Politicians decide what Tabung Haji pays its savers
The fund holds RM91 billion for 10 million people, and in 2017 it promised them more
than it had earned.
What matters now
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Malaysian Islamic banks do not lend money. They sell you a commodity
Ask for RM50,000 and the bank buys a commodity, sells it to you for RM60,000, then
sells it again within minutes. Bank Negara has asked whether that is really Islamic finance.
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PAS is the largest Malay bloc. Why give up the premiership?
Its delegates voted last September for PAS to lead the opposition coalition and name a prime minister from its own ranks. It has spent the year handing positions to other people.
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