Zakat in Practice (part 3)

[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 3)”

No best way to invest

The following is my answer to a Quora question: “Why is there not a best way to invest?” There is no best way to invest in the same way there is no best car. Some people like road racing, some like off road racing; some like rally racing. Investment strategies depend on the investment horizon,Continue reading “No best way to invest”

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)”

Dollar-cost averaging (DCA)

Dollar-cost averaging (DCA) is an investment strategy in which you: put in regular contributions (for example, monthly or quarterly) over a period of time (say 3 to 5 years, 10 years, or more; depending on your objective) The strategy is to ride or sail thru investment and market fluctuations such that you buy more shares/unitsContinue reading “Dollar-cost averaging (DCA)”

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)”

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