24.07.2012 - Malaysia's pension reform may boost Islamic funds
Malaysians will have more room to allocate part of their retirement contributions to Islamic investments under sweeping government reforms to the pension system. At present, the Employees Provident Fund (EPF) receives public pension contributions and invests the money. Some of that investment is in sharia-compliant areas such as sukuk and halal stocks, but contributors have limited scope to ensure the money is being used that way. A maximum 20 percent of savings can be placed through the EPF into a single mutual fund...............................................Full Article: Source
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