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EPF DIVIDEND, EPF
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SUSyklooi
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Feb 6 2018, 11:22 AM
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QUOTE(David83 @ Feb 6 2018, 11:19 AM) 2.5% min. The EPF ensures that your savings are secure and receive reasonable dividends. In fact, it guarantees a minimum of 2.5 Per Cent Dividend annually. To ensure dividend payments, the EPF invests your contribution in approved financial instruments for optimum returns. URL: http://www.kwsp.gov.my/portal/en/about-epfI think the Shariah one don't have minimum one...only the conventional one does
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SUSDavid83
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Feb 6 2018, 11:22 AM
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QUOTE(yklooi @ Feb 6 2018, 11:22 AM) I think the Shariah one don't have minimum one...only the conventional one does Not sure about Shahriah one since it'll be their first year.
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prophetjul
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Feb 6 2018, 11:23 AM
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QUOTE(David83 @ Feb 6 2018, 11:19 AM) 2.5% min. The EPF ensures that your savings are secure and receive reasonable dividends. In fact, it guarantees a minimum of 2.5 Per Cent Dividend annually. To ensure dividend payments, the EPF invests your contribution in approved financial instruments for optimum returns. URL: http://www.kwsp.gov.my/portal/en/about-epfI do not mean the minimum dividend. I meant the payout of the yearly EARNINGS. Someone mentioned 90% ?
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orangutan
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Feb 6 2018, 11:28 AM
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If a company pays late, would the yearly dividend be calculated on the whole annual amount of that year plus the current balance or only what is bank in at that time?
Example,
Jan & Feb, paid in Mar Mar & Apr, paid in May May & Jun paid in Jul Jul & Aug paid in Sept Sept & Oct paid in Nov Nov & Dec haven't bank in until today.
So will the divided be applied to the whole sum of that year
Let's say annually $10k
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SUSyklooi
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Feb 6 2018, 11:30 AM
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QUOTE(David83 @ Feb 6 2018, 11:22 AM) Not sure about Shahriah one since it'll be their first year. just found this... "the syariah EPF scheme is an Islamic compliant scheme which cannot set a minimum dividend rate. " http://www.malaysianchinesenews.com/2016/0...rovident-funds/
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SUSDavid83
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Feb 6 2018, 11:30 AM
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QUOTE(orangutan @ Feb 6 2018, 11:28 AM) If a company pays late, would the yearly dividend be calculated on the whole annual amount of that year plus the current balance or only what is bank in at that time? Example, Jan & Feb, paid in Mar Mar & Apr, paid in May May & Jun paid in Jul Jul & Aug paid in Sept Sept & Oct paid in Nov Nov & Dec haven't bank in until today. So will the divided be applied to the whole sum of that year Let's say annually $10k Annual Dividends, on the one hand, are calculated based on the opening balance of your savings as at 1 January of each year. Monthly Dividends credited into your account, on the other hand, are based on the monthly contributions received. URL: http://www.kwsp.gov.my/portal/en/about-epf...view-of-the-epf
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cckkpr
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Feb 6 2018, 11:37 AM
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QUOTE(orangutan @ Feb 6 2018, 11:28 AM) If a company pays late, would the yearly dividend be calculated on the whole annual amount of that year plus the current balance or only what is bank in at that time? Example, Jan & Feb, paid in Mar Mar & Apr, paid in May May & Jun paid in Jul Jul & Aug paid in Sept Sept & Oct paid in Nov Nov & Dec haven't bank in until today. So will the divided be applied to the whole sum of that year Let's say annually $10k I believe its calculated based on the balance as at end of last year. Late payments will be subjected to late charges and dividend penalties. EPF do not contribute to defaulters on the outstanding payments.
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john123x
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Feb 6 2018, 04:44 PM
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I am looking forward for last year's dividend.
I hope it can achieve minimum 6%.
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Kaka23
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Feb 6 2018, 05:27 PM
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QUOTE(john123x @ Feb 6 2018, 04:44 PM) I am looking forward for last year's dividend. I hope it can achieve minimum 6%. Me too bro
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Noyoudontcare
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Feb 6 2018, 07:30 PM
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Getting Started

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Can chinese opt for shariah compliant account?
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SUSyklooi
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Feb 6 2018, 07:44 PM
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QUOTE(Noyoudontcare @ Feb 6 2018, 07:30 PM) Can chinese opt for shariah compliant account? read this?..... INTRODUCTION TO SIMPANAN SHARIAH https://secure.kwsp.gov.my/shariah/faq.html
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brandonkl
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Feb 6 2018, 11:21 PM
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Not sure how true... I heard PM will personally announce the EPF dividend on Monday... should be high since he is announcing and GE is near.. if he really announce, first time in history, a PM announce EPF dividend...
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Kaka23
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Feb 6 2018, 11:22 PM
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QUOTE(brandonkl @ Feb 6 2018, 11:21 PM) Not sure how true... I heard PM will personally announce the EPF dividend on Monday... should be high since he is announcing and GE is near.. if he really announce, first time in history, a PM announce EPF dividend... Yes.. but i think is Sunday
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Lestat
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Feb 7 2018, 02:15 AM
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QUOTE(yklooi @ Feb 6 2018, 11:30 AM) just found this... "the syariah EPF scheme is an Islamic compliant scheme which cannot set a minimum dividend rate. " http://www.malaysianchinesenews.com/2016/0...rovident-funds/in syariah commerce, there cannot be guaranteed profit in business, profit/loss are equally shared as partners/share holders. Really, tbh, the biggest push for this syariah EPF is because of muslim epf members want to have a *clean* epf income which only come from syariah compliant instrument. I am not sure how it is attractive for non muslim especially when the epf switch to syariah account is not reversible.
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nexona88
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Feb 7 2018, 09:28 AM
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QUOTE(john123x @ Feb 6 2018, 04:44 PM) I am looking forward for last year's dividend. I hope it can achieve minimum 6%. Its would be over 7% for sure.. Because PM jibby would announced it.. Don't want lose face by giving low % 😊
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nexona88
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Feb 7 2018, 09:30 AM
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QUOTE(Lestat @ Feb 7 2018, 02:15 AM) in syariah commerce, there cannot be guaranteed profit in business, profit/loss are equally shared as partners/share holders. Really, tbh, the biggest push for this syariah EPF is because of muslim epf members want to have a *clean* epf income which only come from syariah compliant instrument. I am not sure how it is attractive for non muslim especially when the epf switch to syariah account is not reversible.When the shariah % is higher than the normal one.. Sure there's be would attract Non Muslim 🙏
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Duckies
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Feb 7 2018, 09:32 AM
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Faster announce pls..I wanna check the statement online but unable cause the website says pending for the EPF dividend =.=
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prophetjul
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Feb 7 2018, 09:34 AM
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QUOTE(nexona88 @ Feb 7 2018, 09:30 AM) When the shariah % is higher than the normal one.. Sure there's be would attract Non Muslim 🙏 Is the estate distribution subject to Shariah laws for non muslim account holders?
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SUSyklooi
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Feb 7 2018, 09:49 AM
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QUOTE(prophetjul @ Feb 7 2018, 09:34 AM) Is the estate distribution subject to Shariah laws for non muslim account holders? read this? look inside SHARIAH https://secure.kwsp.gov.my/shariah/faq.html
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orangutan
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Feb 7 2018, 10:04 AM
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QUOTE(Duckies @ Feb 7 2018, 09:32 AM) Faster announce pls..I wanna check the statement online but unable cause the website says pending for the EPF dividend =.= What do you mean? I can check online without any problem.
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