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The buzz around Electric Vehicles (EVs) is growing louder each day in Malaysia. With the government pushing green initiatives and offering attractive incentives, many of us are pondering whether it's time to switch to EVs. In this article, let's explore the various aspects you must consider before jumping on the electric car bandwagon. Understanding the EV Landscape in Malaysia Urban Charging Stations In cities like Kuala Lumpur, Penang, and Johor Bahru, there's an exciting trend on the rise: we're seeing more and more public charging stations popping up. This is great news for anyone thinking of driving an electric vehicle (EV) around these cities. As of September 2023, Malaysia's got itself a cool 1,246 operational public charging stations – a fact proudly highlighted by Prime Minister Datuk Seri Anwar Ibrahim. And guess what? The plan is to amp this up even more. The aim is to hit a whopping 10,000 EV charging stations by 2025, which is a pretty ambitious goal set in line with the Low Carbon Mobility Blueprint (LCMB) 2021-2030. Sure, we're not quite at the 'every corner has a station' stage like with petrol stations, but hey, it's definitely a solid start towards a greener, more electric future in Malaysia. Highways & Inter-city Travel One of the big talk points for folks thinking about switching to an electric vehicle (EV) is this thing called 'range anxiety'. It's pretty much the worry about how far your EV can go before needing a recharge and the nail-biting question of whether you'll find a charging station in time. This is a real head-scratcher, especially if you're planning to hit the road for some long-distance adventures outside of EV-friendly spots. But hey, there's some good news on the horizon. The Malaysia Highway Authority is stepping up its game. They're talking about setting up charging stations all along the major highways. We're all waiting to see how quickly these plans turn into reality. Once that happens, it might just be the green light for more of us to seriously think about going electric with our rides. Home Charging Here's another thing for those of you mulling over an electric vehicle (EV): home charging setups. Yep, companies are rolling out these cool gadgets that let you juice up your ride right at home. Picture this – you plug in your EV at night and by morning, you're all set to go with a fully charged battery. How convenient is that? Now, I know what you're thinking: "Sounds great, but what's it gonna cost me?" Well, getting one of these home chargers might set you back around RM7,000. But hold on, there's some sweet relief from the government. They're offering income tax exemptions up to RM2,500 for folks who invest in these EV charging facilities at home. Not a bad deal, right? Government Initiatives: Boosting EV Adoption in Malaysia The government is really sweetening the deal to get more of us on the electric vehicle bandwagon. There would be a scheme providing rebates of up to RM2,500 to encourage the usage of electric motorcycles for individuals earning RM120,000 and below a year. Tax rebates for EV vehicle rentals extended for two more years. Extension of the Net Energy Metering (NEM) programme till Dec 31 next year to encourage more Malaysians to install solar panels in their residences – which could bring down your electricity bill if you’re charging your EV at home! Additionally, there's a significant investment in R&D to make Malaysia an EV hub, with companies like Geely and Tesla introducing new ideas and ways of doing business to the local automotive sector, such as high-tech Research and Development (R&D) in new products that might not be currently available in the country. The Financials: Evaluating the Cost of Owning an EV in Malaysia Initial Purchase Historically, electric vehicles (EVs) have been known to carry a heftier price tag compared to their gasoline-powered counterparts. However, with the strides in technology and growing demand, the cost landscape is changing, bringing EVs closer to a more competitive pricing range. A notable example of this shift is the Nissan Leaf, which now comes with a starting price of RM168,888. Definitely still out of reach especially for those in the B40 community, but it's a sign that we're moving in the right direction. As more models enter the market and production scales up, we can expect prices to become even more accessible. This trend could eventually make EVs a viable option for a wider range of income groups, not just the well-off. Maintenance and Repairs When it comes to maintenance and repairs, owning an EV comes with its own set of considerations. First off, let's talk tires. EV tires aren't your run-of-the-mill types; they're usually larger, spanning between 19 to 21 inches, and they're made of special materials to handle the unique demands of electric vehicles. This means they don't come cheap – for instance, replacing the tires on a Kia EV6 might cost you around RM10,000. That's quite a bit more than what you'd pay for regular car tires. On the flip side, the beauty of EVs lies in their simplicity of components. Unlike Internal Combustion Engine (ICE) vehicles, they don't need oil changes, spark plug replacements, or timing belt adjustments – all those maintenance rituals that can add up over time. So, while you might save a chunk of change and time on these routine upkeep tasks, you'll still need to be mindful of wear and tear on things like brake pads, tires, and the big one: the battery. Battery replacements can be costly, with some like the Nissan Leaf's replacement hovering around RM30,000. However, many manufacturers cushion this with extended warranties – the Leaf offers an 8-year warranty on its battery, offering some peace of mind and potential long-term savings. EV in Malaysia: To Buy or Not to Buy? Taking a step back and looking at the big picture, the future of electric vehicles (EVs) in Malaysia is shaping up to be pretty exciting. We're seeing more infrastructure pop up, government initiatives rolling out, and businesses getting on board. It's quite something to be part of this green shift happening right in front of our eyes. But let's get real for a second. Jumping onto the EV bandwagon isn't without its hurdles. The price tags, though they're getting friendlier, are still pretty steep for most of us. And let's not forget about maintenance – those battery replacements are no small expense, despite saving on the usual car upkeep. Sure, there are government perks, but when it comes down to it, not every Malaysian might find the switch economically viable just yet. I'm genuinely excited about EVs and the speed at which things are moving here. I've even toyed with the idea of getting one myself! But, if I'm being totally honest, I think it might be a bit early for the average Malaysian to go all-in with EVs. Until the prices drop a bit more and our charging infrastructure gets beefier, it could be smart to play the waiting game. Everyone's financial situation and priorities are different, right? If you're someone who's big on being an early adopter or you're super passionate about cutting down your carbon footprint and you've got the budget for it, diving into the EV world now could be just your thing. But for the rest of us, waiting a little longer might just be the more wallet-friendly and practical move. So, when it comes to making the switch to electric vehicles, it's a decision that needs some serious thought. Here are a few key questions to mull over: Are you passionate about reducing your carbon footprint? Can you handle the initial investment of buying EVs? Do you need to travel long distances frequently? Is there easy access to charging stations where you travel for work? Can you afford the time it takes to charge your EVs? If you're nodding along to most or all of these, then maybe you're ready to make that exciting leap to electric. But if you're not there yet, remember, that this field is always evolving. Charging networks are expanding, and charging times are getting shorter. Keep an eye on this space and stay open-minded, because the right time for you to go electric might just be around the corner. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

In a world where education increasingly transcends geographical boundaries, studying overseas has become a coveted ambition for many Malaysian students. It promises not only academic excellence but also an enriching cultural experience. However, the prospect of pursuing education abroad brings with it a significant financial consideration. For Malaysian families planning this educational journey, understanding the comprehensive costs involved is crucial. This article delves into the various expenses Malaysian students can expect when studying abroad—from tuition fees to living costs—and offers a detailed financial roadmap to help families navigate this transformative but financially demanding venture. #1 Tuition Fee Tuition fees vary greatly depending on the country and institution. According to the QS World University Rankings the average annual tuition fees for international students are approximately: United States: $25,000 - $50,000 (approx. RM104,250 - RM208,500) United Kingdom: £10,000 - £38,000 (approx. RM55,000 - RM209,000) Australia: AUD 20,000 - AUD 45,000 (approx. RM60,000 - RM135,000) #2 Accommodation Accommodation costs can range widely. On-campus housing is often more expensive but convenient. Off-campus options might be cheaper but could include additional transportation costs. For example, in Australia, on-campus accommodation can cost around AUD 110 - AUD 280 per week (approx. RM330 - RM840). However, off-campus options can cost roughly about AUD 95-215 per week (approx. RM285 - RM650). #3 Allowance Living expenses would include groceries, utilities, and personal spending. According to GoStudy, international students can manage living expenses at USD 500 - 700 (approx. RM2,382 - RM3,335). #4 Insurance Health insurance is often mandatory for international students. In the UK, for instance, the National Health Service (NHS) surcharge is around £470 per year (approx. RM2,585). Other types of insurance, like travel or personal property insurance, can also be considered. #5 Phone Plans Mobile plans vary, but international students can expect to pay around AUD 20 - AUD 50 per month in Australia (approx. RM60 - RM150). #6 Travelling Flights to and from Malaysia can be a significant cost, especially during peak periods. A round-trip flight from Kuala Lumpur to London might cost around RM3,000 - RM5,000. #7 Eating Out Eating out can be expensive, depending on the country. In the UK, for example, a meal at an inexpensive restaurant might cost around £15 (approx. RM83). #8 Transportation Public transport is generally efficient and affordable in many countries. In the UK, a monthly bus pass can cost around £55 (approx. RM303). #9 Other Expenses This category can include books, supplies, clothing, entertainment, and other personal expenses. It’s wise to budget an additional 10-15% of total expenses for these unforeseen costs. Total Cost Estimate Considering all these factors, the total annual cost for a Malaysian student studying abroad could range from RM250,000 to RM350,000 per year, depending on the country and lifestyle choices. Financial Planning Tips Start Early: Begin saving as soon as possible to spread the financial burden over several years. Education Loans and Scholarships: Explore education loans from financial institutions and scholarships offered by universities and external organizations. Investment Plans: Consider education savings or investment plans that offer good returns and are specifically designed for funding higher education. Budgeting: Teach your child about budgeting and financial responsibility to ensure they manage their allowance wisely. Exchange Rates: Keep an eye on currency exchange rates as fluctuations can significantly impact your budget. Navigating the Waters of Overseas Study Costs for Malaysian Families Figuring out the financial complexities of overseas education for Malaysian families is a venture filled with both excitement and financial challenges. From my perspective, the key lies in meticulous planning and understanding the diverse range of costs involved — from tuition fees to the nuances of daily living expenses abroad. Ultimately, while the idea of managing overseas study costs might seem daunting for Malaysian families, it's definitely within reach with the right approach. It's about striking a balance between ambition and practical financial planning, turning the dream of an international education into a feasible and rewarding reality. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

In the dynamic world of investments, the allure of daily returns is compelling. Think of Touch ‘n Go GO+ where your funds will accrue daily interest or StashAway Simple, which works the same way. Speaking of investments, Moomoo has recently made its debut in Malaysia, bringing with it an exciting opportunity for free money. If this is up your alley, dive into the details below to discover what MooMoo has in store for you - and it's a lot! The one thing in common for both of these products (Touch ‘n Go GO+ and StashAway Simple) is that their primary investment vehicle is Money Market Funds (MMFs). These funds invest in highly liquid, short-term instruments, such as treasury bills and commercial papers, offering investors a unique blend of low risk and high liquidity. What makes MMFs particularly appealing is their ability to provide returns on a daily basis, making them an excellent choice for investors seeking stability alongside immediate income. Now that you have a better understanding of the mechanism behind these sorts of investments, let’s delve into the top 3 investments with daily returns, that are highly liquid and low-risk in Malaysia. #1 Touch n’ Go GO+ What Is Touch n’ Go GO+? According to TNG, GO+ is a Touch ’n Go eWallet feature which allows the balance in your GO+ account to earn potential returns. The underlying fund for GO+ is Principal e-Cash – a Shariah-compliant Money Market Fund managed by Principal Asset Management Berhad that aims to provide investors with liquidity and income. However, do note that it is neither capital guaranteed nor capital protected by PIDM. Benefits of Touch n’ Go GO+ Easy and fast to open the GO+ account Seamlessly reload into your Touch ‘n Go eWallet balance via Quick Reload Payment Earn daily returns Make cash-out requests anytime you like Daily Return Rate of Touch n’ Go GO+ 3.45% p.a. Minimum & Maximum Deposit for Touch n’ Go GO+ Minimum Deposit: RM10 Maximum Deposit: RM9,500 Fees Involved in Touch n’ Go GO+ Zero sales, cash-in or cash-out charges. Management fee: Up to 0.45% per annum. Trustee Fee: Up to 0.03% per annum. The daily returns you receive are after all deductions of all fees and charges. How To Open A Touch n’ Go GO+ Account? Download the Touch n’ Go mobile application and open an account. Click on the Upgrade Now icon in Touch 'n Go eWallet. Complete account verification (Submit your ID and personal details) Update your personal details on Touch 'n Go eWallet. Receive verification that your upgrade is successful, and begin to Cash In to GO+. #2 Versa Save (Versa Cash/Versa Cash-i) What Is Versa Save? According to Versa, Versa Cash and Versa Cash-i (Syariah-compliant fund) are their low-risk savings funds. The funds are strategically allocated to provide competitive returns on par with Fixed Deposits, with the freedom to cash out anytime. Versa Cash invests in a specific Money Market Fund called AHAM Enhanced Deposit Fund which only invests in low-risk assets – short-term deposits in multiple Malaysian banks. Unlike Fixed Deposits which only offer basic interest, Versa Cash offers interest that is compounded daily. You can also withdraw anytime with all the interest earned and with no penalties! However, do note that the fund is not protected by PIDM but is regulated by the Securities Commission Malaysia. Benefits of Versa Save (Versa Cash/Versa Cash-i) No lock-in periods: Access your savings anytime with the flexibility to cash in and out without penalties. Low and transparent fees: Enjoy zero fees with no hidden charges. Competitive returns: Expect returns that are on par if not more than Fixed Deposits rates in the market. Daily Return Rate of Versa Save Versa Cash: 3.82% p.a. Versa Cash-i: 3.28% p.a. Currently, they are offering a net return rate promotion of up to 4.3% p.a. for both products under Versa Save. Minimum & Maximum Deposit for Versa Save (Versa Cash/Versa Cash-i) Minimum Deposit: RM10 Maximum Deposit: None Fees Involved in Versa Save (Versa Cash/Versa Cash-i) Zero sales and redemption fee. Management fee: 0.30% p.a. Trustee Fee: 0.05% p.a. How To Open A Versa Save (Versa Cash/Versa Cash-i) Account? Download the Versa mobile application. Take a quick Suitability Assessment Test to find out the type of investor you are. Verify your Versa Account through your mobile number and eKYC. Confirm personal details. Select “Versa Save” and choose either Versa Cash or Versa Cash-i. Make a deposit and start earning daily! #3 StashAway Simple What Is StashAway Simple? According to StashAway, StashAway Simple is an ultra-low-risk cash management portfolio. The underlying fund of StashAway Simple is the Eastspring Investments Islamic Income Fund. Unlike fixed deposit accounts that require a minimum lock-up period, you can withdraw from StashAway Simple at any time. In addition, your Simple portfolio is made up of ultra-low-risk assets but is not insured. Benefits of StashAway Simple No limit on the amount that can earn the projected rate No investment, insurance, or salary requirements Prepare for short-term liquidity needs Daily Return Rate of StashAway Simple 3.8% p.a. The StashAway Simple portfolio earns returns in three ways. Monthly Dividends: You’ll earn monthly dividends and they’ll be paid out each month. Capital Appreciation: The value of your funds in StashAway Simple will increase as the underlying fund appreciates in value. This updates daily from Tuesday to Saturday, excluding public holidays in Malaysia. Quarterly Rebates: StashAway receive rebates from the underlying fund manager and returns 100% of them back to you. The rebates make up approximately 0.175% of the projected return. You’ll see them credited into your portfolio after the end of each quarter. Minimum & Maximum Deposit for StashAway Simple Minimum Deposit: RM1 Maximum Deposit: None Fees Involved in StashAway Simple Annual Fee: Free Underlying fund manager net fee: 0.115% (embedded in the projected rate) How To Open A StashAway Simple Account? Download the StashAway mobile application. Create an account and verify your identification. Open a “StashAway Simple” portfolio and start earning! Should You Invest Your Money in Money Market Funds Versus Other Investments? Deciding whether to invest or save your money in Money Market Funds (MMFs) in comparison to other investment vehicles can be a bit like choosing your favourite ice cream flavour – each has its own appeal and it really depends on your taste or, in this case, your financial goals and risk appetite. Let's compare Money Market Funds with two other popular options: Fixed Deposits and Stock Market Investing. Money Market Funds like Touch ‘n Go GO+, Versa Save, and StashAway Simple are like the vanilla flavour of investments – they're straightforward and reliable. They give you daily returns, which is like getting a small scoop of ice cream every day. They are highly liquid, meaning you can withdraw your money easily, and they're low-risk. However, the returns are usually lower than what you might get from riskier investments. Fixed Deposits, on the other hand, are more like a chocolate flavour – a classic choice. They offer stability and a guaranteed return, but your money is locked away for a set period. You won’t have the daily returns like with MMFs, but often the overall return can be quite competitive. However, if you need your money back before the term ends, you might face penalties. Stock Market Investing is like a rocky road – it can be thrilling but bumpy. The potential returns can be much higher, but so is the risk. Your investment can grow significantly, but it can also drop just as quickly. Unlike MMFs, the stock market doesn’t offer the same level of liquidity or stability. So, should you invest in Money Market Funds? If you value stability, need regular access to your funds, and prefer a lower-risk option, then yes, MMFs could be a great fit for you. They offer the peace of mind that comes with knowing you're earning a little bit every day, and you can pull out your money whenever you need it. However, if you're looking for higher returns and are comfortable with more risk, or if you don't need immediate access to your cash, exploring fixed deposits or stock market investments could be more up your alley. In the end, it's all about what works best for you. Whether it's the daily rewards of MMFs, the stability of fixed deposits, or the exciting potential of the stock market, there's an investment flavour out there for everyone. Don't forget the cherry on top! Moomoo's launch in Malaysia introduces an exciting and much anticipated opportunity for Malaysian investors looking to diversify their portfolios. If you haven't heard of Moomoo, it's a platform that lets users buy and sell stocks, options, ETFs, and other financial products from around the world. With Moomoo coming to Malaysia, it offers many tools that are easy to use for both beginners and experienced investors. But the important part here is you can't have a big launch without big rewards, right? So, here's the deal: Sign Up & Deposit: By simply signing up and depositing RM 500, you're rewarded with an RM 100 cash voucher. Go Big or Go Home: But if you deposit RM 8,000 not only do you secure another RM 100 cash voucher but also a FREE APPLE share worth RM 900. Time Frame: This offer is only available from 26th February 2024 to 31st March 2024, giving you enough time to get into the investing scene. Additional Perks for Opening an Account with Moomoo: 1. Enjoy a 180-day $0 commission fee period for trading on both the US and Bursa stock markets, essentially lowering the barrier to international and local market entries for you. 2. Gain access to premium market data with 60 depth levels for US stocks and 5 depth levels for Bursa Malaysia stocks. Talk about empowering you with in-depth market insights! To get started and unlock these rewards, simply use this exclusive link: tinyurl.com/flmm24 Wait are you waiting for? Download the Moomoo app from the App Store or Google Play now and start exploring your investment options today! Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

The Employee Provident Fund (EPF) or Kumpulan Wang Simpanan Pekerja (KWSP) is Malaysia's primary retirement savings platform for salaried individuals. However, what about those who are self-employed or working on a freelance basis? Are they left out of this critical financial safety net? The answer is no, thanks to the introduction of i-Saraan, an initiative by EPF to cater to the self-employed and those without fixed incomes. This article delves into the i-Saraan program and how self-employed individuals or freelancers can benefit from it. What is EPF i-Saraan? According to EPF, ​​i-Saraan is a voluntary contribution initiative that offers an opportunity for self-employed members without fixed incomes and employees of the gig economy to obtain exclusive government incentives for retirement purposes, subject to the established requirements. When you register for an i-Saraan account, it is pretty much the same as having a regular EPF account. You will have both Account 1 and Account 2 as well as receive the same dividends as members who are salaried employees. And just like a regular EPF account, you will not be able to withdraw the funds once you’ve deposited them into your account. What are the benefits of i-Saraan? Annual Dividend Enjoy annual dividends on top of your retirement savings. For the past 10 years, the average dividend rates have been 6.035% for the conventional account and 5.43% for the Syariah account. Special Incentive Following government terms and conditions, the government will give an additional 15% incentive of the total contribution capped at RM300 in the current year. According to EPF, the Special Incentive Payment will be credited into Account 1 of the Member two times namely: a) For the period of January to June contribution, the incentive payment will be credited into the Member's Account after July; b) For the contribution period of July to December, the incentive payment will be credited into the Member's Account after January of the following year. Tax Exemption Subject to Inland Revenue Board (IRB) terms and conditions. Death Benefit Subject to EPF terms and conditions. What’s the difference between i-Saraan and Self-Contribution? Both are essentially the same whereby it’s a form of voluntary contribution to EPF. However, the difference is that i-Saraan is catered specifically for those who are self-employed or freelancers whereas Self Contribution allows members who are salaried employees to contribute additional funds into their EPF account. Who is eligible for EPF i-Saraan? Farmers/Fishermen/Taxi Drivers Small Business Owners/Hawkers/Night Market Traders Babysitters Commission-receiving agents (e.g. insurance agents, real estate agents) Freelancers (e.g. those who receive payment for services including deejays, singers, actors, fitness instructors, and consultants) Business Owners (sole proprietors/partners) involved in the trading of goods and services Online Business Owners Professionals with their own practice (e.g. accountants, doctors, lawyers) Housewives Pensionable Employees How to contribute to EPF i-Saraan as a freelancer or self-employed individual? Requirements For EPF i-Saraan ​​Malaysian Citizen Below 60 years of age Registered EPF Member Self-employed individuals​​ (who derive income from their own work and are not an employee) Opted to contribute under i-Saraan Payment Limit For EPF i-Saraan Minimum: No limit (subject to payment channel). Maximum: RM100,000 per year. How To Register For EPF i-Saraan? 1. EPF Website Registration: i-Saraan Online Registration 2. EPF Counter or Self-Service Counter: Visit your nearest EPF office. Fill in the Borang Permohonan Caruman Sukarela i-Saraan [KWSP 16G (M)]. Bring your MyKad. 3. Mobile App Download the KWSP i-Akaun app. Register as an EPF member. Register for i-Saraan through the app. How To Deposit Funds Into EPF i-Saraan? KWSP i-Akaun mobile app Internet banking BSN (registered bank agent) via electronic payment or cash Bank agent counters (BSN, Maybank, Public Bank, RHB Bank) EPF Counters Mobile Team/Mini Outreach Team FAQ About EPF i-Saraan 1. Can I request a refund of my i-Saraan Contribution? You can't do that at all. Each and every amount of i-Saraan Contribution paid into EPF is valid and final. As a result, members are obligated to check that the payment details are accurate before completing the transaction. 2. Is it allowed for me to contribute more than the maximum amount? No, you can't do it. Contributions that exceed the maximum limit will be refunded to members. 3. What happens if I make an i-Saraan Contribution payment after the age of 55? All contributions received after the member reaches the age of 55 are deposited into Akaun Emas and can only be withdrawn after the member reaches the age of 60. Why is it important for you to start saving for your retirement? For freelancers and self-employed individuals, the journey to financial stability can often be challenging, with income streams that might fluctuate and lack the conventional safety nets provided to salaried employees. Saving for retirement is paramount, ensuring you can maintain a comfortable lifestyle even when regular income ceases. The introduction of EPF's i-Saraan offers a beacon of hope. Not only does it provide a structured way to save, but it also offers a slew of benefits all aimed at magnifying your retirement savings. Initiatives like these underscore the importance of starting early and leveraging available resources to secure a financially stable future, regardless of your employment status. In a world where the gig economy and freelance work are becoming increasingly prevalent, tools like i-Saraan are not just helpful; they're essential. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

In the recent tabling of Budget 2024, Prime Minister Datuk Seri Anwar Ibrahim announced several initiatives not just for individuals but also for business owners, specifically micro, small, and medium enterprises (MSMEs). Some of those initiatives include grants, loans, business financing as well as capital. So, here are the key highlights and initiatives you can keep an eye on for your business! MyStartup Platform The government is to allocate RM28 million to develop the MYStartup platform for start-up companies. According to their website, the MYStartup platform, initiated by MOSTI and developed by Cradle Fund Sdn Bhd, is a national project designed to foster interaction among Malaysia's startup ecosystem. It acts as a comprehensive directory for Malaysian startups, investors, and other key stakeholders, offering information on ecosystem programs, talent acquisition, and community-curated content. During his speech, DSAI said that the funds will encourage startups, including Bumiputera Small and Medium Enterprise (SME) entrepreneurs to venture into high-growth, high-value sectors such as the digital economy, space technology and Electronics and Electrical (E&E). GLC & GLIC Funding Next year, business owners can also expect funding of up to RM1.5 billion from government-linked companies and government-linked investment companies (GLCs and GLICs) to encourage startups, including small and medium enterprises (SMEs) entrepreneurs, to venture into high-growth, high-value (HGHV) fields. Business Loan Facilities Financial facilities amounting to RM2.4 billion are to be made available to micro, small and medium enterprises (MSMEs) via Bank Negara Malaysia (BNM), Bank Simpanan Nasional (BSN) and National Entrepreneurial Group Economic Fund (Tekun). According to RinggitPlus, the breakdown of these business loan facilities is as follows: RM1.4 billion under BSN micro-loan: For business capital, equipment purchases, premises, and marketing initiatives for hawkers and small entrepreneurs RM330 million via TEKUN: For financing facilities to small traders, such as batik and craft operators, orang asli entrepreneurs, and Bumiputera of Sabah and Sarawak. RM30 million will be earmarked specifically for businesses run by the Indian community. RM720 million was allocated specifically for women and youth entrepreneurs. AIM Small Business Capital The government will provide microlender Amanah Ikhtiar Malaysia (AIM) with a funding allocation of RM10 million to help run programmes for its ‘Sahabat Usahawan’, or micro-entrepreneurs registered with the national micro-credit organisations. Previously, AIM has assisted almost one million small businesses by providing them with capital, helping especially single mothers and low-income individuals. Digitalisation Grants The government also announced RM100 million in digitalisation grants — RM5,000 to 20,000 MSMEs — to fund upgrades of sales, inventory and digital accounting systems. DSAI continued by saying that, under BNM, RM900 million in loan funds will be made available to SMEs for automation and digitalisation to encourage SME companies to increase business productivity through automation and digitisation. My Thoughts on DSAI’s Budget 2024 Initiatives for Businesses Budget 2024 showcases Prime Minister Datuk Seri Anwar Ibrahim's dedication to bolstering businesses, particularly MSMEs and micro-entrepreneurs, in Malaysia. With significant funds allocated to diverse programs like the MYStartup platform and digitalisation efforts, the government is paving the way for businesses to explore high-growth sectors and digital advancements. Specific allocations for marginalized groups ensure inclusive growth. For business owners, capitalizing on these government-backed opportunities is crucial. Doing so promises growth, modernization, and the chance to be at the forefront of Malaysia's economic transformation. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

SST is increasing to 8%, new taxes are being introduced, and subsidies are getting cut. What is our prime minister trying to do? Before we answer this question, we first need to understand the state of our nation, specifically, our debts and revenue sources. How much is Malaysia’s debt? According to FMT, for years now, our country has been spending more than it makes, and the rate of increase in the deficit has been described as “alarming”. Currently, our fiscal deficit (shortfall in revenues as compared to expenditures) stands at 5.6% of GDP. This means that the difference between what the government spends and what it earns is equivalent to 5.6% of the entire country's economic output for that year. In other words, for every RM100 our country produces in goods and services (GDP), we are spending RM5.60 more than we are taking in as income or revenue. At the same time, as of August 2023, our total federal government debt stood at RM1.147 trillion or 62% of GDP. Put simply, our government's debt is equivalent to 62% of our country's annual economic output. If we don’t try to bring our debt-to-GDP ratio as well as fiscal deficit down, we could be facing an economic crisis which will be difficult to come back from. At the moment, Malaysia’s statutory debt limit is 65% and the threshold set by the IMF and the World Bank under the DSA Framework is 70%. We’re almost hitting that ceiling and something needs to be done about that. How does Malaysia pay its debts? You know how when we take out a loan and we have to do our monthly repayments to service our debt? Well, for a country, it works the same but it’s called debt service charges. According to Datuk Seri Anwar Ibrahim, “(our country’s) debt service charges for 2023 amount to RM45 billion, representing 15% of the national revenue, and this is also the maximum that the country can handle.” In the Revised Budget 2023, Malaysia is expected to have a revenue collection of RM291.5 billion. Now you might be asking, what money does our government use to service our country’s debt? Through our revenue, of course! This is why time and time again, we hear people talking about the importance and urgency of increasing our country’s revenue. Where does Malaysia’s revenue come from? There are three types of revenue that our country relies on – Direct Tax, Indirect Tax and Non-Tax revenue. Direct Tax revenue comes from the tax you pay directly to the government based on your income or company profits. Examples of this include Individual Income Tax, Corporate and Business Income Tax, Real Property Gain Tax, Petroleum Income Tax and Stamp Duty. Meanwhile, Indirect Tax revenue is money the government collects from taxes added to the prices of goods and services. So, instead of being paid directly by individuals based on income, these taxes are usually paid by businesses, but the cost is passed on to consumers in the form of higher prices. For instance, Sales and Service Tax (SST), Export Duty and Import Duty. Finally, Non-Tax revenue refers to the money the government collects that isn't from taxes. Instead, it comes from sources like fees for services, licenses, fines, or profits from state-owned enterprises. So, what does all this have to do with DSAI introducing more taxes and cutting subsidies in Budget 2024? When Datuk Seri Anwar Ibrahim tabled his Budget 2024, his main focus was to bolster our country’s revenue and tax management as part of economic reforms and to tighten its finances. This was to reduce our fiscal deficit in hopes of boosting investor confidence and spurring economic growth. Having that goal in mind, the current government worked tirelessly to introduce fiscal policies, cut spending, increase the tax base and overall tighten our country’s economic belt. Ultimately, it all boiled down to the tabling of Budget 2024. And as we are all already aware, there were some announcements that took the rakyat by surprise. Some of those “surprises” include: Service tax (from SSR) increased from 6% to 8%. Introduction of Capital Gains Tax for the disposal of unlisted shares by local companies at a rate of 10% from 1 March 2024. Introduction of Luxury Goods Tax at a rate of 5% to 10%. The total allocation for subsidies was reduced from RM81 billion (in 2023) to RM52.8 billion (for 2024). The price ceiling for chicken and eggs is to be lifted. In the case of introducing and increasing taxes, the whole goal of it is to increase our country’s tax base. By doing this, the government would be able to raise more revenue which can go towards reducing our debt and fiscal deficit as well as be channelled towards growing our economy. Currently, the tax collected by our government is one of the lowest in ASEAN at 11.8% of GDP compared to Singapore (12.6%) and Thailand (16.4%). Meanwhile, in the case of subsidy cuts, it is to ensure that aid reaches the intended communities and to limit leakages, particularly at this time of rising prices. How should Malaysians feel about this? I get it, new taxes suck – especially the increase in SST because there could be far-reaching implications like an overall price increase. Just like how Syed Saddiq put it, while the SST increase excludes the food and beverage sector, restaurant owners will be affected by purchases of equipment needed to run their businesses. (And) when the restaurant owners’ costs increase, they will transfer these costs to the consumers — that’s all of us here. The Muar MP said this will contribute to a spike in the rakyat’s cost-of-living expenses. However, that can’t be said for certain as the increase has yet to be implemented so we’ll only know the consequences of it next year. Now, with the cutting of subsidies, we’ve all been reliant on them for a long time. So, now with DSAI planning to cut back on them, I get that it’s a bit more difficult for us Malaysians to accept it. After all, who would be fine if they’re expected to pay more? But at the same time, if we take a look at how our prime minister is planning to implement targeted subsidies and in a way, “cut off the rich”, then I guess it would be “fair game”. What do you think of the new taxes and subsidy cuts in Budget 2024? Reach out to us and let us know your thoughts! Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

One of the first financial tools most of us will get once we start working is a credit card. And these days we are spoilt for choice with countless credit cards offering numerous benefits and rewards. Among the most popular are cashback credit cards. These cards return a portion of what you spend, directly reducing your monthly bill. So, here are the top 5 cashback credit cards in Malaysia with a monthly minimum income as low as RM2,000! P.S. I've also left a little review and pro-tip for each credit card so you'll know exactly what you'll be getting! #1 Standard Chartered Simply Cash Credit Card Features e-Commerce Purchase Protection up to USD200 Fees and Charges Eligibility Minimum Income: RM36,000/year or RM3,000/month Special Offer Get the all-new Samsung Galaxy Z Flip 5 512 GB worth RM4,999 or RM5,000 Touch N Go eWallet Credit. All you have to do is apply for a Standard Chartered Credit Card via CompareHero today. My Review I think this card is great for big spenders. With up to RM60 cashback every month, it's one of the highest among this entire list. And not to mention, you can also bypass paying the annual fee when you spend a minimum of RM12,000 a year; so, one big purchase and your annual fee is waived (unlike other cards which may require you to spend every month to have the fees waived). On that note, just because you get cashback doesn’t mean you should spend excessively. It's a common misconception that more spending means more rewards. But remember, the cashback is only a fraction of what you spend. So, stick to your budget and spend within your means. The goal is to earn cashback on necessary and planned expenses, not to spend just for the sake of earning rewards. #2 RHB Cash Back Visa Credit Card Features Fees and Charges Eligibility Minimum Income: RM24,000/year or RM2,000/month Special Offer Win a brand new Nintendo Switch OLED or RM1,000 Cash via DuitNow when you apply, activate, and spend using your RHB credit card via CompareHero today. My Review To me, this card is quite an all-rounder because regardless of how much you spend and what you spend on, you will still get a percentage of cashback. So, by the end of the month, you can expect to get up to RM10 "deducted" from your overall bill. But of course, the more you spend, the higher the cashback lah. Here's a pro-tip: To truly benefit from cashback, avoid carrying a balance on your card. This is because interest charges can quickly negate any cashback earned as it keeps compounding with each month your bills go unpaid. One way you can stay on top of your bills is by setting up automatic payments or reminders to ensure you always pay your bills on time to avoid late fees and interest. #3 UOB One Card Features Fees and Charges Eligibility Minimum Income: RM24,000/year or RM2,000/month Special Offer Get a guaranteed gift of RM300 Touch n' Go eWallet or cash via DuitNow when you apply, activate and spend using your UOB Credit Credit Card via CompareHero today. My Review Pretty similar to the RHB Cash Back Visa Credit Card, this UOB card is quite versatile as well. I also heard that it's relatively easy to have your application approved therefore, in a way, this card is "easily accessible". The only downside would be the annual fee. Unlike most credit cards, this card doesn't waive the first year's annual fee and there are no fee waivers for subsequent years. So, just be ready to fork out RM120 every year lah. In conjunction with World Financial Planning Month this October, here's a tip to ensure you're getting the most out of your credit card: Make sure you regularly review and update your card. This is because there are constantly new offers and promotions emerging so you’ll want to review your card's benefits at least once a year to ensure you still have the best card for your spending habits. #4 AEON BiG Visa Gold Card Features Complimentary access to Plaza Premium Lounge (3X per year) Up to RM200,000 Travel Insurance coverage Rewards Fees and Charges Eligibility Minimum Income: RM36,000/year or RM3,000/month Special Offer Don’t miss your guaranteed RM300 Touch 'n Go eWallet credit or RM300 Lazada eVoucher when you apply for an AEON Credit Card via CompareHero today. My Review This card is as good as it comes. Not only is the minimum income relatively low but the cashback and additional rewards are quite impressive too! Issued by the household-named grocery store, AEON, this card offers competitive rewards if you frequently shop there. Not to mention, you can easily get your annual fee waived as it only takes 12 swipes annually (which I’m sure can be achieved if you go grocery shopping at least once a month). One advice I have for those who have two or more credit cards is to optimize your spending habits according to categories. In other words, use the card that offers the highest cashback in a specific category. For example, the AEON BiG Visa Gold Card would be a great card for grocery shopping and petrol transactions; whereas the Standard Chartered Simply Cash Credit Card is great for dining out. So, if you were to get both, I would suggest you use them for those respective categories to get the most out of your cashback credit cards. #5 Alliance Bank Visa Signature Credit Card Features Complimentary RM80 e-hailing to Airport (2X per year) Fees and Charges Eligibility Minimum Income: RM48,000/year or RM4,000/month Special Offer Win an Apple iPad Pro 11-inch Wi-Fi 128GB or RM300 Touch 'n Go eWallet Credit when you apply, activate, and spend using your Alliance Bank credit card via CompareHero today. My Review The minimum income required for this card is the highest among the rest on this list but the highlight of it is that the cashback rewarded is UNCAPPED! Just by spending as little as RM1 on most transactions, you can already start getting cashback on your overall bill. But of course, you’ll want to understand the terms and conditions that come with the card. So, whether you’re getting this card or any of the credit cards above, you should do your research and determine if the card you’re getting suits your needs and lifestyle. Already have a credit card but it’s not a cashback card? Don't worry! You can also take advantage of it by following this comprehensive guide. Which Cashback Credit Card Is The Best For You in Malaysia? At the end of the day, it all comes down to your spending habits, lifestyle and personal needs. Maybe an extra incentive when choosing the right card for you is to look out for other benefits like loyalty points, travel benefits, or complimentary insurance. Personally, I prefer using a cashback credit card in Malaysia because I can reap the benefits “instantly” when my bill is due. In comparison to a rewards credit card, I’ll just be accumulating points and never redeeming them (because I don’t have time to keep up with the rewards being offered). If you’re still unsure about credit cards, here are some common FAQs that may help you along this journey. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Malaysia, with its strategic location in Southeast Asia and rapidly growing economy, has long been a hotspot for property investments. Among its many regions, the Klang Valley stands out as the crown jewel, becoming the go-to location for both domestic and international property investors. So, here are the top 5 properties with the highest capital appreciation and rental yield that you can invest in this year. Top 5 Property Investments in Klang Valley #1 The Estate, Bangsar South Sources: EdgeProp, Land.plus, iProperty #2 Novum @ Bangsar South Sources: EdgeProp, Land.plus, iProperty #3 South Brooks @ Desa ParkCity Sources: iProperty, EdgeProp #4 The Park Sky Residences, Bukit Jalil Sourcers: iProperty, EdgeProp #5 Sri Desa, Kuchai Lama Sources: iProperty (1) (2) My Criteria For Property Investments There you have it, these are my top 5 picks of some property investments within the Klang Valley you can consider for your own portfolio. To me, my decision to invest in a property depends on its capital appreciation, rental yield, and overall property appeal. In terms of capital appreciation and rental yield, for most of the five properties, the capital growth rate is well beyond the average of 6% - 8% and they also provide a good rental yield of up to 8% when the average rental yield these days is only around 4% - 5%. On the other hand, when it comes to the overall property appeal, there are a few common features that these five properties share. 1. Transport-Oriented Development (TOD) When I take a look at these 5 properties, it achieves my topmost criteria – the property's location relative to Transport-Oriented Developments (TOD). All five properties are located relatively near to some form of public transportation. And when properties are close to public transportation, especially LRT and MRT stations, it is able to command higher demand. Think about it - who wouldn't love to have a train station right around the corner? It's super convenient, especially when you don't want to get stuck in horrendous traffic jams or simply don’t have a car to drive. 2. Highway Connectivity Another non-negotiable for me is how well-connected a property is to major highways. The good thing about these five properties is that they have easy access to highways like the Federal Highway, LDP, and NKVE. To me, this means future buyers or renters will have reduced commute times and hassle-free connectivity to other parts of Klang Valley and beyond. If that’s not a good selling point then I don’t know what is! I truly believe that properties with good highway connectivity tend to have a competitive edge in the rental market and also show promising capital appreciation over time. 3. Matured Commercial Area More often than not, a mature commercial environment encompassing malls, offices, and other amenities like educational institutions and hospitals, increases the attractiveness of a property. This is why, the top 5 properties I’ve chosen are in areas that are located in bustling business and/or entertainment hubs. In my opinion, it's not just about convenience; it's also about the vibrant urban life and the multitude of employment opportunities these hubs bring with them to the properties nearby. So, investing in such areas assures me of a steady rental demand and over time, a great deal of capital appreciation. 4. Fantastic Place Making Property investment trends these days are not just about brick and mortar; they're about experiences. That is why I'm always on the lookout for modern properties that champion 'place-making' or in other words, engaging community spaces for its residences. Properties like The Estate and The Park Sky Residences are developments where residents can find pockets of relaxation, communal spaces for interactions, and even recreational facilities within their premises. So, I always give bonus points to properties with neat communal areas, gardens, or even a fun play zone. It's these little touches that make a place feel like home and attract people to rent or buy. Not to mention, with so many facilities, rental rates can be increased which further ensures better yields. 5. Big Property Size While compact homes have their market, I've found a consistent demand for properties that are spacious, especially those exceeding 1,500 square feet which is why a good majority of the properties on this list are on the more generous side when it comes to space offering. From my point of view as a property investor, I’ve noticed that families, in particular, prioritize roomier homes for maximum comfort. Moreover, spacious units provide flexibility in terms of interior design and layout adjustments, allowing tenants or homeowners to customize their spaces according to their preferences, a factor that many appreciate. So, in my opinion, an investment in sizable, “bigger” properties almost always guarantees a better return within the Klang Valley. I hope these pointers helped you make certain decisions the next time you’re considering buying a property for investment purposes. Oh! One more thing, recently, I also came across a new development that fits into my criteria for property investment and that is Bon Kiara in Solaris, Mont Kiara. The property itself is located in a prominently mature area where there are malls like 163 Retail Park, 1 Mont Kiara and various offices as well as businesses. If you’ve been to the area a lot, you’ll also notice that it’s a high-demand location among expatriates who live in the nearby condominiums. Personally, I own a property in Mont Kiara so I can safely say that you’re able to demand a higher rental price because most of the people there are able to afford it, especially if the property looks as luxurious as the upcoming Bon Kiara. Other aspects like highway connectivity and place-making are also quite impressive as the Solaris or Mont Kiara as a whole is well-connected, easily accessible and pedestrian-friendly. BTW, we’re hosting a fan meet-up! Join Peter Yong (Mr Money TV), Frankie Lim (The FAQ Show) and Sean Tan (iherng) this 28th of October, 2pm - 4pm at the Bon Estates Sales Gallery, Bangsar. We will be talking about the world of property investments; from investment strategies to budgeting techniques. We’re so excited to share our insights with each and every one of you! For more details and to register, check out this link. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Malaysia, with its booming cities like Kuala Lumpur, Penang, and Johor Bahru, offers a myriad of opportunities for property investors. And if managed well, rental property investments can indeed become a reliable source of passive income. So, here are seven tips tailored for you to ensure your property rental venture is successful. Location is Key in Rental Property In Malaysia, certain areas are always in higher demand. Places close to LRT and MRT stations, popular shopping districts like Bukit Bintang, and educational institutions such as the University of Malaya are examples. What you’ll want to look out for is the potential tenant base: students, working professionals, or families. For instance, properties in Cyberjaya are sought-after by tech professionals and students attending nearby universities. Whereas properties in Bangsar, attract both expatriates and locals due to its cafes, international schools, and connectivity. Understand the Local By-laws and Regulations Each state in Malaysia might have variations in their property laws. For example, Penang has regulations on property ownership for non-Penangites. It’s essential to understand local regulations, especially regarding rent control, tenants' rights, and maintenance responsibilities. Another example of this would be that in certain regions, the local councils might have specific requirements for homestays or short-term rentals (think Airbnb). Overlooking such regulations can lead to fines or even eviction of tenants. Setting the Right Rental Price Check comparable properties in platforms like PropertyGuru or Mudah.my. This is because, overpricing can lead to extended vacancies, but underpricing means you're leaving money on the table. Also, consider if the rent includes utilities, furniture, or maintenance fees. A formula you can follow to determine the right rental price is: Annual Rent = (Monthly Rent x 12) - (Vacancy Rate x Monthly Rent x 12) So, if you rent out a property for RM2000/month with a 10% annual vacancy rate, your net annual rent would be RM21,600. Draft a Comprehensive Lease Agreement This is crucial. Work with a lawyer familiar with Malaysian rental laws to draft a lease that covers everything from the rental amount, duration, maintenance responsibilities, to terms of lease termination. It’s also standard practice in Malaysia to ask for two months' rent as a deposit plus an additional half month’s rent as a utility deposit. Ensure Proper Maintenance A well-maintained property not only fetches a higher rent but also attracts responsible tenants. Given Malaysia's humid tropical climate, regular checks for mould, timely paint jobs, and ensuring functional air-conditioning units are essential. Vet Potential Tenants Just like you'd vet a potential employee, screening your tenants can save a lot of future hassle. Ask for references, preferably from previous landlords. Some landlords in areas like Desa Park City even have informal groups to share feedback on tenants. Consider Hiring a Property Management Company Especially if you own multiple properties or if you’re based overseas, companies like IQI Global or Bumbung can handle tenant-related issues, and maintenance, and even help in sourcing potential renters. So, for example, let’s say you own a property in Johor but live in KL. A pipe leakage issue could take days for you to address personally, leading to disgruntled tenants. A property management firm in Johor could handle it within hours. Conclusion Renting out property in Malaysia as a source of passive income is a lucrative venture. However, like any investment, it requires due diligence, market understanding, and regular oversight. With these seven tips in mind, you're on a solid path to making the most out of your Malaysian property investment. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

In today’s digital era where social media platforms are integral to everyday life, a new breed of celebrities has emerged: Social Media Influencers. We’ve seen their Instagram feed – from globe-trotting travelling vlogs to owning an impressive collection of luxurious goods. The question in all our minds is: How do they earn this money? And how much are they actually making? Well, that’s what we’re going to talk about in this article. The 10 Ways Influencers Make Money Let’s start with how influencers monetize their Instagram posts, reels and generally, their content. Sponsored Content One of the primary sources of income for influencers is sponsored content. Brands pay influencers to create and share content featuring their products or services. Typically, you’ll see an influencer holding up whatever new product that’s up for grabs and the caption is raving about it with a call to action to buy the product. Influencers will usually get paid ranging from a few hundred to several thousand, depending on their reach, engagement rate, and niche, or in other words, the number of followers, likes, comments and shares they get. It’s a very numbers game. Affiliate Marketing Besides that, influencers can earn a commission for every sale made through a link they share. This is called affiliate marketing. Usually, you’ll see this as a link on their Instagram story with maybe a promo code for the product or service. So, if you click on that link, use their promo code and actually buy the product, that influencer will earn a percentage of the sales generated through that link. Brand Ambassadorships Some influencers land long-term deals with brands, becoming brand ambassadors. Think of Maggy Wang who’s an ambassador for Adidas. Brands like Samsung also tend to have influencers as their ambassadors. This partnership involves a commitment to promote the brand regularly over a specified period, and in return, influencers receive a steady income, free products, or other perks. Ad Revenue You know those annoying ads that we always skip on YouTube? That’s ad revenue that platforms like YouTube and Facebook share with their content creators. So, influencers (like us) who create engaging content can earn a substantial amount from the advertisements displayed on their videos, depending on the number of views and the CPM (Cost Per Mille) rate. Like in the case of MrBeast, according to analysts, he makes $3 million a month in YouTube ad revenue alone. Selling Products or Services Many influencers leverage their online presence to sell their products or services. From merchandise and e-books to online courses and consulting services, influencers are capitalizing on their expertise and personal brand to generate additional income, most of the time, starting their own business. Just look at Khairul Amin who started selling his sambal and now it has become a whole business of its own! He started by teaching cooking recipes online and garnered a following from that, then he came up with a product and used his online presence to promote and sell it. Crowdfunding and Donations Platforms like Patreon allow fans to support their favourite influencers through monthly subscriptions or one-time donations. In return, supporters often receive exclusive content, early access to new material, or personalized interactions with the influencer. Besides Patreon, a more commonly known (and controversial) platform some influencers get income from is OnlyFans. Hosting Events and Workshops Leveraging their authority in a specific niche, influencers often host events, workshops, or webinars. Attendees are usually charged a fee, contributing to the influencer’s earnings. Influencers can also take up hosting jobs where they become the emcee for a particular event. Usually, an agency will engage in these influencers and these influencers can then charge them based on their set rates. A plus point to these events is that they also offer networking opportunities and increase the influencer’s visibility and credibility. Licensing and Syndication Some influencers license their content for reuse or syndication. Media outlets, other content creators, or brands may pay to use an influencer’s content, whether it be images, videos, or written material. Generally, the amount charged is minimal, but again it depends on how long the brand wants to use it for. Speaking Engagements Recognized influencers are often invited to speak at conferences, workshops, or educational institutions. For us personally, we get invited to a few events to speak and this usually comes with some Instagram story postings to promote the event. These speaking engagements not only bolster an influencer’s reputation but also provide additional income. Consulting With their extensive knowledge of social media trends, audience behaviour, and content creation, some influencers offer consulting services to brands and other content creators, helping them optimize their online presence for a fee. Think of it as a MasterClass on how to become an influencer! Now, onto the most juiciest part. How Much Do Malaysian Influencers Earn? Based on a survey conducted by Malaysian marketing firm Envisage Media Solutions, influencers with up to 50 thousand followers earned an average income of RM10-15 thousand per month. On the other hand, influencers with more than 500 thousand followers could make upwards of RM50-100K a month. Of course, take this with a grain of salt because the average earnings of Malaysian influencers can vary widely depending on several factors including the influencer's niche, the platform used, the number of followers, engagement rates, and the number of collaborations they secure. Micro-influencers, with fewer followers, might earn a few hundred to a few thousand per post, while top influencers with larger followings and high engagement can earn significantly more, possibly tens of thousands per post or even more for larger campaigns. In addition, influencers in specific niches like beauty, fashion, or fitness might have higher earning potential due to greater demand from brands in those industries. It’s also worth noting that earnings can fluctuate, as they are often project-based, and can be influenced by trends, market demand, and changes in the social media landscape. Should You Be An Influencer? Social media influencers have turned their online popularity into a lucrative career by diversifying their income streams. Their earnings can also span a broad spectrum, ranging from modest sums to astronomical figures. The lucrative prospects and glamorous lifestyle depicted by top influencers paint a compelling picture, but it's important to look beyond the surface. The path to becoming an influencer is paved with hard work, consistency, creativity, and a dash of luck. Given the potential rewards, should everyday people like you and me consider diving into the influencer realm? The answer isn't black and white. Becoming an influencer can be a rewarding journey, offering not just financial gains but also a platform for self-expression, connection, and impact. However, it also entails challenges and uncertainties, requiring dedication, resilience, and adaptability. If you’re an aspiring influencer, you should weigh your motivations, assess your unique value proposition, and consider whether you are prepared for the highs and lows of the influencer lifestyle. In a digital age where the influence economy continues to flourish, the prospect of joining its ranks is certainly enticing, but it is also essential to venture forth with a balanced perspective and realistic expectations. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

In the world of investment opportunities, forex trading has established itself as a lucrative avenue for investors globally. In Malaysia, a growing number of individuals are looking towards forex trading as a means to earn profit. This article aims to provide a comprehensive guide to Malaysians who are considering venturing into forex trading. Let's delve into the aspects that you need to know about forex trading in Malaysia. Table Of Contents What Is Forex Trading and How Does It Work? Currency Trading In Forex How Are Forex Trades Quoted? (How To Read/Understand A Forex Trade) Commonly Used Forex Terms The 3 Ways To Trade Forex Forex Trading Strategies - Hedging and Speculating How To Start Forex Trading As A Malaysian Investor Where To Trade Forex in Malaysia? Pros and Cons of Forex Trading Advice for Protection Against Scams My Thoughts on Forex Trading As A Malaysian Investor What Is Forex Trading and How Does It Work? Forex trading (FX), also known as foreign exchange trading, involves the buying and selling of currencies in the foreign exchange market with the aim of making a profit. For instance, if you believe that the MYR (Malaysian Ringgit) will appreciate against the USD (US Dollar), you might buy MYR and sell it later at a higher price to make a profit. The forex market is the largest financial market globally, with daily transactions amounting to over $6 trillion. The market is open 24 hours a day, five and a half days a week with currencies traded worldwide in the major financial centres of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich—across almost every time zone. Currency Trading In Forex In forex, currencies are traded in pairs (forex quote). The value of one currency is always determined in comparison with another currency. There are seven major currency pairs that account for about 75% of trading in the forex market: EUR/USD USD/JPY GBP/USD AUD/USD USD/CAD USD/CHF NZD/USD How Are Forex Trades Quoted? (How To Read/Understand A Forex Trade) 1. Currency Pairs As mentioned above, a forex quote is represented with two currencies. For instance, USD/MYR, where: The currency on the left, (the USD) is the base currency. Meanwhile, the currency on the right (the Malaysian Ringgit) is the quote currency. 2. Bid and Ask Price When you look at a forex quote, you'll generally see two prices: a) Bid Price: The price at which you can sell the base currency. It is the highest price that a buyer is willing to pay for a currency pair. b) Ask Price (sometimes called the Offer Price): The price at which you can buy the base currency. It is the lowest price that a seller is willing to accept for a currency pair. For instance, if USD/MYR is quoted with a bid price of 4.1500 and an ask price of 4.1505, it will look something like this: USD/MYR: 4.1500 (Bid) / 4.1505 (Ask) 3. Spread The difference between the bid and the ask price is known as the "spread". Using the example above: Spread = 4.1505 (Ask) - 4.1500 (Bid) = 0.0005 The spread is essentially the broker's commission for executing the trade (though it can also reflect market liquidity). 4. Pips A "pip" is the smallest price movement that a currency pair can make based on market convention. Usually, a pip is equivalent to a 0.0001 change in value. For example, a one-pip movement would be a change from 4.1500 to 4.1501. Think of this 4-digit (or 5-digit) as a reflection of the incredibly high volume and liquidity in the forex market, which leads to very small and frequent price movements. This granular pricing helps traders to make more precise decisions and potentially profit from these tiny fluctuations. To wrap it all up, imagine you are at a marketplace. The currency pair USD/MYR is like an item you want to trade. The seller (the market) is asking for 4.1505 MYR (ask price) for each USD. If you agree to buy at that price, you have made a deal. Conversely, if you want to sell USD, the market is willing to buy it from you for 4.1500 MYR each (bid price). The small difference in price (0.0005) is kept by the broker as their fee for facilitating the trade. Commonly Used Forex Terms 1. Lot Forex is traded by what’s known as a lot, or a standardized unit of currency. The typical lot size is 100,000 units of currency, though there are micro (1,000) and mini (10,000) lots available for trading, too. 2. Leverage Because of those large lot sizes, some traders may not be willing to put up so much money to execute a trade. Leverage, another term for borrowing money, allows traders to participate in the forex market without the amount of money otherwise required. 3. Margin Trading with leverage isn’t free, however. Traders must put down some money upfront as a deposit—or what’s known as a margin. 4. Long and Short To "go long" means to buy with the expectation that the value will rise. Meanwhile, to "go short" means to sell with the expectation that the value will decrease. The 3 Ways To Trade Forex Similar to stock trading, forex trading also involves speculation of future currency price movements. Forex traders attempt to buy currencies they believe will appreciate in value compared to other currencies or to get rid of currencies they predict will see a decline in purchasing power. There are three different ways to trade forex: 1. Spot Forex Market In the spot forex market, currencies are bought and sold according to the current price, which is determined by supply and demand dynamics in the market at that particular time. The main characteristic of the spot market is that the physical exchange of the currency pair takes place at the exact point the trade is settled – ‘on the spot’, which is generally within a two-day period. 2. Forward Forex Market In the forward forex market, instead of executing a trade now, contracts are bought and sold between two parties who agree to trade a set amount of a currency pair at a specified price at a designated date in the future (or within a range of future dates). The contracts in the forward forex market are binding (private) and are usually closed out before the designated date, with the parties settling for the price difference. 3. Futures Forex Market Similar to the forward market, the futures forex market deals with contracts to buy or sell a certain amount of a currency pair at a specified price at a designated date in the future. However, unlike the forward market, the futures market deals with standardized contracts that are traded on (market) exchanges rather than privately. Forex Trading Strategies - Hedging and Speculating In forex trading, both speculating and hedging are common strategies employed by traders and investors to make profits or protect their investments from adverse market movements. This is especially prominent in the forward and futures markets where traders speculate or hedge against future price changes in a currency. Let's delve deeper into these two strategies: 1. Speculating a) Definition: Speculating involves buying or selling currency pairs with the expectation that they will move in a favourable direction, allowing you to make a profit. It is like making an educated guess where you predict the direction of currency values and trade based on your predictions to make a profit. b) Example: Imagine you are betting on a football match. You've done your research and believe that Team A is going to win. You place a bet on Team A. In forex trading, it's quite similar. Let's say you believe that the Malaysian Ringgit (MYR) will strengthen against the US Dollar (USD) in the near future based on current economic indicators. You buy a lot of MYR/USD, hoping to sell it at a higher price later when (and if) the MYR strengthens, thus making a profit. c) Characteristics: Short-Term to Medium-Term Trades Speculative trades often happen over short to medium-term periods, ranging from a few minutes to several days or weeks. High Risk Given the nature of speculation, it is often considered a higher-risk strategy as it depends on price movements which can be unpredictable. Leverage Speculators often use leverage to amplify their potential profits, though it also increases the potential losses. Technical & Fundamental Analysis Speculators rely heavily on technical and fundamental analysis to make informed decisions on the potential direction of currency pairs. Profit Motive The primary objective of speculation is to make a profit from the price fluctuations in the forex market. 2. Hedging a) Definition: Hedging involves taking positions in the market to offset potential losses that may be incurred, effectively protecting your investment from adverse market movements. It’s like taking out an insurance policy for your trades. You make trades to offset potential losses to your investment from adverse market movements, kind of a safety net. b) Example: Let's stick to the football match scenario. To safeguard your bet on Team A, you also place a smaller bet on a draw, so if Team A doesn't win, your loss is minimized because you win the draw bet. In the context of forex, suppose you have a significant investment in the US market, and a fall in the USD value could result in a loss. To hedge this, you might also take a position that profits if the USD falls (like buying EUR/USD). This way, if the USD does fall, the loss in your investment is offset by the profits from your EUR/USD trade. c) Characteristics: Risk Management Hedging is primarily used as a risk management strategy to protect investments from unwanted market movements. Cost Involvement Hedging can involve costs, as it might require taking multiple positions which might not always result in profits. Complex Strategies Hedging strategies can be complex, involving multiple financial instruments such as futures, options, and spot forex trades. Long-Term Perspective Hedging is often employed with a longer-term perspective, looking to protect investments over extended periods. 3. Putting Them Together - Hedging and Speculating To tie these concepts together, imagine you are a business owner in Malaysia who has to pay a US supplier in USD after a month. Given the volatile nature of the forex market, the MYR/USD exchange rate can fluctuate significantly in a month. Speculating: If you believe that MYR will strengthen against USD in this period, you might wait to convert your MYR to USD, expecting to get a better rate later. Hedging: To protect yourself from potential losses if the MYR weakens instead, you might use a hedging instrument (like a forward contract) that allows you to lock in the current exchange rate for a future date. This way, even if MYR weakens, you won't have to pay more than what you had locked in. How To Start Forex Trading As A Malaysian Investor Step 1: Educate Yourself Understand the Basics: Learn the fundamental concepts of forex trading including currency pairs, pips, leverage, and margin. Get to Know the Market Analysis Techniques: Equip yourself with knowledge of market analysis techniques such as technical analysis and fundamental analysis. Keep Abreast of Economic News: Stay updated with global economic news as it has a significant influence on forex markets. Step 2: Choose a Reliable Forex Broker Regulated Broker: Ensure to choose a broker that is regulated by a reputable authority. In Malaysia, the main regulatory body is the Securities Commission Malaysia (SC). Transaction Costs: Compare transaction costs, spreads, and potential commissions charged by different brokers. Step 3: Develop a Trading Plan Trading Strategy: Develop a trading strategy based on your risk tolerance, capital, and trading style. Risk Management: Incorporate risk management strategies to protect your capital. Step 4: Open a Trading Account Documentation: To open a live trading account, you'll need to provide necessary documents such as proof of identity and proof of address. Minimum Deposit: Be aware of the minimum deposit requirements of the broker. Step 5: Start Trading Analysis: Conduct market analysis before you enter a trade. Placing Trades: Learn how to place trades, including market orders and pending orders. Monitoring Trades: Monitor your trades regularly and make adjustments as needed based on market conditions. Continuous Learning: Forex trading is a continuous learning process. Learn from your trades and improve your strategies over time. Where To Trade Forex in Malaysia? I know there are a lot of brokerages out there but to be honest, I don’t really trust them. So, I’m going to recommend some banks and trusted financial institutions that have been approved by Bank Negara Malaysia. 1. Appointed Overseas Office (AOO) The AOO serves to facilitate wider price availability and enhance the liquidity of ringgit FX transactions outside Malaysian trading hours. Here are some of the banking groups involved: Al-Rajhi Banking & Investment Corporation (Malaysia) Berhad AmBank (M) Berhad Bank of America Malaysia Berhad Bangkok Bank Berhad BNP Paribas Malaysia Berhad And more depending on the country. 2. Counterparties Counterparties comprise all the licensed onshore banks in Malaysia, both local and foreign banks, custodian banks both local custodians and global custodians as well as international central securities depositories. Here are some of the banks for both. a) Licensed Onshore Banks Affin Bank BerhadBNP Alliance Bank Malaysia Berhad AmBank (M) Berhad Paribas Malaysia Berhad Bangkok Bank Berhad And more. b) Custodian Banks Affin Hwang Investment Bank Berhad Alliance Bank Malaysia Berhad Alliance Investment Bank Berhad Bank of Singapore Bank of America And more. 3. Primary Market Makers Bank of America BNP Paribas CIMB Bank HSBC Bank JP Morgan Chase Maybank Standard Chartered Bank Deutsche Bank Pros and Cons of Forex Trading Now, you might be asking yourself, should you consider going into forex trading? I mean, these days, there are a lot of scams going around after all. So here are the pros and cons of forex trading so that you can weigh it out and determine if it's the right choice for you. Pros of Forex Trading 1. Liquidity and Market Hours The forex market is incredibly liquid and operates 24 hours a day during weekdays, allowing for flexible trading hours. Example: A Malaysian investor can trade with international markets at any time, potentially profiting from economic events happening in different time zones. 2. Leverage Forex trading offers leverage, which means you can control a large position with a relatively small amount of capital. Example: A trader with a small initial deposit can potentially make significant profits by utilizing leverage wisely. 3. Diversification Forex trading can be a good option for portfolio diversification. It can potentially yield profits irrespective of the trends in other markets. Example: During economic downturns, a Malaysian investor can potentially hedge risks or make profits by trading forex as it may not be directly correlated with the stock market. Cons of Forex Trading 1. High Risk and Leverage While leverage can amplify profits, it can also exponentially increase losses. Example: A newbie investor from Malaysia might use excessive leverage, only to find that a small adverse movement in currency pairs wipes out their entire capital. 2. Complexity and Need for Knowledge Forex trading is complex and requires a deep understanding of market analysis, which can be overwhelming for beginners. Example: A Malaysian investor who jumps into trading without adequate knowledge might make uninformed decisions, leading to substantial losses. 3. Vulnerability to Scams Unfortunately, the forex market has been a breeding ground for scams and fraudulent activities. Pump and Dump Schemes: Perpetrators inflate the price of a currency pair artificially and then sell their positions at a high, leaving innocent investors with worthless assets. Phoney Forex Trading Investment Funds: In Malaysia, there have been cases where scammers have set up fake investment funds promising guaranteed returns, only to disappear with investors' money. Misleading Marketing and Signal Sellers: Individuals might encounter scams where service providers promise "guaranteed" profitable trading signals for a fee, which turn out to be false. Advice for Protection Against Scams 1. Due Diligence Conduct thorough research to validate the credibility of brokers and investment platforms. 2. Regulatory Compliance Always choose brokers regulated by reputable bodies like the Securities Commission Malaysia (SC) to ensure a secure trading environment. 3. Education Educate yourself to discern genuine opportunities from scams. My Thoughts on Forex Trading As A Malaysian Investor In my opinion, I think it’s very hard to earn a profit through this because the forex market is notoriously volatile and complex, requiring a deep understanding of economic indicators, market trends, and trading strategies to navigate successfully. Moreover, the influx of scams adds an additional layer of risk. There are a lot of scams these days so if you want to do it, make sure you use a credible brokerage that adheres to regulations set by authoritative bodies to safeguard your investments. Like I always say, make sure you equip yourself with enough knowledge through diligent research and education, as well as constantly update yourself on market news and analyses. This is a realm where informed decisions are vital to securing profits. Moreover, exercise caution with your investment capital; definitely don't put all your money into it. Diversification is key after all, not only within the forex market but across different financial instruments. By following these guidelines, I hope you can craft a more resilient and potentially successful investment journey in the volatile world of forex trading as a Malaysian investor. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Investing in Malaysia presents a wealth of opportunities, with a notably mature market in both conventional bonds and sukuk, which are Islamic bonds. Understanding the difference between the two and how to invest in them can be an essential step in diversifying your investment portfolio. Let's delve deeper into these two prominent investment avenues. Table of Contents What’s the difference between sukuk and bonds? How do bonds and sukuk work? What are the different types of bonds and sukuk available in Malaysia? What are the benefits of sukuk and bond investing? What should I consider before investing in bonds and sukuk? How to buy sukuk and bonds in Malaysia? Where to buy sukuk and bonds in Malaysia? What bonds and sukuk should I invest in? FAQ about bonds and sukuk What’s the difference between sukuk and bonds? Bonds Bonds are debt instruments issued by companies, governments, or other entities to raise capital. Investors who purchase bonds are essentially lending money to the issuer in return for regular interest payments and the return of the principal amount at maturity. Sukuk Sukuk, on the other hand, are Islamic financial certificates, similar to bonds, but comply with Islamic law, Shariah, which prohibits usury (interest). Sukuk represents an undivided share in the ownership of tangible assets relating to particular investment projects or special investment activity. How do bonds and sukuk work? Bonds Think of buying a bond like lending money to a friend. In this case, your friend is either the government or a company. When you lend them money (by buying a bond), they promise to pay you a bit extra (interest) as a thank-you gesture periodically. And just like a trusty friend, at the end of a set period, they give you back the original amount you lent them. For example, imagine you buy a bond from a company for RM1,000 with a 5% interest rate per year for 3 years. Every year, you will receive RM50 as interest, and at the end of the 3rd year, you'll get your RM1,000 back. So, in total, you would’ve made an extra RM150 from your investment (excluding the amount you lent). Sukuk Now, sukuk is a little different and is more like a business partnership, following the principles of Islamic finance. When you invest in sukuk, you are essentially buying a share in a business project or asset. Instead of getting regular interest payments (like in bonds), you get a share of the profits made by that project or asset, which can come from the rental income or the profit generated by the asset or project. For instance, imagine a group of people pool in money to buy a piece of land and develop a commercial building on it. As one of the investors, you will get a share of the rental income generated from the building, proportional to your investment. And if the building is sold, you get a portion of the proceeds as well. What are the different types of bonds and sukuk available in Malaysia? Bonds Government Bonds: Bonds issued by the Malaysian government. Corporate Bonds: Bonds issued by corporations to raise capital. Municipal Bonds: Bonds issued by local government entities or municipalities. Quasi-Government Bonds: Bonds issued by government-linked companies (GLCs) or government agencies. Sukuk Sovereign Sukuk: Sukuk issued by the Malaysian government and are Shariah-compliant equivalents of government bonds. Corporate Sukuk: Sukuk issued by corporate entities in accordance with Islamic principles. They might be linked to specific projects or assets. Asset-Backed Sukuk: Sukuk backed by tangible assets or projects, providing investors with a claim on the underlying assets. Project Sukuk: Sukuk specifically issued to fund a particular project, and the returns are often generated from the project’s revenues. Retail Sukuk: Sukuk specifically designed for retail investors What are the benefits of sukuk and bond investing? Benefits of Investing in Bonds Predictable Income Stream: Bonds provide regular interest payments, offering a predictable income stream. Capital Preservation: Being a debt instrument, bonds are generally seen as a safer investment, preserving the capital invested. Diversification: Bonds can be an excellent tool for diversification, especially when included in a portfolio dominated by more volatile assets like equities. Variety of Options: Investors have the option to choose from government bonds, municipal bonds, or corporate bonds, each carrying different risk profiles and interest rates. Benefits of Investing in Sukuk Ethical Investment: Since sukuk are compliant with Islamic Shariah principles, they represent an ethical investment avenue, avoiding sectors like alcohol, gambling, and usurious practices. Asset-Backed Nature: Sukuk securities are generally asset-backed, offering a tangible security that can sometimes provide a safety net in case of defaults. Diversification: Similar to bonds, sukuk can provide diversification in an investment portfolio, especially for investors looking for halal investment options. Stable Returns: Sukuk can offer stable returns, derived from the profits of the underlying assets or rental agreements, providing a predictable income stream. What should I consider before investing in bonds and sukuk? Considerations When Investing in Bonds Interest Rate Risk: Bonds are susceptible to interest rate fluctuations. When interest rates rise, bond prices tend to fall, and vice versa. Lower Potential Returns: Compared to stocks, bonds generally offer lower potential returns, especially in low-interest-rate environments. Credit Risk: Particularly in the case of corporate bonds, there is a risk that the issuer might default on their interest or principal payments. Inflation Risk: The fixed interest payments from bonds can be eroded by inflation, particularly if the bonds have a low interest rate. Considerations When Investing in Sukuk Limited Liquidity: Compared to bonds, sukuk markets might be less liquid, sometimes making it challenging to sell them quickly at market prices. Complex Structure: Sukuk often involves a more complex structure compared to bonds, incorporating various contracts and agreements to ensure Shariah compliance. Potential Concentration Risk: Given the specific sectors and assets that sukuk invests in (to remain Shariah-compliant), there can be a concentration risk where investments are focused in particular sectors, making them more vulnerable to sector-specific downturns. Limited Availability: Depending on the region, the availability of sukuk might be limited, potentially restricting investment opportunities compared to the more widespread bond markets. How to buy sukuk and bonds in Malaysia? Bonds Choosing a Reliable Broker or Bank: Institutions like Maybank, CIMB, and Hong Leong Bank offer platforms to invest in bonds. Research: Consider researching various bond offerings in terms of their credit ratings, interest rates, and maturity periods. Investment: Invest through the chosen platform, maintaining a clear strategy regarding your investment horizon and risk tolerance. Sukuk Selecting an Islamic Financial Institution: Choose a financial institution offering sukuk investments, like Ambank or Maybank Islamic. Consultation: Consult with financial advisors to understand the nuances of sukuk investments better. Investment: Like bonds, decide your investment strategy based on risk tolerance and investment horizon and proceed to invest. Where to buy sukuk and bonds in Malaysia? Bursa Malaysia FSMOne Appointed banks and financial institutions What bonds and sukuk should I invest in? Well, we can’t recommend any bonds and sukuk for you to invest in (due to regulatory issues) but here’s a list of the more “famous” bonds and sukuk that investors generally go for based on their credit ratings, interest rates, maturity period and overall credibility. Examples Bonds Malaysian Government Securities (MGS) Malaysian Savings Bonds (MSB) Malaysia Treasury Bills Bank Negara Monetary Notes Petronas Bonds YTL Corporation Bonds CIMB Group Bonds Examples Sukuk Government Investment Issues (GII) Malaysia Islamic Treasury Bills Bank Negara Monetary Notes (Islamic) Khazanah Nasional Sukuk Alliance Islamic Bank Telekom Malaysia Malaysian Resources Corporation (MRCB) To find more information on the yield and performance of bonds and sukuk (locally and internationally), check out FSMOne. Frequently Asked Questions about Bonds and Sukuk What are the returns on bonds and sukuk? Returns vary depending on the economic conditions of the country and world but average returns for both are around 2%-6%. Are bonds and sukuk safe investments? Both are generally considered low-risk as returns/income are fixed. Additionally, they’re not as volatile as stock investing and if you’re still worried, you should know that most bonds and sukuk have a credit rating which can help you gauge the level of risk of those assets. Will I get taxed on my bond and sukuk investment returns in Malaysia? No, you will not get taxed on your investment returns for both bonds and sukuk. Conclusion on Bonds vs Sukuk Investing in Malaysia In the Malaysian investment landscape, both bonds and sukuk offer viable investment avenues. If we were to compare bonds vs sukuk in Malaysia, bonds, with their interest-based returns, cater to the general investment community, while sukuk, adhering to Shariah principles, cater to investors seeking ethical and Islamic investment options. Of course, before investing - whether in bonds and sukuk or any other investment, it's essential to research thoroughly and possibly consult with a financial advisor to understand the nuances of each investment type better. Remember, both investment types come with their set of risks and potential rewards, and understanding them fully can help in making informed investment decisions. Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.