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Nazri Kharis- Shariah Wealth Strategist

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Nazri Kharis- Shariah Wealth Strategist

Shariah-Compliant Investments |
Personalized Financial Planning | Legacy Planning | Manulife 🇸🇬

23/10/2023

MENTAL HEALTH DAY- CLOSER LENSE ON BATTLING CHRONIC CONDITIONS

Last week was World Mental Health Day, I chanced upon one of the statements “Mental health conditions affect one in seven adolescents globally, with depression emerging as a leading cause of adolescent illness and disability.”

Hence I take the opportunity to speak about mental health risks to chronic health patients

Do you know that 1 in 4 patients suffers from depression after being diagnosed with the big C. There are studies that suggest that chronic health patients who undergo mental health treatments by seeing a psychiatrist or counselling have better survival rates than those who don’t

The good news is that most of your hospitalization shield plans do provide some mental; health coverage eg psychiatric consultation as an outpatient treatment.

If you are fortunate, some of your critical illness insurance plans does provide mental health benefit too.

Let me know if you need help identifying your existing plans for mental health benefits and if you don’t, then I suggest considering having it as it is necessary. Do it soon when your health is in your favor to be insured.

For more of such informative content do like and share this post the your concerned ones. Below are the links to my other social media channels.

Instagram: https://buff.ly/44SfaMp

Linkedin: https://buff.ly/3ErZ5SF

TikTok: https://buff.ly/44EQl6a

Disclaimer: The information is meant purely for informational purposes and should not be relied upon as financial advice.

17/10/2023

Buy Now Pay Later platforms are gaining traction in Singapore due to their interest-free payments over short-term commitments of 3-4 months. As enticing as it seems, one must be cautious not to overspend and make timely payments to avoid hefty late payment charges. The latest code of conduct will protect Platforms and buyers' interests well. Check out the new code of conduct rolling out in November 2023.

Disclaimer: The information is meant purely for informational purposes and should not be replied upon as financial advice.

16/10/2023

𝕁𝕠𝕚𝕟𝕥 𝔸𝕔𝕔𝕠𝕦𝕟𝕥𝕤 𝕗𝕠𝕣 𝕄𝕒𝕣𝕣𝕚𝕖𝕕 ℂ𝕠𝕦𝕡𝕝𝕖𝕤

If you are newly or long married here’s 3 reasons why a joint account to improve your family’s financial situation.

1. Simplifies finances: A joint account can simplify the management of household expenses and financial goals. It can be especially useful for paying bills, managing joint expenses like rent or mortgage, groceries, and utilities.

2. Emergency access: In case of an emergency, both partners have immediate access to the funds in the joint account, making it easier to handle unexpected expenses or situations.

3. Estate planning: Joint accounts can simplify estate planning, as they often come with a right of survivorship. This means that if one partner passes away, the remaining partner automatically inherits the funds without going through probate.

In perfect times often married couples see these arrangement as trivial matters. It usually when a unexpected event eg a permanent disability or a premature death that happens in an instantly or too rapidly, the perfect/surviving spouse is unprepared mentally to deal with situation. I hope this 3 tips encourages married couples out there to take the action during this perfect times, to be ready, because life aint predictable.

For more of such informative content do like and share this post the your concerned ones. Below are the links to my other social media channels.

Linkedin:

Instagram: https://buff.ly/44SfaMp

Facebook: http://bit.ly/Nazri_Kharis-ShariahWealthStrategist

TikTok: https://buff.ly/44EQl6a

Disclaimer: The information is meant purely for informational purposes and should not be relied upon as financial advice.

10/10/2023

A sustainable marriage is one with sustainable financial practices. Having a joint savings account for married couples is a common practice yet fundamental to ensure transparency in all aspects of a family's finances throughout their lifetime. Hope you find this video beneficial!

Disclaimer: The information is meant purely for informational purposes and should not be replied upon as financial advice.

09/10/2023

𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐀𝐜𝐜𝐜𝐢𝐝𝐞𝐧𝐭 𝐏𝐥𝐚𝐧𝐬 𝐅𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫'𝐬 𝐅𝐚𝐦𝐢𝐥𝐲 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐃𝐮𝐫𝐢𝐧𝐠 𝐒𝐭𝐚𝐫𝐭-𝐔𝐩 𝐏𝐡𝐚𝐬𝐞𝐬

During the initial stages of starting a business, it's common for business owners to invest a substantial amount of time and effort into their venture. This might mean working long hours, often exceeding a standard 40-hour workweek, as they establish the business, build a customer base, and work to make the company profitable.

And it is during this start-up phase period that the risk mitigation is crucial. Any mishap to the well-being of business owner whether business-wise or health-wise will severely impact the business continuity into the next phases. Hence one of the insurance plans that is simple to own yet gives one of the greatest value in term of daily accident risk is a Personal Accident Insurance Plan.

As compared to a life insurance, personal accident insurance covers daily accident risk and to own it requires minimal health underwriting. What’s great about it is, the coverage extends beyond just accident risk like sports and transportation but also in forms of food consumption,

If you are a business owner and you concerned about exposure to daily accident risk, then you need to own a personal accident plan.

For more of such informative content do like to share this post the your concerned ones. Below are the links to my other social media channels.

Instagram: https://buff.ly/44SfaMp

Facebook: http://bit.ly/Nazri_Kharis-ShariahWealthStrategist

TikTok: https://buff.ly/44EQl6a

Disclaimer: The information is meant purely for informational purposes and should not be relied upon as financial advice.

03/10/2023

Are you affected by the increased CPF Salary Ceiling that is effective from 1st September 2023. Those earning $6000-$6300 will be experience lesser take-home pay. Hope the video sheds some light on the implementation. Follow me for more of these valuable contents

Disclaimer: The information is meant purely for informational purposes and should not be replied upon as financial advice.

02/10/2023

Being There For Our Clients

A couple of weeks back i visited a client's home to plan for his investment endeavor. During our conversation, i was elated to know that he was from the same industry as i was before I joined the financial advisory industry during the Covid-19 period.

I told him, "Hey since you are an entrepreneur in the oil and gas industry, you must know that the Gastech Event is around the corner. I am sure they are vendors or suppliers whom you can network with"

He said "I heard about it but I am not sure if I am going. Are you going?"

I replied "Tell you what, let's go together. I wish to take the opportunity to also meet some industry friends that I have not met in ages"

The event day went well, we went from one exhibition hall to the other. And true enough I met folks from Wood and made some new friends and connections

And what made my day was hearing my Client said "Nazri, thank you for accompanying me this event"

Being there for our Clients is important as it strengthens the relationship and trust beyond just the financial services but more at a personal level.

Thank you for the opportunity Mr Client.

To all, do follow me on my other social media, links provided in the comments section! 😀

Linkedin: https://buff.ly/3ErZ5SF

Instagram: https://buff.ly/44SfaMp

TikTok: https://buff.ly/44EQl6a

26/09/2023

One of the biggest challenges for investors is managing their emotions. Especially for beginners, succumbing to emotions is common. Understanding the technicalities of investing and being objective is important to keep the outcome on track.

DM me if you need clarification on this topic. Like and share the post if you find it beneficial for you and your concerned ones.

Disclaimer: The information is meant purely for informational purposes and should not be replied upon as financial advice.

25/09/2023

Bias can significantly impact investment decisions and outcomes. There are several types of bias that investors should be aware of:

Here’s 4 common behavioral biases that can impact your decision-making in investing

1. Herding Behavior: This bias refers to the tendency of investors to follow the actions of the crowd rather than conduct independent research. Herding behavior can lead to market bubbles, over-leverage, crashes, as well as missed investment opportunities.

2. Loss Aversion Bias: Loss aversion bias occurs when investors feel the pain of losses more acutely than the pleasure of gains. This can lead to conservative investment choices that prioritize avoiding losses rather than seeking potential gains.

3. Familiarity Bias: Familiarity bias involves investing in assets or industries that an investor is familiar with, even if there might be better opportunities elsewhere. This can result in a lack of diversification and increased risk.

4. Recency Bias: Recency bias refers to giving more weight to recent events or trends when making investment decisions for example the recent hype in Artificial Intelligence potential. Investors might assume that recent market trends will continue into the future, ignoring the cyclical nature of markets.

It's important for investors to be aware of these biases and to take steps to mitigate their impact on decision-making. Conducting thorough research, seeking diverse perspectives, maintaining a disciplined investment strategy, and staying informed about behavioral finance can help investors make more rational and informed decisions.

For more of such informative content do like to share this post the your concerned ones. Below are the links to my other social media channels.

Instagram: https://buff.ly/44SfaMp

Facebook: http://bit.ly/Nazri_Kharis-ShariahWealthStrategist

TikTok: https://buff.ly/44EQl6a

Disclaimer: The information is meant purely for informational purposes and should not be relied upon as financial advice.

19/09/2023

Understanding why you need a personal accident at the first place is the key before owning it.

Do you live in a dengue-fever-prone location?

Or Do you send your kids to the childcare exposed to HFMD?

Hope you find this video beneficial and like and share! 😀

Disclaimer: The information is meant purely for informational purposes and should not be replied upon as financial advice.

18/09/2023

GROW SUCCESS CLUB DINNER EVENT

It's been almost a year since I joined Grow Success Club (GSC) and I must say the group is expanding rapidly to date it is close to achieving the 1000 members mark.

I cant thank more the leaders, Fahmi Rais and Ridjal Noor of the GSC for welcoming me into this group and I am happy to be knowing more people to provide them awareness of Financial planning Services whether it's for a personal or corporate level.

The highlight of the event is to be up close with honorable George Goh Ching Wah who shared the tips to sustaining a business and one of the pieces of advice given was to strengthen current niche for a period of 5 years before considering pivoting to other industries. He also shared his journey in acquiring businesses of various sectors and listing them in the market successfully, in my opinion, is an incredible show of determination, boldness, and strength.

When was the last time you have been to a networking event? Do you have any fears or concern attending them? Share with me in the comments and do follow me in the links in comment too.

Till my next post. Take Care!

05/09/2023

The Power of Networking

While networking session can be perceived as non-productive because of the tangible outcome is not realized immediately and if not planned well eg not meeting the right networking people or groups makes the session un-worthy of your time.

It is important to reach out to the networking people or group that are your target audiences although a mix of non non-target audience can sometimes connects you to the your audiences that you aimed for.

I was delighted to be invited by Qirom Consulting and GivingFridays for the opportunity to give a speech on business sustainability. It was a broad topic and the speakers invited were balanced. There was Enercon whom emphasized on reducing carbon footprints for buildings through the use of solar energy and efficient power systems and adoption of AI technology broad areas including implementation in Masjid to monitor the availability capacity during Friday’s congregation using video detection. They are many others good representatives yet to mention.

From us Ascent Islamic our definition of business sustainability was the idea and concept of Golden Handcuff which means providing financial incentive that are designed to retain employees for a period of time and also the concept of keyman protection which is essentially a life insurance to provide liquidity to the organization should the keyman be incapacitated due to permenent disability of an untimely death.

Once again representing Ascent Islamic, i am humbled and honoured to give our contribution to the event and look forward for more of such events to network and give impact to the society, professionals and individuals

For more of such informative content do like to share this post the your concerned ones. Below are the links to my other social media channels.

Linkedin: https://www.linkedin.com/in/nazri-kharis-a71778147

Instagram: https://www.instagram.com/nazri_kharis/

Facebook: http://bit.ly/Nazri_Kharis-ShariahWealthStrategist

TikTok: https://www.tiktok.com/

Disclaimer: The information is meant purely for informational purposes and should not be relied upon as financial advice.

Address

7 Temasek Boulevard #12/07
Singapore
038987

Opening Hours

Monday	10:00 - 05:30
Tuesday	10:00 - 05:30
Wednesday	10:00 - 05:30
Thursday	10:00 - 05:30
Friday	10:00 - 05:30

Telephone

+6597102028

Website

https://ascentislamic.com/

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