Types of Zakat (Jenis-jenis Zakat) – Islamic Tax

Alright, let’s talk about Zakat. For muslims, satisfying your zakat requirements is one of the most fundamental things to consider of. Zakat is an Islamic Tax, so to speak.

Zakat is one of the five pillars of Islam. Yes, it is that important.

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Public Asia Ittikal Fund not Syariah Compliant?

I’ve been meaning to blog about this topic for quite sometime now.

While I was in Malaysia, I received Public Asia Ittikal Fund’s (PAIF) annual report for the financial period from 2nd of August 2006 to 31st October 2007.

In the “notes to financial statements” section, they listed out pretty much all of the companies that they are holding in their portfolio.

One company caught my attention. ABC Learning Centre, an Australian company.

According to ABC Learning Centre’s financials, I noticed that their total debt divided by market capitalisation is somewhat in the vicinity of more than 50%.

[Read more…]

ASB : Amanah Saham Bumiputera

In Malaysia, ASB (short of Amanah Saham Bumiputera) is one of the hottest unit trust products in Malaysia. People like ASB because of the product’s ease of understanding and ease of getting your money in and getting your money out. The returns on average are fairly alright. Way over any fixed deposit rates in Malaysia. ASB is one of the products offered by PNB (short for Permodalan Nasional Berhad), a Malaysian Asset Management company.

Here are some features of ASB: [Read more…]

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