By now, you might have heard that NTUC Income has just launched its new financial product called VivaLink.

VivaLink is an investment linked policy that aimed at earning you potentially higher returns for your savings while you enjoy the best insurance coverage for yourself.

Alhamdulillah…. To me, this is a good news for our Muslim community in Singapore!

(My family and I celebrating Hari Raya Puasa)

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Whenever I meet my clients or prospects engaging my Islamic Financial Planning services, one of the most common questions that I get is, ” Is this financial instrument halal, or is it haram? Why is it halal? Why is it haram?”
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One of the things that I share, is that, if you will like to know whether a financial instrument is shariah compliant or not, the first thing you have to look for is:
You have to look at the underlying assets.