Tabung Haji will transfer around RM19.9 billion in assets, including its land in the 1MDB-linked Tun Razak Exchange (TRX), to a special purpose vehicle under the Finance Ministry.

According to Tabung Haji CEO Zukri Samat, these underperforming assets will be managed by the SPV for seven years.

"We bought that land (in TRX) for RM196 million, and until now we haven't gotten any returns...