KUALA LUMPUR: The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif. He said EPF would continue to invest in both shariah-compliant and conventional funds concurrently. “The main challenge lies in finding shariah-compliant PE funds. “We will keep increasing our investments in conventional funds, and we would like to encourage more shariah-compliant funds to be available in the market,” Mohamad Nasir told Bernama on the sidelines of AVCJ Private Equity Venture Forum – Malaysia here today. Out of the total investment assets, 47.71 per cent were shariah-compliant investments and the balance were invested in non-shariah-compliant assets.

Source: New Strait Times September 19, 2017 12:22 UTC