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CPF launches a Shariah compliant pensions product, Salih, targeting its 6,000 strong Muslim base

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http://bdafrica.com
County pensions administrator CPF has moved to insulate itself against competition by launching a Shariah-compliant pensions product, Salih, aimed at its 6,000-strong Muslim base.
CPF chief executive Hosea Kili said the members, mainly drawn from 10 counties, can now freely apply to transfer their savings from conventional schemes to Salih.
The new product conforms to the Islamic law and has since been approved by Islamic scholars who will also supervise Salih funds investments, Mr Kili said.

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