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Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution for Muslims to save for their Hajj (pilgrimage to Mecca) expenses. In 1969, PWSBH merged with Pejabat Urusan Haji to form Lembaga Urusan dan Tabung Haji (now known as Lembaga Tabung Haji).
Lembaga Tabung Haji (Jawi: تابوڠ حاج ; Arabic صندوق الحج ) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. [1] It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur.
The current substantial shareholders of Takaful Malaysia are Lembaga Tabung Haji, Employees Provident Fund Board and Kumpulan Wang Persaraan (Diperbadankan), with a shareholding of 28.20%, 12.73% and 6.88%, respectively, as at 31 March 2023.
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It is owned at 73.83% by the government-run Tabung Haji (2016). [5] A notable director is Dato' Noordin bin Md Noor, who has long-standing activity in politics. [6] In 2007, most of its 200,000 ha of its allocated plantation land in Riau was on peat soil.
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Abdul Azeez bin Abdul Rahim (Jawi: عبدالعزيز بن عبدالرحيم, Tamil: அப்துல் அஸீஸ் பின் அப்துல் ரஹீம், romanized: Aptul asīs piṉ aptul rahīm; born 19 November 1966) is a Malaysian politician and businessman who served as the Member of Parliament (MP) for Baling from May 2013 to November 2022 and Chairman of the Tabung ...
In 1996, the Negeri Sembilan Development Corporation and Tabung Haji "acquired the land from the settlers to build the state’s technology corridor", [2] [1] where the settlers receive a payout of RM 47 million; each receive between RM 1.2 million to RM 2 million, [1] hence earning its nickname "the millionaire village". [3]