Syamim Harun

[Syamim Harun @mmysia]

Something to lift you up... From a great friend of mine.

[Jackson Hinkle 🇺🇸 @jacksonhinkle]

They call her Mossad's stupidest asset

[Roman Akramovich @SyedAkramin]

Kalaulah Ungku Aziz masih hidup hari ini, saya pasti dia akan menangis tak henti-henti apabila ketahui Tabung Haji yang ditubuhkan dulu untuk bantu umat Islam tunaikan haji, kini jadi mesin duit untuk pemimpin-pemimpin politik korup.

[Dan Bilzerian @DanBilzerian]

-Spain condemns Israel
-Netanyahu says “Spain will pay the ultimate price.”
-Spain is flooded with thousands of Moroccan migrants
-Israel congratulates Morocco for the first time ever on social media

[Effi The Source Saharudin @1Obefiend]

Just your normal moto behaviour. Arrow straight kau guna nak left turn memang cari nahas. Happens all the time

[Jake Shields @jakeshieldsajj]

Israel is making it clear that they are behind this invasion of spain

[Abier @abierkhatib]

I’d rather get cursed 10 times a day than be anywhere near Israel, u fuking baby killers

[KucingKerongKuantan @KlutzyKucing]

For those Gen Z who are "itchy" to vote for UMNO, watch your savings.

If sacred Funds such Tabung Haji pun they are willing to siphon off, I think they will go after ANY funds for free money.

[george @StokeyyG2]

The beautiful game is so so so back.

[Abier @abierkhatib]

You still doubting they’re the ones behind it?

Wherever there’s dirt, they’re never far from it.

[Marika Sumiko @MarikaSumiko]

My fellow Malaysians.

WE DID IT.

We got through July.

AAAAAAAAAA

Holeh, no public holiday at alllll

IT WAS TORTUREEEEE

[De Scorpio @descorpio23]

@abdulhadiawang

[Abu Osman Moccona @osman_EX5Hitam]

Dia dtg umah kita, lepas tu dia kata nak meniaga dari rumah

Pakai beras kita, bahan kita, dapur kita..kita kesian. Bagi.

Untung, dia sebat. Rumah dah kotor. Panggil lagi kawan dia. Pacak kedai pula depan rumah kita. Elektrik tak nak bayar, air tak nak bayar.

[Peth @Pethaas_]

Unironically the first girl i've seen with such control over her facial muscles like what is this?????

[KucingKerongKuantan @KlutzyKucing]

Adakah pendedahan RCI Tabung Haji itu akan mempengaruhi pengundi Melayu di Negeri Sembilan dan PRU 16 akan datang?

Sudah tentu tidak.

Melayu ni bukanlah terkenal dengan kebijaksanaan mereka.

Who are you trying to kid?

Kalau Melayu ni bijak, PAS tu dah lama terkubur di Kelantan dan hanya tinggal nama di negara ini.

Penat jer korang ulas panjang lebar salahlaku dan kes2 sakau. Kes tunggang agama. Nobody really gives a shit.

Lebih baik ke pawagam, kita tengok Odyssey. Matt Damon hensem.

[Abah @chairmanGLC]

Kalau kawan kau mati macam ni, konvoi batal ke atau kau terus je sambung konvoi dengan kawan-kawan lain yang hidup lagi? Bertanya dengan nada ingin tahu.

[Wilson is Running 🇲🇾 @wilsonyimby]

Tabung Haji is now a conglomerate but it NEVER MEANT to be a conglomerate

Get it?

From when I was young in Kedah, I always hear people say Tabung Haji was why they get to go fulfil the Haj.

How many of you actually know what Tabung Haji was actually for? The RCI report everyone is sharing this week makes it easy to forget.

The story starts in 1959 with an economics lecturer named Ungku Aziz. He studied how kampung Malays saved for haj and found something heartbreaking. Families bought land and buffaloes over decades, then sold everything to reach Mecca, and came home with status but no assets.

Banks were not an option. Interest is riba, and nobody wanted a haj funded by riba.

So Ungku Aziz proposed a fix: a riba-free national savings fund. Pilgrims deposit small amounts over the years. The fund invests in halal assets, pays zakat on their behalf, and returns profits as hibah.

Al-Azhar's rector vetted the concept in 1962. The first counter opened on 30 September 1963, and Ungku Aziz himself was depositor number one with RM100.

It worked beautifully. Maybe too beautifully.

Because a pool of patient, sticky, religiously motivated deposits is the cheapest capital on earth. And cheap capital wants to buy things.

By the 2010s Tabung Haji controlled BIMB Holdings, the parent of Bank Islam, a listed plantation group and an IT company. It was the biggest shareholder of an oil and gas fabricator, and owned hotels and offices from Saudi to the UK. At its peak it held stakes in over 100 listed companies.

A haj savings scheme had become a conglomerate spanning banking, plantations, property, energy and tech. Which sounds like a Korean chaebol. Same sprawl, same political entanglement, same too big to fail status.

But two differences make the comparison flattering to TH.

Chaebols answer to export markets. Samsung had to build phones the world would buy, or die. TH's subsidiaries only had to answer to the fund itself, and several bled money for years while deposits kept flowing in.

And chaebols gamble the founding family's capital. TH gambled haj savings that are government guaranteed and withdrawable any time. When Samsung stumbles, the Lee family pays. When TH stumbled, a government vehicle took RM19.9 billion of underperforming assets off its books in 2018.

The RCI's own conclusion: TH slipped from its founding purpose. It paid hibah it had not earned to attract yield chasers, until the report says 2017's RM3.4 billion profit should have been a RM1.4 billion loss.

Today TH holds RM98 billion for 9.7 million depositors. Parliament debates the report on 11 August.

Ungku Aziz's whole idea was to separate haj savings from worldly risk. Somewhere along the way, the fund became the risk.

Would he recognise what his RM100 built?

[olivia 🐥 @technorodrigo]

a meme that keeps delivering

[Lea @Lea_EFC]

Mykhailo Mudryk arriving in Hong Kong to join up with his Chelsea teammates:

[StratCommX @StratCommX]

4 kali darjah kebesaran N9 ditarik balik dan Rais Yatim dah masuk dalam list ke-5 selain Najib Razak, Rosmah Mansur dan kartel UKM

Track record Yamtuan Tuanku Muhriz ni memang clear cut, baginda sgt menjaga kehormatan institusi diraja N9 dan tak berkompromi dengan perasuah

[Naim Zaini @naimbinzaini]

RM8000 pendapatan sebulan. 60% daripadanya ialah untung bersih. Daripada program ni, kita dpt tengok @rafiziramli punya cara fikir simple je.

Dia nak program berimpak besar tapi modalnya ciput. Bila modal ciput, risiko rendah. Sbb tu dlm pilihan raya, dia berkempen guna trak. Bila dia nak buat rakyat ada pendapatan tambahan, dgn cara fikir yg sama, lahirlah IPR.