What are the basics you need to get right before embarking on an investment course?

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https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Christopher Ng

An investment course is not a panacea to the problems of the modern age. It … Read more >>

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How the rich gets richer – a private banker spill the beans

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https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Alvin Chow

Jeff is a private banker who manages the wealth of high net worth clients – … Read more >>

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3,444% Gain by Yield Farming Cryptocurrencies

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for the source.
https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Christopher Long

In the recent months, you may have come across the terms “Yield Farming” or “Liquidity … Read more >>

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How to profit from the attacks on Huawei – buy Samsung, Xiaomi, SMIC and MediaTek

Click on How to profit from the attacks on Huawei – buy Samsung, Xiaomi, SMIC and MediaTek
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https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Alvin Chow

Every once in a while we would hear news about Trump introducing new bans on … Read more >>

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Shariah Investment Screening Methodology

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Author: Marubozu

I received many inquiries since my last articles on the Shariah Investment, I use this opportunity to explain how Muslim can use the Shariah Compliant Rulebook to conduct the screening and monitor the Shariah Compliant-ness of their investment regularly.

Shariah Investment in Singapore.

Is Halal Earning with Investment Possible?

Shariah Compliant Rulebook

There are 2 important aspects to ensure the investment is Shariah Compliant (a) Business Activities (b) Financial

Business To Avoid:
Investment is not allowed in companies generating income from any of the following activities:
• Adult Entertainment
• Alcohol
• Cinema
• Defense & Weapons
• Financial services (insurance, conventional banking, conventional financial institutions, mortgage, etc.)
• Gambling
• Gold and silver hedging
• Interest-bearing investments
• Music
• Pork
• Tobacco

Financial Screening:
• Total sum of non-permissible income should not exceed 5% of the total
income generated by the company
• Total sum of interest-bearing cash and investments should not exceed 30% of the preceding 12-months average market capitalization
• Total sum of interest‐bearing debts should not exceed 30% of the preceding 12-months average market capitalization
• No investment in fixed income preferred shares is allowed

Purification Methodology:
• Investment Purification
Investor purifies the non-permissible income per share regardless of any capital gain, dividend distribution, or compliance status for the stock.

Example #1: Apple

Apple is Shariah compliant as the stock passes Business Activity and Financial. If Muslim investors have invested in Apple shares, investors can keep the capital gain but dividends have to be donated away (according to the purification methodology).

Example #2: DBS Bank

DBS Bank is not Shariah compliant as the stock fails Business Activity due to Non-permissible income (i.e. Riba in this case) and Financial due to interest bearing investment and debts. If Muslim investors have invested in DBS Bank, all capital gain and dividends have to be donated away.

Muslim investors who would like to make sure your investment portfolio is Shariah compliant, you may write to Kenny Loh (email: kennyloh@fapl.sg) to have a Shariah Compliant Portfolio Review.

Kenny Loh is a Senior Consultant and Certified Islamic Wealth Advisor of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Sympsosium and Invest Fair. 

You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement

No commission trading – is there a price to it?

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https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Alvin Chow

Robinhood caused a stir in the trading community, especially among the millennials, when they introduced … Read more >>

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Avoid Investing in Frauds in China Using This Simple Framework

Click on Avoid Investing in Frauds in China Using This Simple Framework
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https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Ho Khinwai

Luckin Coffee, TAL Education Group, Puda Coal, Kangmei Pharmaceuticals, Huishan Dairy, Sino-Forest… Singapore investors would … Read more >>

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Backtest shows REIT investors can pocket more profits by using discount brokers

Click on Backtest shows REIT investors can pocket more profits by using discount brokers
for the source.
https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Christopher Ng

The arrival of discount brokers is a game-changer for retail investors. Personally, I saw an … Read more >>

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MoneyOwl – humanising roboadvisors to better serve consumers

Click on MoneyOwl – humanising roboadvisors to better serve consumers
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https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Alvin Chow

There are a handful roboadvisors nowadays and it is often difficult to tell the differences … Read more >>

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Alibaba to benefit from Ant IPO and potential trading opportunities in Sembcorp Ind & Sembcorp Marine

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Alibaba to benefit from Ant IPO and potential trading opportunities in Sembcorp Ind & Sembcorp Marine


for the source.
https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Alvin Chow

The stock market has been prospering but not every industry is booming. Covid-19 has given … Read more >>

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