KUALA LUMPUR: The Employees Provident Fund (EPF) expects almost a quarter of its members to migrate to an Islamic retirement plan in its first year alone.
The EPF, a state-owned vehicle that manages US$178bil of assets including London’s Battersea Power Station project, aims to open the syariah-compliant plan in January 2017 and is targeting an initial size of as much as RM100bil, chief executive officer Datuk Shahril Ridza Ridzuan said in an interview.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!