EPF Declares 6.3% dividend rate for Conventional and Syariah Savings - best since 2017

 

Year	Syariah	Conventional
2024	6.30%	6.30%
2023	5.40%	5.50%
2022	4.75%	5.35%
2021	5.65%	6.10%
2020	4.90%	5.20%
2019	5.00%	5.45%
2018	5.90%	6.15%
2017	6.40%	6.90%

EPF Declares 6.3% dividend rate for Conventional and Syariah Savings - best since 2017

Great news for Employees Provident Fund (EPF) members! EPF is thrilled to announce a fantastic dividend payout for the financial year ending December 31, 2024 (FY2024).

For conventional savings, the dividend rate is a strong 6.3%, marking the highest return since 2017's impressive 6.9%! Similarly, shariah savings will also enjoy a 6.3% dividend. This is a notable increase from the 5.5% and 5.4% dividends declared for conventional and shariah savings respectively in FY2023.  

These results have exceeded market expectations, which projected rates between 5.8% to 6.2% for conventional savings and 5.4% to 5.6% for shariah savings. This strong performance is a testament to the EPF's robust investment strategy and the positive momentum in both global and domestic markets.  

In total, the EPF is distributing a substantial RM73.24 billion in dividends for FY2024, a significant jump from RM57.81 billion in the previous year. This is backed by a total investment income of RM74.46 billion, reflecting an 11% increase from FY2023's RM66.99 billion.  

Furthermore, EPF investment assets have grown remarkably by 10%, reaching RM1.25 trillion in FY2024, up from RM1.14 trillion in FY2023. This growth is attributed to strong portfolio income and net contributions of RM108.22 billion, which also saw an 11% year-on-year increase.

EPF Chairman Tan Sri Mohd Zuki Ali highlighted the positive influences contributing to these excellent results. He pointed to the recovery of global and domestic markets, resilient economic growth, and effective portfolio management.

He also emphasized the positive impact of domestic factors, including strong investments, a healthy labor market, and stable inflation. Government initiatives under Budget 2024 and the Madani Economy framework have also played a crucial role in attracting foreign investments and fostering a conducive environment for economic expansion.

EPF is incredibly pleased to deliver these strong returns to all EPF members, reflecting EPF's commitment to securing Malaysian's financial future.

We hope that this performance will even be better in the future.

Happy Investing! 😉