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Monthly Tax Deduction
Monthly Tax Deduction (MTD) or Potongan Cukai Berjadual (PCB) means that your employer will automatically deduct a certain amount from your salary every month and pay tax on your behalf, which goes...
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Submitting Tax Return
The tax year follows the calendar year, so the 2011 tax year is effective from 1st January 2011 to 31st December 2011. Depending on your income source you can file this anytime from the 1st of January...
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Tax Relief for Life Insurance
When you buy insurance, besides getting the comprehensive protection and a worthwhile investment that will keep you financially stable should the unexpected happen, one more feature are very important...
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Amanah Saham Bumiputera / Unit Trust / Investment : Risk Confusion
Understanding life is difficult. You always crazily chase pleasure but you often get pain. Balance and control is necessary in life, same applies to investment. There are gains, there are losses. Each...
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Life Insurance – Not For Education and Retirement
Life Insurance is invented to protect buyers from personal risks. Several types of life insurance products are created for these purposes. There are 5 dominant personal risks any individual bears :...
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Faraid and its Alternatives , and Hibah
Oga Tatsumi passed away, leaving behind his wife, two daughters and two sons. But before he died, he drew up a will for his assets to be divided equally among the five. His wishes differ from the...
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HIBAH , Escape Mechanism from Faraid
Regardless what the ulama and traditional islamic defenders say, Faraid or mawarith has an inherent limitation. We cannot decide who will receive at our own discretion, yes, faraid allow we to freely...
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Faraid in Life Insurance / Takaful
Have you ever buy Life Insurance Policy ? The Insurance agents may present you 4 forms you need to fill up. One of them, and the most important one is the proposal Form, because it forms the Offer part...
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Persatuan Perancang Kewangan Bumiputera (Bumiputera Association of Financial...
Apa itu Perancangan Kewangan ? Mencipta sasaran kewangan : apa keadaan kewangan yang dikehendaki pada masa hadapan. Menganalisis keadaan kewangan sekarang : apa status kewangan , pendapatan, belanja,...
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Hibah in Insurance / Takaful Again
Please refer all my previous articles regarding this at the first place. If you are Muslim, you cannot transfer all your estate as you like to anyone you like, even if you can, you can only freely give...
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High Sales Charge / Comission for PruBSN Takaful
I want to share a secret related to investment-linked insurance or takaful-linked. This information is written in the product brochure but rarely explained to the customer because it was always...
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Use Hibah and Trust To Protect Your Children
I will use a story to illustrate how to protect your children by creating a HIBAH (civil law call it as living trust). Monkey D. Luffy is a caring husband, and also a good father. Being married to Boa...
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How to Administer Estate After Your Death ?
What happen after your death ? Most of Malaysians think that all their estate planning issues are settled once they have a Will written. This is untrue because writing a Will merely indicates your...
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Financial Planning in Malaysia
A Financial Planner typically prepares financial plans for his or her clients. The kinds of services financial planners offer can vary widely. Ideal financial planners analyze every aspect of their...
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Muslim Should Make Living Trust Rather Than Nomination / Faraid
Recently I was involved in a discussion among some professionals, and I was given the opportunity to give an uninterrupted speech. My primary focus for the presentation was two-fold: (a) to provide a...
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Muslim / Malay ! Minimize Your Insurance / Takaful Spending !!
It is an accepted understanding already (among the knowledgeable people) that we must avoid probate process no matter what. The reasons are : 1) The beneficiaries or executors must go the court to...
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How Education / Saving Insurance Work ?
Under Age of Majority Act 1971, those who are below 18 are considered minor. Age of minority relieves these kids from some responsibilities but also restricts them from some actions. Contract Act 1971...
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Insurance Agent vs Unit Trust Consultant
Have you watched many Hollywood movies ? You must have seen how lawyers (in that movie) were debating in the court against another fiery lawyers. These lawyers represent their clients, they give their...
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How Much To Spend for Insurance / Takaful ?
Last week when I withdrew some cash at Maybank, there was a booth there. There was an insurance agent promoting Etiqa Takaful. I tried to ask several things about the product he was selling. As usual...
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How To Manage Debt ?
With rich people showing off their wealth, the normal people are caught up in a snare to catch up with them. Have you seen the MLM people persuading others to join then by displaying photos of big...
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