NGOs call for delay of TH's designation as Islamic financial institution

A group of NGOs have called upon Minister in the Prime Minister’s Department (Religious Affairs) Zulkifli Mohamad Al-Bakri and Finance Minister Tengku Zafrul Abdul Aziz to suspend the designation of Lembaga Tabung Haji (TH) as an Islamic financial institution under the Islamic Financial Services Act 2013.

A statement calling for the suspension was endorsed by 26 individuals including Chambers of Commerce secretary-general Mohd Azli bin Md Yusof, Majlis Tindakan Ekonomi Melayu (MTEM) chairperson Abdul Halim Husin and Movement for Monetary Justice Malaysia chairperson Ahamed Kameel Mydin Meera, among others.

“We are deeply saddened that...