Finance – Responsible Finance – Managing Your Money
As children, people rarely think about money and how much they do or do not have. Children depend on their parents and guardians to provide the food, shelter, and clothing they need to survive. However, as we get older,...
How Does Shariah Compliance Work?
In his Budget Speech on Wednesday, 25 February 2009, Financial Secretary John Tsang devoted a whole paragraph, number 46 to be exact, to Islamic finance's continued development in Hong Kong. To quote:
"To consolidate Hong Kong's position as an international...
Why it isn’t a great idea to surrender ULIP after the lock-in period
A lock-in period is a stipulated time frame during which you cannot withdraw your invested money. Under a unit-linked insurance plan (ULIP), the lock-in period can be five years. During the ongoing tenure of the ULIP policy, your insurer...
