EPF Simpanan Syariah on track to launch on Jan 1, 2017 w RM100b initial fund size. Applications open 8.8.16

Updated: Jul 20, 2017

simpanan-syariah

EPF Simpanan Syariah (EPF-i)

  • Approved after 71% positive respondents to Members Consultation on EPF Scheme Enhancement in April 2015
  • Managed according to syariah principles (Akad Wakalah – Syariah economics)
  • Fully Syariah compliant companies
  • No min profit/dividend guarantee (EPF: min 2.5%)
  • No switching back from EPF-i to EPF
  • EPF Unit Trust investment withdrawal only to Syariah compliant UT
  • Conventional banking not part of EPF-i portfolio