Employees Provident Fund Act 1991 · Updated to 1 Oct 2025 · Part V · Contributions to the Employees Provident Fund
43A. Election for account of member of the Fund to be managed according to Shariah
Feedback & supportA member of the Fund may elect for all amount standing to the credit of his account to be managed according to Shariah subject to any terms and conditions as may be prescribed by the Board.
member of the Fund
“member of the Fund” means a person who has an account and credit with the Fund;
The election under subsection (1) shall be made in such manner as may be prescribed by the Board and the election shall take effect from the date as determined by the Board.
prescribed by the Board
“prescribed by the Board” means prescribed by rules made under this Act;
54 Laws of Malaysia
The Board shall notify the effective date of the election determined under subsection (2) to the member of the Fund not less than seven days before the effective date.
Board
“Board” means the Employees Provident Fund Board established under section 3;
The member of the Fund may, before the effective date of the election determined under subsection (2), revoke his election in such manner as may be prescribed by the Board.
After the election made under subsection (1) is effective, the
Board shall segregate the account of such member of the Fund from other accounts of the members of the Fund—
who have not made the election under subsection (1); and
who have made the election under subsection (1) but the election has not come into effect, for the purposes of managing the account of the member of the Fund according to Shariah.
Remittance of funds in connection with retirement