When I meet, my non Muslim clients who are learning more about Islamic finance, sometimes they are curious, and they asked me, why Muslims cannot take interest. (riba) Why, Muslims, cannot include speculative investments, like derivatives etc2, in their investment portfolio? (maysir) I will normally answer, that God doesn’t allow us and stop at that. Today, I decide to blog [...]
1. May 2013
M9A Insurance Regulatory Exam Blog Post No 3
I have written 2 blog posts, sharing with you on how options work. Click the link below to read them again. 1) http://helmihakim.com/investment/m9a-insurance-regulatory-exam-blog-post-no-1/ 2) http://helmihakim.com/investment/m9a-insurance-regulatory-exam-blog-post-no-2/ ………………………………………………………………………………………….. …………………………………………………………………………………………… Now, you have a clearer understanding on how option works. In this blog post, I am going to share with you today on 4 most commonly use, option strategies. [...]
1. May 2013
M9A Insurance Regulatory Exam Blog Post No 2
When the investor is bullish about the stock’s performance and expect stock’s price to go up, he buys (long) a ___________ option. When the investor is bearish about the stock’s performance, and expect stock’s price to go down, he buys (long) a ____________ option. …………………………………………………………………………………………………………………………. …………………………………………………………………………………………………………………………. If you cannot answer this question, do [...]
29. April 2013
M9A Insurance Regulatory Exam Blog Post No 1
I understand that some of my colleagues, in the finance industry find it challenging to pass the regulatory exam, M9A. Thus, I will like to make a small contribution here. I will be writing a few blog posts, to help explain in a simple, easy to understand manner, concepts that you need to know, when you undertake [...]
25. April 2013
The Mechanics Behind The Formula Of Compound Interest….
Today, I am going to share with you what most finance courses out there, dont teach you. The Mechanics Behind The Formula Of Compound Interest! In one of my previous blog post, I have shared on how to calculate compound interest, without using a financial calculator. This is the formula again. Principal (1+interest)number of years [...]
24. April 2013
Financial Consultant, Helmi Hakim Graduates With First Class Honours….
Alhamdulillah Wa Shukrillah…. I have finally graduated with Bachelor Of Science (Hons) in Banking and Wealth Management, University Of Wales, UK, with first class honours. It has been an uphill task thus far, juggling appointments with clients and school, but a rewarding and satisfying one. I have made great friends along the way and learnt [...]
12. April 2013
Disability Insurance Plan In Singapore, What Is It All About?
Incomeshield, Primeshield, Eldershield, Myshield, Supremeshield, Medishield….. All sounds like the same, and clients tend to confuse, which is which. I met my prospects who thought that they have a hospitalisation plan and it turns out to be a disability insurance plan, vice versa. …………………………………………………………………………………………………………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………………………………………………………………………………. Today, I am going to explain more on disability insurance [...]
26. February 2013
I just thought, wanna buy a car in Singapore…
I was planning to buy a car, paying a downpayment of $10,000 and rest on loan. Everything is now stable. I completed my degree. I am happily engaged with my beautiful fiance, getting married at the end of the year, and Alhamdulillah, now, I am having lots of appointments non stop, justifying that a car [...]
8. October 2012
Malay Weddings: How Much Money You Need, To Get Married In Singapore?
My friend always tell me, “You all Malay, very lucky one….. We, Chinese ar, our wedding can cost $50,000 – $60,000…… Our life savings all gone….” I used to agree with them, until I plan for my own one…. but now, I have a come back line, ” Ya lah….But you all can cover back [...]
16. August 2012
Financial Consultant, Helmi Hakim’s Perspective On 50 Year Housing Loans In Singapore…
I was reading the Straits Times Forum where the author describes introducing 50 year housing loan as being “imaginative”, and as a “daring to be different” move. http://www.straitstimes.com/premium/forum-letters/story/nothing-wrong-50-year-housing-loans-20120816 I beg to differ with the author. Though, stretching a loan to 50 years, makes the monthly instalment more affordable, it also reduces the payer, to a mere debt [...]
6. August 2012
Will Gold Price Always Go Up, Up and Up And Never Come Down?
“We must keep gold because American dollar is depreciating” “European countries like Greece, Spain, Italy and Portugal are having debt crisis. We should buy gold.” “Capitalist economy is moving towards destruction. Keep gold.” ……………………………………………………………………………………………………………………………………………………………………………. ……………………………………………………………………………………………………………………………………………………………………………. This is the tagline that I get, whenever I meet anyone, advocating the idea of investing their money in gold…. [...]
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2. May 2013
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