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TaHa Alam showcases challenges, economic benefits of pilgrimage (Saudi Gazette)

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Saudi Gazette 30/06/2014

20140630 saudi gazette picTaHa Alam Sdn Bhd (TaHa Alam), a joint venture company owned by Islamic Corporation for the Development of the Private Sector (a member of Islamic Development Bank Group) and Theta Edge Berhad (a subsidiary of Lembaga Tabung Haji), shared the experience of Lembaga Tabung Haji of Malaysia in a forum entitled “Mobilizing Savings and Effective Haj Management – Malaysia Experience conjunction with the 39th IDB Annual Meeting on June 22-26, 2014. The forum also showcased the challenges and success of Tabung Haji model and its potential replication to other countries, as well as its benefits and spillover effects to the economy.

In some countries, unfortunately, Muslims have to either forgo their personal belonging and/or borrow huge sums of money to finance their pilgrimage. This can be partially attributed to the lack or non-existence of Shariah-compliant savings instruments for them to save systematically for their once-a-lifetime Hajj pilgrimage.

TaHa Alam, with the global leadership positions of its shareholders and by leveraging on latest technology together with continuous operational improvement, aims to assist as many counties as possible in mobilizing its Haj savings scheme and managing its Hajj management company.

The forum was represented by the CEO of Islamic Corporation for the Development of the Private Sector, Khaleed Al Aboodi who is also the chairman on the Board of TaHa Alam, Mohamad Firdaus Ahmad Yatim from Lembaga Tabung Haji of Malaysia and Nik Joharris Nik Ahmad, CEO of TaHa Alam.

TaHa Alam provides advisory and consultancy services mainly for setting up of Hajj fund/savings scheme and Hajj management company. This includes Haj training and IT system. Other business scope of TaHa Alam are travel and logistic services, which comprise of accommodation, flight services, cargo services and food services, and financial services. — SG

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