The story
Founded by Ungku Abdul Aziz on Sep 30, 1963.1
Lembaga Urusan dan Tabung Haji (LUTH) was founded in 1969 through a merger between Hajj Prospects Provident Fund Corporation (PWSBH) with Hajj Affairs Office based on the idea by Prof Ungku Aziz. Through his study on how the Malay people saved their money for hajj when he was an economic lecturer in Universiti Malaya, he came out with a paperwork for the Federation of Malaya government on 30 September 1959 that aimed to improve the economy of the hajj prospects. The idea was for the people to save money in a shariah-compliance organization and have all of their hajj affairs to Mecca be taken care of by same organization while at the same time getting dividend payout that are free from the elements of usury that can be found in most conventional banking.
In 1995, the name of the Lembaga Urusan dan Tabung Haji was shorten to Lembaga Tabung Haji.
In 2016, Tabung Haji Foundation (YTH) was founded with a contribution of RM7 millions to the program, among others, to implement humanitarian assistance and contribution to the poor, the underprivileged, and the needy.
Starting with RM46,610 deposit from 1,281 depositors on 30 September 1963 under PWSBH, TH in 2017 has recorded a total deposit of RM73 billions from nine million depositors and 125 branches with almost ten thousand 'touch-points' across Malaysia. Outside Malaysia, Tabung Haji has an office in Jeddah that is under the supervision of the Malaysian consulate.
From Wikipedia’s article on Tabung Haji, shared under CC BY-SA 4.0.4