Tabung Haji giving special golden jubilee bonus of RM2.46bil on Feb 10

KUALA LUMPUR, Feb 7 (Bernama) -- Lembaga Tabung Haji today announced a Golden Jubilee bonus comprising 6.5 per cent annual bonus and 1.5 per cent special bonus for financial year ended Dec 31, 2012.

Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/2/8/nation/12686252&sec=nation
Published: February 08, 2013

Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/2/8/nation/12686252&sec=nation
Published: February 07, 2013

Source from (Bernama): http://www.bernama.com/bernama/v6/newsindex.php?id=926694
Published: February 07, 2013

The payment, the highest since its inception fifty years ago, amounted to RM2.46 billion, comprising RM2.13 billion annual bonus and RM325 million special bonus.

Minister in the Prime Minister's Department, Datuk Seri Jamil Khir Baharom, said the payment of RM2.46 billion was arrived at after deducting RM47 million for the payment of zakat.

"This is the best anniversary reward from Tabung Haji in appreciation of the loyalty of the depositors who have faith in saving with the fund," he told reporters after the announcement of the bonus here today.

He said Tabung Haji's financial position was positive and strong and the reserves accumulated over the last seven years had enabled Tabung Haji to give the depositors the special reward. For financial year ended Dec 31, 2011, Tabung Haji declared an annual bonus of six per cent.

Jamil Khir said Tabung Haji has managed to record earnings of over RM2 billion for the past three years since 2010 and the net profit for the first time exceeded RM2 billion after successfully recording about RM1 billion for the past five years since 2007.

"The profit, after zakat payment and taxes, exceeded RM2.1 billion for the first time compared with RM1.7 billion in 2011, an increase of 27 per cent.

"The profit represented over three-fold increase over that in 2006," he said.

This has resulted in value creation of RM9.2 billion for the depositors' fund since 2006, he said.

Meanwhile, the number of depositors had increased to 8.2 million and the accumulated fund has grown to RM35.8 billion, up 17 per cent and 13 per cent respectively compared with seven million depositors and RM31.7 billion in accumulated fund in 2011, he said.

He said the increase in fund size and number of depositors showed the faith and confidence the depositors had in Tabung Haji.

Jamil Khir said Tabung Haji's total investment assets in 2012 recorded a 22 per cent increase to RM38.4 billion from RM31.4 billion in 2011.

This positive development was due to tactical investment allocation and the consistent funding from the depositors, he said.

He said in 2012 Tabung Haji earned RM1.7 billion from investment in shares, of which RM1.2 billion was from trading in shares and RM530 million from dividends.

"The second biggest contributor was from investment in debt securities like Islamic bonds which contributed RM516 million," he said.

Meanwhile, depositors could check the credit of the bonus at Tabung Haji counters, automated teller machines of the fund's strategic banking partners -- Bank Islam, Bank Rakyat and Maybank Islamic -- from Feb 10.

-- BERNAMA