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.
The total payout that Tabung Haji will give to its depositors for 2009 dividend is RM1.1 billion. In that year, Tabung Haji recorded a revenue of RM1.7 billion and RM1.1 billion in profit after paying tithe. RM39 million was allocated to pay business tithe and the rest is to cover the operating cost.
The main profit for 2009 were come from from stock market (49%), dividend (19%), Islamic bond (10%), money market (8%), rental income (7%), property sales (5%) and the remaining 2% is from other activities.
The accumulated depositors’ savings in Tabung Haji at end of 2009 is RM23 billion, up from RM20.6 billion at the end of 2008.