Tabung Haji’s biggest mistake was venturing into sophisticated, high-risk investments without possessing the institutional expertise required to manage such a portfolio, economist Prof Dr Barjoyai Bardai said. “Tabung Haji simply does not have the expertise to undertake investments of that nature. It was never set up to become an investment management company like PNB,” Barjoyai said when contacted. “Tabung Haji, however, did not appear to have an optimal portfolio structure. READ MORE: RCI Bombshell: How Did Tabung Haji Pay Bonuses While Losing Money?