During the 2008 financial crisis, global banks around the world starting collapsing and since then, people started to question the security of their savings. The possibility of local and foreign banks in Malaysia remaining in business forever is not guaranteed and thus your savings could be at risk should a bank fail. So is your money safe?
What is takaful? Have you ever heard of it? How does it works?
If you're tempted to start investing your money, or even if you're already a seasoned investor, it's crucial to make sure you manage the risks you are exposed to in order to avoid suffering agonising losses to your capital.
Choosing the right type of insurance for your needs can be tricky. This guide looks at the different types of insurance available, how to choose the right cover and when and how to buy it.
Saving money and investing money; are they two same thing?
If you save money, does it means that you are investing your money too?
When you coupled with your
spouse, everything is wonderful. Everything looks rosy and nice in the beginning. After the honeymoon
period, reality strikes – finances!
How do you avoid this blow as a newlywed?
You can't plan financially without understanding investment risk. Many people, when they hear about 'risk', think automatically about the chance of being defrauded or not getting all their money back. This 'capital' risk is important, but it isn't the only type.
If you fell ill and were unable to work, how would you manage financially? Insurance might help.
Some people often get into problems when dealing with banking-related issues. To make sure you are not part of them, we suggest you to follow these tips from Bank Negara Malaysia (BNM).
Malaysia’s Islamic insurers are seeking to double policy holders in five years by investing more in digital technologies to attract a younger audience, according to the industry association’s head.
The Takaful and Insurance Benefits Protection System (TIPS) is a system established by the Malaysian Government to protect owners of takaful certificates and insurance policies from the loss of their eligible takaful or insurance benefits in the event that an insurer member fails and is unable to honour the takaful or insurance benefits. Takaful operators and insurance companies that are member institutions of PIDM are also referred to as ‘insurer members’.
PETALING JAYA: Close to 25,000 Malaysians from Gen Y,
defined as those below age 35, have become bankrupts over the past five years.
Insurance is one of the important elements to protect your financial. However, you need to make sure you are not involved with mistrusted insurance or even scam.
Financially protecting yourself and your loved ones financially against
a death in the family means there is one less thing to worry about if the worst
should happen.
Yes, protect your cash!
These are four steps you can take to protect yourself from financial fraud.
KUALA LUMPUR, 16 June 2015: A strong majority of Malaysians are optimistic in reaching their investment goals, according to a survey by Franklin Templeton Investments.
KUCHING, June 15, 2015: The recent earthquake disaster underscored the call by insurance providers such as Prudential Assurance Malaysia Bhd (Prudential) to prepare for the unforeseeable.
Follow these rules and you will deal the investment risk better.
Inflation risk is the threat of rising prices eroding the buying power of your money. In many cases, saving rates have been lower than inflation, meaning that the returns savers are making on their money are not enough to keep up with the rising cost of living.
Taking the decision to begin investing your money is a big
step. Many of you are doing so in order to increase the capital value of your
money or to get an income and maintain the level of your savings.
Calling for all future college and university students; if you plan to get into college or university to start on your degree study or pursuing a higher level of studies, here are five strategies you may work on to pay for the institution later.
Through investment, you have a much greater potential for
growth than by leaving your money in a savings account.
KUALA LUMPUR, 28 May 2015: Perbadanan Insurans Deposit Malaysia (PIDM) has strengthened its safety net for bank depositors, insurance and takaful policy owners from Deposit Insurance System (DIS) as well as Takaful and Insurance Benefits Protection System (TIPS).
PETALING JAYA, 26 May 2015: The Islamic Financial Services Act (IFSA) 2013 allows greater flexibility for Islamic banks to structure products, including deposit and investment accounts, said the Association of Islamic Banking Institutions Malaysia's (AIBIM).
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