Tabung Haji tar­gets 50,000 reg­is­tra­tions

New Straits Times - - Business -

KUALA LUMPUR: Tabung Haji launched its lat­est prod­uct, Hi­bah Amanah (trust gift), yes­ter­day and is targeting 50,000 de­pos­i­tors to sign up in the first year.

Min­is­ter in the Prime Min­is­ter’s De­part­ment Datuk Seri Jamil Khir Ba­harom said in a state­ment Tabung Haji’s ef­fort to de­velop the prod­uct, par­tic­u­larly for its nine mil­lion de­pos­i­tors, would help re­duce the is­sue of un­claimed de­posits.

Hi­bah Amanah is a con­tract whereby the de­pos­i­tor vol­un­tar­ily “gifts” his sav­ings to the ben­e­fi­ciary dur­ing his life­time.

The ben­e­fi­ciary will be able to claim the sav­ings upon the de­pos­i­tor’s death.

The de­pos­i­tor will also be able to en­joy the full ben­e­fit from his sav­ings and con­duct trans­ac­tions dur­ing his life­time.

Hi­bah Amanah al­lows a Mus­lim con­vert to gift his sav­ings to his non-Mus­lim ben­e­fi­cia­ries, too.

Those wish­ing to reg­is­ter for the prod­uct may do so at any Tabung Haji branch. Ber­nama

Min­is­ter in the Prime Min­is­ter’s De­part­ment Datuk Seri Jamil Khir Ba­harom (sec­ond from right) at the launch­ing of Hi­bah Amanah in Kuala Lumpur yes­ter­day. With him are Deputy Min­is­ter in the Prime Min­is­ter’s De­part­ment Dr Asyraf Wa­jdi Dusuki (right), Tabung Haji chair­man Datuk Seri Ab­dul Azeez Ab­dul Rahim (sec­ond from left) and group man­ag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer Datuk Seri Jo­han Ab­dul­lah.

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