Depositors still have confidence in Tabung Haji, says CEO

Mohd Farhan Darwis Mohd Farhan Darwis Updated 7 years ago · Published on 15 Jan 2019 1:45PM · 2 Comments

Tabung Haji CEO and group managing director Zukri Samat says the pilgrims' fund is still growing despite a spate of bad news. – The Malaysian Insight pic by Afif Abd Halim, January 15, 2019.

TABUNG Haji depositors still have confidence in the pilgrims’ fund despite the recent spate of reports of mismanagement, said chief executive officer and group managing director Zukri Samat.

The agency registered an increase of RM1 billion in deposits as of December 2018 despite an RM4.1 billion deficit in its 2017 financial year.

“Withdrawals of deposits were RM73.5 billion in December 2018 but at the same time, RM74.5 billion of new deposits were recorded,” he said at a press conference at the TH headquarters in Kuala Lumpur today.

“At that time, a total of 31,580 new depositors’ accounts were opened. We didn’t see large-scale withdrawals even when the issues about TH were circulating,” he said.

Last year, Minister in the Prime Minister’s Department in charge of religious affairs Mujahid Yusof Rawa said the distribution of hibah from 2014 to 2017 contravened the Tabung Haji Act 1995, causing the agency to experience a deficit of RM4.1 billion.

Then TH chairman Abdul Azeez Abdul Rahim denied the matter. – January 15, 2019.

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Comments

  • I thought TH is insolvent? What dividend payment? They should appoint PWC or some accounting firm to matters in order before it is feasible again.. With such huge debts, the CEO can still talk about declaring dividends for 2018! Where is this CEO from?

    Posted 7 years ago by Kampung Boy · Reply

  • Too good to believe and accept. The fallacy is in the speech itself. 73.5 billion withdrawn and 74.5 billion deposited at the same time in December. Give it the benefits of doubts that it is for a whole year and that is also a far fetched. 74.5 billion / 31580 depositors = 2,359,088 mil per depositor per year. hm...... Very very very rich ???? what a bull computation or was he misquoted as usual.

    Posted 7 years ago by Lee Lee · Reply