Monday, October 12, 2009

Tabung Haji deposits at RM23b; 2.25% bonus

The deposit in Lembaga Tabung Haji has come a long way, hitting RM23 billion from a mere RM152,000 donation from the government during its initial set up in 1963.
It also began with the handling of only 5,000 haj performers in 1963, but today it handles about 26,000 pilgrims a year, Prime Minister Datuk Seri Mohd Najib Razak said in Kuala Lumpur yesterday.
"Tabung Haji aims to make 50% of the Muslim population in Malaysia as depositors with the bank. I am confident Tabung Haji will make a reality of this plan in a short time," he said when officiating the new TH logo.
As of July this year, TH had 5.09 million depositors.The prime minister also called on government linked companies (GLCs) to regularly update their business strategies in order to face changes in the global business world. "Today, we are happy that Tabung Haji is launching its new logo which will reflect the dynamism of the company and its readiness to face whatever business challenges in the future," Najib said.
Meanwhile, Tabung Haji has declared a 2.25% interim bonus payout amounting to RM465 million for the first half of its financial year ending Dec 31, 2009 to eligible depositors. The interim bonus payment is the first for TH and will be credited to the accounts of eligible depositors on Oct 5.
In a statement today, TH said that last year, it announced a five percent bonus payout and in 2007, made its maiden special bonus payout of 2% in addition to a five percent bonus payment. TH started paying a bonus to its depositors in 1966 — three years after its inception. In that year, TH made a three percent bonus payment to about 22,000 depositors. — Bernama (Sept 31, 2009)

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