Malaysia’s Tabung Haji posts 47% jump in net profit for first half 2020
Malaysia’s Lembaga Tabung Haji posted 1.25 billion ringgit ($293 million) in net profit for the first six months of this year, a rise of 47% compared to 849.66 million ringgit for the same period in 2019.
Tabung Haji, which helps Malaysians save for the hajj, said in a statement on Thursday (Jul 9) its investment income reached 1.55 billion ringgit, 65% of which came from fixed income investments.
Property investments generated an income of 204.57 million ringgit, Islamic money market investments contributed 187.13 million ringgit and equity investments 150.27 million ringgit.
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