Let’s explore the basics of Islamic finance and bust some misconceptions.
“Islamic financing is only for Muslims?”, “Islamic finance is old-fashioned.” “Islamic finance is so complicated, that’s why I prefer conventional finance.”
These are some misconceptions that the public still have today.
In reality, Islamic finance is actually a credible alternative to the conventional financial system. Islamic finance adheres to the Shariah law, which prohibits any transactions that have elements of riba (interest), gharar (uncertainty) and maisir (speculation). Islamic financial system can be a useful tool to help you grow your wealth and legacy.
One way to do this is to have FWD Invest First. It is a holistic Takaful investment plan that cater to your needs while ensuring that your assets remain protected. To learn more, reach out to our Financial Wealth Consultant.