A Wasiat is a declaration of a person made during his life time with respect to his property or benefit thereof, to be carried out for the purposes of charity or for any other purposes permissible by Islamic Law, after his death. The assets of Muslims who die without Wasiats shall be divided rigidly amongst their heirs in accordance with the Faraid, i.e. the Islamic Law of Inheritance.
Heirs are specifically identified in Islam. A spouse, parents and legitimate children (provided they are Muslims) are never excluded from a deceased’s inheritance. Grand-children, for example, are not automatically regarded as heirs and would benefit only under certain circumstances. Those not regarded as heirs in Islam include, for example, adopted children, illegitimate children and foster parents.
It is, nevertheless, enjoined in Islam, for a Muslim to write a Wasiat and to make a bequest of one-third of his assets to his loved ones , be they Muslims or not, or to charity so long as it is made in accordance with the Syariah.
Bearing in mind what the Prophet S.A.W. said, as narrated by Abdullah bin Umar that
"It is not permissible for any Muslim who has something to Will to stay for two nights without having his Last Will and Testament written and kept ready with him"
For a free consultation on wasiat and asset distribution planning, you can email us at renbridge@gmail.com and one of our associates will get in touch with you.
Thursday, 15 May 2008
What is unit trust
Unit trust is an investment vehicle that pools the financial resources of many individual investors who aim to achieve similar investment objectives.
To take a quote from Peter Lynch in his book "One Up On The Wall", "The mutual fund is a wonderful invention for people who have neither the time nor the inclination to test their wits against the stock market, as well as for people with small amounts of money to invest who seek diversification."
However, having said that, it does not mean you take whatever offer that comes your way. It is equally important to work with a trusted adviser and understand the risk and rewards associated to investing in mutual funds.
To take a quote from Peter Lynch in his book "One Up On The Wall", "The mutual fund is a wonderful invention for people who have neither the time nor the inclination to test their wits against the stock market, as well as for people with small amounts of money to invest who seek diversification."
However, having said that, it does not mean you take whatever offer that comes your way. It is equally important to work with a trusted adviser and understand the risk and rewards associated to investing in mutual funds.
Sunday, 11 May 2008
Individual and Famillies
Investment products
Whether saving for your child’s education, planning a vacation, building up capital or managing your finances during retirement, we provide you with the right financial tools to create an investment portfolio that fits your needs.
Mutual funds
A significant component of most investment portfolios, mutual funds may fit into your financial portfolio. Mutual funds allow individuals to pool their savings in a diverse portfolio of investments managed by professional fund managers.
Investment linked policies
Investment linked policies are long-term investments that offer capital guarantees. By pooling money from thousands of investors, professional investment managers invest in a variety of individual securities. Since they’re only available through an insurance policy, investment linked policies have several features and benefits that make them different from mutual funds.
Insurance products
Along with helping you build and manage your investments, we help you choose insurance products to minimize financial risk to you and your family.
Individual life insurance
Having the right life insurance protection can make a huge difference in your life, and the lives of those close to you. A financial portfolio that includes life insurance can ensure you leave your estate financially secure, and avoid debts and an inadequate income for your family.
Disability insurance
Accidents and illnesses are unfortunate facts of life. Disability insurance coverage is designed to help protect your most valuable asset – your ability to earn an income, which can be jeopardized if tragedy strikes.
Critical illness insurance
A critical illness or condition, such as heart attack, cancer or stroke, can turn your life upside down. It can affect you physically, emotionally and financially. Insurance can protect both you and those close to you from the financial effects of a critical illness.
Hospitalization and surgical insurance
Health care cost have been rising every year. A good insurance cover to provide for hospitalization and surgical is no longer a luxury but a necessity. We play a role in assisting you to start a plan that supplements your current hospitalization plan.
Banking solutions
Many people don’t realize daily banking needs is forms part of their long-term financial portfolio. With the right banking products, you can have the potential to get your money working harder and smarter.
Banking products and services, provided by Maybank Group, include:
1. Bank accounts
2. Personal loans and overdraft facilities
3. Credit cards
4. Mortgage
5. ASB investment credit facility
Whether saving for your child’s education, planning a vacation, building up capital or managing your finances during retirement, we provide you with the right financial tools to create an investment portfolio that fits your needs.
Mutual funds
A significant component of most investment portfolios, mutual funds may fit into your financial portfolio. Mutual funds allow individuals to pool their savings in a diverse portfolio of investments managed by professional fund managers.
Investment linked policies
Investment linked policies are long-term investments that offer capital guarantees. By pooling money from thousands of investors, professional investment managers invest in a variety of individual securities. Since they’re only available through an insurance policy, investment linked policies have several features and benefits that make them different from mutual funds.
Insurance products
Along with helping you build and manage your investments, we help you choose insurance products to minimize financial risk to you and your family.
Individual life insurance
Having the right life insurance protection can make a huge difference in your life, and the lives of those close to you. A financial portfolio that includes life insurance can ensure you leave your estate financially secure, and avoid debts and an inadequate income for your family.
Disability insurance
Accidents and illnesses are unfortunate facts of life. Disability insurance coverage is designed to help protect your most valuable asset – your ability to earn an income, which can be jeopardized if tragedy strikes.
Critical illness insurance
A critical illness or condition, such as heart attack, cancer or stroke, can turn your life upside down. It can affect you physically, emotionally and financially. Insurance can protect both you and those close to you from the financial effects of a critical illness.
Hospitalization and surgical insurance
Health care cost have been rising every year. A good insurance cover to provide for hospitalization and surgical is no longer a luxury but a necessity. We play a role in assisting you to start a plan that supplements your current hospitalization plan.
Banking solutions
Many people don’t realize daily banking needs is forms part of their long-term financial portfolio. With the right banking products, you can have the potential to get your money working harder and smarter.
Banking products and services, provided by Maybank Group, include:
1. Bank accounts
2. Personal loans and overdraft facilities
3. Credit cards
4. Mortgage
5. ASB investment credit facility
Business Owners and Corporations
Protecting your business
You’ve worked hard to build your business, let us help you protect it. Whether starting a new venture or running a successful one, we assist in the areas of:
1. Life insurance
2. Disability insurance
3. Critical illness insurance
4. Directors & Officers Liability
Protecting your employees
Your business is unique, and so are your people. Whether you have 3 or 35 employees, we assist in providing comprehensive group benefits plans to help you protect and retain your valuable staff:
1. Employee benefits for small business
2. Health-care and Hospitalization benefits
3. Life and accidental death and dismemberment benefits
4. International medical assistance
Banking solutions
Providing the right banking products, integrated in your overall financial security plan, can provide the potential to get your money working harder and smarter.
Our financial representative will assist you to identify your long-term goals and new ways to save money, sharing with you powerful wealth and financial strategies to position you to achieve your financial security goals sooner.
Banking products and services, provided by Maybank Group, include:
1. Bank accounts
2. Business loans and lines of credit
3. Mortgage
4. ASB investment credit facility
5. Credit cards
You’ve worked hard to build your business, let us help you protect it. Whether starting a new venture or running a successful one, we assist in the areas of:
1. Life insurance
2. Disability insurance
3. Critical illness insurance
4. Directors & Officers Liability
Protecting your employees
Your business is unique, and so are your people. Whether you have 3 or 35 employees, we assist in providing comprehensive group benefits plans to help you protect and retain your valuable staff:
1. Employee benefits for small business
2. Health-care and Hospitalization benefits
3. Life and accidental death and dismemberment benefits
4. International medical assistance
Banking solutions
Providing the right banking products, integrated in your overall financial security plan, can provide the potential to get your money working harder and smarter.
Our financial representative will assist you to identify your long-term goals and new ways to save money, sharing with you powerful wealth and financial strategies to position you to achieve your financial security goals sooner.
Banking products and services, provided by Maybank Group, include:
1. Bank accounts
2. Business loans and lines of credit
3. Mortgage
4. ASB investment credit facility
5. Credit cards
Saturday, 10 May 2008
Corporate Profile
RenBridge Sdn Bhd. is an integrated financial services company and a provider of financial education and literacy programs.
We are proud to be working with individuals and corporations in the following areas:-
1. Assisting individuals in providing basic financial services in sourcing the best, most suitable financial products and services including insurance, takaful, investment, loan arrangements, setting up of wills and trusts.
2. Financial planning advisory to individual and companies in the areas of risk management, wealth accumulation and wealth protection and distribution.
3. Training and seminars on financial education. Promoting financial literacy towards better understanding thus better financial and wealth planning and management.
We can be contacted via email at renbridge@gmail.com
We are proud to be working with individuals and corporations in the following areas:-
1. Assisting individuals in providing basic financial services in sourcing the best, most suitable financial products and services including insurance, takaful, investment, loan arrangements, setting up of wills and trusts.
2. Financial planning advisory to individual and companies in the areas of risk management, wealth accumulation and wealth protection and distribution.
3. Training and seminars on financial education. Promoting financial literacy towards better understanding thus better financial and wealth planning and management.
We can be contacted via email at renbridge@gmail.com
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