Contributors may choose Syariah-compliant account under amended EPF Act


KUALA LUMPUR: Contributors to the Employees Provident Fund (EPF) may choose to have a KWSP-I account managed and invested in compliance with Syariah principles when amendments to the Employees Provident Fund Act 1991 are passed.

Deputy Finance Minister Datuk Johari Abdul Ghani said the amendments to the Act 1991, tabled for second reading at the Dewan Rakyat on Tuesday, also provides for the establishment of a Syariah Advisory Committee and an Investment Panel to ensure syariah compliance.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
EPF , EPF Act , amendments , dividend

Next In Nation

Signing of 11 MoU with India testament to PM Anwar’s role in regional, global partnership
Johor RM17mil special allocation shows leaders’ understanding of people’s needs, says Dr Wee
Azmin, Faizal Azumu among Bersatu leaders at Muhyiddin’s home for special meeting
Johor grants special RM17mil CNY allocation for Chinese schools, welfare
Village chiefs should carry out duties responsibly, says Tiong
Terengganu-Felda land issue nearing resolution, says Ahmad Zahid
RM200mil in cash assistance distributed to flood victims last year, says Ahmad Zahid
Krishnan Tan confirms full cooperation with MACC probe into IJM
Tabung Amanah Sultan Kedah aims to strengthen targeted welfare support, says Raja Muda
Three arrested for drink driving in Kluang

Others Also Read