KUALA LUMPUR—Daim Zainuddin, Malaysia’s former Finance Minister, passed away on 13 November 2024 at the age of 86. His lawyer, Gurdial Singh Nijar, confirmed the news, stating the funeral would take place on the same day. Daim’s death has prompted reflections on his significant impact on Malaysia’s financial landscape.
Legacy as Finance Minister
Daim Zainuddin served as Finance Minister in two key terms—from 1984 to 1991 and again from 1999 to 2001—under the premiership of Mahathir Mohamad. His leadership during this period was pivotal as he played a crucial role in shaping Malaysia’s economic policies.
Recent Health Challenges
In recent weeks, Daim had been in the Intensive Care Unit (ICU) following a stroke. Although the exact cause of death is still being determined, reports indicate he had been struggling with health issues prior to his passing.
Legal Troubles
This year, Daim faced legal scrutiny as he was charged with failing to disclose assets under Malaysia’s anti-corruption law—a case that highlighted the ongoing fight against graft in the country. He pleaded not guilty to those charges, which made him one of the highest-profile figures involved in Malaysia’s anti-corruption efforts.
Final Thoughts
As tributes pour in, many are reflecting on Daim’s complex legacy—marked by both his contributions to Malaysia’s economy and his recent legal challenges. His passing marks the end of an era for Malaysian finance and governance.