KUALA LUMPUR, 17 March 2025 – Lembaga Tabung Haji (TH) has declared a 3.25% profit distribution after zakat for the financial year 2024 — marking the highest return to depositors in seven years, since 2018. The total distribution amounts to RM2.92 billion, benefiting a wide base of 9.54 million Malaysian depositors.
This announcement reinforces Tabung Haji’s role as a financially sound Islamic savings institution, particularly for Muslims saving for Hajj and investment purposes.
What Tabung Haji Represents
Established in 1963, Tabung Haji is a unique Malaysian Islamic financial institution that enables Muslims to save systematically for the pilgrimage to Mecca (Hajj), while their deposits are invested in Shariah-compliant ventures.
In recent years, TH faced public scrutiny over governance and financial management. However, strong reforms and prudent investment strategies under the government’s restructuring plan have gradually restored depositor confidence.
Financial Overview and Performance in 2024
TH Chairman Tan Sri Tunku Puteri Intan Safinaz Tuanku Abdul Halim Mu’adzam Shah said the dividend rate reflected the institution’s strong financial performance and its commitment to value creation for depositors.
“Despite global economic headwinds, we have stayed on course with a disciplined investment strategy, prioritising risk management, stable returns, and Shariah compliance,” she said.
According to Tabung Haji’s financial statement:
- Total profit before zakat for 2024 was RM3.3 billion
- After zakat, the distributable profit stood at RM2.92 billion
- Investment returns were primarily driven by fixed income assets, equities, and Islamic real estate funds
The return exceeds that of 2023, where the dividend was 3.10%. This steady upward trend underscores the success of Tabung Haji’s investment approach and risk-adjusted asset management.
Distribution Mechanism and Accessibility
Depositors can check their profit distribution, credited directly into their accounts, starting Sunday, 23 March 2025 via:
- THiJARI online portal
- All Tabung Haji branches
- Partner banks’ digital and counter platforms: Bank Islam, Bank Rakyat, Maybank Islamic, CIMB Islamic, AmBank Islamic
The use of multiple digital and conventional channels ensures accessibility for depositors across urban and rural Malaysia.
Public Confidence and Reaction
The announcement has been well-received by the public, particularly among long-term depositors and prospective pilgrims. Meanwhile, financial analysts noted that the 3.25% dividend is competitive, especially amid low global interest rates and volatile market conditions.
National Impact and Economic Significance
This dividend payout injects nearly RM3 billion into the domestic economy, supporting household consumption and reinforcing trust in Islamic finance institutions.
It also reflects Malaysia’s financial recovery post-COVID-19, as well as the strength of syariah-compliant investment frameworks in delivering value to a broad demographic.
Governance and Sustainability Commitments
TH Group Managing Director and CEO Datuk Seri Amrin Awaluddin reaffirmed the board’s commitment to:
- Sound governance
- Investment diversification
- Syariah-compliant transparency
- Sustainable performance
“This milestone dividend is a result of long-term reforms. Our focus remains on protecting depositor interest while achieving steady, ethical growth.”
A Renewed Era for Tabung Haji
Tabung Haji’s 2024 dividend announcement marks a positive turning point in the institution’s journey. After years of restructuring and reform, it has reasserted itself as a trustworthy financial platform for Malaysian Muslims.
With stable governance, prudent investment, and strong public trust, Tabung Haji continues to fulfil its mission: to empower Malaysians to perform Hajj while promoting financial inclusion, growth, and Islamic values.
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