Wednesday, April 15, 2009


Financial Planning is everything about planning your finance. It is all about money from the money you earn & the money you spent. Generally, financial planning involves planning for spending and saving future income. This plan allocates future income to various types of expenses, and also reserves some income for short-term and long-term savings. Broadly, it is a process of determining an individual's financial goals, purposes in life and life's priorities, and after considering his resources, risk profile and current lifestyle, to detail a balanced and realistic plan to meet those goals. The individual's goals are used as guideposts to map a course of action on 'what needs to be done' to reach those goals.

Steps in financial planning:

1. Cashflow management:
o Knowing your current net worth. Generally your total asset minus your total liabilities.
o Eliminating bad/ doubtful debts.
o Frequently save some of the money.
o Lifestyle management

2. Takaful/ Insurance Planning
o Managing risks by ensuring all your family members and assets are well protected with comprehensive takaful/ insurance coverage. This includes education planning for your kids.

3. Investment Planning
o Consider where to channel your saving to a better place where it can generate higher return or the dividend

4. Retirement Planning
o Planning to ensure financial independence at retirement. Surely you want to retire rich and not poor. This is important aspect of financial planning and somehow many people did not think for the future.

5. Tax Planning
o Planning for the reduction of tax liabilities and the freeing-up of cash flows for other purposes, under the local tax regime.

6. Estate Planning
o Planning for the creation, accumulation, conservation and distribution of assets. An estate planning or a will can provide financial security for your family, thus your property is preserved and passed to beneficiary in a proper manner. For muslim, you can hire an Islamic Estate planner so that the Will is in accordance to Syariah.


1. Have you engage any Estate Planner to facilitate the distribution of your assets to your loved ones according to Islamic Laws?

2. Do you have Takaful or insurance coverage of at least 10 times your annual income?

3. Do you have enough savings to cover at least 6 months of my monthly expenses?

4. Have you plan your retirement fund to build up to at least 10 times of your annual income?

5. Do you have critical illness takaful or insurance to cover at least 2 times your annual income?

6. Have you engage in a medical takaful or insurance plan that will take care of my medical & hospitalization expenses at minimum cost (min 90% discount)?

7. Do you have a trusted financial professional to look after your financial well-being?

8. Have you plan for the university’s education fund for all of your children?

9. In the event of my death or total permanent disability, will your house be fully paid?

10. If you were to sell your house now, would you have enough money to pay off the outstanding mortgage?

Thursday, April 9, 2009

Kau Yang Satu- Ramli Sarip

Kaulah Yang Maha Esa
Kaulah Yang Maha Pengasih
Kaulah Yang Maha Penyayang
Tiada hidup tanpaMu

Kaulah Yang Maha Agung
Kaulah Yang Maha Mengetahui
Tuhan dunia akhirat
Tiada aku tanpaMu

Bilaku rasa pilu
Bilaku rasa resah
Bilaku kekosongan
Kau tempatku mengadu
OH Tuhan yang satu
Engkaulah Tuhan yang satu

Segala puji-pujianku
Tujukan padaMU..padaMU
Dan hidup dan matiku hanyalah