Once 'cut', it's forever, cannot sew back.

On what technical basis the EPF-i will perform better ?

On observation that products such as amanah saham for xxx gives better dividends payout compare to amanah saham yyy.

Also maybank GIA-i gives 4%p.a for 1 month placement. No FD is giving that much.

Of course it will have a guarantee.

Just not a written one. Only in spirit

Although returns is not guarantee, does Principal guarantee?

YES,....that is a GOOD question.....

For a financial product to be shariah compliance, there cannot be any element of RIBA i.e., ursury built into it.

If the product has a fixed guarantee return, it is considered a fixed interest aka riba element.

Xuzen

This post has been edited by xuzen: Apr 13 2016, 07:12 PM

I was thinking by the time the shariah compliance KWSP is ready, can we opt to maintain our current conventional KWSP and add in additional account for the shariah compliance account that time..

If it can be done, the shariah compliance fund would be my voluntary contribution while the convention one would be employment contribution.

I don't think can have 2 acc leh, but good if really have it

Yesterday's chinese newspaper quoted

"is a all or none" conversion

"会员一旦转换成伊斯兰公积金，就没有『回头』的机会。同时，公积金局以管理方式过于复杂为由，也不会向会员提供『分拆』的选项，即『全有或全无』（All or None"

Yes, as EPF is actually under government, i could sense that the shariah compliance might performed better than the conventional EPF..

This is only my point of view based on the performance of ASB as Bumi fund in comparison to the other funds like ASM, ASW2020, and AS1M..

But if they mentioned that they need to take away the capital guaranteed term, i will just forget about the conversion of my current conventional account..

This post has been edited by smartinvestor01: Apr 15 2016, 04:36 PM

Convert and then withdraw to put in UT

I can understand the misconception, but ASB is NOT a shariah compliant fund, it owns 20% of Maybank shares

It gives higher dividends than other fixed price ASx funds, but it has nothing to do with it being shariah compliant. Besides, ASB is meant for bumiputras, not muslims. There's also a slight difference there

Just needed to clarify that for the benefit of all readers out there

Oh yea, thanks for clearing the air..

I always got confused on that..

Any Sarawakians who need to put your EPF to UT, I have lots of ideas to advise you personally. Cheers!

ideas apa tu?

only for sarawakians?

Useful info for me also. TQ

Catering to people who wants to put their money wisely.

how about non-Sarawakians like me

Ayam oso interested to know

Or is it because currently u r located in Sarawak

No funds in the market will guarantee yield fixed dividend.
Only those government funds that buy/sell at rm1, EPF will yield > 5% dividend. Others will be subjected to risk.

Yeah, I can share more if your around my area. Do drop by sometimes!