EPF says no minimum 2.5% dividend for syariah-compliant fund

Service for members: EPF members checking out the various services at the pension fund’s headquarters in Kuala Lumpur. Sharil says the returns for the syariah-compliant fund will be based on portfolio performance.

KUALA LUMPUR: The Employees Provident Fund (EPF), which is expected to launch a fully syariah-compliant fund by January 2017, will not have a minimum of 2.5% dividend for it.

According to EPF chief executive officer Datuk Sharil Ridza Ridzuan, the 2.5% minimum return drops away when members opt for the syariah-compliant fund.