Tabung Haji

Tabung Haji Announce 5% Dividend for 2009

Tabung Haji

On 3rd February 2010, Tabung Haji announced that its depositors will received 5 percent dividend for the year of 2009. The dividend rate is similar to year 2008. The historical dividend rate for the past 12 years can be found here.

Tabung Haji paid 2.25 percent interim dividend in October 2009. The remaining 2.75 percent dividend will be paid to depositors on the 8th February 2010. If a comparison is made between the rate of returns of commercial banks for fixed deposits or savings, it is obvious that the Tabung Haji return is much better.

For Muslim, they are not require to pay tithe on the deposit amount. So the gross return is 7.5%, which is close to ASB, which pays 8.55 percent for year 2009.

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