KUALA LUMPUR (Sept 14): Some 41% of the EPF's initial allocation of RM100 billion for Simpanan Shariah 2017 has been taken up since registration for the fully-shariah compliant investment scheme was opened on Aug 8 this year. In a statement today, the EPF, which stands for the Employees Provident Fund, said the percentage represents RM41.1 billion. "Members wanting to switch to Simpanan Shariah are encouraged to come to any EPF branches nationwide now to avoid last-minute crowds in December. The closing date for Simpananan Shariah 2017 will be on Dec 23, or subject to the availability of the RM100 billion allocation," it added. For more information on Simpanan Shariah, visit the EPF's website at www.kwsp.gov.my or call EPF Contact Management Centre at 03-8922 6000.

Source: The Edge Markets September 14, 2016 08:37 UTC