Some of you know that I recently went on a 23 days juice detox.
It is part of my new year’s resolution to eat healthy.
Stay fit.
Our body is an amanah from Allah S.W.T.
And we have an obligation to take care of our body through proper nutrition and exercise.
Detoxing my body through juice detox was a totally new experience for me.
For the very first time, I cleansed my body. Cleansing is a process to remove toxins from my body.
It looks simple. Yet its challenging.
But Alhamdulillah.
With proper guidance from my nutritionist and mentor, I managed to overcome it….
(Gallstones that came out of my body during my 2nd phase of Detox)
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Having said that, today I want to share more on the similarities of detoxing your body and Islamic Financial Planning in Singapore. 🙂
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1) Detoxing Your Body and Islamic Financial Planning involve processes
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Previously I thought that detoxing my body involves simply drinking fruit juice.
Or perhaps lemon juice.
Or perhaps aloe vera juice.
No.
There are many rules and processes to it.
Example, 80:20 rule.
80% of the juice must come from vegetables and 20% from fruits.
I learnt the proper step by step process of detoxing my body.
First 10 days: colon and kidney detox.
Next 7 days: gallbladder and liver detox.
Last 7 days: juicing.
It is a very elaborated process, yet I enjoyed my journey very much! 🙂
(Video of Financial Consultant, Helmi Hakim juicing his juices.)
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Similarly in Islamic Financial Planning, there are a number of steps and processes that I share with my clients.
Firstly, the FLAIR concept.
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Financial Objectives, Liquidity, Affordability, Investment Time Horizon, Risk Profile.
(F.L.A.I.R. concept used by Islamic Financial Planners in Singapore)
(Financial Consultant, Helmi Hakim sharing more on FLAIR)
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For Muslims, we have to understand the prohibition of Riba, Maysir and Gharar.
Riba, meaning payment or receipt of interests is strictly forbidden.
Allah S.W.T said in the glorious Quran, Surah Al Baqarah, Verse 275:
“Allah has permitted trade and has forbidden interest”
Maysir, meaning any form of gambling. And Gharar, meaning uncertainty. Both are not allowed.
As stated in Surah Al-Maeda, Verse 90:
“O ye who believe! Intoxicants and gambling, (dedication of) stones, and (divination by) arrows, are an abomination,- of Satan’s handwork: eschew such (abomination), that ye may prosper.”
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Understanding the different type of shariah compliant screening methodologies is crucial for
us to build our 100% shariah compliant portfolio.
The entire process is very IMPORTANT!
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Because many have the misconception that as long as the financial instrument has no pork. Has no lard.
Automatically it becomes Halal. .
They call it ‘Muslim friendly’ financial instrument. .
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I have to politely remind them ‘Muslim friendly’ NOW, does not mean ‘Muslim friendly’ FOREVER.
and Halal financial instruments go beyond No Pork, No Lard.
There are other additional requirements to it…………
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That is why I advocate shariah compliant financial instruments.
These group of Islamic Finance scholars will monitor endorse that the underlying assets are 100% HALAL at any given point of time.
Today. Tomorrow. The day after.
Forever.
As long as the shariah compliant fund remains to exist.
This gives us investors the peace of mind that our financial portfolio is 100% Halal all the time.
Peace of mind in this dunya.
Peace of mind in the akhirah.
Alhamdulillah! 🙂
And of course we learnt from an investment perspective how you can make your money,
the shariah compliant way in Singapore.
(Halal Financial Plan Card I get my clients to keep at their home. I target to distribute it to every single Muslim household in Singapore. Insya’Allah)
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2) You need guidance.
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I remember snapping photos of 10 different type of bread and Whatsapp-ing them to my nutritionist seeking for approval.
The types of nut butter I can eat.
Or I cannot eat.
What to look out for when reading the ingredients.
I even went for cooking classes to learn how to cook delicious yet healthy food. Some people told me. “Alahhhh Helmi.
You can learn everything from Google.”
The issue here, there are too many different opinions in Google.
And you don’t know which is right. And which is wrong.
That is why you need professionals to guide you step by step in achieving your goals in a seamless process.
(Pictures of healthy food that I learnt to make myself)
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Similarly in managing your finance the shariah compliant way in Singapore,you need a mentor or a coach.
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Christiano Ronaldo, the world’s famous football player has a coach.
Tiger Woods, the world famous golfer of all times has a coach.
Khabib, the UFC martial artist champion has a coach.
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A mentor and coach can help you with 2 things.
First, show you how to get from Point A to Point B.
Secondly, make you aware on your blindspots and obstacles that you should avoid so that you don’t tumble and fall.
When you have a mentor, you have the “certainty” to know if you are in the right direction or not.
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Have you realise that time flies VERY FAST?
So fast, that is now February 2020!!!
Don’t waste time figuring out on your own.
Having a mentor can fast track your journey towards success.
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Fast Action, Fast Results.
Slow action, little results.
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Speed… Its now or never! Find yourself a mentor!
3) Right circle of friends
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I remember when I first got excited learning all these awesome new health info, I had the inclination to share.
But my idea got immediately shot down by others saying it is a waste of time.
Immediately, I stopped sharing and stayed focus.
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Sometimes, when you start planning your finance the shariah compliant way in Singapore, it is good
to keep things to yourself.
When you are new at something, keep things for yourselves.
After you get some success, then slowly encourage your loved ones.
And also start building your circle of friends who share the same goals as you.
There are many out there who can give you hundreds of reasons on why things won’t work.
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I treat them as excuses.
Justifications on why things wont work is just “NOISE”.
Don’t give power to noise.
Ignore them. Treat it with a pinch of salt.
When people say, “Islamic Finance is impossible in Singapore…”
My head goes “blah blah blah….”
When people say, “Riba is now acceptable…”
My head goes “blah blah blah…”
When people say, “You are never good enough…”
My head goes “blah blah blah….”
The “noises” are like the “blah blah blah….” in this song.
My favourite song currently. Listen to it! 🙂
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4) Your BIG WHY is important
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Part of my detox process involves swallowing the mixture of olive oil and lemon juice.
My gosh! That was the most challenging part of my detox.
I was like “Yucks!!!”
Felt like vomiting.
At that point of time, the question “why am I doing this?” played in my mind.
Felt like giving up. To me, giving up is easy.
So I took a bit of time to remember my BIG WHY.
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Similarly, when you want to plan your finances, theshariah compliant way in Singapore, your WHY is important.
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My friends….
When you know your WHY,
your HOW will suddenly come knocking at your door. 🙂
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Your BIG WHY will give you the energy to follow through the goals that you set in the first place.
Why are you doing what you are doing now?
Are you saving up for your child’s education? Why save up for your child’s education?
(My daughter loves her new school bag)
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You save up because you want to see your child be able to study in a good university in the future.
You want your child to be a doctor. A teacher. A lawyer.
An engineer.
An artist.
You want your child to be a successful individual who can add value to the society.
Or are you doing it for your retirement? Why save up for your retirement?
What type of retirement do you want to lead in the future?
When are you going to retire?
Bottom line, WHY you are doing something comes before HOW to achieve it.
Explore the reasons.
It will bring you far.
5) Successful people begin something and do it till they meet success.
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I like a quote by Profesor Hamka, a renowned Southeast Asian Muslim scholar and cleric.
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Kalau hidup sekedar hidup, babi di hutan pun hidup. jika kerja sekedar kerja, kera juga berkerja.
Which means…
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It only means that whatever you want to achieve in life, work towards it relentlessly.
If we do things for the sake of doing, sambil lewa, how are we different than the animals in the jungle?
When I was doing my 23 days detox, there are a number of times I felt like giving up.
Especially towards the last few days when we were only allowed to drink juices.
No solid food.
When I was fasting during the month of Ramadan, at least I could look forward to iftar.
Last few days of my detox process, I was on a liquid diet.
Not easy.
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Last kopek already. Jangan hangat hangat tahi ayam. Genggam bara api biar sampai jadi arang.
Successful people begin something and do it till they meet success.
How you do anything is how you do everything.
It’s now or never!
You start it. You finish it…. AS A CHAMPION! 🙂
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Now… I hope you have benefited from my sharing on Detox Your Body and Islamic Financial Planning in Singapore For Year 2020.
If you are seeking a mentor, coach, consultant to share with you practical aspects on how you can plan your finance, the shariah compliant way in Singapore, I am always ready to help you.
In my profession as an Islamic Financial Consultant in Singapore, I always emphasize the importance of setting goals.
I know. It might sound cliche.
Everyone knows the importance of setting goals in life.
Everyone knows about the SMART goals concept. Specific,Measurable,Attainable,Realistic,Timely.
Yet….
Most never do it!
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Or worst!
They set goals haphazardly!
Anyhow whack.
Setting goals for the sake of setting it. And when they don’t achieve a target, they BLAME everyone else except themselves!
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Today, I want to share with you 1 secret technique.
1 super simple yet powerful exercise that will open your eyes, your heart and your soul
to comprehend the importance of having clear, unambiguous goals.
I’ve never shared this exercise openly in public before.
Reserved specially for my clients to show them the importance for
them to be super clear of their goals.
Yet for the first time ever, I am revealing it to you.
You will understand why by the end of the post.
I promise! 🙂
I want you to take out a pen and piece of paper. Participate in this simple quiz below.
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Choose 1 out of the FEW options below.
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1) Red/ Green / Black / Gold
Choose 1.
Red, Green, Black or Gold?
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2) Full Moon / Crescent Moon / Lunar Eclipse
Choose 1.
Full Moon, Crescent Moon or Lunar Eclipse?
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3) 5 / 14 / 40
Choose 1.
5, 14 or 40?
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4) Wood / Cloth / Stone
Choose 1.
Wood, Cloth or Stone?
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5) Planet / Comet / Stars
Choose 1.
Planet, Comet or Stars?
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Have you made your CHOICE?
Take your time and choose carefully.
Come on…. Complete this exercise before you scroll down. Make sure you have chosen your 5 options….
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Now what if I say, the answer that I am looking at is this… 🙂
Our Singapore flag! 🙂
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Wouldnt it be much easier for you to choose the answers
if I show you the Singapore flagUPFRONT? 🙂
That is why in my job as an Islamic Financial Consultant in Singapore,
I always share with my clients that they need to be super duper clear of what they want.
Especially their financial goals.
Because Numbers don’t lie.
When you are clear of your goals, only then you can make the right choice.
A goal that is properly set is halfway reached.
In addition to that, I want you to have a small exercise book.
And commit yourself to write down your goals in that book.
Write it. Read it everyday. By recording your dreams and goals on paper, you set in motion the process of becoming the person you most want to be.
Put your future in good hands-your own! 🙂
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And talking about setting goals.
I am honoured to have visionary leaders leading our beautiful country. Our founding fathers set goals early.
Achieved them. And generations to come benefit from their foresight.
On this special day, I would like to wish all Singaporeans a Happy National Day!
Enjoy your day with your loved ones!
And I want to end this post with Singapore’s Papa Rock, Ramli Sarip, singing our National Anthem!
Majulah Singapura! 🙂
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Now… I hope you have benefited from my sharing on 1 Secret Technique To Show You The Super Power Of Setting Goals………
If you are seeking a mentor, coach, consultant to share with you practical aspects on how to set goals and how you can plan your finance, the shariah compliant way in Singapore, I am always ready to help you.
I love my job as an Islamic financial consultant in Singapore.
This job offers me the freedom of time.
Do what I want and when I WANT it.
I can choose to pray my fardhu prayers at the mosque
or at the comfort of my home. (My officeis just 3 buildings away from Masjid Ghufran).
I can choose to spend more time with my loved ones,
travelling all over the world.
(Me and my beautiful family spending quality time together)
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And also, being an Islamic Financial Consultant in Singapore offers me the opportunity to interact with people from all walks of life.
I have the opportunity to observe and identify common traits of Singaporean Muslims who have achieved an admirable level of financial success.
They come from different industries.
Yet, all of them share this pattern.
Very common pattern.
I call this “Patterns of Success Dunia Akhirat”
This pattern sets them apart from others.
And I am going to share with you my findings, “5 Shariah Compliant Tips To Achieve Financial Success in Singapore”.
Bismillah! 🙂
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1. Strengten our relationship with Allah + Blessings From Your Parents
Some of you know that the month of June was a challenging month for me.
I was hospitalised for 8 days due to high fever
(Myself being hospitalised for the first time in my life)
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and my father-in-law passed away in that very month.
Sleepless nights.Emotional roller coaster rides – up and down..
I redha what happened.
I accept that it is Qada and Qadar.
Ketentuan illahi.
The episode taught me 1 thing. Treasure your loved ones.
Especially your parents.
They are our keramat hidup. One of themost POWERFUL nikmat that you have in this world if your parents is alive is their DOA.
Their prayers for your success. Their blessings.
(A picture of my parents, my sister, my brother-in-law and us!)
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Everytime I am confronted with challenges in life.
Or presented with opportunities that send butterflies to my stomach.
The first thing I seek is DOA, prayers from my parents.
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I realised those who are successful, they are very, very close to their parents.
They preserve silaturahim with their loved ones.
In addition to that, they understand 1 thing. Rezeki is from Allah S.W.T.
Financially successful Muslims take every action to strengthen their relationship with Allah S.W.T.
Through Solat Taubat.
Solat Tahajud.
Solat Hajat.
Solat Istikharah.
Solat Duha.
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(Sadaqah (Give to charity) andask help from our creator through prayers)
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Prophet Muhammad (Peace and Blessings Be Upon Him) said “la tatahrroku zarratun illa biiznillah”
(Not even a particle can move without the permission of Allah)
Do not depend on anyone.
Place your hopes only on Allah S.W.T.
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2. Pay your zakat harta
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Zakat is one of the pillars of Islam.
In my experience as a financial consultant,
when I conduct financial analysis for the public,
I realise many of our fellow Muslim Brothers and Sisters forget to pay zakat harta.
They pay zakat fitrah every Ramadhan.
But they overlook their zakat harta. They totally forgot about it!
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Some even question me the rationale.
The logic of paying Zakat Harta.
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“What Helmi? Because I have $100,000 for the past 1 year and multiply it with 2.5% –
I need to pay zakat of $2500 cash.
If I have $200,000 – I have to pay $200,000 X 2.5%.
I need to pay zakat of $5000! $5000 IS A LOT OF MONEY!!”
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I replied.
Zakat is 1 of the pillars of Islam.
(5 pillars of our Islamic Faith)
It is OBLIGATORY upon every adult Muslim of sound mind and means.
Zakat Harta is OBLIGATORY for Muslims whose wealth/savings that has reached its Haul (more than 1 year) and has reached kadar Nisab value (Refer to MUIS website for the current Nisab value).
The amount of Zakat to be paid is 2.5% of Nisab.
(Niat Zakat)
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Allah S.W.T. told us in the Quran, Surah at-taubah verse 60, on how zakat is disbused to the 8 asnafs.
“The alms are only for the Fuqara’ (the poor),
and Al-Masakin (the needy)
and those employed to collect (the funds);
and to attract the hearts of those who have been inclined (towards Islam);
and to free the captives;
and for those in debt;
and for Allah’s Cause, and for the wayfarer (a traveler who is cut off from everything);
a duty imposed by Allah. And Allah is All-Knower, All-Wise.” [Al-Quran 9:60]
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If you need to pay zakat, you should shukur. You should be grateful.Because it means you are self sufficient.
You are in the position to give.
And if you are yet to have the opportunity to contribute to zakat harta due to not fulfiling the syurut of zakat/ requirements above, give sadaqah jariah.
Because by giving sadaqah jariah, Insya’Allah you will be blessed with the rezeki to contribute to zakat harta in the near future.
Amin. Allahumma Amin… 🙂
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3. Just Do It
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I like NIKE’s tagline.
Just do it.
That is the tagline of financially successful people.
After they seek ilmu, they don’t ‘terhegeh hegeh’ (procrastinate). They immediately take action! 🙂
I always share with my clients. Knowledge is not power. Knowledge TURNED into action is POWER!!!
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You know the ways to FATTEN your wallet
These are the ways to have more numbers in your Al Wadiah savings account
These are the ways to GROW your money the Halal way
These are the ways to CREATE your streams of shariah compliant passive income
You seek the knowledge. And what should you do? Take action immediately!
The best way for you to learn something and get results is to do it.
DO THE REAL THING….
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(Cone of learning shows that the BEST way to learn and GET RESULTS is by doing the real thing)
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I have never met anyone becoming successful just by reading books, and not taking action. To me knowledge is not power. KNOWLEDGE TURNED INTO ACTION IS POWER!!!
Knowledge without amal (action) is like a tree that does not bear fruits. Wasted right? 🙂
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4. Mentor
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The 4th shariah compliant tips to achieve financial success is to have a mentor.
I have been sharing this many times.
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There is nothing new on this earth created by Allah S.W.T.
Whatever you want to achieve, somebody else has already achieved it. ..
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So what you need to do.
You need to find them.
You need to befriend them.
And you need to model them.
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Financially successful people have mentors and coaches to guide them.
To show them the ropes.
To warn them if there are any obstacles at their blindspot.
Success is by design, not by accident my friends. We have to plan our success.
And having a mentor who has achieved what we want to achieve is a sure fire way to shortcut your route to be a financially successful Muslim in Singapore.
Amin. Insya’Allah. 🙂
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5. Ultimate Vision is Jannah
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Ultimate vision for us on this planet earth is to go to heaven in the hereafter.
This world is temporary.
Before we come to this earth, Allah S.W.T. asked all the creations, if we want to undergo a test.
Life is the test.
Allah S.W.T. told us, that the angels, the animals and the mountains refused, because they knew, they cannot bear that test. But we humans in our ignorance, agree to be tested. All of us.
Indeed, we offered the Trust to the heavens and the earth and the mountains, and they declined to bear it and feared it; but man [undertook to] bear it. Indeed, he was unjust and ignorant. (Quran 33.72)
You will say now:
I don’t remember being asked. Me too, I don’t.
We all don’t.
That knowledge was been wiped out for the period of the test.
But on the day of judgement, we will all remember that.
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My friends… We will die.
And we will be resurrected. And we will be held accountable on the day of judgement for our deeds in this dunya.
That is why I always ask myself.
Anything I do.
Every single action I take. Will it bring me closer to Jannah?
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One aspect that I hold on dearly is managing one’s personal finances.
Financially successful Muslims are very concerned with how they earn their money.
How they grow it. And how they spend it.
We ensure that every single step to earn our money.
To grow our money. And to spend our money.
Is shariah compliant. HALAL!🙂
Because why? Because we will be held accountable on the Day of Judgement.
Financially successful Muslims set our targets on Jannatul Firdaus.
Amin. Insya’Allah! 🙂
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Now… I hope you have benefited from my sharing on 5 Shariah Compliant Tips To Achieve Financial Success in Singapore…….
If you are seeking a mentor, coach, consultant to share with you practical aspects on how you can plan your finance, the shariah compliant way in Singapore, I am always ready to help you.|
Many of you might have known me as the financial consultant who specialises in helping Muslim families plan their finance, the shariah compliant way in Singapore.
(Myself sharing on Islamic Finance in Singapore on a national TV show, “Alah Abang, Amboi Kakak”)
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In my profession, I met skeptics who have misconceptions about shariah compliant financial instruments in Singapore.
And I am here to provide enlightenment. Insya’Allah. 🙂
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Misconception #1: Shariah Compliant Financial Instrument is EXPENSIVE
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FACTS:
All plans from financial institutions come with charges.
The shariah compliant ones. Or the non shariah compliant ones.
How to know there are charges?
Simple.
Get a plan today, and terminate it 6 months later. Your cash value will be 0 or lesser than the amount you put in because of the upfront charges.
Let’s face it.
Nothing in this world is free.
Yet, if you were to calculate the effective profit rate (Malays call it untung bersih) of shariah compliant investment over a time period of 20 years.
The effective profit rate is WAY BETTER than effective interest rate of most conventional financial instruments out there.
You fulfill your long term financial objectives, the shariah compliant way in Singapore.
You get the best of both worlds. Dunya.
And akhirah. Alhamdulillah. 🙂
(Islamic Finance practitioners constantly upgrading ourselves, learning new market updates conducted by Brother Adnan from Wellington Management, NTUC Takaful Fund manager.
Wellington Management has been managing NTUC Takaful fund since 17 Oct 2010)
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Misconception #2: Shariah compliant instruments are actually not Halal
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The 2nd misconception I get is that Shariah compliant instruments actually not Halal.
FACTS:
The basic rulings of Muamalat.
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“All things are considered lawful, except for what has been prohibited”.
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We know riba, maysir (gambling, speculation) and gharar are PROHIBITED.
You can’t invest in Haram businesses involving pork, casinos, alcohol and weaponry.
And there is a set of financial ratios shariah compliant investors have to observe.
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………….. One of my favourite questions.
Today, you are an INVESTOR.
You open up a brokerage account. And you want to invest in stocks.
Of course lah, you want to invest in Halal stocks. Not Haram stocks.
How to know the stock is Halal or not Halal?
In the world, there is this thing called shariah compliant screening methodology.
(One of the platforms I am using now to screen for shariah compliant stocks)
Dow Jones Shariah compliant screening methodology
MSCI
AAOFI (those in gulf countries like Dubai, Bahrain, Kuwait, Oman, Saudi adopted this)
Al-Rajhi
KSE Meezan
Malaysia also has their shariah screening methodology by Bank Negara.
Each screening methodology has their panel of Islamic Finance scholars to ijtihad and determine the stocks Halal or not Halal.
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Why is it important to have panel of Islamic Finance scholars?
Because what is Halal now might not be Halal 1 year, 6 months or even 3 months later.
~~The portfolio of shariah compliant stocks changes over time.
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The duty of the Islamic Finance scholars is to monitor if the stock is Halal or not Halal.
REAL TIME.
In accordance to the shariah compliant screening methodology adopted.
This gives us investors the peace of mind that our portfolio is not just 60% shariah compliant.
Not 70% shariah compliant.
But 100% shariah compliant!
Alhamdulillah 🙂
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Misconception #3: Islamic Insurance is only for old people
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Another misconception that I always got is that Islamic insurance in Singaporeis only for old people.
You know.
Atok atok.
Nenek Nenek.
Alaaaaahhhh… Basically the warga emas generation.
We are the Instagram generation! Still young.
Won’t fall sick easily one! Waste money only buy insurance when still young and energetic.
You know what?
I used to feel the same way too.
My perspective CHANGED when I stepped into the financial planning industry in the year 2007.
And it cemented further when I was hospitalised for 9 days due to high fever.
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FACTS:
Young people. Old people. Teenagers.
Infants. ALL OF US NEED INSURANCE!
(Myself spending malam raya alone in the hospital. Sendu….)
To me….
Halal insurancerepresents hope.
It represents love.
It represents dignity.
It represents peace of mind.
It represents Aspirations. Dreams. Promise. Shelter.
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(Alhamdulillah. Rezeki from Allah S.W.T.
Doctor allowed me to leave hospital for a few hours to celebrate Hari Raya with my family.)
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In your pursuit to achieve your goals in life, always….
Always… Remember this…
“Halal Insurance is a very, very important asset in your balance sheet.”
Be it you are old.
Young. Single. Married.
You need contingencies in a form of Halal Insurance.
It is like cruise ship. We know cruise won’t sink.
But why are there life boats in place? The life boat is JUST IN CASE. Halal Insurance is JUST IN CASE.
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Now… I hope you have benefited from my sharing on 3 Misconceptions Millennials Have About Shariah Compliant Financial Instruments In Singapore……
If you are seeking a mentor, coach, consultant to share with you practical aspects on how you can plan your finance, the shariah compliant way in Singapore, I am always ready to help you.
Our thoughts about money have more power than we think.
For example, if we have positive thoughts about saving money, we’ll be motivated to accumulate money. When we are motivated, we will look for all sorts of creative ways to save money everyday and even feel good about it!
In a visual way, we can represent it like this:
Positive thoughts (“I can save money easily”), positive feelings (Motivated towards saving money),desirable actions (You look for ways to save money & also feel great about it)
But what if we have negative thoughts about money?
Examples of negative money thoughts are:
“Money is difficult to save – everything in Singapore is expensive.”
“I’m fated to be broke my entire life.”
“Rich people make money by cheating others.”
“I’m terrible at making money.”
“Money is the root of all evil.” (does this sound very familiar? =P)
Money in itself is a neutral object..
The meaning we attach to money will determine how we handle money in our lives.
If we think money is evil, chances are: it will be hard for us to make money. That’s because our minds link money with something bad!
If we think we are blessed and surrounded with abundance and rezeki, we will feel at peace even if we live in a small makeshift hut in a forest.
Our minds and thoughts have great power over our feelings and actions. That’s why it’s important to have a healthy mindset about money.
But what if we already have negative beliefs about money drilled in our minds since young?
There are 2 stages how you can change your unhelpful money mindset.
STAGE 1 : Catch Your Unhelpful Thoughts
Stage 1 is about catching our unhelpful thoughts.
This is not as easy as it seems. Our thoughts happen in a flash and we are not used to catching them. If you have many thoughts in your mind, identify the ones which make you feel the worst.
If you are still not sure how to start, below is an example.
How do we catch our unhelpful or negative thoughts?
There are a few characteristics to look out for:
a. Negative thoughts happen immediately after an event.
For example: Let’s say you have to pay $xxxx for an unexpected surgery. Your immediate negative thought might be “Money is hard to save in Singapore.”
b. Negative thoughts are believable and true at that point of time.
For example: At the point of time when you were informed of the cost of surgery, your thought that “Money is hard to save in Singapore” was loud and true.
c. Unhelpful thoughts are linked to bad feelings
For example: If you feel stressed and anxious about the cost of surgery in the example above, it’s because you are having negative thoughts. Your unhelpful thoughts can be: “I’m a burden because I am costing my family a lot of money this month,” “My wife and kids will be unhappy because I’ll have to cut down our entertainment expenses this month,” “I’m destined to be broke because I can’t save money like other people can.”
Our negative thoughts usually have a similar pattern.
In Stage 2, we will use evidence and facts to change our unhelpful thoughts.
For this to work, we can’t change from one thought to the opposite thought – that will be too drastic.
For example, we can’t change a negative thought from “Money is hard to save” to “Money is easy to save” in an instant.
Our aim is to create a new, realistic thought which is more balanced using evidence and facts.
Why do we use evidence and facts?
Because we can’t argue with evidence and facts. They are objective. This is a way for us to ‘trick’ our minds to change a negative thought and create a new one.
For example, let’s say we have a negative thought that says “Money is hard to save.” How do we use evidence and facts to change this belief?
EXAMPLE:
My negative thought: “MONEY IS HARD TO SAVE.” Step 1: Find evidence that money is hard to save.
Your list might look like this:
a. I can only save $200 every month even after cutting my budget.
b. I have to relieve stress by spending a lot of money on holidays and luxury goods.
c. Singapore is an expensive country – everything costs money.
Step 2: Find evidence that money is EASY to save.
For example:
a. I have saved $500 once – which is more than my usual $200.
b. I can research for stress-relieving activities which don’t cost a lot of money (surprisingly, some of these activities are way better than shopping sprees)
c. I can choose to prepare and bring my own food to work even though it takes more effort.
d. I can choose to reduce my $6 a day coffee habit.
And so on.
Step 3: CREATE new, realistic thoughts which are balanced.
For example:
a. Singapore is an expensive country, but if I make small changes like reducing my indulgent eating habits, I can save more money than usual.
b. I like to go shopping and go for holidays to escape stress. But if I make the effort to research for stress-relieving methods which don’t cost much money, money is easier to save.
Visually, the whole process can be condensed into the table below:
Situation
Emotion
Automatic Negative Thoughts
Supporting evidence for “Money is hard to save.”
Opposing evidence for “Money is hard to save.”
New, balanced thoughts
Had to pay $4000 for a medical procedure
Helpless
Stressed
Demoralised
“Money is hard to save in Singapore.”
a. I can only save $200 every month even after cutting my budget.
b. I have to relieve stress by spending a lot of money on holidays and luxury goods. No choice.
c. Singapore is an expensive country – everything costs money.
a. I have saved $500 once – which is more than my usual $200.
b. I can research for stress-relieving activities which don’t cost a lot of money.
c. I can choose to prepare and bring my own food to work even though it takes more effort. That can easily help me save money.
d. I can choose to reduce my $6 a day coffee habit. This is an easy thing way to save extra cash.
a. Singapore is an expensive country, but if I make small changes like reducing my indulgent eating habits, I can save more money than usual.
b. I like to go shopping and go for holidays to escape stress. But if I make the effort to research for stress-relieving methods which don’t cost much money, money is easier to save.
In short…
I’ve met many prospects who have a negative viewpoint of money. I’ve also met people who have a healthy connection with money.
Usually, those with a healthier mindset about money will find it easier to save and pay off their debts.
Because thoughts lead to feelings which lead to behaviour.
Positive thoughts about saving money —> Positive feelings about saving money —>More effort to save and plan their income.
If you need a coach and mentor to help you to plan your finances the shariah-compliant way in Singapore, you can Whatsapp me at 96520134.
It is a not a magic formula.
Yet I am highly confident, if you read and apply the strategies that I am about to share. It will work like magic for you! Allah Ya Mujeeb! (Allah The Responsive One)
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1) Work as if….
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First thing first you have to understand this.
In business, people pay for value.
How much you are paid commensurates with the value you deliver to the marketplace.
What I want you to do
Be it if you are self employed OR a full time employee….
If you earn $2000/mth, work as if you are paid $4000/mth.
If you earn $5000/mth, work as if you are paid $10,000/mth.
If you earn $10,000/mth, work as if you are paid $20,000/mth.
Yet sometimes, I have people who told me.
I work for more than I’m paid.
“My boss doesn’t appreciate me. Pay increment is not in his dictionary.”
Well…
If you are an employee, it is time for you to build up your emergency funds (6-12 months expenses), and find a new boss.
If you are a business person, it is time for you to review your business strategies.
Yet, 1 common denominator that I strongly advocate is HARD WORK. ‘Man Jadda, Wa Jadda’ whoever strives shall succeed.
The more value, you deliver, the more money you make.
Below is an idea I get while reading Russel Brunsen’s book, and I find it super relevant.
It is called the “Value Ladder”.
I call it, “The More Value You Give,The More Money You Make“ Financial Ladder. 🙂
(“The More Value You Give,The More Money You Make“ Financial Ladder)
When you are at work, always, always EXCEED expectations.
Deliver more value than you are required to.
Do your best wherever you are! And in whatever you do!
Soon, Allah S.W.T. will show you the path to people who will pay you for what you are worth. Insya’Allah
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2) Mix with people who earn double or triple your income
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In your industry, definitely there are people earning double or triple your income. Make friends with them.
Okay. If they are self employed like you.
Yet earn double or triple your income.
They know something that you don’t.
They think differently from you.
Yet, most probably they are busi….er than you.
Eat the humble pie.
Make it easier for them to help you. Give first.
Add value to their business first. Then seek help.
Most people called it “Law of Reciprocity”. I call it, “You help me. I help you.” concept.
It works. 🙂
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Another super fast way for you to mix with people who earn double or triple your income is to join personal development/ investment or business seminars.
Usually for seminars, they have success stories.
They have testimonials.
Better still, if they have rag to riches story.
Last time, Person A was not doing so well.
Alhamdulillah after joining a certain seminar, Person A is now doing well. Learn wholeheartedly from the seminar, and make a conscious effort to befriend “Person A” and others.
What we want is the connection.
The circle.
Circle is important.
I know many parents who send their children to good schools because good schools have students with well connected parents.
And the students have a head start to becoming successful, well known, established individuals in the future. The parents want their child to have a good circle in the future.
If you want to double or triple your income, you can consciously alter your circle. I am not asking you to dump your friends!
I am asking you to make more friends with people who are MORE SUCCESSFUL than you.
It is like thermostat adjusting to a certain temperature.
Soon, you will realise that your income will match the circle of friends that you have just built from scratch.
Choose your circle carefully. Because your circle will shape who you become, and your family generations to come.
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3) Write down your gratitude list every morning when you wake up from sleep
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I read from “The Secret”.
They mentioned that to change your life fast:
Use gratitude to shift your energy.
When you put all your energy into gratitude, you will see miracles taking place in your life.
Joy attracts more joy.
Happiness attracts more happiness.
Peace attracts more peace.
Gratitude attracts more gratitude.
Kindness attracts more kindness.
Love attracts more love.
I learnt that as the “Law Of Attraction”. ………………….
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When I learn more about our beautiful religion Islam, I realize a bit of similarity. Allah S.W.T say in Surah Ibrahim, Chapter 14, Verse 7 If you are grateful, Allah will certainly give to you more.
I want you to write down your gratitude list every morning when you wake up from sleep.
Example how to write your GRATITUDE list:
Alhamdulillah, Ya ALLAH. I am grateful because I am alive today.
Alhamdulillah, Ya ALLAH. I am grateful because I believe Allah is God and ProphetMuhammad (Peace be Upon Him) is the messenger of God.
Alhamdulillah, Ya ALLAH. I am grateful because I have a loving family.
Alhamdulillah, Ya ALLAH. I am grateful because I have a fully paid car.
Alhamdulillah, Ya ALLAH, I am grateful because I like my job as a financial consultant. And I have very friendly and understanding clients.
and you have to remember this.
Allah mengikut sangkaan hambanya. (Muttafaqun ‘alaih).
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When you write your GRATITUDE list every morning,
you will attract the good in your life.
Because you thank Allah S.W.T. the goodness that you have in your life.
And you believe that Allah S.W.T. will continue to bring goodness in your life.
What you write, you think, you feel.
You say and do, they are DOA that Insya’Allah will be granted by Allah S.W.T.
Write good.
Think good.
Feel good.
Say good.
and do Good!
It will become a DOA.
Allah Ya Mujeeb! (Allah The Responsive One)
Grant the doa of all my blog readers reading my blog now.
Amin. Amin. Insya’Allah.
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4) Outsource
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If you earnestly do the first 3 actionable ideas I shared with you above, I assure your income will increase. Time will be my witness.
We are still focusing on the 1st step of Takaful.sg “Your Financial M.A.P.” model.
Make Money. So what can you do to Make More Money?
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The next idea is very relevant especially if you are self employed or running your business.
You have to understand this.
”’ You are not Superman.
You are not Batman. You are not Ultraman. Captain Planet.
Teenage Mutant Ninja Turtles. Or POWER RANGERS! (my favourite)
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You and me. We are just normal human beings.
Normal human beings with our strengths and limitations~~~ Learn to OUTSOURCE!
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I remember one of the quotes of wisdom,by a Singaporean entrepreneur, Sant Qiu,
“Whatever you can do, you can do it bigger, better, faster……
with the right team.
So assemble the right team as early as you can and achieve bigger, better results FASTER!”
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Yes. Don’t work alone.
No man is an island.
Even if you follow the movies, you will realise something. Superheros nowadays don’t work alone! 🙂
Gone are the days, where Superheros have their own turfs.
Superman takes care of Metropolis.
Batman takes care of Gotham City.
Captain America, Thor, Hulk, Black Panther all have their own turfs.
Today, we see Ironman assemble his team and combine all these superheros together, to become AVENGERS!
As Avengers, they are now the elite team to guard the world and make it a safe place for all of us.
My question for you. Do you still want to work alone? 🙂
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Last time, when I have a goal, my brain will think this way. “How can I achieve this?”
Now with a team. I think this way. “How can my team and I achieve this?”
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5) Focus on 80:20
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When you focus on everything, nothing changes.
When you focus on one thing, EVERYTHING WILL CHANGE!
In you are in business, you have to realize that 20% of your activities give 80% of your results.
I define this as my “give me a lot of results” task.
I call it, “give me a lot of results” task because I know if I complete these tasks, I will get a lot of things done for the day!
So everyday, when I have my to do list, I will make sure that I complete my “give me a lot of results” task FIRST.
Then, everything else.
By prioritising to complete a task that matters FIRST, I assure you that you will be more productive. And in return your income will increase. I am very confident in that.
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6) Start your day early, don’t sleep after Subuh prayers and perform your Duha prayers
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All the successful people whom I’ve met and had the opportunity to ask questions, I realise they have common traits.
Common patterns.
Things that you can follow and model upon.
1st things 1st, they start their days early.They don’t go back to sleep after their Subuh prayers.
Secondly, Solat Duha.
If you feel too narrow in rezeki, pray 8 rakaat.
If not, 4 rakaat.
Minimum 2 rakaat.
Do it daily.
And consistently.
May Allah S.W.T. bless us with bountiful rezeki! Allah Ya Mujeeb! (Allah The Responsive One)
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7) Istighfar,
Avoid the Haram and Sadaqah
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Istighfar means I seek forgiveness from Allah S.W.T.
The more you Istighfar, Insya’Allah… the more rezeki you will have.
Refer to Surah Nooh, verse 10-12
Second thing is Taqwa.
Avoiding the Haram.
Do what Allah like, and Allah will give us what you like.
Have faith in Allah S.W.T.
And finally Sadaqah.
Strategy No 3, I shared with you about Law Of Reciprocity.
Give first and you shall receive back.
Law with reciprocity with a fellow human being on this earth is very different with law of reciprocity with Allah S.W.T. Law of reciprocity with a human being…1- 1 = 0
Today, you help me. Tomorrow, I help you.
We are done. We are even.
Law of reciprocity with Allah S.W.T. through our sadaqah jariah is different. Law of reciprocity with Allah S.W.T. … 1 – 1 = 10
You give 1, Allah S.W.T. will return you in 10 manifolds.
Bi’iznillah.
Continue to give value. Trust the process.
Make the world a better place to live in.
And Allah S.W.T. will path the way to people who appreciate you for who you are
and the services you offer.
Allah Ya Mujeeb! (Allah The Responsive One)
Grant the doa of all my blog readers reading my blog now.
Amin. Amin. Insya’Allah.
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Now… I hope you have benefited from my sharing on 7 Ways To Double Your Income, The Shariah Compliant Way in Singapore……
If you like to go to the next step of “Your Financial M.A.P” model, how you can accumulate and grow your money, the shariah compliant way in Singapore, I am always ready to help you.
A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients’ financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.