KUALA LUMPUR - The Pilgrims' fund has launched a transformation plan called Hijrah24 to strengthen governance and revive business and investment.
Prime Minister Datuk Seri Ismail Sabri Yaakob said it is aimed to drive the organisation for the next three years, especially after the pandemic.
"I was informed that this plan covers 24 strategic initiatives to achieve TH's aspirations, with focus on strengthening the structure of corporate governance, operations as well as being driven by the digitalisation initiative,” he said at the launch.
Minister in the Prime Minister's Department (Religious Affairs) Datuk Idris Ahmad, TH chaiman Tan Sri Azman Mokhtar and TH Group managing director and chief executive officer Datuk Seri Amrin Awaluddin were also present.
Among the targets are to increase the size of the fund to RM100 billion by 2024 and to increase the number of depositors to cover more than 50 percent of Malaysia's Muslim population.
Also targeted are the distribution of profits to depositors at a rate in excess of 0.75 per cent of the Islamic rate of return.
Ismail Sabri also said the government was confident that Tabung Haji will push its efforts and initiatives for the benefit of pilgrims.