“Is Islamic banking viable?”

The following is my answer to a Quora question: “Is Islamic banking viable?” If by viable, you mean to ask if there is there a market for it, then it is because enough people believe in it for it to exist. It is a growing field, and it is evolving. If by viable, you meanContinue reading ““Is Islamic banking viable?””

Of Shariah-compliant investments

[This post was originally shared on my FB profile on 27 December 2019.] When asked about shariah-compliant investments, I personally would steer towards realm of permissibility as it would widen a client’s option. I personally do not view investments for Muslims to be too rigid as how some would portray it under the claim ofContinue reading “Of Shariah-compliant investments”

What are the best ways to give money to your heirs while you are alive?

The following is my answer to a Quora question: “What are the best ways to give money to your heirs while you are alive?” You have many options, and many forms of transferring wealth. One of the best ways is to set up a revocable or irrevocable trust, with yourself as settlor, and trustee. YouContinue reading “What are the best ways to give money to your heirs while you are alive?”

Zakat on Savings: Multiple Accounts

[Zakat in Practice (part 11)] [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,Continue reading “Zakat on Savings: Multiple Accounts”

Zakat on Savings: Savings in the bank

[Zakat in Practice (part 10)] [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,Continue reading “Zakat on Savings: Savings in the bank”

Zakat on Gold

[Zakat in Practice (part 8) ] [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 onContinue reading “Zakat on Gold”

Conditions of Zakat

[Zakat in Practice (part 7)] [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,Continue reading “Conditions of Zakat”

Zakat on Wealth

[Zakat in Practice (part 6)] [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,Continue reading “Zakat on Wealth”

Do I have to pay Zakat on wealth in Ramadan?

[Zakat in Practice (part 5)] [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,Continue reading “Do I have to pay Zakat on wealth in Ramadan?”

Zakat in Practice (part 4)

[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 4)”

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