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.

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EPF , EPF Act , amendments , dividend

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