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EPF Islamic Fund Allocation Set To Boost Sukuk Mart: Says Moody’s

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KUALA LUMPUR: The Employees Provident Fund’s (EPF) explicit allocation of US$25bil to a new fund dedicated to syariah-compliant investment is set to boost the sukuk market, said Moody’s Investors Service. Its Global Head of Islamic Finance, Khalid Howladar, said the allocation, which represented 15% of the EPF’s investment, would create the largest standalone Islamic pension…

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