EPF launching new Simpanan Syariah & EPF members must choose between both, by Jan 1 2017
- 6.8m active members
- 7th largest state-run pension fund
- RM658b ($165b)
- Overseas holding: 25%
- EPF Historical Returns
About Simpanan Syariah (EPF-i)
- 1st, largest & only state-run Syariah-compliant fund in the world
- No min 2.5% returns guaranteed
- Expected 1.5-2m members (22-29%) migrating over
Which is better? EPF or EPF-i?
It is difficult to judge without a track record as EPF-i is yet to exist. Expected most who opt for Simpanan Syariah is for their investments to be Syariah-compliant. EPF expected to start by just splitting up current holdings between Syariah & non-Syariah holdings (largest holding is 7.4% of BAT) & increase Sukuk holdings.