Business Local

The things Tabung Haji does for pilgrims

Tabung Haji Building

Ahirul Ahirudin
Written by Ahirul Ahirudin

KUALA LUMPUR – January 25, 2018: Ever wondered how much the Lembaga Tabung Haji (TH) subsidises a Malaysian pilgrim?

Last year, it was IRM 9,570 for every prospective Haji or Hajah.

And did you know how much TH has spent since 2009 to subsidise these pilgrims from Malaysia?

More than a billion ringgit.

RM1.107b, to be exact.

Did you also know that despite the ever-increasing cost of performing the haj, Malaysian pilgrims have been paying the same rate – RM9, 980 per pax – since 2009?

Well, now you know.

Founded in 1963, TH is the pioneer Islamic financial institution whose core business is to facilitate Muslims’ community savings for hajj and umrah.

It has over nine million depositors and manages over RM70 billion in deposits.

Aside from their core business, TH also credits its depositors with a Syariah-compliant dividend called ‘hibah’ payments.

These hibah payments are a result of syariah compliant investment by TH in an effort to provide additional value for TH depositors. 

TH hibah rates have been very competitive over the years and some consider it as a viable investment alternative to Amanah Saham Bumiputera (ASB).

But TH is not another ASB for Malaysians.

TH manages and enriches depositors in line with the company’s yearly financial performance.

Better performance means better returns for the depositors, which in turn brings them closer to their dream of performing the Hajj.

And while ASB’s primary goal is to enrich the depositors, TH’s aim is to make life easier for pilgrims now and in the future by providing services, facilities and also subsidies for the pilgrims.

Besides subsidies, TH also provides chartered flights, comfortable accommodation in the holy land, transportation, and food and beverages make pilgrimage a more convenient affair.

TH also pays attention to pilgrim’s health by providing doctors, specialists, dentists, physiotherapists and also dedicated hospital facilities.

Of course, TH also provides courses on how the Haj is performed.

Comments

comments

About the author

Ahirul Ahirudin

Ahirul Ahirudin