Malaysia’s EPF sees swift take-up of sharia portfolio
After only a week, a quarter of the sharia-compliant part of the $160 billion state pension fund has been taken up by members. But the institution is unlikely to run all of its assets in this way.
Malaysia’s $160 billion state retirement fund, the Employees Provident Fund (EPF), is seeing strong early demand from members to have their assets managed in a specially created sharia-compliant portfolio, but it is unlikely to go 100% sharia.
In the first week since the new ‘simpanan shariah’ fund was opened to contributions (on August 8), RM25 billion ($6.2 billion) of the initial allocation of RM100 billion has been used.
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