Author: The Official Helmi Hakim Website

Islamic Financial Planning In Singapore: Is It Possible?

Some of my peers in the industry have been asking… “Helmi… You always talk about Islamic Financial Planning. What exactly is Islamic Financial Planning? How is Islamic Financial Planning different than conventional planning? Can we apply it exactly in Singapore?” ……………………………………………… ………………………………… …………. Yes. I specialise in helping Muslim families in Singapore, plan their finance in a shariah compliant way. In accordance to the Quran (The Word of God) And Sunnah (Traditions of Prophet Muhammad P.B.U.H).   One of the most important element of planning your finance the shariah compliant way is that you need to ensure that the financial strategies...

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Helmi Hakim’s Perspective On NTUC Income VivaLink Plan…

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) ………………………………………………… ………………………………. 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...

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How To Calculate Your Zakat On Your Insurance Policies In Singapore…

Time flies… Now, we are moving to the third week of Ramadan. Alhamdulillah… For the past 1 week, I have a flurry of clients, asking me on the existing cash values of their insurance policies. My clients need to know the cash value of their insurance policies so that they can calculate collectively, how much zakat to pay for the year. ……………………………………………………….. ………………………………………………. Zakat which literally means purification is the 3rd Pillar Of Islam. Allah (S.W.T) has made Zakat compulsory on all Muslims. It is a religious obligation for all Muslims who meet the necessary criteria of wealth. Here,...

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Helmi Hakim’s Review On Islamic Banking & Investment Asia/Middle East Congress 2016

Alhamdulillah… My mentees and I, financial consultants from NTUC Income Cooperative were honoured to be invited to Islamic Banking & Investment Asia/Middle East Congress 2016 a few months back. I received a lot of requests on my Facebook for me to share takeaways and learning points from the 2-day congress – but there was too much to share and I was really busy. The event by itself, was really awesome! …………………………………….. ………………………….. ….. As most of you might have known, I work as a financial consultant that helps Muslim families, plan their finance in a shariah compliant way in Singapore . So being able to interact face...

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Retirement Planning, The Shariah Compliant Way in Singapore…

I just came back from my holiday trip to Europe a week back, and I received a lot of emails, whatsapp messages, asking me specifically on retirement planning in Singapore. I am still following up, one by one. ………………………………………. Since the Rebecca Lim’s fiasco, many of you have asked me on how to calculate how much you need to save today, so that you have enough money to retire comfortably in Singapore, and the best part, how to do it in the shariah compliant way. (My mum and dad approaching their retirement years, relaxing  at Table Mountain, in South Africa) ……………………………………………………….. …………………………….. …………….....

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Macarons and financial planning in the real world….

My wife and I went to a baking class last week, to learn how to bake macarons. Some of my colleagues, were telling me, “Aiyah… Why go for class? Just go to youtube and see how to make it!” On that very day, when my instructor demonstrated to us in class,  the procedures, step by step, I was telling myself… “Not bad… Mix here. Mix there, and its done! It looks pretty easy! :)” ……………………………………………………….. ……………………………. However, when it comes to our turn to do it on our own, I began to face difficulties. I started beating the egg white using...

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5 Risk Management Strategies When On Holidays

I travel a lot for my holidays and get quite worried reading the headlines of what is happening around the globe. Hence, I put forth some risk management strategies that I personally use when travelling overseas. You can follow if you find them useful. …………………………………………………………………………………. ………………………………………………………………………………… 1)  Don’t put your money in one place Segregate your money. Whenever I travel overseas, I segregate my money into 2 wallets. Some of my money I left it in the safe at the hotel room. Some of my money I kept it in the hidden compartment in my bag. Most important of all, don’t put your money in...

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5 Takeaways I get From Ip Man 3 movie

I love the first 2 series of Ip Man movies, and when IpMan 3 came out, I was exhilarated. I was excited too because the movie features additional characters like Mike Tyson, the legendary, American former professional boxer. I think, this movie is great because, in addition to the fighting scenes which display good martial arts techniques which are imminent in its previous movies, they now also give extra emphasis on good, positive values that we can emulate as a fellow human being. Here are the 5 valuable takeaways that I get and I will try my best to apply in my life. ………………………………………………………………………… ………………………………………………………………………… .. 1. Lead by example...

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Attractive Promotions with ShopBack!

Many of you, knows that I like to travel. I travel every month. I’m just back from my holidays in Penang and Kuala Lumpur. Next week, I will be celebrating my wife’s birthday at Bali, Indonesia. When I book for hotels and air tickets, I always look for the best deals. Today, I have good news to share with you. I have a “lobang”, a superb deal that can help you earn money while you spend for your holidays. I recently discovered a cashback website called, Shopback. Previously, when I wanted to buy air ticket and hotel rooms, I...

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How To Transform Your Frustration Into Strength

By now, you might have known that I have set up and lead a group of Muslim financial consultants to promote cooperative insurance and shariah compliant funds in Singapore. Many people thought that being a financial consultant is a very easy and glamorous job. Very flexible timing. You can work as and when you want. You are paid generous commissions. You get to travel all over the world for free. It is further than the truth. What people don’t see is the hardwork. The rejections. The disappointment. The sacrifice. The failure, and persistency and willingness to get up back and move...

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Is there really potential for Islamic Finance to grow in Singapore? (Part 1)

Note: The story that I’m about to share is a fiction, and not a reflection of reality in Singapore. The story goes…. On a bright, Sunday morning at a housing estate in Yew Tee, Misnah was beaming ear to ear, excited because she is going to finally get married to the love of her life, Ahmad the following week. She and Ahmad had diligently save money in their Al-Wadiah savings account, giving Hibah of 0.8%/annum and the money accumulated is just nice to pay for their combined wedding at a halal restaurant. They have also bought their lovely freehold...

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Islamic Finance Quiz: Is this transaction Halal or Haram?

If you have been reading my blog post, you will have known that I am a financial consultant who specialises in Islamic Finance in Singapore, and have been actively recruiting financial consultants, to assist me in the promotion of cooperative insurance and shariah compliant fund in Singapore. …………………………………………………………………………………………………………………………. …………………………………………………………………………………………………………………………. Alhamdulillah…. A lot of you, have contacted me. I have 5 mentees taking exams now, to join me as a financial consultant and many more visitors from my blog who express their interest to support Islamic Finance in Singapore by subscribing our shariah compliant financial instrument. I will love to interact with more...

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Helmi Hakim launches a FREE Financial Planning App…

Alhamdulillah…. I just launched a financial planning app and it is available for FREE for a limited time at Apple App Store. If you are using iphone, I highly recommend you to download my app, by going to App Store and search my name, “Helmi Hakim”. I created the app for Singaporeans who are interested to have a cool and trendy app in their iphone, that can assist them to plan for their finances and at the same time, get FREE, real time  tips on how to save more money in Singapore. By downloading, Helmi Hakim’s Financial Advisory App,...

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18 SpeedWealth Tips, I Learnt From Reading T Harv Eker Book….

I was reading a book called SpeedWealth by wealth guru,  T Harv Eker and will like to share some powerful nuggets. The nuggets may look like common sense but I find it invigorating and refreshing, and I believe it will benefit you too, especially if you are in business! Have a read! 1) You have to position yourself for wealth. 2) Success is a learnable skill. 3) If someone is doing better than you, it’s because they know something that you don’t.   4) The Law Of Income: You will be paid in direct proportion to the value you...

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NTUC Income FutureYou Thank You Promotion….

Recently, I met my 54 year old client at her home in Bedok, to help her do her yearly financial review. I realised her birthday is just in a few more months time. I looked at her gleefully, smiled and told her enthusiastically, “Wow Kak…. Your birthday is coming. It must be a relief that finally you are going to draw out some money from your CPF soon. :)” I added, ” You can finally relax a bit and get ready for your retirement! :)” She sighed and replied with a subdued, sad voice, ” You don’t understand Helmi. My CPF OA and SA combined...

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