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EPF holds US$1.75b in global sukuk
by hlk Tue 18 Oct 2011, 23:03
Malaysia’s state-owned Employees Provident Fund increased holdings of global Islamic bonds to US$1.75 billion this year from US$650 million in October 2010, when it set up a program to invest in the debt, according to the head of treasury.
“We are also looking to increase our mandate to include the Islamic space in the region,” Wan Kamaruzaman Wan Ahmad, who is also general manager at the fund, said at an Islamic conference in Kuala Lumpur today, without elaborating.
EPF’s investment in Malaysian government and corporate bonds is expected to reach RM88 billion (US$28 billion) to RM90 billion this year, he said. Holdings totaled RM27 billion in 2006, Wan Kamaruzaman said. -- Bloomberg
“We are also looking to increase our mandate to include the Islamic space in the region,” Wan Kamaruzaman Wan Ahmad, who is also general manager at the fund, said at an Islamic conference in Kuala Lumpur today, without elaborating.
EPF’s investment in Malaysian government and corporate bonds is expected to reach RM88 billion (US$28 billion) to RM90 billion this year, he said. Holdings totaled RM27 billion in 2006, Wan Kamaruzaman said. -- Bloomberg
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