Join our Telegram group: [ Ссылка ]
CPF is an excellent savings product for your retirement years.
You earn "risk-free" returns from the government for the amount you deposit in.
But for Muslims aware of the prohibition of interest in Islam, it creates a predicament, can we take in the interest as part of our retirement savings or should we dispose of it to charitable bodies, knowing full well the ruling on interest.
Well, scholars in Singapore debate on this topic, on one side, it is permissible, on the other, only take it if you really need it, if not, you have to dispose of it.
Ask relevant scholars who not only know about Islam but also know much about how the financial world works, there is a difference between this scholar and a normal Ustaz.
Video by Islamic Finance @ Singapore and is an excerpt of the post-Islamic Estate Planning Workshop conducted by Ustaz Haron and brother Khairuddin from FAiWA. Get your estate planning sorted out fast by emailing: contact@ifsingapore.org!
#CPF #interest #islamicfinance #muslimsg
