Investment profile of the Employees Provident Fund (EPF) had said that it was not venturing into an alien sector as claimed by some but was open to exploring good investment opportunities in real estate. Deputy Finance Minister Datuk Ahmad Maslan, said the group also does not make investments in the gambling and liquor sector consistent with ethical investment policies and mandates.
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| Photo Credit:drdzul.com |
According the EPF side, ''in principle, they do not separate the investment according to the religion or race of its members. Annual dividend distribution is also based on cumulative income from Islamic and conventional investment instruments, EPF has investment policy guidelines and ethics that meets the mandate of the group.''
On question from Datuk Ahmad Fauzi Zahari (BN-Setiawangsa) at the Dewan Rakyat, Deputy Finance Minister Ahmad said that the value of EPF investments as for first quarter of this year amounts to RM536.7 Bln, with about 60 % of fixed-income instruments are maintained in accordance of the group's risk and return profile.
It is crucial to understand that the EPF did not segregate or label employees accordingly for their investments, race Nor religion. The investments also showed high returns for the investors and should be praised for its reputable results over the years.
On the EPF Islamic investment funds, he said, until last March, 38 percent of the group's investments are in such investments and the fund is expanding its investment in syariah-compliant instruments.
On Property Investments
After all it is also explained and clarified that there have already been made a similar investment where the EPF have invested or owned some other retail stores like Sogo department store and Giant hypermarkets as to name few.
Thus, we can deduct from these stores which are doing very well, proved that the investments are a success and that they already seem to have experiences in such real estate investment dealings.
sources:
http://www.bharian.com.my/bharian/articles/PelaburantiadakaitanIsrael_senjataperang/Article
http://en.harakahdaily.net/index.php/berita-utama/7502-epf-says-mall-purchase-not-its-first-time-assures-depositors.html
On the EPF Islamic investment funds, he said, until last March, 38 percent of the group's investments are in such investments and the fund is expanding its investment in syariah-compliant instruments.
On Property Investments
The EPF have also counteracted towards a report claiming that the purchase of a retail mall in Kuala Lumpur is highly controversial. It said that it was not venturing into an unknown sector as some quarters claimed but really is exploring on a good investment opportunity in real estate.
The accusation seems to Barr any advancement of the EPF, of which as we all know that nowadays, one must find another way of increasing profit for advancement, or not will experience growth stagnant in this ever-changing economic scene.
The accusation seems to Barr any advancement of the EPF, of which as we all know that nowadays, one must find another way of increasing profit for advancement, or not will experience growth stagnant in this ever-changing economic scene.
"The EPF is always committed to adopt a prudent and low risk investment policy backed by thorough research in accordance with investment best practices to ensure that members’ savings are protected," EPF's public relations general manager Nik Affendi Jaafar said in his statement to Harakahdaily.
After all it is also explained and clarified that there have already been made a similar investment where the EPF have invested or owned some other retail stores like Sogo department store and Giant hypermarkets as to name few.
Thus, we can deduct from these stores which are doing very well, proved that the investments are a success and that they already seem to have experiences in such real estate investment dealings.
sources:
http://www.bharian.com.my/bharian/articles/PelaburantiadakaitanIsrael_senjataperang/Article
http://en.harakahdaily.net/index.php/berita-utama/7502-epf-says-mall-purchase-not-its-first-time-assures-depositors.html
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