Few weeks back, my colleagues and I, from NTUC Income Cooperative were invited to the World Islamic Banking Conference, at Pan Pacific, Singapore.

It was an eye opening event for us, as most Islamic finance practitioners, from all over the world conglomerate to discuss, debate and share ideas, on how to further promote the beautiful essence of Islamic Finance to the whole world.

We, financial consultants, from the only insurance cooperative in Singapore, have our fair share of experiences in promoting shariah compliant funds in Singapore, and to meet and listen in to the worthy speakers, from countries like Malaysia, Kuwait, Bahrain, Dubai,  is a breath taking experience indeed.

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If you have read my previous blog post, you will have realised that every single financial catastrophe that had happened, or is currently ongoing, are due to 3 prohibitive elements. Riba (Interest), Gharar (Uncertainty) and Maysir (Gambling).

Allah S.W.T has told …

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