Third and Final Update of Public Asia Ittikal’s (PAIF) Syariah Compliancy Issue

Thanks to Jean Chai, the age-long issue being discussed (or lack thereof), has been solved.

Jean Chai has brought the matter up to Public Mutual’s ranks and their response has put the issue to rest.

Unfortunately, I won’t be able to publish their explanation due to their wishes but what I can say is that personally, I am satisfied with their response and I am confident that Public Mutual’s syariah-compliant products are in fact, in line with the Syariah law.

View the previous posts about PAIF’s syariah compliancy.
Public Asia Ittikal Fund not Syariah Compliant?
Updates on the Public Asia Ittikal Fund (PAIF) Syariah Compliancy Issue
2nd Update on Public Asia Ittikal Fund (PAIF) Syariah Compliancy Issue

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Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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Other related posts:

ASB : Amanah Saham Bumiputera
ASD: Amanah Saham Didik
Public Mutual : Public Asia Ittikal Fund & Public Islamic Dividend Fund
Borrow to Invest : ASB Loan Part 1
Fund’s Strong Performance
Amanah Saham Wawasan 2020 : ASW 2020
My Investments with Public Mutual
Understanding Unit Trust
Amanah Saham Malaysia : ASM
Types of Mutual Funds (Unit Trusts)

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. I am glad that we have another satisfied investor here.:D

  2. hmm..

    r ur trading practices syariah compliant?

  3. Well, first thing, I don’t trade companies that deal with Alcohol and Gaming.

    Second thing, my trading activities does not bear the title Ittikal, or Syariah compliant, and I don’t take clients’ money. I also never claim that my trading activities are syariah compliant. Key word, I don’t take clients’ money and as such, I owe no duty of care to anyone.

    Public Mutual on the other hand do take clients’ money and they do use the word Ittikal/Syariah Compliant, and etc. So, they owe the clients a duty to explain and make sure that it is in fact syariah compliant.

  4. do as u say, not as u do?

  5. As far as I’m concerned, I am using methods that do not go against the syariah rules. There are companies that I avoid and there are methods that I do not implement (like say, methods that lean more towards gambling, like binary options and etc.). Of course I am taking steps to make sure that what I am doing is fine within the realms of Islam.

    However, like I said, I’m not trading clients’ money, and what I am trying to point out is that I owe no duty to anyone to explain whether or not my trading activities are indeed in line with syariah. I believe that it is within the constraints of syariah, and that’s how far it should go. I don’t have to make confirmations with trustees, syariah panels, SC, or even my clients.

  6. dr.rohana says:

    yeah i invested into this fund also, its good however d return is still negative due to the current market condition. luckily my unit trust consultant told me to invest at least 3 years.. http://www.dinarconsultants.blogspot.com

  7. Of course, medium to high risk unit trust funds are for the long-term.

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