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5 Reasons Why Building Shariah Compliant Passive Income Is a Good Idea in Singapore…

 

5 Reasons Shariah Compliant Passive Income Good Idea Singapore

5 Reasons Why Building Shariah Compliant Passive Income Is a Good Idea in Singapore…

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1. Peace of mind to know that you have money if business is not doing well or should you become unemployed
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Peace Of Mind Takaful Singapore

If you run a business, you like to think that your business will prosper forever.

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Yet you and I know that is not always true.
Reality on the ground, that is not the case.
In business there are cycles.

Sometimes our business is doing good.

Sometimes our business is not going so good.

We accept that thats the asam garam, the reality of being an entrepreneur!

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Having extra cashflow from Halal sources of passive income in Singapore
helps when your business is not doing so good
as you need to have some breathing space to pivot or restrategise.
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Similarly if you are an employee.

Iron Rice Bowl Cartoon

You like to think that you have a solid iron rice bowl that you can rely on for the rest of your lives.
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You will like to think that you will stay employed with the same company through your lifetime.

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My question to you now.
How confident are you that your current skills will remain relevant for the next 20-30 years of your life?
How confident are you will remain to be as agile,
as fast,
as versatile today
and in the years to come?
Beautiful life today does not mean beautiful life forever!

Thats the reality on the ground.
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With the advent of artificial intelligence, most jobs that are in demand today might be replaceable tomorrow. 

With globalisation, the world that we think is big yesterday is now shrinking.

World Takaful Singapore
You are not just competing with a younger workforce who can do your work at cheaper, better, faster rate in Singapore.
You are competing with every single human that exist on this planet!
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So Nauzubillah… If your employer decides to “downsize”,
decides to “scout for new talents to replace the old ones”,
decides to “pivot and your role now is now made redundant”,
an additional source of Halal Passive Income definitely helps!

You will have the peace of mind and perhaps some breathing space to carefully think of your next course of action.

I mean.
Kita merancang. Tuhan menentukan.
This small steps you are taking today when all is good will help your future you when things are no longer as rosy and beautiful as it is today.
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2. Passive Pahala for the rest of your life and beyond

Passive Pahala Takaful Singapore

2nd reason Why Building Shariah Compliant Passive Income Is a Good Idea in Singapore is
because
not only you can enjoy the tangible fruits today, you also can get passive pahala for the rest of your life and beyond!

You can use your Halal Profits to fund your dream holiday with your beautiful family..

Helmi Hakim Holiday Using Passive Income

(I liquidate some of my profits for my recent holiday to Bali.)

Alhamdulillah… I have been a financial planner for almost 18 years.
Some of my clients have been with me for 18 years.
15 years.
10 years.
The beauty of shariah compliant investments is that you can use Halal profits to fund your yearly holiday.
To fund your umrah.
To fund your Haj.
To fund your child’s tuition, enrichment classes (these can really eats up to your monthly cashflow and having Halal profits to fund it is simply amazing!)

And while you are saving money every month the shariah compliant way, you are getting passive pahala.
I mean you can save your money in any ways you want.
But you consciously choose to do it the Halal way! The Shariah Compliant Way!

Dunia dapat. Akhirat pun dapat.
Isnt that beautiful? 🙂

Jannah Takaful Singapore

Alhamdulillah! 🙂

Talking about passive pahala on earth.
Why not also create passive pahala for yourself in the hereafter by using the vehicles of Wakaf?
Make your money work hard in this dunya.
And make your money work harder for your hereafter.

If you want to learn more, you can whatsapp/sms me at 96520134 to schedule a FREE consultation.
Or perhaps click here to schedule an appointment.
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3. You have clarity and certainty that your Halal passive income strategies work

Halal Passive Income

3rd Reason.
It’s good to start building your Halal source of passive income now — especially while you’re financially stable.

Why?
Because if you’re starting from zero experience in investing, this is the best time to learn. With the right guidance from mentors and Islamic financial planners, you’ll slowly build confidence that Halal passive income is possible.

Many of my clients start from ground zero
No $1 million in the bank.
Not even $100,000.
Some don’t even have $10,000.

But you don’t need a fortune to begin.
As the Malay proverb goes:
“Sedikit-sedikit, lama-lama jadi bukit.”
(Little by little, a hill is formed.)

The key is to start.
And when you’re financially stable, it’s the ideal time to build the “oven” that will generate future passive income.
✅ You’ve already set aside 3–6 months of emergency funds.
✅ You’ve got comprehensive hospitalisation plans for your family.
✅ You’ve protected your income with Shariah-compliant insurance.

Now it’s time to take the next step:
Build your Halal source of passive income.
So you don’t just survive —
You thrive, in dunya and akhirah.

Alhamdulillah.
It’s now or never.
You start it. You finish it.
AS A CHAMPION! 💪
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4. More Time For Family and Ibadah

4th reason Why Building Shariah Compliant Passive Income Is a Good Idea in Singapore is
because
Passive income frees up your time.
Instead of constantly chasing dollars, you get to focus on what truly matters —
❤️ Spending time with your loved ones
🤲 Investing in your akhirah through ibadah
💞 Giving back through charity and community work


It’s good to start building your Halal passive income now, while your responsibilities are still manageable and your finances are stable.

Because the earlier you start, the sooner you’ll enjoy that freedom.
The freedom to choose how you spend your time.
The freedom to say yes to your family and yes to moments that bring you closer to Allah S.W.T. — without worrying about your next paycheck.

This is how we move from working for money, to making money work for us
the Halal and Shariah-compliant way.

It’s not just about wealth.
It’s about barakah.
It’s about purpose.
It’s about building a life where your rizq continues to flow even while you rest, travel, pray, or play with your children.

Passive income, done right, gives you more than just money.
It gives you meaning. Alhamdulillah 🤲
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5. You Become a Role Model of Responsible Islamic Wealth-Building

One of the most overlooked benefits of building Shariah-compliant passive income is this:

You inspire your family — especially your children — to follow the Halal way.

📚 Your children see you investing ethically, avoiding riba, and staying true to your values.
💬 They hear you talk about barakah, not just ROI.
💡 They grow up understanding that success is not just about how much you earn — but how you earn it.

By taking action today, you break the cycle of financial confusion and riba-dependence.

You’re planting seeds of knowledge, values, and confidence that your family will benefit from for generations.

That’s how legacies are built.

✅ You don’t just leave money behind.
✅ You leave a mindset.
✅ A method.
✅ A message of integrity and istiqamah.

This is how we build wealth with purpose.
This is how we raise future leader with iman.
This is how we bring deen into our dunya — not just for ourselves, but for our descendants.

“And be not like those who forgot Allah, so He made them forget themselves…” (Surah Al-Hashr, 59:19)

Let’s not forget who we are, and what kind of legacy we want to leave behind.

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Now… I hope you have benefited from my sharing on 5 Reasons Why Building Shariah Compliant Passive Income Is a Good Idea 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.

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 accommodate 5 slots for the following month.

Click here to schedule your FREE consultation today!

Take Care!  ?

7 Things That Make It Easier To Achieve Your Halal Financial Goals in Singapore…

7 Things That Make It Easier To Achieve Your Halal Financial Goals in Singapore…

Halal Financial Goals

Achieving your Halal financial goals in Singapore is like driving a car.
After driving for some time, Alhamdulillah… finally you reach your destination safely.

There are 7 simple yet IMPORTANT things that you need to have to ensure that you reach your destination safely.

I have created the infographic below to sum up this blog post. 🙂

Financial 1 1024x647


1) You need to know where you are

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If you call me today. And you ask me…

“Helmi. How do I get to Masjid Al-Islah at Punggol?

The first thing that I will ask you immediately is,
“Where are you now?” 🙂

Similarly, in finance,
you got to first know where you stand exactly in terms of your personal finance.

You can create your personal networth statement and personal cashflow statement.
In short, your networth is Your Total Assets minus your Your Total Liabilities.

Your Final cashflow is Your Total Inflow minus your Your Total Outflow.

What is your PERSONAL NETWORTH (excluding the house you are staying) now?
How about your cashflow? Do you have a positive cashflow or negative cashflow every month?

Start looking at these numbers closely. Because only when performance is measured, it can be improved.

Of course, if you engage a financial consultant like myself, I can help you out with your 7 financial ratios.

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2) You need to know your destination

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My overall goal as a financial consultant is to help you

INCREASE your shariah compliant investible assets in your networth statement
-SHORTCUT and accelerate your process to increase your personal networth in a Halal manner
-Reduce and eliminate your riba based loans once and for all
Networth

And at the same time, help you achieve your short term and your long term financial goals.

These short term and long term financial goals are what I term as “your destination”.

Are you saving for your retirement? Saving for your child’s education?
WHERE IS YOUR DESTINATION? 🙂

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3) You need a vehicle

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In order for you to reach a certain destination, you need to have a mode of transport. Are you travelling by bus?
By car?
By motorcycle? By train?
By plane?
Or by ship? 🙂


Royal Albatross
(My first time boarding Royal Albatross without the need to have a passport)
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WHAT IS YOUR MODE OF TRANSPORTATION? 🙂

For me, I drive my Hyudai Elantra everyday to work.
And if I travel, I like to travel to my favourite destinations with AirAsia.
Of course!! I will  savour their delicious serving of Nasi Lemak Pak Nasser while on board.
Nasi Lemak Pak Nasser is my favourite! 🙂

If I am overseas, I have my Grab app and Gojek by my side.
It is super duper convenient! 🙂

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Similarly when you are saving money for your financial objectives, you need to have a RELIABLE FINANCIAL VEHICLE.

For short term financial objectives like your 3-6 months emergency funds, you can leave your money in the Al Wadiah savings account.
It is shariah compliant because Al Wadiah savings account gives Hibah.
Hibah, Gift = Halal
Riba = Haram

For your long term financial objectives, you want to make sure that your money works harder for you.
Al Wadiah Hibah of 0.6-0.8%/annum is not enough.
You want more.
You need more…. You deserve more!
That is where you will look into shariah compliant stocks/funds/Halal REITS etc2 as part of your portfolio.

If you are clueless on shariah compliant ways to make money,  schedule “Your Financial M.A.P.” session, for FREE! 🙂
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4) You need adequate petrol

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Some people told me, they want to be a millionaire in 15 years time, by investing $150/mth
Let me do the maths for you.
$150/mth X 12 months X 15 years = $27,000


I told them… Hello…
If today you want to drive to Penang from Singapore.
And you only fill up $10 worth of petrol.
Will you reach Penang?

Confirm, you won’t reach. In fact, you CAN’T even reach Malacca with $10 worth of petrol.

But some of them argued…
‘Alah… Helmi… I can only afford $150/mth now…”

Then I told them, its okay to start with $150/mth. Along the way, you have to top up.

Its like driving your car. When you don’t have enough petrol, you need to top up the petrol. 🙂
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5) You need someone to show directions: Google Map. Waze.

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That someone is called a mentor, coach or advisor.

There are 20,000 financial consultants in Singapore.

Some people asked me. What is the difference between ME and the rest of the 19,999 financial consultants in Singapore?

The difference is simple.

I specialise in helping Muslim families plan their finance, the shariah compliant way in Singapore.
So that they can lead a blessful life in this dunya.
And also the akhira..

Amin. Allahumma Amin…. 🙂

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(Catch me in Mediacorp Suria shows, “Wahhnita” and “Alah Abang, Amboi Kakak” to be aired in February 2019)
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6) You need to check your blindspot. You might need additional mirrors. Definitely, you need insurance.

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You need to have Plan A. 
Plan B. And Plan C.
Blindspots

Especially if you intend to drive long distance, it is good to have additional mirrors.
Additional precautionary measures in place. Definitely you need insurance.
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I remembered many years back then, while was still a student.
Back then when I was in Ngee Ann Poly Business Incubator program.
My partner and I were required to present our business plan to a group of investors.
I was in charge of the pro forma financial statements.

I had to forecast the trading, profit & loss statement for the next 3 years. 
5 years. And 10 years.
I had to project my forecast into 3.
Pessimistic. Neutral. And optimistic sales figure.
We clinched the deal.

To my mind, that was a super good training ground, because entrepreneurs are usually optimistic. 
We always think that everything will fall in place nicely.
Yes. Sometimes it does, with the help of Allah S.W.T.
Yet, sometimes it doesn’t. That it where you need contingency plan.

You need Plan A.
Plan B. Plan C. 
And Plan D.

In Malay, we call it, “Sediakan payung sebelum hujan.”! 🙂
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In today’s investment environment, there are so many variables to account for.
Weakening and strengthening of the USD$. 
Interest rate hikes (there were 3 rate hikes from the Fed in year 2018)
Donald Trump Trade war (market follows closely to whatever he tweets)
So many things to read on Bloomberg. On MorningStar. On Business Times.

Financial products keep evolving too. 

Yesterday, I met one couple. They mentioned that they want a financial vehicle that covers EVERYTHING..
Covers hospitalisation. Covers personal accident.
Covers their income replacement needs, death, total & permanent disability, critical illness.
Covers retirement. Covers child’s education. Wealth accumulation.
Basically, a SUPER COMBO plan consolidate into 1.

I shared with them, that there is no such plan. If there is, I also want! 🙂
We have to segregate Plan A.
Plan B. Plan C. Plan D. Plan E….
And Plan A, Plan B, Plan C, Plan D, Plan E are within my purview as a financial planner.

Others from other industries such as real estate can share
Plan F.
Plan G and Plan H.
Basically diversify. Don’t put your eggs in 1 basket.
Have contingency plans in place!
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7) You as the driver need to be focused. Drink coffee.
Stay alert.

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You as the driver need to be focused.
Especially if you drive long distances. Drink coffee.
Stay alert!!


Focus 1024x689

By being focused, you should also know where you want to go
and not be swayed by other people’s opinions.

Some drivers, they drive so far and almost…..reach their destination.
Suddenly one of their passengers distract them.
The passenger said, “Hello!!!! You are going the wrong way!”

Instead of moving forward towards their destination, the driver did a U-Turn.

Imagine…. You are so close to your destination and suddenly you U-Turn.
You U-Turn because your friend gives you wrong advice.
You are so hospitable, so caring, so accommodating to offer your friend a ride on your car. 

Instead of thanking you, he “sabo” you by leading you to the wrong direction.
Alamak!!!


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Similarly, there are many people in life. At first, they were doing good.

Then, their friends give unqualified opinions.
Alah… Why you do this? 
Alah… Why you do that?
Singapore, non Muslim country can do it the Halal way meh?
And they give you 1001 myths on planning the finance, the shariah compliant way in Singapore.

To me the unqualified opinions are like passengers in the car who are clueless.
Yet think they know the direction, and show you the wrong way.
Or if you board a ship, the unqualified opinions are like storms in the sea.
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What I did is that I installed “anchors”.
I  install “anchors” in all my financial planning presentations. In a good way.
If you are my client, confirm + chop , you will recognise these anchors.
And you will thank me for that! 🙂

I will share with you one of my “anchors”.

“The Apple Concept”. 

Apple 1024x683

This “Apple Concept” is suitable to apply when there is a market downturn.
Market Pandemonium. Everybody kan cheong spider, you relax. 🙂

Example you buy apple (the fruit you can eat) today at $1.
It goes down to 90 cents. Up 91 cents. Down 90.122345.

What do you do?
Dont bother. Ignore!
We are not speculators.
We are not traders.
We are investors!
However, when price of Apple goes down to 50 cents.
Half price. GREAT SINGAPORE SALE!
What do you do? Buy more.

Similarly, when market goes up or down a bit, dont bother.
However, when  the fund price selling at cheap price, buy more.
So that can make more money when the price goes up in the future.
(A lot of pple get scared and they sell and they lose money)

There are one of the many anchors that I shared during my financial planning presentation to manage my clients’ expectation and ensure that they remained focus, instead of listening to the “noises” in the market.

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The 2nd thing that I share my clients or reiterate to them to ensure that they remain focus is to remind them of their Niat and their “Big Why”.

You need to know why you do what you do. If you save for your child’s education.
Your child is your BIG WHY.
You save money because you love your child.
Because you want to see your child grow up as a good human being.
Because you want your child to have a good job. Or have a business.
Or even perhaps continue your legacy in this dunya.

When your Big Why is strong, you would not lapse a plan.
What is your Big Why when you get a certain plan or you embark on a certain endeavour?
Your reason or your Big Why must be strong! 🙂

My Big Why is my family. My niat is to establish Islamic Finance in Singapore is because I see that as one of my pathway for me to go to heaven.
Every time, I feel down. I feel like giving up (giving up is easy by the way).

I remind myself of this Hadith.
“From Abdullah Ibn ‘Umar -may Allah be pleased with him- that Allah’s messenger -peace and prayer of Allah be upon him- said, “The trustworthy, honest Muslim merchant will be with the Prophets, the honest men, and martyrs on the Day of Resurrection. ’

I want to go to Jannah. I want to join the syuhadas.
That is why when I conduct my business,
I do my level best to be as transparent as possible. I left no stone unturn!

In fact, now I treat every single action I take as accumulating saham akhirat.
Come, partner with me.
We can kumpul saham akhirat together! Amin. Amin. Insya’Allah! 🙂
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Now… I hope you have benefited from my sharing on 7 Things That Makes It Easier To Achieve Your Halal Financial Goals in Singapore…

If you are seeking a mentor, coach, consultant to share with you practical aspects on how you can protect your wealth using Halal Insurance in Singapore
OR
save, accumulate and grow your money the shariah compliant way in Singapore
, I am always ready to help you.

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 accommodate 5 slots for this month.

Click here to schedule your FREE consultation today!

Take Care!  ?

5 Steps To Maintain “Laser Beam Focus” To Achieve Your Financial Goals, The Shariah Compliant Way In Singapore

5 Steps To Maintain “Laser Beam Focus” To Achieve Your Financial Goals, The Shariah Compliant Way In Singapore

Now, we are coming mid of July.

Are you on track to ACHIEVE the goals that you set for yourself? 🙂

Soccer

Many of us have deviated from our goals. Or at times, totally forgot about it.

Today, I want to share with you 5 steps on how you can maintain your laser beam focus to achieve your goals.

Personally for me, one of my goals is to be debt free by 1st March 2019.

Will I achieve it?

Make Doa for me that I will stay focus and istiqamah to achieve my goal!
And may Allah S.W.T. grant the same to you too!
Amin. Insya’Allah! 🙂
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Today, I want to share with you….

Dart

5 Steps To Maintain “Laser Beam Focus” To Achieve Your Financial Goals, The Shariah Compliant Way in Singapore.

These 5 steps are the exact steps that I have taken to maintain my focus to achieve my goals.
And I am confident, it will be useful for you too!
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1. Super Clear and Specific Goals

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First thing first, you need to be clear on what you want to achieve.
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Too many people when I asked them what they want to achieve.
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They gave me vague answers.
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I want to be rich.  I want to be happy.  I want more money.
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I want to be super fit.
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My personal take on this, unless you are super clear on what you want, it is difficult for you to achieve your goals.You need to be super clear and be as specific as possible on what you want to achieve.
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And then you WORK RELENTLESSLY towards ACHIEVING them.

Helmi Hakim Sharing

Helmi Hakim Investment

Myself sharing with fellow financial practitioners on how to guide their clients to set financial goals

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Example if you aim to buy a car.
so geram that COE prices in Singapore now lowest in 8 years. Just bought mine 2 years ago!!!
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BE AS SPECIFIC AS POSSIBLE!
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Are you aiming for a new car or a second hand car?

Are you aiming for a Japanese car like Honda Civic Hybrid,
Mazda MX 5-RF , Subaru Impreza 5D, Toyota Alavalon?

Or perhaps a continental car like Mercedes-Benz, BMW, Audi, Volkswagen or Volvo?
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Aiming for a Porsche Boxter is VERY DIFFERENT compared to aiming for a Chery QQ! 🙂

Segregate your goals into short term goals.
And also long term goals.

When will you like to drive that Porche Boxter?
By end of the year? In 2 years time? Or in 10 years?

Be very specific on them.
And MEASURE your progress.
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2. Belief System


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The 2nd step to maintain “Laser Beam Focus” To Achieve Your Financial Goals

Laser Beam

The Shariah Compliant Way in Singapore

is to BELIEVE that achieving those goals that you set for yourself is POSSIBLE.
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Napolean Hill says, “Whatever your mind can conceive and believe, your body can achieve.”
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I agree with Napoelean Hill 100%.

As most of you have known, I am a financial consultant who specialises in helping Muslim families plan their finance the shariah compliant way in Singapore.

And it is common in my line of work, that I face many skeptics.

Skeptics when it comes to growing their money the shariah compliant way in Singapore.

Deep in their heart, they want to do it. But at the same time, they don’t believe that it can be done in Singapore.
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They told me,
” Islamic Finance is EXPENSIVE. It is only reserved for the rich Arabs.”

“It is DIFFICULT to understand.”

“It is troublesome/leceh/mafan.”

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Before I get anyone to engage me as their financial consultant, I make them BELIEVE first that planning your finances the shariah compliant way  in Singapore is POSSIBLE!

Planning your finance the shariah compliant way can be done in Singapore! 🙂

I debunk the myths or their self imposed/self limiting beliefs one by one.

Elephant Shariah Compliant 1024x576
(Powerpoint Slide From a Seminar I Conducted at Singapore Management University)
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I showed them case studies.
Numbers.
Evidences. On how it can be done in Singapore.

I transfer my personal conviction by sharing my shariah compliant investment philosophies, relevant to Singapore’s context.

I told my skeptics.

You have to believe that it is possible.

In fact, I make sure that all my clients are as convinced as me before I agree to partner with them to plan their finances, the shariah compliant way in Singapore.

I turn my skeptics into ambasaddors.

You have to believe and be 100% convinced that your goals are achievable!
Only then, you can make it happen! 🙂
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And of course, when you set goals you gotta to be REALISTIC.

Too many people set a goal that is not realistic.
Deep in their heart that they dont believe they can achieve it.

Every year, set goals and never achieve them.

At last, it becomes a self fulfilling phophecy.

When they set goals, they dont achieve it.
When they set goals, they dont achieve it.
This happens even when the goal involves a super low target. Because it has become a self fulfilling phophecy.

My advice is for you. Touch your heart.
Set a goal that you strongly believe that you can achieve and work relentlessly towards achieving them.

 

3. Your Surroundings

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Thirdly, you have to take note of your surroundings.
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Your environment.

On the authority of Abu Musa al-Ash’ari, Prophet Muhammad (Peace Be Upon Him) said
A good friend and a bad friend are like a perfume-seller and a blacksmith: The perfume-seller might give you some perfume as a gift, or you might buy some from him, or at least you might smell its fragrance.
As for the blacksmith, he might singe your clothes, and at the very least you will breathe in the fumes of the furnace.”
Bukhari and Muslim

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You need to maintain a positive circle of family and friends.
Friends who want to see you succeed.
Friends who genuinely feel happy for your success.

One of my business mentors used to say, “If you hang out with 9 losers, you will see the 10th later.”

Be conscious of who you surround yourself with. You need put effort in that.

Muslim Financial Consultants

Muslim Financial Consultants Hariraya
(Fellow Muslim financial consultants in Singapore at a recent Hari Raya event)
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To become a shariah compliant champion investor has its own set challenges.

Surround yourself with positive minded friends.

Surround yourself with people who are interested in finance. In entrepreneurship.

In personal development.

Especially those who earnestly looking at doing things the shariah compliant way.

No man is an island.

Work together with people.
Encourage each other.
You can go far alone. Your can go further together! 🙂
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4. Eliminate Distraction
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Eliminate distraction.

When you set out your goals, whether you want to clear your riba based loans in Singapore.
Or whether you want to achieve any of your financial goals the shariah compliant way in Singapore.

Confirm + Chop, there will be people who are negative towards your ambition.
They say you are not good enough.
They say you cannot do it.

Doesn’t matter what evidence you provide. What justifications you give. Whatever things you say to convince them. They insist that your goals are impossible to achieve.

Even worse – they try to bring you down.
They membawang spread rumours about you. Some are plain jealous.

What I want you to do is to spend lesser time with them.
Don’t cut off silaturahim.
Just spend lesser time with these people.

You cannot satisfy everybody.
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You know in this world, there is one particular animal.
One insect which only sees shit.

In this world, there are many beautiful things.
Flowers. Trees.

But this insect – similar to a group of people – only sees shit.
In their eyes, they only see problems.
My entrepreneur friends term these people as LALAT… or flies.

Don’t bother about them.
Think about your BIG WHY.
Think about your love ones who want to see you succeed.
Kalau orang DOWNkan you. You kena tunjukkan you UP!!!
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I am sorry that I am a bit emotional about this.
I have seen too many good businesses get sabotaged due to envy.
Too many people quit because of what other people say.

My friends, our lives in this world are temporary. We are preparing bekalan for the akhira which is forever.

Lives 1024x394
Timeline of a human being

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Why worry about what other people say?
Why do we want to focus on unnecessary distractions?
Those Who Mind Don’t Matter, and Those Who Matter Don’t Mind!
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Let me share with you what distractions did to me.
I stay in Punggol. And I have an financial advisory appointment with my client at Punggol Waterway Point.
It is just a 5 minutes drive from my home.

Due to many distractions in my mind, I unintentionally drove into an expressway.
To exit and uturn, I had to do it in Tampines.
When I returned back, I got stuck in a traffic jam.
A 5 minutes journey become a 40 minutes journey because of distractions.

What I learnt from here is that if you face distractions, eliminate them.
Stay focused on your goals.
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5. Mentor/Coach
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In life, you don’t have to bet on your destiny.
Don’t have to gamble. Find a mentor.

Find someone who has achieved what you set for yourself
and after you find one.

Sami’na wa atho’na. (Surah Al-Baqarah [2]:285)
Listen. And follow.

What I share with my family and friends, once you find a mentor, just follow him/her.

Be humble.

As long as the strategies shared do not trangress shariah and are Halal, just follow.
Dont argue with your mentor. Dont bicker with him.
Because your mentor can see what you cannot see.

And because we want baraqah ilmu.
We want our mentor to give blessings to the knowledge transferred to his/her murid/disciples.

Mentor will ensure you remain on track. And if you deviate, you will return to back to the correct path.
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I remember a story shared by one of my business mentors.

We all know donkeys.

Donkeys are known as stupid animals. They are usually preys in the jungle.
Donkey 1024x706

One day, a donkey went to the jungle…
All the animals were suddenly scared of that donkey.
All the animals suddenly ran away from that donkey.
Why?
Because the donkey walked in with a lion next to him.
The donkey made friends with the lion!

Lion

When you make friends with a “lion” or a powerful mentor,
You make friends with people with proven successes.
People with credibility.

Your detractors will be nervous.

And as time pass, you will be like your powerful mentors.
And in return, achieve the goals that you are after.
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Follow these 5 steps closely. I doa that you will achieve all the goals that you have set for yourself for year 2018.
Amin. Amin. Insya’Allah. 🙂
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Now… If you are seeking a mentor, coach, consultant to share with you practical aspects on how you can save, accumulate and grow your money the shariah compliant way in Singapore, I am always ready to help you.

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 for this month.

Click here to schedule your FREE consultation today!

Take Care!  🙂

 

5 Common Myths On Growing Your Money The Shariah Compliant Way In Singapore…

5 Common Myths On Growing Your Money The Shariah Compliant Way In Singapore…

Myth #1:  It is EXPENSIVE. It is only reserved for the rich Arabs.
Arab Businessman
(Arabic Businessmen enjoying a cup of tea)
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Helmi Hakim’s answer: Not true. You can start investing in shariah compliant funds with as little as $5/day or $150/mth.
Gone are the days where shariah compliant instruments are reserved only for the rich and institutional investors with minimal investment amount of $200,000.
Today, common man on the streets in Singapore can also be a shariah compliant investor, with only SGD$150/mth.

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Myth #2: It is obsolete. It is backward. Some lament that Islamic Finance use ancient strategies. More than 1400 years ago.
Might no longer be applicable today.
Today is modern times. Modern times must use modern investment strategies.
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Helmi Hakim’s answer: Not true.
In reality, Islamic Finance have timeless principles as stipulated in the holy Quran and Sunnah of our beloved Prophet Muhammad (Peace and Blessings Be Upon Him) which are relevant and applicable till the day of judgement.

The pertinent principles (no riba, no maysir, no gharar) haven’t change. The application perhaps have changed.

How we apply the pertinent principles essentially does change over time because the modern financial world and business as we know it today is very different to what happened 1400 years ago.

So essentially the modern financial Islamic Finance industry is about taking those crucial, pertinent principles.
And apply them in the modern context.
No riba. No Maysir. No Gharar. In the context of the 21st Century.

In fact, I can argue that most global financial problems in the world today happens because of Riba (Interest), Maysir (Speculation) and Gharar (Uncertainty).

Be it the subprime mortgage crisis in year 2008, the Asian financial crisis in year 1997, Euro Debt Crisis, 1MDB saga, anything you can think of.

Allah S.W.T. has given us the prescriptions to the global economic ailments in the holy Quran and sunnah of our beloved Prophet Muhammad (Peace and Blessings Be Upon Him).
Why don’t we just follow them?
Of course, if I were to lay down everything here, my post will never end.
You can schedule a free consultation session with me to discuss more. Insya’Allah. 🙂

 

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Myth #3: It is FAKE.
Yek Eleh… They just replace the word “interest” with the word “profits”.
It is still conventional. But just dressed up as Halal.
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Helmi Hakim’s answer: Not true.
Name me any Islamic financial contracts. In essence, all of them are free from riba (interest), maysir and gharar.

Let me explain with a simple example.
Example, I set up a chicken rice stall.
Alhamdulillah.
My chicken rice is delicious.
Chicken Rice Helmi Hakim
A lot of customers queue to buy my chicken rice every day.

As a businessman, because I have one chicken rice stall that is so profitable, I want to expand my business.

I want to open up more stalls selling my delicious chicken rice.
Perhaps now my stall is in Tampines.

Helmi Hakim Chicken Rice Business Plan 1024x768
(Copyright belongs to Google Map)

I want to open one in Punggol, one in Pasir Ris, one in Woodlands, one in Jurong West and one in Somerset.
But, I dont have much money.

So what I do, I become a bond issuer. I approach people like yourself.
You give me $100,000.
I promise you that every quarter, or every half year or perhaps every year, I will give you money.
Regardless, my new chicken rice stall makes money OR lose money,
I will still give you money.

The money that I give you is called coupons.
From shariah compliant perspective, the coupons is not permissible because it is still known as interest and essentially riba.
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So how do we do it the shariah compliant way?
Again, I approach you.

This time round, I invite you to be my business partner in this new stall.
You run the stall for me.

I share with you my secret delicious chicken rice recipe.
At the end of the day, we share our profit and loss.
You take 70%, I take 30%. This is allowed from shariah perspectives.
In Islamic Finance, it is known as Musharakah.
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For another stall, I approach my friend.

This time round, my friend told me that he doesn’t want to run the stall.
But he wants to be an INVESTOR.
Okay. He contributes $50,000 to my new stall.

This time round, we have an agreeable profit sharing ratio.
Perhaps, I take 70% and he takes 30%.
However, if our business loses money, my friend’s loss will be limited to the $50,000 capital that he contributed.
This is allowed from shariah perspectives.
In Islamic Finance, it is known as Mudarabah.

Based on the above example,
I just like to illustrate that the application of Islamic Finance in our daily lives is REAL.
It is not just simply dressing up something that is haram to something that is Halal.

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Myth #4: It is DIFFICULT to understand.
It is too exotic. Too mysterious. Too unknown.
Mudarabah? Murabaha? Musharakah? Ijarah Muntahia Bithambleek?
Very confusing…
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Helmi Hakim’s answer:

Well.  The Malay proverb says, “Alah bisa, tegal biasa”.

Anything we do for the first time might feel difficult. But if we do it a lot of times, it becomes easier.
Because it becomes familiar and second nature to us.

In fact, when I first started my journey as a financial consultant in year 2007, I have ZERO educational background in Islamic Finance.
I had Diploma in Accountancy from Ngee Ann Polytechnic.
Sure! You asked me on how to interpret financial statements back then, Insya’Allah, I would be able to assist you.
But you asked me about Islamic Finance, I will stare at you with a blank face.
At that point, I just relied on the Fatwas by MUIS, our religious authority in Singapore. Nothing more than that.

Gradually, I upgrade myself.

I took my degree, Bachelor Of Science (Hons) Banking and Wealth Management with University of Wales (UK).
They have a module on Islamic Finance.

Then, I took an Islamic Finance Certification with Australia Islamic Finance Centre (AUCIF).
Currently, I am studying for my exams, Certified Islamic Finance Executive by Ethica Institute which is based in Dubai.

The point, I am trying to bring across is that we have to start somewhere.
A journey of a thousand miles began with the first step. The first step towards the right direction.

Insya’Allah, if we have set our niat right, Allah S.W.T. will guide us, show us the path and make it easier for us.
So, get started! 🙂
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Myth #5: It is troublesome/leceh/mafan.

Make money, make money only lah. Religion should be set aside.
No need to distinguish whether it is Halal or Haram.
As long we can make money, it is for the greater good right? Why need to think too hard?
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Helmi Hakim’s answer:

There are 2 ways of making money.

The shariah compliant (halal) way. And the non shariah compliant way.
If you can make money the shariah compliant way, why do it the non-shariah compliant way?

At the end of the day, you still make money right? 🙂

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To say that making money the shariah compliant way in Singapore is troublesome is not true at all.

In fact, the basic fundamentals of how shariah compliant fund makes money and non-shariah compliant funds make money is the about the SAME.
The only difference is the underlying assets.
To do it the shariah compliant way, the underlying asset has to be shariah compliant.
No pork. No alcohol. No casinos.

And other pertinent requirements (absence of riba, maysir and gharar) to ensure that the financial transaction and the underlying assets are permissible in Islam.
Shariah compliant. Halal wa Thoyibban.

As Muslims, the practise of our beloved religion, Islam covers all aspects of our life.
Family. Community. Business.
To Ibadah. Morals and even areas such as our personal hygiene.

Islam does not adopt a secular model whereby religion plays little or no role in public affairs.
There is no segregation of ‘church’ and ‘state’ as such.
Religion and our daily lives goes hand in hand! 🙂

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Above are just some myths that I came across when meeting hundreds of Singaporean Muslims out there, to share on how they can plan their finance, the shariah compliant way in Singapore.

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.

Click here to schedule your FREE consultation today!

Take Care!  🙂