EPF to give members a choice to invest in Islamic stocks

Syariah compliant: Mohamad Nasir briefing the media on EPF setting up a framework for a syariah fund. He says the pension fund, which invests on behalf of its members, is in the process of identifying companies to invest in. — Bernama

KUALA LUMPUR: The Employees Provident Fund (EPF) is looking at carving out an estimated RM100bil to RM120bil from its investment funds to invest in syariah-compliant stocks and, in the process, offer its members the chance to participate in such a fund.

The fund will be launched by January next year.