pledged that individuals responsible for losses and misuse of power at Lembaga Tabung Haji will not escape accountability, with investigations and prosecution to follow if evidence warrants action.
Tabung Haji faced mounting financial strain as liabilities outpaced assets, prompting a comprehensive recovery strategy and a Royal Commission inquiry into management practices between 2014 and 2020.
The Malaysian Anti-Corruption Commission has deployed eight officers to Tabung Haji's Kuala Lumpur headquarters to conduct a comprehensive review of the fund's financial and administrative documents.
A Royal Commission of Inquiry into Tabung Haji's RM10 billion loss between 2014 and 2020 reveals the funds could have financed haj pilgrimages for over 900,000 B40 Malaysians annually for more than two decades, exposing severe governance failures.
Water asset management company PAAB has raised RM720 million through a blue sukuk issuance, leveraging Islamic finance to fund sustainable water infrastructure projects across Malaysia.
The Malaysian Anti-Corruption Commission has deployed eight investigators to Tabung Haji following Prime Minister Anwar Ibrahim's directive to enforce action based on a damning Royal Commission of Inquiry report.
Tabung Haji says its 2018 restructuring plan has resolved RM12.6 billion in accumulated investment losses, stabilizing the pilgrimage fund and allowing profit distributions to climb from 1.25% in 2018 to 3.50% projected for 2025.
Prime Minister Anwar Ibrahim has blamed greed, poor governance, and financial mismanagement for nearly destroying Tabung Haji, Malaysia's pilgrimage fund, signalling continued scrutiny of the institution's troubled stewardship.
The Muslim Youth Movement of Malaysia has urged comprehensive reforms at Tabung Haji following a Royal Commission of Inquiry report, emphasizing merit-based leadership and strict accountability to rebuild depositor confidence.
Prime Minister Anwar Ibrahim has scheduled a special parliamentary session for Aug 11 to deliberate on the Royal Commission of Inquiry report into Tabung Haji's operations and governance.
Prime Minister Anwar Ibrahim has announced that Tabung Haji has been successfully rehabilitated following the early identification of governance failures. The Cabinet has authorized the public release of a comprehensive Royal Commission of Inquiry report.
The Malaysian government will expedite implementation of the final quarter of Royal Commission recommendations for Tabung Haji, with 75% already completed. Minister Zulkifli Hasan signals openness to governance restructuring proposals.
The Royal Commission of Inquiry into Tabung Haji warns that a RM88 billion government guarantee protecting depositors will be triggered if the pilgrimage board's recovery plan falters, risking Malaysia's fiscal position.
Former Prime Minister Ismail Sabri has called for the findings of the Royal Commission of Inquiry into Tabung Haji to be disclosed publicly, maintaining that Umno has no cause for concern about transparency.
Deputy Prime Minister Ahmad Zahid Hamidi says the Cabinet is considering expanding the scope of a Royal Commission of Inquiry into Tabung Haji to provide a more comprehensive assessment of whether past recommendations for rehabilitating the pilgrims fund have been properly executed.
Malaysia's Department of Islamic Development released a comprehensive Royal Commission of Inquiry report examining Tabung Haji's management between 2014 and 2020, containing detailed findings and recommendations for the pilgrim fund operator.
Air Selangor has successfully issued the world's inaugural blue sukuk worth RM200 million, establishing a new benchmark for sustainable water financing in Malaysia and signalling growing investor appetite for environmental bonds.
Prime Minister Anwar Ibrahim has clarified that the release of the Royal Commission of Inquiry report on Tabung Haji is not intended to revisit past grievances, emphasizing instead a forward-looking approach to addressing institutional challenges.
Tabung Haji is systematically implementing recommendations from a Royal Commission of Inquiry, with 75% of suggested reforms already underway. The declassified report aims to strengthen the institution's governance and restore public confidence.
Malaysia's Cabinet has approved the declassification and public release of the Royal Commission of Inquiry report into Tabung Haji's financial crisis. The report, covering 2014-2020, contains 25 recommendations, 75% already implemented by the institution.
Malaysia's religious affairs division is driving 19 major waqf projects valued at RM321 million, with the National Waqf Master Plan 2025-2030 heading to Cabinet for approval this year, according to Deputy Minister Marhamah Rosli.
Malaysia's Department of Waqf, Zakat and Haj convened over 400 Islamic finance professionals at the sixth National Baitulmal Convention 2026 in Terengganu to chart a modernized direction for managing Islamic charitable institutions through digital innovation and competitive financial instruments.
Sultan Nazrin Shah has called for internationally adoptable governance standards for waqf institutions, citing underutilised assets and weak administration across the Islamic world. He also proposed a regional pilot initiative linking Malaysia, Indonesia and ASEAN countries.
Muhammad Kamil Abdul Munim, the Finance Minister's political secretary, says the RCI report on Tabung Haji should end the institution's troubled chapter and usher in greater transparency and accountability to protect Muslim pilgrims' savings.
Sultan Nazrin Shah has underscored that national success depends not on resources alone but on institutional strength, transparent governance, and accountable leadership that prioritizes public service over self-interest.
Permodalan Nasional Bhd has introduced the MSRI model, a framework combining Maqasid al-Syariah with ESG principles to strengthen shariah compliance and ensure investments benefit both financial returns and societal well-being.
Zakat Selangor has unveiled IKTIRAF, a certification initiative recognising companies that consistently fulfil business zakat obligations. The scheme aims to increase corporate awareness and encourage more businesses to integrate Islamic charitable giving into governance practices.
National-owned expressway operator NPE has issued RM54 million in sustainability-linked Islamic bonds to fund the NPE2 highway project, marking the first such financing structure globally for a road infrastructure scheme.
Malaysia has formalized a strategic partnership with Omani institutions to develop waqf assets and Islamic social finance expertise. The collaboration marks growing international recognition of Malaysia's capabilities in structured waqf governance.
Malaysia has earned international recognition as a leading Islamic nation, with world-class halal certification, Islamic finance, and educational institutions, says the Religious Affairs Minister.
Selangor Zakat Board has launched a RM26 million agroeconomic project in Bukit Beruntung to help 48 asnaf participants build sustainable incomes through chilli cultivation and agricultural training over three years.
Tabung Haji and Bank Islam have jointly unveiled the DAYA INSANI programme with RM1 million in initial funding to provide skills training and employment opportunities for economically disadvantaged youth and orphans.
Pengurusan Aset Air Bhd has unveiled Malaysia's inaugural Sustainable Islamic Finance Framework, achieving three national firsts including the country's first blue finance integration and platinum-rated certification to advance water security.
A former officer of Ikram, an Islamic financial services institution, has been charged with money laundering involving RM18 million. Authorities allege he purchased high-end vehicles using funds routed through company accounts.