FAQ
Although there are potential assets and the value of the stock is likely to recover, the gap in the value of the shares is too high, ranging from 20% to 90%. The period of time it takes for the stock to recover could take a long time and cause TH not to close the deficit gap in the near future.
The premium rate is required to cover the deficit gap between the value of TH's assets and liabilities as a result of the impairment of TH's investment. SPV is wholly owned by the Government, where under section 24 of the Tabung Haji Act, all deposits will be borne by the Government. It is the Government's responsibility to ensure that TH's financial position can be restored immediately.
SPV are required to acquire TH assets that aredeclining in value and are becoming less competitive. To ensure that TH's financial position can be restored immediately, these assets are transferred at a premium price that exceeds the market value. This is to ensure that the value of the asset will be higher than the value of the liability to be able to make the distribution of hibah and avoid the possibility of a liquidity crisis.
Sukuk has terms that can help the Government's financial flexibility in order to reduce the government's debt burden. Cash injection will put pressure on the Government finances as the Government is forced to make additional loans and the debt burden of the country will increase. This increase in debt is likely to have a negative impact on the National credit rating.
THRIVE
THRIVE is opened to all Malaysian citizens with no evidence of criminal track record and must meet the following criterias:
- Conduct Shariah compliant business activities;
- Has the ability to recruit more employees through nature of activities and/ or through business upscale;
- Has limited financial resources or companies not larger than small and medium enterprise stature. However, priorities shall be given to Muslim and/or Bumiputera individuals and entities.
Go to https://forms.gle/5VzzpAnHwPvS1E4K7 and complete the Application Form. Please do not hesitate to contact our Team if you have further enquiry.
Yes. We require you to place a security deposit of RM50 (refundable) and one-off application fee of RM50 (non-refundable).
Currently, the operational hours are based on normal office hours from 8:00 AM to 6:00 PM, Monday to Friday.
Yes, you can use the THRIVE address as you correspondence address. While we do not charge for this service, you should inform our Team of the same for administration purposes. We also offer runner services, company secretarial services, mail and package handling and other services at reasonable fees - Please talk to our Team for further information on this.
FAQ
Although there are potential assets and the value of the stock is likely to recover, the gap in the value of the shares is too high, ranging from 20% to 90%. The period of time it takes for the stock to recover could take a long time and cause TH not to close the deficit gap in the near future.
The premium rate is required to cover the deficit gap between the value of TH's assets and liabilities as a result of the impairment of TH's investment. SPV is wholly owned by the Government, where under section 24 of the Tabung Haji Act, all deposits will be borne by the Government. It is the Government's responsibility to ensure that TH's financial position can be restored immediately.
SPV are required to acquire TH assets that aredeclining in value and are becoming less competitive. To ensure that TH's financial position can be restored immediately, these assets are transferred at a premium price that exceeds the market value. This is to ensure that the value of the asset will be higher than the value of the liability to be able to make the distribution of hibah and avoid the possibility of a liquidity crisis.
Sukuk has terms that can help the Government's financial flexibility in order to reduce the government's debt burden. Cash injection will put pressure on the Government finances as the Government is forced to make additional loans and the debt burden of the country will increase. This increase in debt is likely to have a negative impact on the National credit rating.
THRIVE
THRIVE is opened to all Malaysian citizens with no evidence of criminal track record and must meet the following criterias:
- Conduct Shariah compliant business activities;
- Has the ability to recruit more employees through nature of activities and/ or through business upscale;
- Has limited financial resources or companies not larger than small and medium enterprise stature. However, priorities shall be given to Muslim and/or Bumiputera individuals and entities.
Go to https://forms.gle/5VzzpAnHwPvS1E4K7 and complete the Application Form. Please do not hesitate to contact our Team if you have further enquiry.
Yes. We require you to place a security deposit of RM50 (refundable) and one-off application fee of RM50 (non-refundable).
Currently, the operational hours are based on normal office hours from 8:00 AM to 6:00 PM, Monday to Friday.
Yes, you can use the THRIVE address as you correspondence address. While we do not charge for this service, you should inform our Team of the same for administration purposes. We also offer runner services, company secretarial services, mail and package handling and other services at reasonable fees - Please talk to our Team for further information on this.