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TH needs to clear audit process before announcing 2016 dividends

KUALA LUMPUR: Tabung Haji (TH) needs to ensure all its preliminary audit processes are complete, apart from obtaining an internal approval before announcing the dividends or bonuses to its depositors.

The TH Public Affairs and Corporate Communications Division through a statement on its Facebook page today said, TH believed its asset allocation strategy would be able to help its return on investment, even though 2015 was seen as a challenging year.

“We would like to urge all Muslims in the country as well as TH depositors not to make any speculation with regard to the announcement date for the TH Depositors’ Bonus,” the statement said today.

The statement said TH would usually announce the bonus within the first quarter (Jan-Mar) of each year, adding that it had previously been announced even in late February and early March.

A news portal today quoted Parti Amanah Negara (Amanah) vice-president Datuk Dr Mujahid Yusof Rawa as claiming that TH should have announced the dividends on Jan 22 as was done last year.

However failing to do so had raised questions of whether the body had made enough profit to be shared with some nine million depositors. --Bernama

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