Increase in dividends to come after Tabung Haji revamp

Filepix take on April 15 shows Deputy Minister in the Prime Minister’s Department Fuziah Salleh speaking at the Kuala Lumpur Konvensyen Centre. — BernamaLembaga Tabung Haji depositors can expect a much higher hibah payout next year following the restructuring and rehabilitation of the pilgrim fund.

This meant the historic low dividend payment of 1.25% issued by the fund in April for the 2018 financial year would be a thing of the past. “But now that we have completed the restructuring and rehabilitation process, inshaallah depositors will be promised a much higher hibah next year,” she told the Dewan Rakyat, here, yesterday.

Prime Minister Tun Dr Mahathir Mohamad had explained that funds “misappropriated” from TH’s management under the Barisan Nasional administration had affected the pilgrim fund’s ability to pay out the hibah.

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