Islamic Finance Singapore

Home
Singapore
Singapore
Islamic Finance Singapore

Community of Islamic finance scholars, practitioners and students. We create content, research, disc Mission:
1.

Islamic Finance @ Singapore started as a watsapp group of Islamic finance practitioners and scholars to discuss and solve financial issues relating to the Muslims in Singapore. It has quickly grown to create content, events and research besides the initial work. To clarify financial issues pertaining to the community through credible and proper research.
2. To act as an accelerator to raise finance issues to the relevant authority
3. To form a cohesive unit that synergises Islamic Finance expertise from Industry players and asatizah

Vision:
1. To be a source of reference for the Muslim community in Singapore about Islamic Finance
2. To be a group that gathers Islamic finance issues and escalates a proposed solution to the relevant authority

Objective:
1. To bridge the gap between Islamic Finance practitioners/academics/industry players and asatizah /madrasah students
2. To provide a platform to facilitate information sharing and discussion about muamalat
3. To increase public awareness on the roles and impact of Islamic Finance towards a sustainable financial ecosystem

Short term goal (by Dec 2021): Register as a society
Mid term goal (Dec 2024): Unite Islamic finance groups in Singapore
Long term goal (Dec 2030): Create a fully Islamic financial institutions group

02/11/2026

What is your approach to working with clients as a wealth advisor?

Haikal Omar from iFAST Global Markets shares a little about himself and his approach to working with clients as a wealth advisor.

RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

01/11/2026

Honouring your parents is one of the most important responsibilities in Islam. But does being dutiful to them mean giving up your freedom to make your own life choices?

Many young adults struggle with this balance. They feel pressured to follow their parents' wishes regarding marriage, careers, or where to live, fearing that making their own decisions might mean displeasing their parents or losing Allah's Barakah.

But honouring your parents should not mean losing yourself. We can disagree without being disrespectful, establish boundaries without becoming neglectful, and make our own choices while continuing to treat our parents with kindness and ihsan.

The goal is not to choose between your parents and your own future. It is to serve them with love, make responsible decisions, and build a relationship rooted in respect rather than fear.

Access the halal investment mindmap of all things halal investments here: https://rizqx.sg/free-guide

30/10/2026

Are the Muslim community wealthier compared to 10 years ago?

In the final part of this series, Amir Hamzah, Team Director at iFAST Global Markets, shares his perspective on how the Muslim community’s wealth has evolved over the past decade.

Has the community’s financial position changed? Let’s explore his perspective.

RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

29/10/2026

Question of the week #145 asks:
If an ETF is Shariah-compliant, why would its income still require purification?

This is a reasonable question. Many Shariah-compliant equity standards allow investment in companies whose principal business activities are permissible, even if they earn a small amount of incidental income from non-permissible sources. For instance, a manufacturing company may produce entirely permissible goods but earn some interest from deposits held in a conventional bank. Provided that the company satisfies the applicable Shariah screening requirements, it may still be classified as Shariah-compliant.

One of the jurisprudential principles underlying this approach is يجوز تبعا ما لا يجوز استقلالا, meaning that what is impermissible independently may sometimes be tolerated when it is merely incidental or subordinate. This explains why directly investing in an interest-bearing instrument is different from investing in an otherwise permissible business that earns a limited amount of incidental interest. The concession, however, does not mean that the impermissible income itself becomes halal.

This is where investment purification becomes relevant. Rather than treating the entire investment return as impermissible, the portion attributable to non-Shariah-compliant sources is identified and removed. The investor may retain the permissible remainder. In this way, Shariah screening determines whether an investment is eligible, while purification addresses the treatment of any impermissible income arising from that investment.

📌 RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

28/10/2026

How do you determine a good financial advisor?

In Part 6, Amir Hamzah, Team Director at iFAST Global Markets, shares his thoughts on what makes a good financial advisor.

What do you look for when choosing someone to guide your financial decisions?

RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

26/10/2026

What should you do before meeting a financial advisor?

In Part 5, Amir Hamzah, Team Director at iFAST Global Markets, shares what individuals should consider and prepare before meeting a financial advisor.

Hear his insights in this conversation.

RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

23/10/2026

Is there a stigma around financial advisors selling insurance?

In Part 4, Amir Hamzah, Team Director at iFAST Global Markets, shares his perspective on the stigma surrounding financial advisors who sell insurance and how this aspect of financial advice is viewed.

RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

22/10/2026

Question of the week #144 asks:
If I already pay Zakat on my ETF investments, do I still need to purify my investment income?

Yes, you may need to do both, because Zakat and investment purification are two different obligations in Islamic law. Zakat is an act of worship imposed on eligible wealth when its conditions are met. Investment purification, on the other hand, concerns the removal of income earned from sources that are not permissible under Shariah. Although Zakat itself carries the meaning of purification, paying Zakat does not automatically make impermissible investment income permissible.

For example, suppose you own a Shariah-compliant ETF that generates dividends, a small portion of which comes from non-permissible sources. You may be required to remove that portion through purification while separately paying Zakat on your zakatable investments. Importantly, the amount given away for purification cannot be counted towards your Zakat obligation, as the two serve different purposes.

The distinction is therefore straightforward: Zakat concerns wealth that you rightfully own, from which a prescribed portion is distributed to eligible recipients (asnaf). Purification concerns income that you should not retain in the first place, which must instead be disposed of through appropriate channels. Depending on your investments and circumstances, both may apply.

📌 RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

21/10/2026

What do financial advisors offer beyond investing advice?

In Part 3, Amir Hamzah, Team Director at iFAST Global Markets, shares his perspective on the value financial advisors bring beyond investment recommendations and what their approach to working with clients looks like.

Hear his insights in this conversation.

RizqX is building robo-advisory for halal investing, so you can invest in a diversified portfolio easily, regularly and at your own pace.

Join the waitlist: https://ifsg.formaloo.me/rizqxwaitlist

18/10/2026

Consumerism: The Trap That Never Ends
You work to afford a better life, but what happens when the life you are working for keeps getting more expensive?

Every time you reach what once felt like enough, a newer model or a bigger upgrade demands your money, leaving you earning more yet feeling just as financially trapped.

Consumerism has become more than a habit; it shapes our holidays and creates pressure to maintain a lifestyle built on debts and golden handcuffs. What once felt like success can slowly become a cage, making us trade our peace of mind and family time just to keep up.

A better life does not always require a more expensive one. Real sufficiency is not about having everything you desire, but learning to appreciate what is already enough.

Access the halal investment mindmap of all things halal investments here: https://rizqx.sg/free-guide

Address

23 New Industrial Road #04-09 Solstice Business Centre
Singapore
S536209-MAILSONLY

Website

http://islamicfinance.sg/

Alerts

Be the first to know and let us send you an email when Islamic Finance Singapore posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.