Shariah-compliant Investment and Debt

Recently, I came across a Facebook ad on what makes Shariah-compliant Investment different. One of the points mentioned is “No debt or interest payments in the investment structure.” This is a laughable claim as it reflects ignorance of the Facebook page. Anyone who has been involved in Islamic finance would and should know of DebtContinue reading “Shariah-compliant Investment and Debt”

Zakat in Practice (part 2)

[Introduction: This series is a sharing on zakat from the perspective of a financial planner. It is hoped to be educational, informative as well as practical to help readers better understand Zakat, especially Zakat on Wealth, as a Muslim in Singapore. Topics to include: Zakat on Investment, Zakat on Savings, and Zakat on Estate.] [Previously:Continue reading “Zakat in Practice (part 2)”

“7 years of prosperity, 7 years of drought”

And the king said: Lo! I saw in a dream seven fat kine which seven lean were eating, and seven green ears of corn and other (seven) dry. O notables! Expound for me my vision, if ye can interpret dreams. Quran (Yusuf: 43) He said: Ye shall sow seven years as usual, but that whichContinue reading ““7 years of prosperity, 7 years of drought””

Zakat in Practice (part 1)

[Introduction: This series is a sharing on zakat from the perspective of a financial planner. It is hoped to be educational, informative as well as practical to help readers better understand Zakat, especially Zakat on Wealth, as a Muslim in Singapore. Topics to include: Zakat on Investment, Zakat on Savings, and Zakat on Estate.] Zakat,Continue reading “Zakat in Practice (part 1)”

Growing your wealth: savings or investment? (part 1)

Why choose savings? When we say savings, we should not limit to savings account in the bank but also fixed deposits as well as savings/endowment plans. 1. Short-term vs Long-term The main reason one saves in the bank is to preserve capital, in return for very low return (which is not the purpose of theContinue reading “Growing your wealth: savings or investment? (part 1)”

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