KWSP to increase shariah-compliant investments

Nearly half of the Malaysian pension fund’s total investment assets are already shariah-compliant

Employees Provident Fund of Malaysia (KWSP) said it plans to increase its exposure to shariah-compliant investments, which do not violate Islamic principles, in its private equity portfolio.

The Malaysian pension fund allocates 2 percent of its MYR759.8 billion ($179.3 billion; €153.3 billion) assets to private equity and currently 47.7 percent of its total investment assets are shariah-compliant.

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