Deep, deep dive
- What is EPF?
- Who can invest in EPF?
- So why are EPF savings even important?
- How do you know if you are saving enough for your retirement?
- But why invest in EPF? What have their returns been like?
- What is the difference between the Conventional Savings Option and Shariah Option?
- When can I access my EPF savings?
- What is EPF’s new i-Invest platform?
- Practical tips
What is the difference between the Conventional Savings Option and Shariah Option?
The Shariah savings option derives its income solely from EPF’s shariah-compliant investments while income for Conventional savings options is generated by a share of both the shariah and non-shariah compliant investments.
Both Muslim and non-Muslim members can opt for the Shariah savings option but there are a few key things that you should note when doing so:
- The Shariah Savings account is not subject to the minimum 2.5% dividend guarantee.
- All EPF members are put onto the conventional savings option by default. The shariah-compliant savings option is an opt-in option.
- Once you opt in to the shariah savings option you cannot revert back to the conventional scheme.
- This choice will impact all of your EPF savings.