I don't think there are many people working in Sg can save SGD1000 every month. Don't forget recently they have just gained the fame as the most expensive city in the world.

If you're talking about food maybe yes.. Working there as a middle class isn't easy at all same as here. Look at the accommodation they're paying for only HDB flat (forget about private housing in Sg!).. the car comes with the hefty cost of COE.. no doubt in term of GDP as promoted by PAP is one of the richest countries in the world but if you have zoomed into the actual individual income, it is not the figure translated by GDP. Due to the sky high living cost in Sg, not many people could save $1k net every month. All of them are fighting for survival. This is no.2 of HK!

I don't think there are many people working in Sg can save SGD1000 every month. Don't forget recently they have just gained the fame as the most expensive city in the world.

If you're talking about food maybe yes.. Working there as a middle class isn't easy at all same as here. Look at the accommodation they're paying for only HDB flat (forget about private housing in Sg!).. the car comes with the hefty cost of COE.. no doubt in term of GDP as promoted by PAP is one of the richest countries in the world but if you have zoomed into the actual individual income, it is not the figure translated by GDP. Due to the sky high living cost in Sg, not many people could save $1k net every month. All of them are fighting for survival. This is no.2 of HK!

I don't think there are many people working in Sg can save SGD1000 every month. Don't forget recently they have just gained the fame as the most expensive city in the world.

If you're talking about food maybe yes.. Working there as a middle class isn't easy at all same as here. Look at the accommodation they're paying for only HDB flat (forget about private housing in Sg!).. the car comes with the hefty cost of COE.. no doubt in term of GDP as promoted by PAP is one of the richest countries in the world but if you have zoomed into the actual individual income, it is not the figure translated by GDP. Due to the sky high living cost in Sg, not many people could save $1k net every month. All of them are fighting for survival. This is no.2 of HK!

You can easily do that if work in Spore but stay in JB. Tens of thousand Malaysians cross over everyday to make SGD. They certainly can save SGD1000 every month. My nephew n wife who r non-graduates n both work in Spore can own two houses in JB n going to buy a HDB flat costing rm900k.

How is it possible for them to buy HDB when they already own two houses in JB.

How is it possible for them to buy HDB when they already own two houses in JB.

I believed they can buy a HDB if they do not have another property inside Sgp yet. It does not matter if they have properties in other parts of the world.

I believed they can buy a HDB if they do not have another property inside Sgp yet. It does not matter if they have properties in other parts of the world.

AFAIK,  you are not allowed to buy a hdb if u already own any property in other parts of the world, but it not easy for the Spore govt to find out, and there are ways to circumvent this ruling.

I don't think there are many people working in Sg can save SGD1000 every month. Don't forget recently they have just gained the fame as the most expensive city in the world.

If you're talking about food maybe yes.. Working there as a middle class isn't easy at all same as here. Look at the accommodation they're paying for only HDB flat (forget about private housing in Sg!).. the car comes with the hefty cost of COE.. no doubt in term of GDP as promoted by PAP is one of the richest countries in the world but if you have zoomed into the actual individual income, it is not the figure translated by GDP. Due to the sky high living cost in Sg, not many people could save $1k net every month. All of them are fighting for survival. This is no.2 of HK!

EPF says no minimum 2.5% dividend for syariah-compliant fund

KUALA LUMPUR: The Employees Provident Fund (EPF), which is expected to launch a fully syariah-compliant fund by January 2017, will not have a minimum of 2.5% dividend for it.

According to EPF chief executive officer Datuk Sharil Ridza Ridzuan, the 2.5% minimum return drops away when members opt for the syariah-compliant fund.

“Once the 2.5% return drops away, the concept of capital returns or protection also goes away otherwise it would not be syariah compliant,” he said.

URL: http://www.thestar.com.my/business/busines...compliant-fund/

EPF says no minimum 2.5% dividend for syariah-compliant fund

KUALA LUMPUR: The Employees Provident Fund (EPF), which is expected to launch a fully syariah-compliant fund by January 2017, will not have a minimum of 2.5% dividend for it.

According to EPF chief executive officer Datuk Sharil Ridza Ridzuan, the 2.5% minimum return drops away when members opt for the syariah-compliant fund.

“Once the 2.5% return drops away, the concept of capital returns or protection also goes away otherwise it would not be syariah compliant,” he said.

URL: http://www.thestar.com.my/business/busines...compliant-fund/

much better or worse than conventional?

My brain washed mindset after spending many years here says the i-fund to do better or at least equal to the conventional one.

It will be a nightmare for them if i-fund gives a lower return than the normal one. Can expect to see  politics-religion-race perfect storm here!

Quite a number of contributors was hoping to switch over to syariah compliant funds on thr premise that it would do better than conventional. I am also with the believe that it would performed better with a little manipulation of course. 

However the most important goalpost is the safety concerns. With these revelation, i would think most non muslim contributors will shy away from switching.

so it's better to "convert" into the epf-i account? 

btw if I don't like after few year, can I "convert" back to conventional?