-->
Financial Literacy is the one topic that is not taught in schools, yet is CRITICAL to our everyday lives! Money permeates every level of society and is used in every aspect of our daily lives. Yet there are so many misconceptions, so much misinformation, and too much mis-selling when it comes to money!
iFinancial Education Pte Ltd provides educational services in the form of workshops, seminars, and events. Financial Literacy is a much-needed life skill but is not taught in schools. Money permeates every level of society and life, and yet the vast majority of people are not equipped with the necessary skills to properly manage their money. Our goal is to educate and empower our community to take charge and make a difference in their lives.
Death is certain and will eventually come to us whether it's today, tomorrow, or in the future. How prepared are we if Allah SWT wants us to return to Him?
The following course is to educate you on the fundamentals and the foundations of Islamic Inheritance. This topic can go all the way to the Ph.D. level, however not all of us require that in-depth knowledge. Understanding the fundamentals like knowing the various terms in Wills etc and the practical steps of what an executor will be doing will be sufficient for most of us.
Earning through our income and spending money can be an ibadah if we do it correctly and in a lawful (halal) way. If done right, the money we earn can also grow. This is Barakah.
For this program, we will be talking about Money - the Barakah in our Wealth. Some say that money is the root of all evil and it is not everything. In truth, we need money for a lot of things, especially in this day and age. Money is not a problem. The problem is the person's attitude toward money and understanding of how to use it and manage it properly.
There will come a time when you will not be able to find a single person in the world who will not be consuming riba. And if anyone claims that he is not consuming riba then surely the dust of riba will reach him.” No matter what we do or how we try to avoid it, it is clear today the Hadith mentioned above has become a reality. Every single one of us today cannot escape it.
Riba is a concept in Islam that refers broadly to the concept of growth, increasing or exceeding, which in turn forbids interest credited from loans or deposits. The term 'riba' has also been roughly translated as the pursuit of illegal, exploitative gains made in business or trade under Islamic law, akin to usury.
The answer is Neither.
Our various formal education has always instilled in us the knowledge and skill set that better our careers and help us to earn a bigger paycheck every month.
Each of us also has dreams and goals that we want to achieve. Yet we have limited knowledge of proper financial management to aid us in the process.
Mind Your Money The Muslim Way” aims to equip its participants with proper financial planning tools and strategies, while inculcating Islamic values every step of the way. This helps us to mind our finances in line with Islamic teachings with the hope that we attain as much Barakah as possible.
About NSA Financial Literacy
The target group for this module will be learners from all industries. At the end of this module, learners will be able to acquire the awareness and knowledge of various insurance plans and prepare for sustainable and stress-free retirement.
This course is primarily intended for learners aged 50 & above.
Learning Outcomes
Plan finances for sustainable and meaningful retirement yearsUnderstand the various health insurance schemes to make informed decision for stress-free retirementUnderstand the purpose, importance, key consideration, and ways in distributing your assets in an effective manner
Islamic Inheritance Services
As Muslims, we are all aware that our inheritance procedure has always been via faraid, given to our rightful heirs. However, how many of us are aware that there are 5 additional steps between our death and our heirs getting their inheritance?
This then begs the question of how we can expedite the process. Additionally, all of us wish the inheritance process to proceed smoothly without contentions or problems.
Our inheritance audit examines each individual’s unique circumstances while advising procedures that safeguard the right of each heir.
1. Inheritance Audit
2. Executor Preparatory Class
3. Wasiat Writing Services
Insurance Audit
Having a comprehensive insurance portfolio is a staple of every Singaporean. We purchase various insurance policies that will ultimately benefit us or our dependents.
As Muslims, we have the duty in ensuring that our insurance policies are shariah compliant. In the absence of takaful products, it becomes increasingly difficult to differentiate Shariah-compliant insurance policies from the non-Shariah ones.
With our Insurance Audit, we can pinpoint any non-Shariah complaint policies, and replace them. Furthermore, this audit will determine if your insurance portfolio provides too much or too little coverage.
Zakat Calculation
It is the obligation of each and every Muslim to pay out Zakat every Hijri year. Purification of wealth via Zakat ensures that we continually attain Barakah in our lives.
In this modern day, every one of us have various assets in different forms and liquidity. Our Zakat Calculation Audit will differentiate the zakat-able assets from the non-zakat-able assets, thus calculating the exact figure to be paid.
Investment Audit
In the modern world, Muslims have to contend with various financial issues, including inflation and zakat. Therefore, we cannot allow our money to reside in the bank in the long term, allowing inflation and zakat to reduce its purchasing power.
Some of us will enter into various investment strategies to ensure that our money’s growth is in tandem with or even exceeds the increase in the cost of living.
However, how do we ensure that the growth and returns in our investment portfolio are truly halal? Here we can audit your investment portfolio to not only be 100% shariah-compliant but also to be the best-suited portfolio according to your needs.
.
Cashflow Planning
The school has taught us how to earn money, while we will teach you how to manage them. How then to find the common ground and assimilate these two pieces of information?
With careful cashflow planning, you can ensure that you know specifically where your hard-earned salary flows towards, and how to manage towards eventual optimal cash inflow and outflow.
Retirement Planning
Financial independence has always been the ultimate aim for anyone. Most of us achieve this by saving a portion of our salary. Yet there is no clear plan for our eventual retirement.
With careful and strategic planning, we can help you put in place a solid yet workable retirement plan that ensures all your needs are met.
The Journey of IFE
iFinancial Education Pte Ltd provides educational services in the form of workshops, seminars and events. Financial Literacy is a much needed life skill, but is not taught in schools. Money permeates every level of society and life, and yet the vast majority of people are not equipped with the necessary skills to properly manage their money. Our goal is to educate and empower our community to take charge and make a difference in their lives.
Zaid Masagos
Founder & Lead Trainer
"Can you guarantee that you will wake up tomorrow?"
- Zaid Masagos
Syed Afiq
Co-Founder & Trainer
"Plant your Pokok Kurma today, and it will feed you forever."
- Syed Afiq
Surina Zakariah
Trainer
"Wealth is not in having vast riches, it is in contentment."
- H.Muttafaq Alaih
Asy'ari Rohaizat
Trainer
"Whoever follows a path in pursuit of knowledge, Allah will make easy for him a path to paradise."
- HR Muslim, 2699
Mohd Shafee
Trainer
"Seize 5 moments before the next 5 appears...health before sickness..youth before old age..wealth before poverty..free time before preoccupation and your life before your death."
- Al-Hakim
Marlini Rahim
Trainer
"To seek lawful earnings is an obligatory duty following other obligatory duties"
- Bayhaqi, shuib al-Iman
Copyright © iFinancial Education Pte Ltd 2022