Hello Sifu(s),

Just wanted to know anything good about savings in Tabung Haji. Some claim it is better than ASB? Is it true?
Let's discuss.

Thanks.

finally a thread about tabung haji savings. For once, zakat already been paid off by TH before interest+bonus is declared. You don't need to pay Zakat already on the TH saving. I might be wrong, but this is what i remembers.

Please share about TH saving!!

Good to have a dedicate thread for TH savings, before this got some discussion about TH savings on ASNB thread.

Anyone knows how the TH dividen calculated?

now tabung haji goes on9..

http://www.mytaha.com.my/

Thanks to the opener thread.

Before I further to TH, just wanna ask for who has xperience before that how to:
1. Procedure to get back saving from parents has gone (both passed away)
2. On their saving acc put my name as " pemegang amanah" is it I can easy to get this money. I mean not a lot of birokrasi.
3. What I understand, kwsp and th is not a much procedure like asb.

Last nite, all siblings agree to put all parents cash saving to anak yatim house.

~love your parents b4 they go foreva~

Only applicable to bumi right?

I guess it only applicable for muslims..

its applicable to all muslim regardless of bumi or non-bumi

Benefits
1) Syaria compliant
2) Competitive divident. ASB is better but TH already paid zakat(tithe) for the savings

3) No tax
4) No maturity period(as opposed to FD/Trust)
5) No limit(as opposed to PNB portfolio)

As Muslim must go to Mecca for Hajj someday, saving in TH is a almost compulsory. At least RM1,300 for hajj registration to get into the waiting list. Last year waiting list is already up to 2047. So I think, TH is really good alternative to ASB for Muslims interested in low risk low return investment. Saving with TH is much simpler than TH already provide their own online platform and collaborate with few banks(CIMB/MBB/BIMB etc) in Malaysia to allow direct deposit online and through ATM. EPF also allow us to use EPF savings to register for hajj.

+1. To be specific,
1) Muslim and
2) Malaysian citizen or Permanent Resident

Frequently Asked Questions
New account
Withdrawal
Savings

Same as ASB iinm
Average minimum monthly balance / 12 x divident
Example calculation for 6.5% dividend

But I'm not sure how they'll pay the dividend though

This post has been edited by petirbuas: Aug 19 2013, 12:26 AM

yes, it's true..zakat paid off already..

Zakat is paid.

But how to declare the amount of zakat paid by Tabung Haji to get exemption from Income Tax???

If can't get exemption, have to pay zakat then pay income tax. all money gone.

I have no issue on paying zakat. but i want to declare them so i can get exemption from income tax.

anybody knows???

Dr M asks Tabung Haji to invest in hi-tech industries

Tun Dr Mahathir Mohamad today asked the Pilgrims Fund Board (Tabung Haji) and other funds to invest in high technology industries.

The former prime minister said Malaysia has many funds with huge capital amounting to billions of ringgit but most of their investments are focused on building skyscrapers.

"Actually, investing in sophisticated industries can better help us to realise our vision of becoming an advanced nation," he said

Dr Mahathir said constructing highrise buildings without using high technology while using foreign workers would eventually "result in the outflow of income from our country."

"If we venture into high technology industries, we can utilise our engineering and scientific expertise to give higher salary in tandem with the government's plan to transform Malaysia into a high-income nation," Dr Mahathir told a media conference after delivering a keynote address at the 6th Corporate Directors' Seminar hosted by Tabung Haji.

Dr Mahathir, said the benchmark of an advanced nation was not merely the per capita income and gross revenue of a nation but also the aspect of sophistication and technological advancement of a nation.

Pelaburan TH tidak patuh syariah?
http://www.utusan.com.my/utusan/Rencana/20...k-patuh-syariah

can we put more money if it has already reached the figure to qualify to perform haji?

why don't u ask directly to TH Branch

yes u can

I don't think you can. Its your savings not income.

Yes, you may.

The tabung is mainly for those who are saving up for Hajj.
But it also a good investment vehicle, as it gives good dividend annually.

But usually the dividend payout is like this.


e.g.
TH declares 6% dividend + 2% bonus for period ending 31 Dec XX.

This is how it works.

All depositors are entitled to the 6%. ALL.

However, the bonus dividend [as per my example, it is 2%],
is given ONLY to those who still does not have sufficient amount to perform Hajj [as of 2O14, it is RM1Ok].


put simply:
Enough saving to perform Hajj : get 6%
Not enough savings yet? : get 6% + 2%.