TABUNG Haji (TH) has announced an income distribution after zakat of 3.05% for the 2019 financial year (FY2019) with a payout totalling RM2.1 bil, compared with RM913 mil distributed in FY2018.
TH attributed the improvement in its financial performance to sustainable investments and prudent cost management, which led to the substantial growth in income distribution compared to the previous year.
“The incomes from TH’s investments are more stable, with fixed income investment assets accounting for 58 per cent or RM1.9 billion of the profits, while real property and equity investments, as well as Islamic money market instruments contributed RM500 million (15 per cent), RM500 million (15 per cent) and RM400 million (12 per cent) respectively,” said TH in a statement today.
Additionally, the shift in TH’s investment strategy to more stable investment assets had successfully alleviated the pressure from the volatile stock market following the global trade war, among others.
