Lembaga Tabung Haji (TH): Best Diversified Sharia-Compliant Services Leadership Asia Pacific 2017

For over half a century, Lembaga Tabung Haji (TH) has provided an avenue for Malaysian pilgrims to save gradually for hajj. Set up in 1963 as a statutory body under the purview of the Malaysian’s Government, TH has helped millions embark on their pilgrimage to the Holy Cities of Makkah and Madinah.

TH has more than 50 years of experience in hajj and Islamic fund management. Being the only hajj institution in the country with deposits exceeding RM70 billion, TH endeavour to strengthen the economy of the Malaysian Muslims by capitalising on its available funds and resources. With almost 9.5 million depositors served through a nationwide network of 125 branches and 6,000 touch points, TH is Malaysia’s premier Islamic financial institution and a catalyst to the financial strength of the country’s Muslim community.

TH maintains a well-diversified portfolio of Sharia-compliant investments both in its home market and overseas. As an early adopter of Islamic finance, TH foresaw the rise in demand for Sharia-compliant products and services, thus invested significant resources to reap positive returns in the said dynamic growth sector. TH also has sizeable stakes in Islamic banking, plantations, construction, real estate and property development, among others. In Australia and the United Kingdom, TH has benefited from the recent boom in construction and property development.

Being amongst the top employers in the country, TH hires more than two thousand employees and train more than three hundred interns, every year. As part of building sustainable businesses, TH places a significant emphasis on giving back to the society by executing various corporate social responsibility programmes, nationwide.

The CFI.co judging panel notes that TH continues to be a driver of innovation in its services to the Malaysian pilgrims and considered a role model for hajj management amongst the Muslim countries.

The judges are pleased to offer Lembaga Tabung Haji the 2017 Best Diversified Sharia-Compliant Services Leadership Asia Pacific Award.