07 Feb '18, 6am

TH announces higher Hibah

TH announces higher Hibah

Tabung Haji announces higher Hibah and Bonus for depositors, amidst higher cost of operations and impairment of some loss making investments. That is a good sum, for over 9 million TH depositors and aspirant pilgrims. TH currently managing a savings scheme under the Wadiah principle, of over RM70b worth of funds. It is an increase of 5.88% for Annual Hibah and 16.67% for Hajj special Hibah over previous year’s. The Gross Income is RM4.5billion. For the last financial year, TH provided RM296m in subsidy against direct cost of performing Hajj, so that the charge for pilgrims could be maintained at RM9,980. Include this year’s Hajj season, TH would have subsidized over RM1.5b in direct cost , for over 215,000 pilgrims muasassah scheme. The subsidy had been raised from profits derived from shariah compliant investments. Overall subsidiary contributed RM1.156m or 26% of total i...

Full article: https://bigdogdotcom.wordpress.com/2018/02/07/th-announce...

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