Tabung Haji

Lembaga Tabung Haji (Jawi: لمباݢ تابوڠ حاج ; Arabic صندوق الحج) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. 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. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles. Through its subsidiaries, the company also engaged in other industries such as finance, hospitality, property, plantation and information technology. Prior to the establishment of Lembaga Tabung Haji, there was no Islamic financial institution in Malaysia through which Muslims could save for hajj expenses. The economist Mehmet Asutay has described Tabung Haji as the first Islamic ethics-driven company in the world. Even though several banks were already operating, the Muslims were reluctant to use conventional banking for their hajj savings because they wanted to ensure that their hajj savings were free from riba (usury) in order to attain a Mabrur (accepted) Hajj.