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Tabung Haji rules out gold investments, sticks to conservative assets as markets remain volatile

Malay Mail LogoMalay Mail19h ago

Tabung Haji rules out gold investments, sticks to conservative assets as markets remain volatile - Malay Mail

Quick Summary:

KUALA LUMPUR, March 21 — Lembaga Tabung Haji (TH) will continue to manage its investment portfolio prudently to ensure c...

On dividend rates, Syed Hamadah said TH consistently strives to offer competitive returns to depositors.“The announced dividend rate is in line with or higher than the one-year Islamic deposit rate, and this year, we have delivered a return of 3.25 per cent, which is above the average Islamic deposit rate for 2024.“TH is also targeting a better dividend rate this year, depending on global and domestic economic conditions,” he added.

Responding to a question about TH’s plans for gold investments, Syed Hamadah stressed that there are no such plans, as gold investments are not among the assets approved by the board.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 12:31:23 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 27208749

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 18 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

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The story "Tabung Haji rules out gold investments, sticks to conservative assets as markets remain volatile" was covered 19 hours ago by Malay Mail, a news publisher based in Malaysia.

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