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Datuk Syed Inceif
Datuk Syed Inceif
INCEIF 2012.
CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
INTRODUCTION
The need to plan for retirement Everyone grows older Need to work hard when young to accumulate as much wealth for old time sake Costs of living escalates every decade Major cost is medical
INCEIF 2012.
INTRODUCTION (Contd)
If my body was a car, this is the time I would be thinking about trading it in for a newer model. I've got bumps and dents and scratches in my finish and my paint job is getting a little dull... But that's not the worst of it.
INCEIF 2012.
INTRODUCTION (Contd)
My headlights are out of focus and it's especially hard to see things up close My traction is not as graceful as it once was. I slip and slide and skid and bump into things even in the best of weather. My whitewalls are stained with varicose veins.
INCEIF 2012.
INTRODUCTION (Contd)
It takes me hours to reach my maximum speed. My fuel rate burns inefficiently. But here's the worst of it. Almost every time I sneeze, cough or sputter, either my radiator leaks or My Exhaust Backfires! What do you think would happen if you dont plan for retirement? Retirement is not just to sit around doing nothing, but you must have an active and healthy quality life, not sickly boring life
INCEIF 2012.
INTRODUCTION (Contd)
The Role of compulsory Pension funds Basically to provide funds for retirement You only get what you save You can enhance it when you invest You should plan not only for your current but also your future needs More than often, the EPF is not sufficient if not well planned
INCEIF 2012.
INTRODUCTION (Contd)
The need for other pension schemes PRS is one Can also take up good investments in various investment schemes, such as unit trust, real estate, etc ASN, ASB, etc. Gold bars Should also think of insurance and takaful
INCEIF 2012.
CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
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WHAT IS PRS?
A voluntary pension scheme Forced savings for the future that suits individual needs Well regulated to avoid any unfair dealings
INCEIF 2012.
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CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
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INCEIF 2012.
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CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
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INCEIF 2012.
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CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
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SOME SHARIAH ISSUES AND CHALLENGES Shariah compliant investments Distribution upon death subject to Faraid Should consider zakat payment Be helpful to others when you can
INCEIF 2012.
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CONTENTS
Introduction What is PRS The Associated Advantages Caution On Some Risks Involved Some Shariah Issues and Challenges Conclusion
INCEIF 2012.
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CONCLUSION PRS is an excellent avenue for personal financial planning It provides opportunities for better quality of life at retirement
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THANK YOU
Q&A
INCEIF 2012.
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