KUALA LUMPUR: The Employees Provident Fund (EPF) has hired consultants to study the possibility of establishing one of the world’s first state-backed pension funds focusing entirely on syariah-compliant investments, according to sources familiar with the matter.
If it goes ahead, the plan could pour billions of dollars into syariah-compliant assets in Malaysia, stimulate its Islamic finance sector, and provide a model for other predominantly Muslim countries such as those in the Gulf.
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