MALAYSIA: The Employees Provident Fund (EPF) has set up a program to invest in Malaysia’s global Sukuk, increasing its holdings to US$1.75 billion this year from US$650 million in October last year, according to Wan Kamaruzaman Wan Ahmad, its general manager.
He added that the EPF is expected to invest up to RM90 billion (US$28.9 billion) in the country’s government and corporate bonds this year.