4. Redemption of USJB sukuk to TH will be done within 7 - 10 years, with an annual return of 4.10%. Although this return has not been paid in full, it has been recorded as a profit in TH’s financial report.

How can TH pay dividends to depositors without earning such annual returns? 

An Undertaking Letter by UJSB to TH dated December 27th 2018 clearly states the irrevocable and unconditional responsibility and commitment of UJSB in making full, delayed payment to TH.

Under paragraph 3.1 (i), PA 3.1 of the Treasury Circular (Pekeliling Perbendaharaan) which is the Guidelines for the Preparation and Presentation of Annual Reports and Financial Statements of Federal Statutory Bodies, TH adopts accounting standards based on Financial Reporting Standard (FRS) based on accrual accounting over cash accounting because TH owns public listed companies and financial institutions as its subsidiaries.