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 EPF DIVIDEND, EPF

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Lestat
post Feb 3 2018, 01:00 PM

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From: Kera Puteh


Islamic EPF is invested only in islamic investment instrument. So it is a bit restrictive. What I believe is, the gain/loss would not be distributed to the other side. It could have different divident or could be the same.. Time will tell.
Lestat
post Feb 7 2018, 02:15 AM

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Junior Member
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Joined: May 2005
From: Kera Puteh


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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