NSTnation: Tabung Haji announced a profit distribution after zakat of 3.05 per cent for the 2019 financial year, with a payout totalling RM2.1 billion.
In a statement today, TH attributed the improvement in its financial performance to sustainable investments and prudent cost management, which led to the substantial growth in profit distribution compared to the previous year.
Additionally, the shift in TH’s investment strategy to more stable investment assets had successfully alleviated the pressure from the volatile stock market following the global trade war, among others. The profit after zakat had taken into account RM86 million allocated for zakat payments to the state Islamic councils in Malaysia and RM370 million for the management and provision of facilities to Haj pilgrims.
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