SHAH ALAM, March 4 — The Employees’ Provident Fund (EPF) Board expects to obtain optimal returns for shariah savings if its assets are completely separated from conventional...
SHAH ALAM, March 4 — The Employees’ Provident Fund Board expects to obtain optimal returns for shariah savings if its assets are completely separated from conventional savings assets.
“This can ensure that both shariah savings and conventional savings have a more optimal, competitive and sustainable long-term return,” he said at a press conference after the EPF’s financial performance briefing here today. He said the separation allows the EPF to set a percentage limit for each desired investment, and not because investments in shariah savings are not halal.
“So, in terms of the portfolio, we have to be good at balancing it, if one investment portfolio goes down, while the other survives, then we can stabilise ,” he explained. He added that Budget 2023 emphasised efforts to strengthen the recovery and resilience of the country’s economy.
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