X

kwsp.gov.my Apply For Simpanan Shariah Malaysia : Employees Provident Fund

Organization : Employees Provident Fund
Service Name : Apply For Simpanan Shariah
Country: Malaysia

Website : http://www.kwsp.gov.my/shariah/index.html

Apply for Simpanan Shariah :

** You need to attend personally at any EPF counter to submit your application and verify your thumbprint for identification.
** Application starts from 8.8.16.

Related : Register For i-Akaun Services Malaysia : www.statusin.org/26238.html

What to bring for application? :
1. MyKad / Passport (Non-Malaysians)
2. Submit your application and verify your thumbprint at EPF counter
3. You will be notified of your application status 7 days before the effective date

Features of Simpanan Shariah :
** All members, regardless of religion, race and nationality, may choose Simpanan Shariah
** The Simpanan Shariah is managed and invested based on the ‘Akad Wakalah’
** The Simpanan Shariah is endorsed by the EPF’s Shariah Advisory Committee (SAC)
** Dividend rates for Simpanan Shariah will be based on actual performance of Shariah compliant investments made by the EPF

Important Note :
** Members who have chosen the Simpanan Shariah are not allowed to revoke their decision and revert back to Simpanan Konvensional after the effective date.

Registration :
** Members are required to be present at any EPF counter starting 8.8.16 and bring along MyKad or Passport (for foreigners) for identity verification and affix their thumbprint on the Akad Simpanan Shariah.

** Currently, online registration is not available.

How will the effective date be determined?
** The effective date for members who have applied for Simpanan Shariah will subject to
a. First-come first-served basis and will be based on the annual Shariah fund allocation; and
b. Any other conditions as determined by the Board
** The effective date is on 1 January after the approved annual fund allocation for the year.

Related Post

** Once the total registration for Simpanan Shariah reaches the quota for the year, members who have applied for Simpanan Shariah but failed to secure an allocation will need to wait for the next annual Shariah fund allocation.

How do I know if my application to choose Simpanan Shariah is successful?
** ** Successful applicants will be notified at least seven (7) days before the application effective date via a Notice and Short Messaging System (SMS),

which state that :
a. Member’s application for Simpanan Shariah has been received; and
b. The effective date of their Simpanan Shariah

Members who do not receive any notification on the effective date may be due to the following reasons :
a. Member is still on the waiting list due to insufficient fund allocation; and
b. Member’s contact details in the EPF system have not been updated.

For any enquiries, contact us at:
a. EPF Contact Management Centre 03-8922-6000; or
b. Visit .kwsp.gov.my

Employers :
1. Should I inform my employer if I choose Simpanan Shariah?
** No, members are not required to inform their employers if they choose Simpanan Shariah.

2. Are employers required to make separate contribution payments for employees who choose Simpanan Shariah?
** No, employers are not required to make separate contribution payments on behalf of their employees who have chosen Simpanan Shariah.

3. Will there be two different Form A for employers to fill in? Is there any particular form for employers to complete?
** No, employers are only required to complete Form A as per existing process and there will be no additional forms for employers to complete or changes to be made.

4. Are there any new rules and regulations pertaining to contributions that employers need to comply with if their employees wish to choose Simpanan Shariah?
** No, all employers are subject to the existing rules and regulations on contributions.

5. Will there be any additional costs incurred by employers if their employees wish to choose Simpanan Shariah?
** No, there will be no additional costs incurred by employers if their employees wish to choose Simpanan Shariah.

Categories: Malaysia
Tags: kwsp.gov.my
www.statusin.org © 2022 Contact Us   Privacy Policy   Site Map