Kuala lumpur: The government consistently services its debts, ensuring that obligations such as Malaysian Government Securities (MGS) and Treasury bills are repaid, Finance Minister II Datuk Seri Amir Hamzah Azizan emphasized. This assurance was made in response to concerns about the government's ability to honor guarantees for sukuk issued by Urusharta Jamaah Sdn Bhd (UJSB). According to BERNAMA News Agency, Amir Hamzah clarified that UJSB, a special purpose vehicle established on December 14, 2018, manages assets transferred from Lembaga Tabung Haji (TH). He explained that the government restructured TH's zero-coupon bond sukuk into sukuk with annual profit distributions, addressing payment obligations for the RM27.5 billion sukuk issued by UJSB. Initially, the sukuk was structured as a zero-coupon bond with returns received at maturity. The sukuk, issued at RM19.6 billion, matured at a value of RM27 billion, marking an RM8 billion return to TH. Amir Hamzah highlighted that these returns enabled TH to fun d its annual hibah payments. The first sukuk offered a return of about 4.05 percent, while Sukuk 2 provided approximately 4.1 percent. The restructuring allowed for higher hibah payments and better returns than those from government-issued securities, ensuring sufficient and improved returns to TH. The Royal Commission of Inquiry (RCI) report recommended converting zero-coupon bonds into cash payments. Consequently, Sukuk 1 and Sukuk 2 were restructured to pay annual coupons, offering a 3.86 percent return-higher than the roughly 3.6 percent return on government securities. For Sukuk 3, Tabung Haji receives an annual return of about RM440 million.