Can I plan as a family or on behalf of someone else?
Yes we have done strategies for investment as a family or as a couple.
How much should I set aside monthly or annually for Hajj or Umrah?
Average amount of $3000 per year will be a good start
How much returns can I expect when I invest for Hajj or Umrah?
Depends on how much you invest regularly into the policy, but at an average (not fixed) 8% ROI annually, we would plan for you to achieve at least $30-40,000 for…
Can the invesment plan be assigned to more than one child?
Investments if done based on one ownership as a parent, can be meant for multiple children.
What if my children are adopted or unrelated to me biologically?
The same applies to any child, if we want to be responsible to plan for them.
At which age is it best to start investment for my child?
The earliest to do is as soon as you have the intention to start saving up for their education. The longer the horizon towards Pre-university age, the better.
What is needed for Wasiyyah writing?
Before a Wasiyyah is done, there should be proper Islamic Estate Planning done. This is to ensure accuracy eventually on the things to be included in the Wasiyyah.
Is legacy planning necessary?
Legacy planning is encouraged in Islam as a protection tool and providing economic security to your family. In view of rising costs in Singapore, we have to make proper arrangements…
How much do I need to set aside to start?
We will do a simple review of your cashflow and look into a sustainable amount based on your income level and asset level.