Mujahid confident that TH will pay higher dividends in the future

Minister in the Prime Minister's Department Mujahid Yusof is confident that the Tabung Haji will be able to pay higher hibah (dividend) in future following a restructuring plan.

As such he urged the public especially depositors to have confidence in the pilgrimage fund management.

"I urge the public to continue to remain with Tabung Haji... we have a big plans ahead. This is just the first phase of the restructuring plan. We are charting towards reviving Tabung Haji financial position and we are in the right direction," he told reporters during the Maqasid Syariah Based Governance Programme at the Sultan Salahuddin Abdul Aziz Shah Mosque auditorium in Shah Alam today.

Mujahid said he would issue an official statement on Tabung Haji's latest position during parliamentary sitting tomorrow.

Last Friday, Tabung Haji announced a hibah of 1.25 per cent for the 2018 financial year, the lowest ever dividend payout to its depositors.

Meanwhile Opposition leader Ismail Sabri Yaakob advised Tabung Haji depositors not to panic and to continue keeping their money with the Islamic financial institution.

Ismail Sabry who is also Umno vice-president, said depositors should do their part to defend the institution as an economic jihad for Muslims.

However PAS is repeating its call for a Royal Commission of Inquiry (RCI) or Public Accounts Committee (PAC) meeting to be convened to investigate allegations of misconduct in the management of fund.

Its president, Abdul Hadi Awang, said this would enable every report and recommendation submitted by the National Audit Department, the MACC, the police and Bank Negara Malaysia to be evaluated thereby ensuring Tabung Haji's operational efficiency.

“The focus should be on implementing remedial measures to restore confidence in the integrity of the financial institution," he said in a statement today.

- Bernama