Tabung Haji targets over 50pc of Muslims as depositors by end 2024

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Tabung Haji targets over 50pc of Muslims as depositors by end 2024
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KUALA LUMPUR, Sept 29 ― The Lembaga Tabung Haji (TH) aims for more than 50 per cent of Muslims to have a TH account by the end of next year. Minister in the Prime...

KUALA LUMPUR, Sept 29 ― The Lembaga Tabung Haji aims for more than 50 per cent of Muslims to have a TH account by the end of next year.

“From only 1,281 depositors with savings of RM46,610 at the beginning, TH now has almost nine million depositors with total savings of over RM89 billion, among the highest since its establishment 60 years ago,” he said. Mohd Na'im said that TH, after going through various evolutions, managed to grow rapidly and is an Islamic institution with extensive experience in Haj management and Shariah-compliant fund administration that is an inspiration to other Muslim countries.According to him, through the HIJRAH24 Strategic Transformation Plan which was introduced in early 2022, TH has increased the fund size by RM5.7 billion, from RM83.3 billion to RM89 billion.

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