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%.

Need to register your interest with Tabung Haji for performing Haj. They will put you in a queue.

is tabung haji saving compounding?

Does TH allow non-bumi to open a savings a/c?

Malaysian Muslim only. If the non-bumi is Muslim, then yes

The queue for performing Haj is so long. One of my friend is expected to go in year 2045 unless someone died /cancel then maybe can go a bit earlier

Yes.

So long as he/she is Malaysian and a Muslim, Yes.

Was told that the expected date is just that, a rough calculation on when one is going to perform Hajj.

However, do remember that there are other factors as well, including :

[1] Those who are queued to go, but have not enough savings yet.
[2] The person are not ready to go, and thus either pass his/her slot to relatives, or get TH to find replacement.
[3] The person queued is a lady, and am not able to go without a muhrim, so have to forego.
[4] Death/migrate to other countries, which means those who are in waiting list get a chance to go.

And a whole lot of other reasons to.

So the conclusion is, the date might change over the years if there's any sudden changes in the list.
Okay. Thanks

In gist, yes.
There are many factors that may expedite one's turn to perform Hajj

I know what u mean

Tabung Haji 100% shariah-compliant, ASB got some small2 bit on non-compliant one like Maybank (conventional Bank)

TH divvy is already deduct Zakat unlike ASB which unitholder need to pay zakat on they own

I'm not too sure about the claim that ASB invest in Shariah non-compliant sectors.
AFAIK, the ASB is deemed Shariah-compliant.

Yes, that is one of the difference.
However, at the end of the day, if one chooses to pay the Zakat, then the net income would be the same.

Don't get me wrong, ASB is shariah compliant, however if you look at how the shariah board analyse whether or not a certain saham is compliant or not, there is a calculation to what extent the share invests in compliant and non-compliant investment. ASB for example, invests on Maybank, a conventional Bank therefore not shariah compliant, however due to certain reasons and the proportion of its investment coming from Maybank compared to other investments in other places that are syariah compliant, they are able to pass a ruling that it is compliant, which is 100% legit reasoning and calculation.

The difference is, TH is really strict on this cause they dont allow even a bit of non-compliant investment AFAIK. Do correct me if I'm wrong sifus, I'm just saying what I learned so far.

tl;dr: both compliant, TH more compliant.

Another shariah compliant scheme is Amanah Hartanah Bumiputera (AHB). Same like TH divvy, already deduct Zakat

This post has been edited by davinz18: Jul 18 2014, 11:04 PM

But it is different in the sense that AHB is a bit like FD, with minimum amount for deposits/top-up.

Whereas for TH, it works more like savings. Just deposit whatever amount you want, and when you desire.

I'm not so sure that once TH paid zakat and the unitholder needn't pay. Would TH only paid Zakat perniagaan and the unitholder still need to pay separately if their savings meet the requirements (based on duration and $$ amount)?

non malay can invest in TH?

Refer to post # 24

http://haji.tabunghaji.gov.my/th/TH/Soalan...lan%20v2/14.htm

http://www.pakdi.net/adakah-kita-wajib-bay...an-tabung-haji/

you're correct. I totally forgotten about it

tks for the lead

No problem

Have to satisfy both conditions :

[1] Malaysian citizen.
[2] Muslim.


No issue whether Malay/non-Malay.


LOL no worries. Again, I would like to reiterate that AHB works more like FD.
Whereas TH is dividends on savings.

Major differences would be :

There is a fixed amount for deposits/top-up for AHB.
Whereas TH, it depends on depositors to put how much they want.

I am not sure whether there is a lock-in period for AHB,
but for TH, the depositors can take out their savings whenever they wish to do so.

Refer tis link for features of AHB
http://www.maybank-am.com/documents/15019/...28-63680e812d7a

Many thanks for the link.

The topic cropped up because forumers were comparing the merits of putting their
money in TH vs AHB. That is all

Tabung Haji says no investments made in US
http://www.thestar.com.my/Business/Busines...nts-made-in-US/

Hey guys, I was wondering is there any maximum input limit for Tabung haji savings? Like ASB its 200k.

Or is it as mentioned in the quoted above?

No limit as far as I know

You can only declare the amount of zakat paid by you in order to claim for income tax 'rebate'
i think only need receipts to proof the amount of zakat you paid.

Yes. there is no limit to the amount you put in TH account.

Reference: http://www.tabunghaji.gov.my/web/guest/simpanan-akaun-th

Guys, am planning to keep my saving and withdraw most of it coming 1st Jan 2015.

My question is does it going to affect my dividend for this year (assuming I had saved my funds in the entire 2014 financial year)

Eg, I keep 70k all along 2014 but decide to wdraw 65k on Jan 2015. How my dividend is going to be calculated?

Would like to know the answer to above question as well. Is it calculated each day,like dividend/365? or monthly. Or yearly as in if awiekupo withdraws, only 5k gets dividend. Thanks!

TH dividends are calculated based on monthly minimum balance. So if you keep 70k in 2014, you will earn xx% of the dividends payable for each month (divided by 12)

If you withdraw 65k in January, the minimum monthly balance would turn into 5k, so you would only earn your dividends based on 5k for that particular month. It doesn't matter if later in that month you add RM100k into the account to make the blance RM105k, because the monthly minimum is already 5k. In February though, the monthly minimum balance is then RM105k, unless you withdraw part of the units in February

Edit: As a muslim, I do recommend my Muslim friends to invest their money in TH and not ASB. TH offers similar fund performance, zakat already paid for, and most importantly, does not have any shares in non-syariah compliant companies like banks. However, do note that I am not issuing any fatwa, I'm just speaking my mind out.

This post has been edited by wild_card_my: Dec 16 2014, 10:56 AM

Noted with thanks bro. Good to hear that they will give the dividend based on 70k instead of 5k for the 2014 TH dividends.

Lembaga Tabung Haji (LTH) has declared a total bonus payment of 8.25%, comprising 6.25% annual bonus and 2% Haj bonus, for its depositors for 2014

The pilgrims fund reported a record high profit after zakat of RM3.26 billion for the year, a 24% increase from RM2.6 billion a year earlier, and has more than quintupled from its profit in 2006 of RM641 million.

"LTH has made financial history as it has posted a net profit after zakat exceeding RM3 billion. This has been the highest reported profit since Tabung Haji was established 51 years ago," said Minister in the Prime Minister's Office Datuk Seri Jamil Khir Baharom in his speech today.

During the year, the fund's asset grew 13% to RM54.1 billion from RM47.9 billion in 2013, with equities accounting for 46% of its total investments, while loan securities, money markets and other financial instruments, and rental, financing and others accounting for 20%, 13% and 21% of its investments respectively.

That figure 8.25% is VERY misleading. Many financial blogs just quote the 8.25% figure without explanations. The same thing happened last year.

Actually, it's savings X 6.25% for those have done their Hajj, and (savings X 6.25% + (Hajj cost X 2%)) for those who haven't.

*edited - error in previous formula

This post has been edited by elroyrovers: Jan 23 2015, 12:33 AM

and the 2% will give maximum of RM199.60 only
6.25% is the actual dividen

cant wait for my bonus, to be credited 26/1. Alhamdulillah

really I donno about it.
I think most people don't know about it also

how do you find out that 2% to a maximum of RM199.60 only? anyway to find out?

ah, I got it. that makes sense:

http://1-million-dollar-blog.com/tabung-ha...-dividend-2013/

last year Tabung Haji caused an uproar when they declared like this. Those who have gone to Hajj thought they would get 2% less on their savings than those who haven't. Then things quieten down when they found out that the difference is only RM199.60 or less.

6.25% is after deduct zakat simpanan, if not should be 8.75%.. good already.. but of cause paying zakat is depend on you to pay or not..

My book was damagedby water. Tapi to get new one must make report la, Div 1 G officer or Ketua Kg la...So, lazy and never bothered. I have been potong gaji for 200/month since 1995 till now. Eventually I will withdraw. I have already been for the Haj while I was based there.

East Coast Floods?

if lazy to report, surat akuan from Ketua Kg etc., how to get compensation from gomen

u need all these to qualify it

Kereta aku bocor dulu.....Proton maa...

6.25% is ok lah, since its very low-risk, and zakat already paid for.

upgrade to Godcar @ Vios. confirm baik punya.

Many upgrades already leh....

Tabung Haji launches RM200m Al-Ansar Bumiputera fund
http://www.theedgemarkets.com/my/article/t...nd?type=Markets

errr…that one is not quite accurate…actually it's more than that.

have you ever wondered who actually foot the bills for the hajj subsidies each year?

the govt always say that the subsidy is from them.

has TH ever disclosed its DETAILED financial statements to the public? we only know the bonus and extra profit TH is giving to the depositors each year, right?

TH is CASH rich. ever wonder why TH "seem" could never out perform ASB in terms of yearly dividends? i am sure TH fund managers and investment managers are very competent in what they do. but why the lower yearly dividends than ASB? could it be that a "portion" of the dividend is channeled out for "something" else?

food for thought.

This post has been edited by Stamp: Apr 10 2015, 10:43 PM

A new deal for Malaysia - TABUNG HAJI and 1MDB

http://thebenchmark0.blogspot.com/2015/05/...g-haji-and.html

Tabung Haji leaked land deal to be investigated under Official Secrets Act, says IGP
http://www.theedgemarkets.com/my/article/t...ts-act-says-igp

Penyimpan serbu TH

I really worry these might just be the tips of the ice berg.

next week u see.. maybe there's some panic withdrawal

Don't think it would pose much of a risk to KLSE, TH depositor base is small as compared to others. Whether TH has the liquidity to honor the withdrawals is a whole different matter

After TH, we don't know which is the next to buy something from 1MDB.

All those "funds" like TH who are not under regulators such as BNM and SC I guess. I'm just speculating but when you have your own "act" and are not under the purview of regulators, transparency is not exactly a mantra...

Transparency International-Malaysia urges Tabung Haji to be transparent on land deal with 1MDB

http://www.theedgemarkets.com/my/article/t...db?type=Markets

Are all corporate board papers for companies under OSA or just GLC entities?

The act defines an official secret as:

“any document specified in the Schedule and any information and material relating thereto and includes any other official document, information and material as may be classified as “Top Secret”, “Secret”, “Confidential” or “Restricted”, as the case may be, by a Minister, the Menteri Besar or Chief Minister of a State or such public officer appointed under section 2B;”


“(a) any of the public services referred to in Article 132 of the Constitution including any Ministry, any department of the Government, or any Court;
(b) any city council, municipality, town council or local authority;
© any statutory authority exercising powers vested in it by Federal or State law;
(d) any person, tribunal, body, institution or authority whatsoever which may be declared by the Minister, by order published in the Gazette, to be a public service for the purpose of this definition;

Calling it a 1MDB bailout, Dr M says TH land deal must be terminated

http://www.theedgemarkets.com/my/article/c...ed?type=Markets

Penyimpan serbu kaunter Tabung Haji keluar wang, tuntut Azeez letak jawatan
http://www.themalaysianinsider.com/bahasa/...z-letak-jawatan

Tabung Haji to sell TRX land in bid to end controversy
Published: Saturday May 9, 2015 MYT
KUALA LUMPUR: Lembaga Tabung Haji will be selling the parcel of land it purchased from 1Malaysia Development Berhad (1MDB) and expects to seal a deal within a fortnight.
Abduk Azeez said all three offers were at least RM188.5mil but they were selling to buyer who would give them at least RM5mil profit.
Azeez said they received the advice, and not instructions, from Najib on Saturday morning.

http://www.thestar.com.my/News/Nation/2015...sell-land-1mdb/

who is the buyer? kwap or kwsp or .......?

This post has been edited by T231H: May 9 2015, 01:08 PM

No point kwsp buys it from tabung haji. Kwsp needs to buy other things from 1mdb.

cannot buy both or all for "investment" purposes?

This post has been edited by MUM: May 9 2015, 01:19 PM

No problem. It is a musical chair we just ask the next buyer to give 5 million profit to the seller. Kao tim.

http://www.malaysiakini.com/news/297751

This post has been edited by puchongite: May 9 2015, 02:29 PM

yeah right.. Jibby gave "advice"

so now that TH is selling the land in less than 1year.. so TH kena 30% RPGT or exempted because of gomen link

Ya lor RPGT 30%... from capital gain

PAS wants Putrajaya to explain whether Lembaga Tabung Haji (TH) had bought RM1.6 billion of sukuk bonds issued by 1Malaysia Development Bhd's (1MDB) Bandar Malaysia, before buying a plot of land at the Tun Razak Exchange (TRX)
http://www.themalaysianinsider.com/malaysi...-sukuk-asks-pas