How to know if my cash flow is good and compliant to Shariah Law?
In order to be informed about this, you need to meet one of our advisors so we could analyse your cash flow depending on how accurate the figures are. Analysing…
What if there is no nomination done?
If there is no Nomination done, usually the proceeds will be distributed via Faraid.
What is the time period for death claim to be done?
Depending on how long the beneficiary or executioner makes the claims, but it is recommended to get it done as soon as possible.
What if I miss some payment during the plan?
Different payment facility will impose different penalties. Therefore, find out exactly what the implication is and if the payment plan is actually affordable to you.
How do I know that I am deep in debt?
A proper cashflow exercise or check will uncover that you are unable to meet your financial needs. If your expenses including payment to debt facilities exceed 70% of your income,…
What is an alternative to credit card since it is not permissible in Islam?
The best alternative will be to restrict your usage to Debit cards. There are two views from scholars regarding the usage of credit cards but for safe spending habits debit…
How will your debt management plan impact your credit score?
While a Debt Repayment/Management Scheme can help you manage your debts, it is noted on your credit report and can lower your credit score initially. This is due to a…
What happens during an investment portfolio Shariah-compliant screening?
We will look into several key metrics and not only in terms of the companies the funds invest in.
How do I differentiate if revenue sources are permissible or not?
We usually look for an expert opinion to look through the sources. Sometimes you may be faced with ambiguity and may need a second opinion.
If I pass on, can the plan resume and my pilgrimage be done as Badal Hajj?
Yes, if nomination is done and you entrust the nominee to perform Badal Hajj.