The Employees Provident Fund’s (EPF) syariah-compliant investment product, called “Simpanan Syariah”, will have an initial size of RM100bil and be open for registration from Aug 8.
Contributors can start registering with the pension fund to shift their savings to Simpanan Syariah and it is open to all members regardless of race, religion and nationality. The registration will close on Dec 23.
EPF chief executive officer Datuk Shahril Ridza Ridzuan said the fund has been investing in syariah-compliant assets for more than five years and about 45% or RM295bil of existing total assets are already syariah-compliant. He expects the EPF’s investment in syariah-compliant assets to grow by about RM25bil a year on average.
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Contributors can start registering with the pension fund to shift their savings to Simpanan Syariah and it is open to all members regardless of race, religion and nationality. The registration will close on Dec 23.
EPF chief executive officer Datuk Shahril Ridza Ridzuan said the fund has been investing in syariah-compliant assets for more than five years and about 45% or RM295bil of existing total assets are already syariah-compliant. He expects the EPF’s investment in syariah-compliant assets to grow by about RM25bil a year on average.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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