Last updated : 04 Mar 2022 
For all your contributions, the government guarantees a minimum paid dividend rate of 2.50% for Simpanan Konvensional. Dividend rates for Simpanan Shariah will be based on actual performance of the EPF's shariah compliant investments.
| Year | Simpanan Shariah (Per Annum) | Simpanan Konvensional (Per Annum) |
|---|---|---|
| 2020 | 4.90 | 5.20 |
| 2019 | 5.00 | 5.45 |
| 2018 | 5.90 | 6.15 |
| 2017 | 6.40 | 6.90 |
| 2016 | - | 5.70 |
| 2015 | - | 6.40 |
Year | Per Annum (Simpanan Shariah) | Per Annum (Simpanan Konvensional) |
| 2020 | 4.90 | 5.20 |
| 2019 | 5.00 | 5.45 |
| 2018 | 5.90 | 6.15 |
| 2017 | 6.40 | 6.90 |
| 2016 | - | 5.70 |
| 2015 | - | 6.40 |
| 2014 | - | 6.75 |
| 2013 | - | 6.35 |
| 2012 | - | 6.15 |
| 2011 | - | 6.00 |
| 2010 | - | 5.80 |
| 2009 | - | 5.65 |
| 2008 | - | 4.50 |
| 2007 | - | 5.80 |
| 2006 | - | 5.15 |
| 2005 | - | 5.00 |
| 2004 | - | 4.75 |
| 2003 | - | 4.50 |
| 2002 | - | 4.25 |
| 2001 | - | 5.00 |
| 2000 | - | 6.00 |
| 1999 | - | 6.84 |
| 1997 - 1998 | - | 6.70 |
| 1996 | - | 7.70 |
| 1995 | - | 7.50 |
| 1988 - 1994 | - | 8.00 |
| 1983 - 1987 | - | 8.50 |
| 1980 - 1982 | - | 8.00 |
| 1979 | - | 7.25 |
| 1976 - 1978 | - | 7.00 |
| 1974 - 1975 | - | 6.60 |
| 1972 - 1973 | - | 5.85 |
| 1971 | - | 5.80 |
| 1968 - 1970 | - | 5.75 |
| 1965 - 1967 | - | 5.50 |
| 1964 | - | 5.25 |
| 1963 | - | 5.00 |
| 1960 - 1962 | - | 4.00 |
| 1952 - 1959 | - | 2.50 |
Find out the answers on EPF Dividend 2021.
Dividend for Simpanan Shariah and Simpanan Konvensional is difference because the dividend declared will depends on the actual investment performance of the respective funds.
The 2021 Member Statement can be accessed via i-Akaun (Member) either in web version or mobile apps, EPF Kiosk and counters at EPF Branches.
The list of EPF Offices and Kiosk can be obtained at https://www.kwsp.gov.my/en/reach-us/offices-kiosks
In line with the COVID-19 SOPs, members are encouraged to download their 2021 Member Statement online via i-Akaun (Member).
References for the i-Akaun registration guide can be obtained at https://www.kwsp.gov.my/documents/20126/131635/Panduan+Ringkas+Pengaktifan+i-Akaun+Ahli_BM.pdf/de0e25f2-dfd8-c0f5-cabc-c1143748db2a
Members can check the 2021 dividend amount in their 2021 Member Statement starting from 6th March 2022.
No. The 2022 Member Statement cannot be printed before the 2021 Dividend Crediting because the dividend amount has not been credited into the 2022 Opening Balance.
Members staying overseas can obtain their Member Statement via the i-Akaun (Member) Website and Mobile Application.
If the member does not have this facility, they may also obtain their Member Statement by contacting the EPF Contact Management Centre at +603-89226000 or by submitting an application through https://www.kwsp.gov.my/ms/reach-us/connect-with-us/make-an-enquiry
The dividend is calculated based on the “Modified Aggregate Daily Balance”. Contributions for a particular month will be eligible for dividend based on the last day of the contribution month until 31 December 2021.
The following is an example of Annual Dividend calculation based on Aggregate Balance, assuming the dividend rate is 5%:
Note: The same concept is used to calculate the Total Dividend of Account 2. The 5% Dividend Rate is an EXAMPLE only and does not refer to the actual dividend rate.
Members who had made Leaving the Country Withdrawal, the member has received the dividend based on the 2020 dividend rate together with the withdrawal payment.
Members who plan to make full withdrawal in any category after the crediting of 2021 dividend, the 2021 dividend will be credited into their account on the dividend crediting date.
When withdrawals are made in 2022, they are eligible to receive withdrawal payments together with dividends at the rate of 2021 for the period of the savings are in the EPF account.
Yes. Members are eligible to receive dividends on late contributions. For contributions that are paid late, the dividend calculation will be backdated to the month that it was due.
Example: If there is a backdated contributions for April 2015 paid in 2021, the dividend calculation will be effective from 30.04.2015.
Members who have not switched to Simpanan Shariah, their savings will be managed under Simpanan Konvensional and the dividends received annually are derived from mixed investments between Shariah compliant (halal) and non-Shariah compliant (haram). Simpanan Konventional dividends derived from non-Shariah compliant investments cannot be utilized, and need to be purified and cleansed as resolved in the 87th Muzakarah (Conference) of the Fatwa Committee National Council of Islamic Religious Affairs Malaysia held on June 23-25, 2009 as follows:
In Islam, property acquired by means that are not Shariah-compliant, such as usury, ambiguous transactions, gambling, fraud, robbery, plunder, corruption, etc is illegal and cannot be used for personal gain and benefit and must be purified through the following methods:
(a) Channelled to Baitulmal for the general public interest of Muslims such as for funding the construction or maintenance of bridges, roads, toilets, etc; or
(b) Given to the poor and needy.
The decision to perform dividend purification is solely based on member’s conscience. Members are also advised to seek the views of the Islamic Religious Council in their respective states.
For members who switched to Simpanan Shariah in 2021 i.e. before 25th December 2021 or between 25th – 31st December 2021, the switching will only be effective on 1st January 2022 or 1st January 2023. Therefore, for the 2021 dividend, your account will still be credited with Simpanan Konvensional dividend.
From Shariah perspective, Muslim members are not allowed to utilize property acquired by means that are not Shariah-compliant, including Simpanan Konvensional dividends derived from non-Shariah compliant (haram) investment. They are responsible to purify the dividends received.
The 87th Muzakarah (Conference) of the Fatwa Committee National Council of Islamic Religious Affairs Malaysia held on June 23-25, 2009 has resolved that:
“In Islam, property acquired by means that are not Shariah-compliant, such as usury, ambiguous transactions, gambling, fraud, robbery, plunder, corruption, etc is illegal and cannot be used for personal gain and benefit and must be purified through the following methods:
(a) Channelled to Baitulmal for the general public interest of Muslims such as for funding the construction or maintenance of bridges, roads, toilets, etc; or
(b) Given to the poor and needy”.
However, any dividends received before Simpanan Shariah is made available to the members i.e. 2016 dividend and earlier, the EPF Shariah Advisory Committee (SAC) has resolved that the dividend purification is exempted as members do not have Haq Tasarruf i.e. the right to choose their saving is managed in accordance with Shariah principles.
While for members who switched to Simpanan Shariah last year (2021), the switching will be effective on 1 January 2022 or 1 January 2023. Therefore, the SAC is of the view that Simpanan Konvensional dividend 2021 credited to members account is exempted from purification as the effective date of the switching is determined by EPF policy which is not within the member's purview.
The dividend purification can be performed either using EPF savings that is eligible for withdrawal (if any), or using other financial resources owned by the member.
The decision to perform dividend purification is solely based on member’s conscience. Members are also advised to seek the views of the Islamic Religious Council in their respective states.
The purification rate for Simpanan Konvensional dividend 2021 is 69% of the total dividend credited to the member’s account. Meanwhile, the dividend purification rate for the year before 2021 can be referred to the Simpanan Shariah FAQ section https://www.kwsp.gov.my/en/member/simpanan-shariah.
Calculation Example:
Total Simpanan Konvensional dividend 2021: RM1,000
Total dividend to be cleansed/purified: RM1,000 x 69% = RM690
The zakat payment is different from the dividend purification.
Zakat is performed on halal property that meets the obligatory conditions of zakat, while purification on property is performed on property acquired by means by that are not Shariah-compliant that cannot be utilized and must be channeled to the Baitulmal or the poor and needy.
As for EPF savings, if members do not switch to Simpanan Shariah, the savings will include dividends earned from non-Shariah compliant (haram) investment. Therefore, Muslim members are advised to separate the savings from the amount that needs to be purified according to the dividend cleansing rate for each year before determining the amount of savings that is subject to zakat.
