Religious affairs minister Na’im Mokhtar said this year’s payout would amount to RM2.92 billion, distributed to more than 9.54 million depositors.

“This (profit) distribution is driven by stronger investment performance, fuelled by economic growth and a positive stock market in 2024, along with ongoing efforts to manage operational costs efficiently,” he told a press conference announcing TH’s 2024 profit distribution.

TH declared a profit distribution of 3.1% after zakat for the financial year ended Dec 31, 2023, having maintained the same rate for a fourth consecutive year.

Na’im said the latest distribution brought TH’s total cumulative profit distribution over 61 years to RM45.79 billion.

TH also declared a 5.08% return on investment before zakat, haj financial assistance, and operational costs in 2024.

As at Dec 31, 2024, TH’s total assets under management amounted to RM95.06 billion, while its fund size (deposits) stood at RM91.75 billion.

The Muslim pilgrimage fund also recorded a total revenue of RM4.56 billion in 2024, with 50% from fixed-income instruments (sukuk) and 35% from equity investments.

“Stock trading profits boosted TH’s equity investment returns, in line with the strong performance of Malaysia’s stock market in 2024,” Na’im said.