Employees Provident Fund Act 1991 · Updated to 1 Jul 2022 · Part II · The Board and the Investment Panel
23D. Reference to Shariah Advisory Committee
Feedback & support(1)
The Board and the Investment Panel shall refer to the Shariah
Board
Defined · s 2
“Board” means the Employees Provident Fund Board established under section 3;
Advisory Committee any matter relating to Shariah and any matter which requires the ascertainment of Shariah principles by the Shariah
Advisory Committee relating to the accounts of the members of the
Fund whose elections under section 43A have come into effect.
(2)
The advice given by the Shariah Advisory Committee on any matter referred under subsection (1) shall be binding on the Board and the Investment Panel.