Last updated : 6/10/19 5:45 PM     

Statement Of EPF Shariah Compliant Investments

The Employees Provident Fund (EPF) confirms that about 40% of our total investments are Shariah-compliant as at 31 December 2015. The EPF has established a Shariah Advisory Council (SAC) since 2010 to advise the EPF on Shariah-compliant investment. We are targeting to introduce a Shariah-compliant option to our members in 2017 after we have ascertain that there is a sufficient supply of Shariah-compliant assets in the market. As for our current investment practices, we abide by ethical guidelines and investment policies which prohibit us from investing in sectors promoting gambling, alcohol, military weapons and adult entertainment.

 

Issued by:

Corporate Affairs Department

Employees Provident Fund

Date: 21 January 2016