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