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Malaysia’s Employees Provident Fund declares highest dividend rates in seven years

Bloomberg
Bloomberg • 2 min read
Malaysia’s Employees Provident Fund declares highest dividend rates in seven years
The Employees Provident Fund announced a dividend of 6.3% for 2024 for both conventional savings and the Shariah accounts. Photo: Bloomberg
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Malaysia’s largest pension fund declared its highest dividend rates in seven years, attributing the success to recovering markets, resilient economic growth and sound portfolio management.

The Employees Provident Fund announced a dividend of 6.3% for 2024 for both conventional savings and the Shariah accounts — investments made in line with Islamic principles.

The total payout amounted to 73.2 billion ringgit ($22.16 billion), according to a statement on its website.

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