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Funding hope for the future, one ringgit at a time

Published on 13 June 2018|
2 min read

As of today, Tabung Harapan or the Hope Fund has raised a staggering RM65 million!

When the Ministry of Finance first stated the country’s debt to be at RM1 trillion, Malaysians were aghast. The staggering sum is hard enough to compute (1,000,000,000,000 – yes, 12 zeroes); harder still to imagine we’re that deep in debt.

In the spirit of patriotism, many started asking how they could help repay the country’s debt. Nik Shazarina Bakti, a legal officer with Sisters in Islam, then started a crowdfunding campaign to reduce the national debt. Soon, the government realised Malaysians are up for more than just turning out to vote; they’re in to save their country.

RM7 million raised in less than 24 hours

On May 30, Prime Minister Tun Dr Mahathir Mohamad launched Tabung Harapan Malaysia, a fund for individuals to donate directly to the government for the sole purpose of reducing national debt. Less than 24 hours later, more than RM7 million had been raised.

Finance Minister Lim Guan Eng / Credit: Iluminasi

The Finance Ministry is overseeing Tabung Harapan, and every donation counts no matter how small. Finance Minister Lim Guan Eng stated the fund has no minimum contribution. “We are humbled by the magnanimity of Malaysians who have been channelling non-stop funds to help the Government repay the national debt of over RM1 trillion,” Lim said as reported in The Star.

The Malaysian Association of Tour and Travel Agents (Matta) recently announced that it would donate RM1 for every visitor at the upcoming Matta Fair in Kuala Lumpur (7-9 Sept 2018). The country’s largest annual travel fair boasts around 100,000 visitors each year.

Mah Sing Group Sdn Bhd also released a statement yesterday stating a donation of RM3 million to Tabung Harapan. Its Group Managing Director Tan Sri Leong Hoy Kum said that as a public listed company “growing with the nation and serving the people’s needs“, the group was happy to be a part of this initiative.

Going beyond Malaysian shores

We may have thought that only those living in Malaysia would want to contribute, but recent months have shown that even Malaysians living overseas have not forgotten their roots. Last week, the Malaysian-born mayor of Kapiti Coast in New Zealand made a personal contribution to Tabung Harapan.

Credit: The Dominion Post

In a press statement, K Gurunathan announced a donation of NZD 1,000 and urged others living overseas to do the same. The former journalist claimed there are 700,000 to 1 million Malaysians living across the globe, with 18,000 in New Zealand.

How to donate to Tabung Harapan

If you’re looking to make a contribution, you can deposit or transfer your donation to Maybank Account No: 566010626452. Please note only Malaysian ringgit is accepted.

Both the Treasury Department and Auditor-General’s Department will be auditing Tabung Harapan. Lim clarified that all donations are tax deductible, so make sure to keep your receipts if you do donate to the fund.

The Finance Ministry updates the amount donated every day: click here to see how much has been donated so far!

It’s a digital world, and we’re not slowing down. Did you know the teenager today spends an average of nine hours every day on social media?

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