“Helmi Hakim. I want to buy a house in Singapore. I dont have money to pay full in cash thus I have to take a loan.
Is there shariah compliant home financing facility in Singapore?”
………………………………..
………………
……….
I have made it clear that there is NO shariah compliant home financing facility in Singapore at this point of time.
That’s why I created Takaful.sg with my unique Your Financial M.A.P. Model™ to share simple yet powerful strategies on how you can clear your Riba Based loans in Singapore.
In this blog post, I am going to share with you how shariah compliant home financing facilities actually work.
This is because a lot of people have been asking me- thus I devote a bit of my time to create this blog post. 🙂
…………………………………..
………………..
………….
In this world, there are 3 types of shariah compliant home financing facilities.
Murabaha
Ijarah Wa Iqtina
Diminishing Musharakah
I will explain from an Islamic Finance practitioner point of view in Singapore, and in layman terms.
1) Murabaha
In a Murabaha or cost plus financing, you select a property and the financial institution acquires it.
The financial institution adds its profit and sells the asset to you at an agreed upon price on a deferred, usually installment basis.
Its like a shopkeeper who sells you goods on credit.
(Cost Price + Profit), you pay back to the shopkeeper on a deferred, usually installment basis.
This is real trade, in accordance with the Quranic injunction:
‘Allah has permitted trading and forbidden interest’.
This transaction is permissible in Islam.
…..
.
It is important to note that there MUST be a transfer of ownership from the home seller to the financial institution.
Financial Institution must owned the property first,
thenonly it can sell it to you, the home buyer.
This is in conjunction with the hadith of Hakeem ibn Hizaam and ‘Abdullah ibn ‘Amr (may Allah be pleased with them both),
Prophet Muhammad (Peace Be Upon Him) mentioned “Do not sell, what you do not own.”
In Islamic Finance perspective, if the Financial Institution does not own the property, it cannot sell it to you, the home buyer.
………………………………….
………………….
……….
2) Ijarah Wa Iqtina or Ijarah Muntahia Bi’l Tamblik
In an Ijarah or Islamic lease, the financial institution acting as a lessor, buys a property and rents it out to you, the lessee client.
Much later, as part of a seperate agreement, the financial institution offers to sell the property to you. Transfer the ownership to you through gift.
OR ask you to pay the remaining Ijarah instalments before end of lease term
and after that transfer the ownership of property to you through transfer of legal title.
This is permissible in Islam.
………………………………….
………………….
3) Diminishing Musharakah (Musharakah Mutanaqisah)
In a Diminishing Musharakah, the financial institution and you as the home buyer become partners.
Andpurchase the property jointly.
You, as the home buyer move into the property.
Perhaps the property is worth SGD200,000. You pay 10% of the price (SGD20,000) as downpayment.
The Financial Institution takes care of the other 90% of the price (SGD180,000).
This agreement results in 10% home ownership belonging to you, the home buyer.
And the remaining 90% to the Financial Institution.
You then gradually acquire the financial institution’s equity shares in the property.
Until all shares are completely transferred to you.
At the same time, you pay rent in proportion to the financial institution’s remaining equity shares,
with each successive rental payment “diminishing” to the extend of the financial institution’s reduction in its share of the property.
The END result, you will own the property 100% completely, thus no longer needs to pay rental.
At no time, you as the homebuyer pay any interest (riba).
You only pay 2 things.Firstly, the house, in small payments, bit by bit. Secondly, the rent, for the portion of the house which you have not owned yet.
This is permissible in Islam.
(Explanation adapted from Understanding Shari’ah and its application in Islamic Finance (IBIFM) & Ethica Certified Islamic Finance Handbook)
…………………………….
………………….
……………….
As you can see above, the key differencebetween conventional mortgage and a shariah compliant home financing is that conventional mortgage involves loan of cash on interest, whereas a shariah compliant home financingis strictly the exchange of assets.
Each of the above transactions involves an asset and actual ownership by the financial institution. Ultimately, the financial institution must own some (Diminishing Musharakah) or all (Ijarah Wa Iqtina and Murabaha) of the asset for it to be Islamically acceptable.
Insya’Allah, when shariah compliant home financing facility is introduced in Singapore in the near future, I will be exploring strategies on property investment too.
As of now, if you are looking on the practical aspects on how you can save, accumulate and grow your money the shariah compliant way in Singapore, you can always whatsapp/sms me at 96520134 to schedule a FREE consultation.
Or perhaps click here to schedule an appointment.
You will want to schedule it asap because I can only accomodate 5 slots per week.
Every year, I rely on my mother to cook for us these tantalising, traditional home-cooked dishes.
But I do know these dishes are the magical results of combining several ingredients.
……………………………………
……………….
…………
Lodeh
Lodeh is a simple but filling dish.
It’s got tons of veggies in it – cabbage, carrot, long beans etc – and also tempe, tauhu and chillies.
This dish requires the use of coconut milk to give it that ‘lemak’ taste, and frankly, lodeh wouldn’t be lodeh without it.
…………………….
…………..
……..
Rendang
(My mother’s home cooked Rendang)
Rendang is the quintessential Raya dish – it seems like it wouldn’t be Raya without this rich and aromatic spicy meat dish.
You can either use beef or chicken for rendang. This is quite a difficult dish to make, because the flavors need to balanced owing to the use of numerous spices and herbs.
Some of the ingredients used include lemongrass, garlic, turmeric, ginger and galangal. And not forgetting coconut milk!
……………………….
…………….
………
Ayam Masak Merah
Ayam masak merah is a delight on our tongues – spicy, sweet and sour all at the same time!
Once again, this a recipe that needs to have the flavors balanced nicely.
Two main star ingredients include chillies (dried and paste) and tomato ketchup – without either one, your dish will fall flat.
………………………………………….
……………………………….
………………………..
Ketupat
Ketupat is perhaps the easiest dish to make – you just need rice, a bit of salt and water.
…………………………………………….
………………………..
…………………….
Serunding
As for serunding, though there is the beef version, usually the kind that is served as condiment along with ketupat and other dishes is the spiced coconut one (serunding kelapa).
Serunding kelapa requires a mix of various spices and then cooked over low heat for a period of time until the coconut dries up and absorbs the flavors.
……………………………………………………………..
………………………………………..
………………………
…………….
Cooking is an art, really.
You take different ingredients but in the precise quantity and when done right, you’ll get a delicious dish guaranteed to satisfy the tummy.
And you mixed all the dishes together,
the ketupat,
the lodeh,
the rendang,
the ayam masak merah
and serunding. You feel like you are in heaven!!! 🙂
Similarly, think of making money the shariah compliant way in Singapore as putting together a great dish.
In order to successfully plan for your financial future, you cannot just rely on ONE ingredient or strategy.
Sure you can put all your money in shariah compliant Al Wadiah savings account.
But with a Hibah of only 0.6-0.7%/annum, its difficult for you to be rich.
Or achieve the financial goals that you set for yourself.
…………………………………………………………..
…………………………………………..
………………………….
The best way to achieve your financial goal is to combine a FEW powerful strategies into one.
You can invest your money in shariah compliant shares or Halal REITS
(My personal watchlist of shariah compliant shares that I share with my clients)
Buy in shariah compliant funds
Invest in commodities
Earn rental income from investment properties
Or perhaps run your own profit making business.
………………………………
……………………….
……………
When cooking rendang, you need to do step A, B, C, D and E, if not your rendang tak menjadi.
Similarly when you select a particular stock, you have to ensure it is shariah compliant by going through a few steps
called shariah compliant screening methodology.
Which shariah compliant screening methodology do you adopt?
S&P?
Dow Jones?
MSCI?
AAOIFI?
or perhaps Malaysia’s Shariah screening methodology for stocks listed on Bursa Malaysia established by the Shariah Advisory Council of the Securities Commission Malaysia?
……………………………………………
……………………………….
…………………………
You want to calculate the intrinsic value of the stock. Which model are you using? Discounting Cashflow Model? Gordon Growth Model? Dividend Discount Model? Residual Income Model?
All these steps that you take before investing your hard earned money into stocks is just like cooking.
You need to know the ingredients, the quantity required and a bit of love to ensure that your dish tastes delicious!
There are clearly steps you need to take when investing in stocks, the shariah compliant way in Singapore.
…………………………………………………..
………………………………..
………………………..
After you invest in shares, that is not enough.
You diversify your portfolio. You look at diferent types of shariah compliant vehicles to achieve your financial goals.
Ketupat alone doesnt taste nice. Ketupat with lodeh, with sambal, with serunding, with rendang….OMG!!! It tastes awesome!!! 🙂
You do similar due dilligence when investing in commodities, investment funds, properties or even running your own business.
…………………………………………….
…………………………..
………………….
Example, when you will like to set up a business, you wont haphazardly just invest your money blindly to rent a shop and start your brick and motar business.
If you dont understand Malay, these are the 6 Steps.
1) Check whether the business or product/service you gonna sell, got Demand or not
2) Unique Selling Proposition (You got to differentiate yourself, dont be a commodity)
3) Market Can See You All The Time (Ensure your target market always see your brand)
4) Add Massive Value To Your Customers
5) Cross Sell, Upsell, Downsell
6) Referral
The point here, these 6 steps is like you cooking your rendang.
When cooking rendang, you need to do step A, B, C, D and E, if not your rendang tak menjadi.
And when you add your rendang together with other dishes, it tastes AWESOME!
Similarly, when you combine making money through profit making business + shariah compliant investment, it becomes a SUPER COMBO POWER!!!
………………………………………
…………………………
…………..
So my friends.
If you are looking for a shariah compliant financial expert to help you save, accumulate and grow your money the shariah compliant way,
you can always whatsapp/sms me at 96520134to schedule a FREE consultation.
Or perhaps click here to schedule an appointment.
You will want to schedule it asap because I can only accomodate 5 slots per week.
And next week, I need to go for my compulsory army reservist.
………………………………………………………..
……………………………
………………….
Last but not least, I will like to wish all my Muslim friends, Selamat Hari Raya Aidilfitri Minal ‘Aidin Wal Faizin Kullu ‘Amin wa antum bi khair.
One of my personal goals for year 2017 is to hit my first MDRT (Million Dollar Round Table), the shariah compliant way.
By reaching out to Muslim families in Singapore who like to plan their finance, the halal way. The shariah compliant way.
That is my personal goal. To achieve your own personal goals, you need strategies.
Here are 3 important questions you have to ask yourself first to uncover proven, confirm to work strategies that can help you achieve your goals.
1) What new knowledge/skills do you need?
2) Who can help you achieve your goals?
3) How do you achieve your goals faster?
……………………………………………………………………
……………………………………………….
……………………..
1. WHAT new knowledge/skills do you need?
There is a saying, “INSANITY is doing the same thing over and over again and expecting different results.”
Which means you cannot just rely on whatever knowledge and skills you have now.
Life is a constant learning journey: the arrogant is he who thinks he knows or has everything he needs to succeed.
Once you start to seriously move towards your goals, you’ll realize you’ll need new knowledge or skill.
Sit down for a moment and really think through this question.
What new knowledge/skills do you need? 🙂
Personally for me to achieve my MDRT, these are the new knowledge and skills that I need.
I need to acquire knowledge on how to attract qualified leads. It can be online or offline strategies.
I need to upgrade my knowledge on Islamic Finance. Sure, I took an Islamic Finance module during my degree
.
.
..
And Islamic Finance Certification with Australia Centre For Islamic Finance few years back.
.
. . It is time to refresh and upgrade myself with a new Islamic Finance certification for year 2017! The industry is changing rapidly, and getting an additional certification will bolster my knowledge and effort to advice my clients better.
2. WHO can help you achieve your goals?
There’s a famous saying: No man is an island.
We cannot possibly do things on our own.
Our knowledge, skill and understanding of the world is limited. We will need help. With the example of saving up, who do you think can best help you achieve your goals?
Maybe you can approach a financial planner (or me! hehehe).
And together we work out the best plan to to achieve your goal. 🙂
Or perhaps your spouse can help keep you accountable. If you know you can’t be disciplined to save, then she can be the ‘unofficial’ banker.
This might mean going to her every month and asking her to help hold on to the money you plan to save.
………………………………….
…………………..
…….
For me personally, to achieve my MDRT, I look for qualified people that can help me achieve my goals too. I surround myself with these people.
– This year itself, I have signed up for Ethica’s Certified Islamic Finance Executive™ (CIFE™) course.
Ethica’s Certified Islamic Finance Executive™ (CIFE™) is a globally recognized certificate accredited by scholars to fully comply with AAOIFI, the world’s leading Islamic finance standard.
Till date, I do not know of any practicing financial planner in Singapore who are trained AAOIFI compliant certifications. AAOIFI compliant is the de facto standard in over 90% of the world’s jurisdictions. Let me be the FIRST amongst the 20,000 financial planners in Singapore! Insya’Allah… 🙂
…………………
……………………..
..
– I have also signed up, for an online marketing 2 days practical workshop, where I will learn more on facebook marketing. Many of you today, my blog readers are already my clients.
You get to know me over the internet after reading my blog posts or viewing my youtube videos.
Insya’Allah, I will find qualified people to help me, in my mission to spread the goodness of Islamic Finance to our fellow Singaporeans.
Let us make every single step to find rezeki in the world, an ibadah. May our efforts benefit us in this world, and hereafter. Insya’Allah…
……………..
……..
….
– Next week, I am meeting my lawyers to discuss further on trademarks, that I will register for my signature programs, “Unlock Your Money” session and “Your Financial M.A.P.” session.
I first learnt about trademarks and copyrights, when I was a full time student in Ngee Ann Polytechnic many years back.
I took Business Law as one of the modules, while undertaking Diploma In Accountancy.
Little did I know, many years later, I would be liaising with lawyers to register my own personal trademarks. Exciting!!! 🙂
…………………………………
……………………….
…………….
– I have also reached out to my Arab teacher in Egypt, where I will continue back learning Arabic Language via Skype with him every Monday, after Subuh prayers.
In my opinion, the best time time to learn or memorise something, is before you sleep, and after you wake up.
Learning Arabic Language has been very tough for me.
It is no easy feat. :/
Pray for me that I will istiqamah in my journey to learn how to read, understand and speak Arabic Language with confidence. Insya’Allah! 🙂
3. HOW do you achieve your goals faster?
Alright, you’re almost ready to make your goals come true.
So the 3rd question you should ask yourself is how do you achieve your goals faster?
I like to add some buffer, whenever I set my goals.
So even though, I target to achieve MDRT for year 2017….. I shall target to achieve my MDRT by 31st October 2017, which happens to be my birthday! 🙂
But how? Easier said than done! 🙂
…………………………………………………………
…………………………………………..
……………………………………..
I remembered, 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.”
………………………………………………………………..
………………………………………..
………………………..
You might have heard about Robo Advisor.
I am in the process of creating my own personal shariah compliant Robo Advisor.
I will also be engaging para planners.
They will work hand in hand with me to assist me in developing comprehensive, powerful shariah compliant financial planning strategies for my clients in Singapore.
My team will comprise of robots and humans.
We will alter the history of the financial planning industry in Singapore, the way financial planners run our financial practice in Singapore.
By introducing my personal, revolutionary financial planning practice hybrid model- that combines the best of high-tech and high-touch.
It never happen before, and change is inevitable.
In fact, the process has already begun. You might have heard about Takaful.sg
That is one of my fintech intiatives, which is already “live” in Singapore.
Many, many, more exciting things to come! 🙂
So, there I cover 3 important questions you have to ask yourself first to uncover proven, confirm to work strategies that can help you achieve your goals.
1) What new knowledge/skills do you need?
2) Who can help you achieve your goals?
3) How do you achieve your goals faster?
……………………………………………………………………
………………………………………………
………………….
If you like to receive undivided attention from me as a financial planner, to help you plan your finance the shariah compliant way in Singapore, you can schedule an appointment with me here. Or just whatsapp/SMS me direct at 96520134.
Because of my busy schedule, I can only accommodate additional 5 slots every week, so do click the link, and schedule an appointment with me now.
Time flies…. January 2017 is almost over and now February is approaching fast!!!.
Have you set your new year resolutions? 🙂
It has been over 10 years since I’ve worked as a financial consultant. Helping thousands of Muslim families plan their finance,
the shariah compliant way in Singapore.
Fulfiling. Satisfying. And fun meeting people from all walks of life. 🙂
(Picture of me, when I was first interviewed in Berita Harian, many years back)
…………………………………………………………………….
…………………………………….
Alhamdulillah… We’re blessed to be able to ‘start over’ again.
So celebrate our achievements and forget our disappointments of 2016.
And let’s focus on achieving our goals in 2017!
It’s never too late so here’s the S.M.A.R.T way to do them.
.
1. S for Specific
In my financial advisory practice, I realize one thing.
Many people set vague goals.
I’ve asked my prospects why they meet me.
Some say ‘I want to save up money.’
“I want to make more money”
I told them that when they set any goals in their life, all their goals have to be specific.
Because our mind understands detailed instructions best.
Which is why in Islam, Allah doesn’t make vague commands like ‘pray daily’.
Through our Prophet Muhammad s.a.w, we know we, Muslims have to pray 5 times a day, and each prayer has its own sets of raka’at.
So when anyone comes to me and tell me, vague goals, unclear financial objectives, like “I want to save money”.
I asked them, “What do you want to save up for specifically?”
Retirement?
Child’s Education?
Improve Living Standards?
Cash Emergencies?
or wealth accumulation to become rich?
Choose 1. Be specific!
When you have a specific goal in mind, you will feel empowered.
Energised. Powerful.
Easier for me, as your financial consultant to help you craft up your laser focused,
powerful shariah compliant financial strategies
for you to achieve your financial goals.
…………………………………………………..
……………………………….
……………………
2. M for Measurable
Goals have to be measurable. Quantifiable.
Better, if you can count it with your fingers.
If you want to lose weight or save up money for your retirement, having an actual figure means you get to track and measure your progress.
Example, if you want to lose weight, you need to know, how much is your current weight now in kg.
How much is your target, your ideal weight in kg.
And how much you need to lose in kg.
And how many X months specifically, you have to lose that X kg.
My fitness coach says that losing weight and staying healthy,
80% of it is your diet and 20% is exercise.
Definitely, we need to control what we put in our mouths to lose weight.
7700 calories equate to 1kg.
To gain 1 kg, you need to have a calorie gain of 7700 calories.
To lose 1kg, you need to have a calorie deficit of 7700 calories.
And calculate specifically for your body weight, the ‘X’ litres of water you need to drink specifically to detox.
See, everything is measurable. Quantifiable. You need to put it in numbers.
Numbers that you can count, track and measure. 🙂
…………………………
……………..
Same goes to achieving any of your financial goals.
You have to ensure, its measurable.
Example, you want to save for your retirement.
What is your age now, and when do you want to retire?
When you retire, how much you want to spend every single month? $1000/mth, $2000/mth, $5000/mth or more?
Everything has to be measurable. Quantifiable.
Then, it would be easier for me, as your financial consultant to help you craft up your laser focused, powerful shariah compliant financial strategies
for you to achieve your financial goals.
……………………………
…………….
…….
3. A for Achievable
Don’t set impossible goals.
Your goals have to be achievable.
Because otherwise your mind creates a resistance and you’ll give up easily.
So if you want to save up for your retirement through investment, don’t put high hopes to invest in an instruments that gives 100% returns per year, risk free. (if the deal is too good, to be true, its indeed too good to be true).
Many fall prey to Get Rich Schemes because of greed.
Remember, if the deal is too good to be true, its indeed too good to be true!!!
Do your research, check your finances and budget accordingly.
………………………….
………………..
4. R for Realistic/Relevant/Rewards
Most of us understand our goals need to be realistic.
I advocate another acronym to it, Rewards.
I advocate this concept called, Pain/Pleasure principle.
You have devise a system to reward yourself, whenever you achieve any small goals leading to your big goal.
For those who watch their diet like me, we have “deviation days”. After 14 days of careful eating, we have a day where we can indulge in our favourite food.
Reward ourselves. Pizza maybe? :p
Similar to halal financial planning. Reward yourself along the way, when you achieve your financial mileage at every single juncture. Pain Pleasure principle works well!
Myself as a financial consultant, I always give my clients, words of congratulatory affirmation, encouragement, when I realise that they are consistent in working hard to achieve their financial goals when I did a financial review session with them.
I will tell them, “Well done!”,
“You are doing well!” “Awesome. You are on track!”
4. T for Time-bound
Setting a time frame helps you stay focused and on track.
Different time frame requires different set of strategies.
Example: Retirement? How long more is your retirement?
10 years? 15 years? 20 years?
Singapore retirement age has now been extended to age 67.
Do you want to follow the mass, or you have your own retirement age? 🙂
Child’s Education?
What is the age of your child now? Boy or girl?
If boy, you need to account he would go for national service in the future.
Wealth accumulation, the shariah compliant way. What is your investment time horizon?
1 year? 5 years? 10 years? 20 years?
Shariah Compliant Financial strategies for investment time horizon of 1 year is very different than shariah compliant financial strategies for investment time horizon of 20 years.
So, when you set goals follow the S.M.A.R.T goals formula! 🙂
…………………………………………………
…………………………..
………………….. 5. How To Achieve Goals
So now that you have your goals nicely done up, here are some quick tips to help you achieve them.
a. Mindset
The first step is to always have a proper mindset. Tell yourself this is the year you’re going to make a difference in your life.
b. Draw up action plan
Goals are nothing without action. So if you want to lose weight or save up, figure out exactly what needs to be done.
c. Print out goals and paste somewhere visible
The mind needs visual reminders, so print out your goals and action plan and paste them at your dressing table, cupboard door, fridge etc.
d. Do a vision board
Besides words, the mind also reacts positively to images. If you want to save money, imagine what that looks like once you’ve achieved the goal. Are you checking your bank account happily? Are you holding crisp cash in your hands? Get some relevant images and make posters. Or get a vision board app from iTunes or Google Play.
This is my own personal vision board that I placed in my office! 🙂
I wish you all the best for year 2017. May you achieve all your dreams, goals and aspirations. Amin… Insya’Allah… 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
At times, when I discuss wealth management strategies with my friends, they say it’s difficult to make money the shariah compliant way in Singapore.
It’s easier in Malaysia.
In Indonesia. In Bangladesh. Or in Saudi Arabia.
But not in Singapore.
As a Muslim financial consultant who specialises in helping Muslim families plan their finances the shariah compliant way in Singapore, I am here to debunk such limiting beliefs.
I sum in up with my secret ABCDEFGH formula… I learnt it from my friends, fellow financial practitioners, and then innovate it further to ensure that it is customised and suitable for Muslims in Singapore.
With only the price of a plate of nasi lemak with crispy chicken wing ($5/day),
or $150/mth, you can kickstart your investment plan.
You can start planning your finance the shariah compliant way in Singapore.
Yes… With that $150/mth you can have access to shariah compliant stocks in our shariah compliant fund.
Shariah compliant stocks like….
Apple Inc
Microsoft Corp
Intel Corp
Google
Adobe
Harvey Norman
You DON’T have to fork out hundreds of thousands of dollars to buy shares.
Yes! At a price of a plate of nasi lemak with crispy chicken wings ($5/day)
OR only $150/mth,
you can begin to invest in shariah compliant fund that consists of these shariah compliant stocks. Super affordable right? 🙂
……………………………………..
…………………
..
Better Returns
You and I know that there is this thing called inflation.
It means that the value of your money erodes. Your purchasing power reduces.
Simply to say, your plate of nasi lemak with crispy chicken wings that costs you $5 today, will DOUBLE in price 10 years down the road.
The only logical choice that you have is to invest.
Make your money work harder.
Invest and grow your money to hedge and beat inflation.
And while you are at it, why don’t you do it the shariah compliant way?
Arrange “Your Financial M.A.P.” session at Takaful.sg for FREE.
And I will share with you more of my simple, easy to follow and proven financial strategies, that can help you get an effective PROFIT rate of between 3-5%/annum for an investment time horizon of 20 years.
That is better than leaving your money under your pillow or perhaps for some of you, in
your Khong Guan biscuit tin.
Do it with me.
And do it the shariah compliant way at Takaful.sg
……………………………………………….
…………………………………..
……………………
Coverage
Gone are the days, where when we mentioned coverage, we have to do it the conventional way.
Today you can have Death, Total & Permanent Disability AND Critical Illness coverage, the shariah compliant way.
You can adjust the coverage, that you want.
And the plan comes with a shariah compliant underlying fund.
In addition to that, an aqad contract can be done to remedy Maysir (Speculation) and Gharar (Uncertainty).
……………………………..
………………….
Diversification
With a limited amount of money, you can diversify your funds.
Yes… With that $150/mth you can have access to shariah compliant stocks in our shariah compliant fund.
Shariah compliant stocks like….
Apple Inc
Microsoft Corp
Intel Corp
Google
Adobe
Harvey Norman
You know the old saying, “don’t put your eggs in one basket”.
Again. Arrange “Your Financial M.A.P.” session at Takaful.sg for FREE.
And I will share with you my simple yet effective shariah compliant diversification formulae.
In addition, to the diversification strategies, I shared above.
It is customised specifically for Muslims who live in Singapore.
Schedule a session now! 🙂
………………………………….
……………..
……..
Easy Investment
A lot of my clients invest in stocks.
When I mention invest in stocks, I really mean it.
They do their homework.
They download the companies annual report.
And read the director’s statement.
To understand the companies direction better, they do a SWOT analysis on the companies.
Fundamental Analysis. Calculate the profitability, liquidity and investment ratios….
Vertical, horizontal analysis on the financial statements.
Calculate the intrinsic value of the particular stocks. Immerse themselves with further technical analysis.
100 days moving average, 150 days moving average. Many, many more time consuming researches…
………………………………………………..
………………………………….
In the end, I looked at them sympathetically and asked them… “Tired or not???”
Most replied with a look of despair on their face, “Of course tired lah!!”
And I probed them further, “Where do you find time to do all those time consuming research?”
Most replied when they came back home after 10 full hours of office work.
Go back home.
Straight to their computers.
Staring at the screen.
Busy punching numbers into their excel spreadsheets.
Stared hard again at the flickering charts on the screen.
Every. Single. Night. Vicious cycle. And it continues on and on.
I told the, why not choose the easy way?
Dollar Cost Average… Put money monthly every month, and top up when the market price goes down.
Still can make a good, fair share of Halal profits.
And, now imagine.
All the time, you save, from having to spend countless hours of research,
you begin to spend it on your wife and kids,
your love ones.
(Myself with my wife, enjoying ourselves during our honeymoon at Morocco)
That is why I love this formula.
Easy Investment = More Quality Time With Your Love Ones = Happier, Blissful and More Fulfilling Life
………………………………………….
……………………………..
………………..
Flexibility
You can choose to take premium holiday.
Meaning today you start with the shariah compliant investment plan.
In the future, if unfortunate circumstances, cause you to be financially tight, you can stop paying the premium for a while.
And resume back when you are financially OKAY.
You can also adjust your premium accordingly.
Now you start your shariah compliant investment plan @ $200/mth.
In the future, when your pay increases, you can always increase to $500/mth or vice versa.
Super flexible right? 🙂
………………………………
………………
…………
Great Support System
Let me share with you a little secret.
Almost half of my clients who engaged me for shariah compliant investments have finance training background.
They either have a Diploma or Degree in Accountancy/Finance.
Or professional certifications like ACCA etc2.
The reason why they choose investing with me, is because of Great Support System.
We leverage on the expertise of professional fund managers.
Remember the scenario I shared above.
Today, you screened a stock, and you deemed it shariah compliant.
Another 6 months down the road, the stock may no longer be shariah compliant.
Because shariah compliant is not just “No Pork, No Lard”.
There are certain financial ratios that we have to abide to.
Where can we find TIME to analyse it every single month?
Precisely. Leverage on the expertise of professional fund managers.
There is so much, I have to share on the beautiful part of Great Support System.
But I will not divulge it here in my blog. Because some of them are my trade secrets.
Trade secrets that differentiate me from the rest of the 20,000 financial consultants in Singapore.
Arrange “Your Financial M.A.P.” session at Takaful.sg for FREE.
And I will share with you how you can benefit personally when you engaged me as your financial consultant.
Your partner to help you grow your wealth, the shariah compliant way in Singapore.
Insya’Allah. 🙂
……………………………………..
……………………
…………….
Halal
There is really a lot of strategies for you to earn your money.
No point make money, when it’s not Halal. Your rezeki is everywhere.
In the subsequent blog post, Insya’Allah, I will share with you in greater detail on shariah screening methodologies that is currently used in the world.
For now, we stick with these simple, yet powerful formula.
So, next time, if anyone tell you that it’s difficult, to plan your finance the shariah compliant way…
Tell them this simple, yet powerful ABCDEFGH secret formula.
See you around soon. Jazakallah Khayran! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
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.
