Lembaga Tabung Haji or Pilgrim Fund Board of Malaysia recently announced a 5.5 percent dividend for 2010. The total payout to depositors is RM1.33 billion.
The dividend is 0.5 percent higher than 2009 rate which was 5 percent. Higher dividend was due to the fund’s better financial performance in 2010. In the same period, Tabung Haji recorded a revenue of more than RM2 billion.
The dividend rate for Tabung Haji is very competitive taking into account the profile of Tabung Haji investments which are limited to Syariah compliant investments.