KUALA LUMPUR, July 26, 2016 - Prime Minister Datuk Seri Najib Razak today launched the Tabung Haji Foundation(TH Foundation) at the Tabung Haji Kelana Jaya Kompleks.
The objective of setting up the TH Foundation is to improve education and to provide assistance during natural disasters or man-made disasters. The main focus is on enhancing human capital development and promoting research in the areas of Islamic Education, Islamic Banking and Shariah Legislation, as well as administering more systematically allocated funds.
The establishment of the Foundation is in line with the Prime Minister's suggestion that private companies, corporate bodies and government-link companies (GLCs) play a more active role in the development and well-being of the people.
He said the TH Foundation will be administered separately by its own Trustee Board. For this first phase, Lembaga Tabung Haji(TH) has allocated RM5 million for educational activities to be implemented by TH Foundation.