KWSP: Simpanan Syariah cecah RM59.03 bilion

R2D2

KUALA LUMPUR: The Employees Provident Fund (EPF) says a total of RM59.03bil of the initial RM100bil fund allocated for Simpanan Shariah 2017 have been taken up and 635,037 members have switched to Simpanan Shariah, as at Dec 23, 2016.

“We have anticipated that at least half of the initial RM100bil fund will be taken up and we are truly encouraged by the latest statistics. For Simpanan Shariah 2018, we have allocated RM50bil as further injection,” EPF chief executive officer Datuk Shahril Ridza Ridzuan said in a statement on Tuesday.

“We are on a good track of growing our investment in Shariah assets. About 45% of EPF’s total investment assets are already Shariah compliant and we expect to grow these assets by at least RM25bil a year on average,” he added.

Simpanan Shariah was introduced in August 2016 as an option for members who wish to convert their current conventional EPF savings to one that is managed and invested in accordance with the Shariah principles. Members who wish to switch to Simpanan Shariah 2018 may do so before Dec 24, 2017.

rospinki

takde nk convert2...janji ko jaga duit yipiyep aku tu leklok.

kasibiman

45% of assets in shairah compliant products.

bukak 100 beliyun baru 59% take up.



hmmppphhhhh

dizzzek

hbis la klau jibby&co. tau...

R2D2

EPF to allocate RM50 billion more to Islamic fund in 2018
Reuters
| January 17, 2017



KUALA LUMPUR: The Employees Provident Fund (EPF) will allocate a further RM50 billion to its Islamic fund in 2018, potentially boosting the domestic Islamic finance market.

The additional injection was more than the RM20-RM30 billion the fund had estimated it would allocate for 2018.

Malaysia is a leading market in the global Islamic finance industry in terms of regulation, standardisation and sukuk issuance. The country issued more than half of the world’s sukuk in the first half of 2016.

For 2017, the retirement savings fund has already allocated RM100 billion for the fund, which is equivalent to about 15% of the EPF’s total investments of RM681.71 billion as of March 2016.

Of the initial RM100 billion allocated, a total of RM59.03 billion have been taken up, the pension fund said in a statement on Tuesday.

Chief executive officer Shahril Ridza Ridzuan said the fund had anticipated that at least half of the initial RM100 billion fund to be taken up.

“For (the 2018 shariah fund), we have allocated RM50 billion as further injection,” Ridzuan said in the statement.

He said that about 45% of EPF’s total investment assets are shariah compliant and the fund expects to grow these assets by at least RM25 billion a year on average.