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20-548: Prior to the establishment of Lembaga Tabung Haji, there was no Islamic financial institution that provided services to the Muslim in Malaysia to save for hajj expenses. 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

40-686: A Mabrur Hajj. The idea to set up the Prospective Hajj Pilgrims Savings Corporation (Perbadanan Wang Simpanan Bakal-bakal Haji (PWSBH)) was triggered by a proposal made by the renowned Malay economist, the Royal Professor YM Ungku Abdul Aziz in December 1959 to the Federal Government of Malaya. The first step was taken with the establishment of PWSBH under Law No. 34, 1962, in 1963. The corporation

60-706: A list of central bank governors of more than 50 key countries. Zeti was named the recipient of Central Banking's Lifetime Achievement Award in 2016. She receives The Royal Award for Islamic Finance in honouring the excellence service in Islamic Finance on 3 October 2018. Zeti who was the Chairman of the Asian Institute of Finance has also receives the William “Bill” Seidman Award for Lifetime Achievement in Leadership in

80-401: A total savings of RM 46,610. Their main objective then was to ensure that their savings were secure and free of usury to enable them to fulfill the fifth Five Pillars of Islam and to attain a Mabrur Hajj. Dividend and bonuses were not in the mind at all, at that time. The confidence displayed by the prospective pilgrims drove PWSBH to continue upgrading its services to ensure that it fulfilled

100-782: Is a subsidiary of Tabung Haji and involves in ICT service provider. The company listed on the Second Board of the Kuala Lumpur Stock Exchange in 1994 and moved to the Main Board in 1999 of the Bursa Malaysia Securities Berhad. Ungku Abdul Aziz Ungku Abdul Aziz bin Ungku Abdul Hamid (28 January 1922 – 15 December 2020) was a Malaysian economist and university professor. He was the 3rd Vice-Chancellor of

120-734: The University of Malaya from 1968 to 1988 and the 1st General Director of the Council on Language and Literature of Malaysia from 1956 until 1957. He was the first to be awarded the title of Royal Professor ( Profesor Diraja ) in 1978. He was born into the Johor Royal Family . His father, Ungku Abdul Hamid Ungku Abdul Majid was a Malayan prince and military officer. He was a cousin of Syed Muhammad Naquib al-Attas and Syed Hussein Alatas as well as Sultan Ibrahim of Johor on his father's side. His father

140-661: The Department of Economics at the University of Pennsylvania (Penn) , an Ivy League university in Philadelphia , receiving a PhD in monetary and international economics in 1978. As part of her PhD dissertation , she carried out pioneering work on capital flows and its implications for monetary policy. Zeti began her career as an economic analyst for the South-East Asia Central Bank Training & Research Center, remaining at that post from 1979 to 1984. She

160-585: The Far East). On 17 June 1978, he was awarded the rank and title of Royal Professor ( Profesor Diraja ) by the Yang di-Pertuan Agong of Malaysia and he was the only person in Malaysia to hold that rank. Ungku Aziz died in Prince Court Medical Centre, Kuala Lumpur at 4:30 in the evening due to old age. He was 98 and was survived by his wife, Rahaiah Baheran and his only daughter, Zeti Akhtar Aziz . He

180-509: The Financial Services Industry for 2018. On 12 May 2018 just after the 2018 general election (GE14), the new Pakatan Harapan (PH) ruling coalition Prime Minister Mahathir Mohamad announced that Zeti was appointed as one of the members of the Council of Eminent Persons (CEP) to serves as advisors to the new PH government. She joined Daim Zainuddin , Robert Kuok , Jomo Kwame Sundaram and Hassan Marican . The purpose of

200-544: The position. Zeti was one of the members of the Council of Eminent Persons (CEP) in Mahathir's second administration, a special advisory council advising the government on economic and financial matters during this transitional period. Zeti Akhtar Aziz was born in Johor Bahru, Johor on 26 August 1947; to father Ungku Aziz , who is of Malay , Circassian and English descent, and mother Sharifah Azah Mohamed Alsagoff, who

220-587: The prestigious International Monetary Fund after the position became vacant following the resignation of Dominique Strauss-Kahn who was arrested in New York, and is presently facing sexual assault charges. In 2013, she was again accorded “Grade A” among the heads of central banks for the 10th time by the Global Finance magazine. She was awarded alongside Philippines’ central bank governor Amando Tetangco, Jr. and Taiwan's Central Bank Governor Perng Fai-nan , from

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240-645: The ‘fardu kifayah’ (religious duty of collective obligation). Since then, PWSBH continued to intensify efforts in attracting more Muslims to use the savings facility provided by the government to ensure that their savings were always ‘halal’ and safe. In 1969, to further strengthen its role in coordinating the expending savings and hajj management, PWSBH was merged with the Hajj Affairs Management Office (Pejabat Urusan Hal Ehwal Haji) which had been in operation since 1951 in Penang. This newly set up organisation

260-479: Was laid to rest at the Bukit Kiara Muslim Cemetery , Kuala Lumpur. Several places were named after him, including: Zeti Akhtar Aziz Ungku Zeti Akhtar binti Ungku Abdul Aziz (born 27 August 1947) was the 7th Governor of Bank Negara Malaysia , Malaysia 's central bank. She served as Governor from 2000 to 2016, and was the first woman in the position and at 16 years, the longest to hold

280-686: Was named Lembaga Urusan dan Tabung Haji (LUTH) and was later renamed as Lembaga Tabung Haji in 1995, known as Tabung Haji or by its acronym TH. With the establishment of TH, the affairs related to Malaysians’ hajj pilgrimage became much easier and well-organised. Malaysian Muslims who are making their maiden trip to the Holy Land would have nothing to worry about because TH looks into all their needs including matters related to passport, hajj visa, transportation, accommodation in Makkah, Madinah, Mina, and Arafah as well as healthcare and hajj guidance. Theta Edge Berhad

300-677: Was of Hadhrami Arab and Malay descent. Her father Ungku Aziz was an economist and former vice-chancellor for the University of Malaya from 1968 to 1988. He received the title "Royal Professor". She received her early education at the Assunta School, Petaling Jaya in 1964. She then completed her Form 6 in St. John's Institution, Kuala Lumpur . In 1970, she received a bachelor's degree in Economics from University Malaya . She continued her studies in

320-828: Was of Malay and Turkish -( Circassian ) descent, while his mother was English. He graduated from the English college at Johore Bahru and the Malay school in Batu Pahat . He received Diploma in Arts from Raffles College, Singapore (now University of Malaya ) and Bachelor of Arts in economics at University of Malaya, Singapore (now University of Malaya in Kuala Lumpur) in 1951. He then defended his doctoral dissertation in Waseda University (Tokyo, Japan) in 1964. His daughter, Zeti Akhtar Aziz ,

340-619: Was promoted to vice-chancellor of this university. He was the first Malaysian to become the vice-chancellor of University of Malaya . On his initiative, the university created the Botanical Garden, the Museum of Asian Art, the cooperative bookstore. He is the author of the economic justification of a number of industrial projects, more than 50 books and monographs on social and economic problems of Malaysia, consultant to UN specialized organizations ( ILO , UNESCO , UN Economic Commission for Asia and

360-537: Was the former governor of Bank Negara Malaysia , Malaysia's central bank . He worked in the state administration of Johore , in 1952–1961 as a lecturer at the University of Malaya (Singapore), with a one-year break, when he headed the Council on Language and Literature of Malaysia. In the years 1962–1965, he was a professor and dean of the Faculty of Economics of the University of Malaya (Kuala Lumpur), while in 1968–1988, he

380-688: Was then appointed Deputy Manager of the Economics Department at Bank Negara Malaysia . In 2009, Global Finance named her as one of the world's best central bank chiefs. In 2010 during the national-level Ma'al Hijrah celebrations held that year, the Malaysian government had awarded her the title of "Tokoh Ma'al Hijrah 1432H" ("Figure of the New Year 1432AH"). On 20 May 2011, Bloomberg columnist William Pesek had picked Zeti, during her post as Bank Negara governor, as one of his top four nominees to head

400-479: Was under the purview of the Ministry of Rural Development. Beginning 30 September 1963, PWSBH created history by opening counters to collect deposits from prospective hajj pilgrims in the country. Malaysian Muslims were taught at an early age on the need to save in a Shariah-compliant organisation to prepare for their hajj. When operations began in 1963, a total of 1,281 prospective pilgrims opened their accounts with

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