KUALA LUMPUR: Lembaga Tabung Haji’s (TH) financial position remains stable with total assets exceeding total liabilities by RM3.68bil for the financial year ended Dec 31,2020.
Total assets stood at RM81.85bil and total liabilities were RM78.17bil, the pilgrims fund board said yesterday.
Group managing director and chief executive officer Datuk Nik Mohd Hasyudeen Yusoff (pic) said TH aimed to provide a stable profit distribution to depositors in line with its mandate to manage the funds of Muslims planning to fulfil the haj obligation.
He said a more sustainable distribution rate was crucial for TH because pilgrims would need to wait for their turn for the pilgrimage due to a quota set by the Saudi Arabian government.
“We have to ensure that TH continues to operate for more than a century to allow our pilgrims to complete their religious obligations, ” he said. — Bernama.