Tabung Haji dividends for 2023 to be announced in April, says minister

 

Last year, Tabung Haji announced a profit distribution for the 2022 financial year at a rate of 3.1% and distributed RM2.65 billion to over 8.7 million depositors.

KUALA LUMPUR: The announcement on the Tabung Haji (TH) dividends for the 2023 financial year is expected to be done in April only after a full audit has been conducted, says religious affairs minister Na’im Mokhtar.

Na’im said this followed the decision by a royal commission of inquiry (RCI) for the board to conduct a comprehensive audit before any dividends are distributed. The RCI was previously established to investigate TH’s management and operational issues from 2014 to 2020.

When asked if there would be good news for depositors in terms of dividends this year, Na’im said he was hopeful that TH would find the right balance in giving a reasonable dividend amount without compromising its financial assistance to haj pilgrims in the B40 and M40 groups.

“If we give high dividends, it will reduce financial aid to B40 and M40 haj pilgrims.,” he said.

Last year, TH announced a profit distribution for the 2022 financial year at a rate of 3.1% after considering zakat at 2.57%. TH distributed a total of RM2.65 billion to over 8.7 million depositors. - FMT