KUALA LUMPUR, 24 Feb 2022 - Lembaga Tabung Haji (TH) has announced a profit distribution of 3.10 per cent (after zakat) which will benefit more than 8.4 million depositors for 2021 involving a total distribution of RM2.46 billion. The total profit distributed for 2021 is RM219 million higher than the RM2.24 billion that has been distributed for the financial year 2020.

This profit distribution is after taking into account the zakat paid on behalf of the TH depositors. TH depositors no longer need to pay zakat on their savings and profit distribution received.

This profit distribution is competitive considering the factors of; among others, the distribution rate for 2021 is higher than the average fixed deposit rate of Islamic banking for a period of 12 months, which is 2.36 percent. The rate has taken into account the zakat allocation of RM107 million which will be paid to all State Islamic Religious Councils on behalf of the depositors.