Singapore

Your Singaporean Muslim Directory on Money Matters

Everything you need to know about your money matters, you'll find it here. Get in touch with us if you can't find what you are looking for or want to list your organisation!

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Islamic Banking Accounts

Bank Logo
Bank Name
Bank Account Type
Account Name
How To Access?
CIMB
Fixed Deposit Account
Why Wait Fixed Deposit-I Account
https://ifsg.tiny.us/CIMBWWFDi
Maybank
Fixed Deposit Account
Foreign Currency Term Deposit-I
https://ifsg.tiny.us/MBFCTDi
Maybank
Fixed Deposit Account
Singapore Dollar Term Deposit-I
https://ifsg.tiny.us/MBSDTDi
OCBC
Current Account
OCBC Wadiah Account
https://ifsg.tiny.us/OCBCWA
CIMB
Current Account
CIMB StarSaver-I Account
https://ifsg.tiny.us/CIMBSSi
Maybank
Current Account
Foreign Currency Current Account-I
https://ifsg.tiny.us/MBFCCAi
CIMB
Savings Account
CIMB Starsaver (Savings)-I Account
https://ifsg.tiny.us/CIMBSSiA
CIMB
Savings Account
CIMB FastSaver-I Account
https://ifsg.tiny.us/CIMBFSiA
Maybank
Savings & Current Account
Premiereone Account-I
https://ifsg.tiny.us/MBPAi
Maybank
Savings Account
Savings Account-I
https://ifsg.tiny.us/MBSAi
Maybank
Savings Account
ISavvy Savings Account I
https://ifsg.tiny.us/MBISSAi
Maybank
Savings Account
Ar-Rihla Savings Account-I
https://ifsg.tiny.us/MBARSAi
 

Islamic Financing

Logo
Financier
Type
How To Access?
916 Pawnshop
Collateral Loan
824 Tampines Street 81, #01-20, S520824
ValueMax Pawnshop
Collateral Loan
1 Joo Chiat Road #01-1023 Joo Chiat Complex, 420001
Maybank
Commercial Property Loan
https://ifsg.tiny.us/Partners
CIMB
Renovation Loan
https://ifsg.tiny.us/Partners
Maybank
SME unsecured
https://ifsg.tiny.us/Partners
Maybank
Vehicle Loan
https://ifsg.tiny.us/Partners
 

Shariah Compliant Investments

Investment Class
Company
Name of investment
Minimum Investment
How to Access?
Crowdfunding
Ethis Malaysia
Equity crowdfunding
RM1000
Ethis Website
Crowdfunding
Ethis Indonesia
Peer to Peer Crowdfunding
S$10,000
Ethis Website
Crowdfunding
Kapital Boost
Peer to Peer Crowdfunding
S$200
Kapital Boost Website
Cryptos
Various
Bitcoin, Ethereum (except speculative coins such as Doge)
S$10
Exchanges such as Coinhako
Digital Assets
Various
Non-Fungible Tokens
>S$100
Various such as OpenSea
Digital Assets
Various
Digital properties
3 Ethereum
Various
Digital Assets
Various
Ethereum Name Service
>S100
ens.com
Digital Assets
Various
Liquidity mining / Stablecoins
Not Applicable
Various
Exchange Traded Commodities
HANetf
Royal Mint Physical Gold ETC Securities (Soon to be compliant)
> USD 18 / unit
Brokerage accounts
Exchange Traded Funds
Wahed Invest
Wahed FTSE USA Shariah ETF
>US$40 / unit
Brokerage accounts / Wahed app
Exchange Traded Funds
S&P
SP Funds S&P 500 Sharia Industry Exclusions ETF
>US$30 / unit
Brokerage accounts
Exchange Traded Funds
Blackrock
iShares MSCI USA Islamic UCITS ETF (ISUS)
>£4,641 / unit
Brokerage accounts / Wahed app
Exchange Traded Funds
Blackrock
iShares MSCI World Islamic UCITS ETF (ISDW)
>US$44 / unit
Brokerage accounts / Wahed app
Exchange Traded Funds
Blackrock
iShares MSCI World Islamic UCITS ETF (ISWD)
>£3,296 / unit
Brokerage accounts
Exchange Traded Funds
HANetf
Almalia Sanlam Active Shariah Global Equity UCITS ETF
> US$8 / unit
Brokerage accounts
Exchange Traded Funds
Blackrock
iShares MSCI EM Islamic UCITS ETF
> US$22./ unit
Brokerage accounts / Wahed app
Exchange Traded Funds
S&P
SP Funds Dow Jones Global Sukuk ETF
> US$20 / unit
Brokerage accounts
Exchange Traded Funds
S&P
SP Funds S&P Global Reit Sharia Etf
> US20 / unit
Brokerage accounts
Exchange Traded Funds
i-VCAP
MyETF Dow Jones Islamic Market Malaysia 25
> RM1 / unit
Brokerage accounts
Exchange Traded Funds
i-VCAP
MyETF MSCI Malaysia Islamic Dividend
> RM1 / unit
Brokerage accounts
Exchange Traded Funds
i-VCAP
My ETF MSCI SEA Islamic Dividend
> RM1 / unit
Brokerage accounts
Exchange Traded Funds
i-VCAP
MyETF Dow Jones US Titans 50
> US$2.21 / unit
Brokerage accounts
Exchange Traded Funds
Wealthsimple
Wealthsimple Shariah World Equity Index ETF (WSHR)
> CAD 28 / unit
Brokerage accounts
Exchange Traded Funds
Affin Hwang Asset Management Berhad
TradePlus Shariah Gold Tracker
> RM2 / unit
Brokerage accounts
Exchange Traded Funds
Newfunds Pty Ltd
NewFunds Shariah Top 40 Index ETF Portfolio
> ZAr 411 / unit
Brokerage accounts
Exchange Traded Funds
Blackrock
iShares MSCI USA Islamic UCITS ETF (ISDU)
>US$62 / unit
Brokerage accounts
Exchange Traded Funds
Wahed Invest
Wahed Dow Jones Islamic World ETF (UMMA)
> US$25 / unit
Brokerage accounts
Land Banking
Walton International
Various
S$20,000
Walton Rep
Microfinancing
Blossom Finance
Grocery, Farming, Market Traders, & Micro-Industry portfolio
S$100
Blossom Finance website
Mutual Funds
Franklin Templeton Investments
Templeton Shariah Global Equity Fund
S$100/month (RSP) or lump sum
Financial consultants / iFAST
Mutual Funds
Franklin Templeton Investments
Franklin Global Sukuk Fund
S$100/month (RSP) or lump sum
Financial consultants / iFAST
Mutual Funds
Maybank Asset Management
Mamg Global Sukuk Income-I Fund
S$1000
Financial consultants / iFAST / Maybank
Mutual Funds
Deutsche
DWS Noor Precious Metals Securities Fund
S$100/month (RSP) or lump sum
Financial consultants / iFAST
Mutual Funds
Maybank Asset Management
Maybank Asian Growth & Income-I Fund
S$1000
Financial consultants / iFAST / Maybank
Mutual Funds
Bank Islam
BIMB-Arabesque i Global Dividend Fund
Accredited investors only
FAiWA
Mutual Funds
Bank Islam
BIMB-Arabesque Malaysia Shariah-ESG Equity Fund
Accredited investors only
FAiWA
Mutual Funds
Principal Asset Management
Principal Islamic Global Sukuk Fund
Accredited investors only
FAiWA
Mutual Funds
Principal Asset Management
Principal DALI Opportunities Fund
Accredited investors only
FAiWA
Mutual Funds (ILP funds)
NTUC Income
NTUC Takaful fund
S$150/month (RSP) or lump sum
Financial consultants: NTUC Income & Independent Financial advisors
Mutual Funds (ILP funds)
HSBC
HSBC Islamic Global Equity Index Fund
S$150/month (RSP) or lump sum
FAiWA
Precious metals
Various
Gold, silver etc
>S$60 / gram
Pawnshops / Bullion / online
Private Equity
Montreux Capital Management
Montreux Healthcare Fund
Accredited investors only
FAiWA
Real Estate Investment Trusts
FAiWA & Phillips
I-REITs Fund
S$20,000
FAiWA
Stocks
Various
Dependent on shariah compliance
Not Applicable
Brokerage accounts
Venture Capital
Islamic Finance Guru
IFG.VC
£5000
Referral only
 

Financial Advisors With Access to Compliant Funds

Name of Advisory
Fund access
Independent / Associated
Contact
Remarks:
AXA
Franklin Templeton Shariah funds
Associated to AXA
Contact@ifsingapore.org
Email us to contact them
Ascent Islamic
Franklin Templeton Shariah funds
Associated to Manulife
Contact@ifsingapore.org
Email us to contact them
Financial Alliance Islamic Wealth Advisory (FAiWA)
Various: Principal funds, FTIF funds, NTUC funds, HSBC fund, etc.
Independent
https://ifsg.tiny.us/Partners
Has external and internal shariah advisors
Finexis
Various: Principal funds, FTIF funds, NTUC funds, HSBC fund, etc.
Independent
http://Contact@ifsingapore.org
Email us to contact them
Great Eastern Financial Advisers
Franklin Templeton Shariah funds
Associated to Great Eastern
Contact@ifsingapore.org
Email us to contact them
NTUC Income
NTUC Takaful fund
Associated to NTUC Income
Contact@ifsingapore.org
Email us to contact them
Professional Investment Advisory Services (PIAS)
Various: Principal funds, FTIF funds, NTUC funds, HSBC fund, etc.
Independent
Contact@ifsingapore.org
Email us to contact them
iFAST Global Market
Various: Principal funds, FTIF funds, NTUC funds, HSBC fund, etc.
Independent
https://ifsg.tiny.us/Partners
Nil
 

Islamic Finance Service Providers in Singapore

Logo
Name
Services
Based in:
ARLC
Legal advisory
SG
Amanie Advisors
Shariah advisory
MY
Ascent Islamic
Financial Advisory
SG
CIMB Islamic
Financial services
SG
Ethis
Crowdfunding services
MY
FAiWA
Financial advisory
SG
Five Pillars
Shariah advisory and certification
SG
Global Sadaqah
CSR, Zakat and Waqf Management platform
MY
Halal Universe
News and training
SG
Idealratings
Screening
SG
Islamic Finance Guru
Education
UK
Kapital Boost
Crowdfunding services
SG
Maybank Islamic
Financial services
SG
Pergas Investment Holdings
Shariah advisory, i-Wills etc
SG
Wahed
Robo-advisory
MY
Walton
Asset management
SG
Warees
Waqaf management
SG
 

Shariah Stock Screener

Name
Performance
ESG
Portfolio
Red Flags
Price ($) / month when paid annually
Screening methodologies
Five Pillars
Subjective
5
IF@SG
Not launched yet
6
Ideal Ratings
SG$34
5
Islamicly
> S$22.08 (1 market only, app + desktop)
1
Musaffa
Free for a limited time
1
Zoya
US$5
1
 

Recommended Islamic Finance Books

Picture of book
Name of Book
Suitable for?
Author
Art of Islamic Banking & Finance
Beginners
Dr Yahya Abdul Rahman
Investing in Islamic Funds
Beginner - intermediate
Dr Noripah Kamso
Islamic Capital Market
Intermediate
Various
Islamic Finance, Why It Makes Sense
Beginners
Daud Vicary & Keon Chee
Shariah Minds in Islamic Finance
Beginners & Intermediate
Dr Daud Bakar
 

Islamic Finance Course/Cert Providers

Logo
Training Provider
Name of Cert
Accrediting Body
Fee
Where to Access?
Chartered Institute of Islamic Finance Professionals (CIIF)
Chartered Professional in Islamic Finance (CPIF) - Banking
Chartered Institute of Islamic Finance Professionals (CIIF)
RM21,100
https://ifsg.tiny.us/CIIFCPIF
Chartered Institute of Islamic Finance Professionals (CIIF)
Chartered Professional in Islamic Finance (CPIF) - Takaful
Chartered Institute of Islamic Finance Professionals (CIIF)
RM21,100
https://ifsg.tiny.us/CIIFCPIF
Chartered Institute of Management Accountants (CIMA)
Diploma in Islamic Finance
Chartered Institute of Management Accountants (CIMA
£749.00
https://ifsg.tiny.us/CIMADIIF
Dr Ustaz Abdul Halim bin Abdul Karim
Islamic Economics
N.A
TBA
http://Email us for details
Ethica Institute of Islamic Finance
Certified Islamic Finance Executive™ (CIFE™)
Ethica Institute of Islamic Finance
US$1,100
https://ifsg.tiny.us/EHICACIFE
Ethica Institute of Islamic Finance
Advanced CIFE™ Financial Analysis (ACIFE™ FA)
Ethica Institute of Islamic Finance
US$1,100
https://ifsg.tiny.us/ETHICAACIFEFA
Ethica Institute of Islamic Finance
Advanced CIFE™ Accounting (ACIFE™ ACC)
Ethica Institute of Islamic Finance
US$1,100
https://ifsg.tiny.us/ETHICAACIFEACC
Five Pillars
Islamic Finance Qualification
CISI, UK
S$2,500/Pax
Email us
Frankfurt School Sustainable World Academy
Certified Expert in Islamic Microfinance
Frankfurt School Sustainable World Academy
EUR 700
https://ifsg.tiny.us/FSSWACEIM
General Council for Islamic Banks and Financial Institutions
Professional Certificates in Islamic finance
General Council for Islamic Banks and Financial Institutions
US$500
https://ifsg.tiny.us/GCIBFI
General Council for Islamic Banks and Financial Institutions
Professional Diplomas in Islamic finance
General Council for Islamic Banks and Financial Institutions
US$1,000
https://ifsg.tiny.us/GCIBFI
General Council for Islamic Banks and Financial Institutions
Executive Professional Master in Islamic finance
General Council for Islamic Banks and Financial Institutions
US$3000
https://ifsg.tiny.us/GCIBFI
IIUM Institute of Islamic Banking and Finance
Certificate in Islamic banking and finance
IIUM Institute of Islamic Banking and Finance
Not launched
https://tinyurl.com/IIUMCIBF
Institute of Islamic Banking and Finance Malaysia (IBFIM).
Certified Professional Shariah Auditor (CPSA)
Institute of Islamic Banking and Finance Malaysia (IBFIM).
https://ifsg.tiny.us/IBFIMCPSA
Institute of Islamic Banking and Finance Malaysia (IBFIM).
Certified Qualification in Islamic Finance (CQIF) (Choice of Banking/Takaful/Capital Markets specialisation)
Institute of Islamic Banking and Finance Malaysia (IBFIM).
https://ifsg.tiny.us/IBFIMCQIFBTC
Institute of Islamic Banking and Finance Malaysia (IBFIM).
Associate Qualification in Islamic Finance (AQIF)
Institute of Islamic Banking and Finance Malaysia (IBFIM).
https://ifsg.tiny.us/IBFIMAQIF
Institute of Islamic Banking and Finance Malaysia (IBFIM).
Islamic Financial Planner (IFP)
Institute of Islamic Banking and Finance Malaysia (IBFIM).
https://ifsg.tiny.us/IBFIMIFP
Institute of Islamic Banking and Finance Malaysia (IBFIM).
Intermediate Qualification in Islamic Finance (IQIF) (Choice of Banking/Takaful/Capital Markets specialisation)
Institute of Islamic Banking and Finance Malaysia (IBFIM).
https://ifsg.tiny.us/IBFIMIQIF
International Centre for Education in Islamic Finance (INCEIF)
Micro-Certification from Executive Masters in Islamic Finance (eMIF)
International Centre for Education in Islamic Finance (INCEIF)
RM3,110 per subject
https://ifsg.tiny.us/INCEIFMCeMIF
International Centre for Education in Islamic Finance (INCEIF)
Executive Masters in Islamic Finance (eMIF)
International Centre for Education in Islamic Finance (INCEIF)
RM9,330 for 3 subjects
https://ifsg.tiny.us/INCEIFeMIF
Islamic Finance Guru
Islamic Finance codex
Mufti Faraz Adam
£1,152
https://ifsg.tiny.us/IFGIFC
Islamic Finance Guru
The Halal Money Formula
Islamic Finance Guru
£198
https://ifsg.tiny.us/IFGHMF
Jamiyah Education Center
Diploma in Islamic Banking & Finance
International Islamic College
S$8980
https://ifsg.tiny.us/JECDIBF
TAIF Digital Institute
Certified Shariah Advisor & Auditor
AAOIFI
AED750
https://ifsg.tiny.us/TAIFCSAA
TAIF Digital Institute
Islamic Finance Qualification
CISI, UK
AED1,500
https://ifsg.tiny.us/TAIFIFQ
TAIF Digital Institute
Diploma in Islamic Fintech
TAIF Digital Institute
AED1,500
https://ifsg.tiny.us/TAIFDIFTECH
TAIF Digital Institute
AAOIFI Certified Islamic Professional Accountant (CIPA) Preparatory Class
AAOIFI
AED750
https://ifsg.tiny.us/TAIFCIPA
TAIF Digital Institute
Islamic Microfinance Beginner Level
TAIF Digital Institute
AED550
https://ifsg.tiny.us/TAIFIM
TAIF Digital Institute
Certified Waqf Practitioner
TAIF Digital Institute
AED1048
https://ifsg.tiny.us/TAIFCWP
 
 

Financial Assistance For Students

Title
Study Loan
Scholarships
Bursaries
Education Subsidies
Research Grant
Educational Awards
AMP
LBKM
MUIS
☑ (Postgraduate only)
Mendaki
Muhammadiyah
Pergas
☑ (Postgraduate only)
 

Estate Planning For Muslims

Service Provider
Inheritance Planning (1)
Preparing Islamic Documents (2)
Administration of Deceased Estate
Planned Giving (3)
ARLC
Abdul Rohim Noor Lila LLP
Barakah Capital Planners
FAiWA & Falco Heritage
H.O.H Law Corporation
HTHT
I.R.B Law LLP
Kensington Trust
Pergas Investment Holdings
Syariah Consultancy

1) Inheritance planning: Advisory on faraidh distribution & calculation

2) Preparing Islamic Documents: Will writing, Hibah, Nuzriah
3) Planned Giving: Wakaf, living trust and CPF/insurance/investment matters

Image by Javier Allegue Barros

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