Employees’ shariah provident fund in Malaysia: a juristic analysis صندوق التقاعد الشرعي للعمال بماليزيا: تحليل فقهي

Hanafi, Khalil Husni and Sawari, Mohd Fuad and Dollah, Nafi@Hanafi (2019) Employees’ shariah provident fund in Malaysia: a juristic analysis صندوق التقاعد الشرعي للعمال بماليزيا: تحليل فقهي. International Journal of Fiqh and Usul al-Fiqh Studies, 3 (2). pp. 91-97. E-ISSN 2600-8408

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Abstract

The purpose of this article is to analyze the experience of the Employees’ Provident Fund or EPF in the management of the Shariah Fund and the jurisprudential adaptation of its activities and investments. This article selects the EPF in Malaysia as a model for analysis as a successful financial project. This article uses both inductive and analytical approaches to achieve its objectives. Malaysia's Shariah Retirement Savings Fund for workers needs to develop Shariah-compliant investment methods to achieve the objective of investing the savings of contributing members with a good financial return so that the members’ financial assets in the fund will increase. The article reveals that the Malaysian Workers’ Provident Pension Fund was developed on the wakālah (agency) contract which matches the nature of the fund's activities with its rich, flexible and secure features.

Item Type:	Article (Journal)
Additional Information:	1469/82736
Uncontrolled Keywords:	Employees provident fund, Shariah saving account, Jurisprudence adaptation, Wakālah contract
Subjects:	BPH Islamic Economics > BPH600.23 Wakalah - Contract Of Agency H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. > KBP639 Muʻāmalāt
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	Dr Mohd. Fuad Md. Sawari
Date Deposited:	07 Oct 2020 10:00
Last Modified:	07 Oct 2020 10:00
URI:	http://irep.iium.edu.my/id/eprint/82736

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