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  • Primary School Teaching Assistant Dies In Accident With PRC Embassy Car

    Primary School Teaching Assistant Dies In Accident With PRC Embassy Car

    A 32-YEAR-OLD primary school teaching assistant died on the spot after his motorcycle collided with a car from the Chinese Embassy on Sunday morning.

    Tan Kiat Siang was believed to have been on his way to pay respects to his father, who had died recently, when he got into an accident at about 10.30am at the junction of Mandai Lake Road and Mandai Road, reported Chinese newspaper Shin Min Daily News yesterday.

    Mr Tan was an allied educator – someone who supports teachers in their work – in mathematics at Naval Base Primary School, where he was also in charge of the Info Comm Club.

    An eyewitness told Shin Min Daily that a red Volvo was preparing to turn right from Mandai Road into Mandai Lake Road, when Mr Tan approached from the opposite direction on his motorcycle and collided with the car, landing a metre away on the road.

    There were a few passengers in the embassy car, which Shin Min Daily reported as possibly being on its way to the zoo.

    Noah Ong, vice-principal of Naval Base Primary School, told My Paper via e-mail: “The school is deeply saddened by the passing of our allied educator.”

    Mr Tan was supposed to return to teach at the school yesterday.

    “He was responsible and well-liked by his colleagues and students. We will provide counselling support to affected students and staff, and are rendering the necessary assistance to his family,” added Mr Ong.

    Friends and relatives of Mr Tan have shared their condolences on Facebook, with pupils saying that he was the best educator.

    Police confirmed that they were informed of the accident on Sunday morning and that paramedics on the scene established that a 32-year-old man had died.

    The Chinese Embassy told The Straits Times: “A staff member of the Chinese Embassy in Singapore involved in a traffic accident in Mandai Road on the morning of Sept 13 is under investigation by the Singapore Police.”

     

    Source: http://mypaper.sg

  • IIUM Scholar Advises Muslims To Use Syariah-Compliant Investment Tools

    IIUM Scholar Advises Muslims To Use Syariah-Compliant Investment Tools

    DEALING with syariah-compliant financial institutions is obligatory and not an option for Muslim customers in Brunei, said an Islamic scholar from the region.

    “(Products offered by) conventional banks are financial products that are not permissible in Islam as they involve riba (usury),” said Dr Zaharuddin Abdul Rahman, senior lecturer at the college of economics, International Islamic University Malaysia.

    He said Muslims should not move away from Islamic banking or investments and disregard the Islamic aspects of doing business just because they want to optimise their profit or investments.

    “We spoke of how riba is the highest degree of haram in dealing with business, money, earning and spending. So there is no way – when there are Islamic banks around (in Brunei) – can a Muslim ignore these Islamic banks by going to the conventional banks because of price or whatever reasons,” he toldThe Brunei Times on the sidelines of a symposium held at The Empire Hotel and Country Club last week.

    He said Muslims shouldn’t use price or efficiency as an excuse to stay away from Islamic banks.

    Dr Zaharuddin said there are various ways in which a Muslim can invest with an Islamic bank so that they can grow their money through syariah-compliant methods.

    The first option is to get a Muslim investment manager.

    “That type of investment is called Wakalah (protection or remedying on behalf of others) so the bank will use their expertise to find where would be best securities to invest in and then the bank will take some profit in terms of agency fee,” he said.

    He said if the bank manages to achieve a target profit, then all of it will be returned to the investors.

    “This type of contract is available in Islamic banks in Malaysia and all around the world,” he said.

    Another method is by investing money in unit trusts, if an investor decides to go for a “low to medium risk” investment vehicle.

    “ The contract will be under Wakalah and the agency will collect fees upfront and use their expertise in purchasing appropriate shares and securities as well as carry out trading based on their analysis,” he said.

    Unit trusts investing, may however, take “three or four years” to yield returns, he added.

    Muslims who want to invest their money for short to medium term, may also invest their money into a “general investment account which replicates a fixed deposit account”.

    “You can choose between three months to one year and then at the end of the maturity date, the bank will be able to give you some dividends based on the performance of the investment,” he said.

    High-risk investors can buy shares of companies that operate syariah-compliant businesses.

    “That is also permissible in Islam with the condition that you are using your own money and not borrowing from someone else with interests,” Dr Zaharuddin said.

    Another way of investing money is opening a physical business.

    “So you are using your own money to open a business. That is also an investment. Say you have for example, $100,000 to open a boutique, you just need to have knowledge and skills in managing cash flows, marketing and the whole operations. This is also acceptable in Islam,” he said.

    The investor can also get a partner who can manage a business.

    “You can do a partnership with somebody who knows how to market the product or business. So they may put 20 per cent of the capital and you pump in 80 per cent. That type of investment is calledmusharakah (partnership),” he said.

    Another method is a profit-sharing investment whereby an investor chooses not to have direct control of the operations.

    “For example, your friend has a good restaurant and you want to invest in it. You may put $100,000 into the business but you don’t have to work with him. Depending on the agreement, the restaurant owner, as an entrepreneur will run the business and you will have the privilege to do the audit to ensure the business is on the right track,” he said.

     

    Source: http://www.bt.com.bn

  • DBS Akan Tutup The Islamic Bank Of Asia Ltd

    DBS Akan Tutup The Islamic Bank Of Asia Ltd

    Kumpulan DBS hari ini menyatakan, ia akan menutup usahasama perbankan Islamnya yang berpangkalan di Singapura.

    Sebaliknya ia kini akan mengendalikan secara langsung produk-produk berlandaskan Syariah.

    “Selepas banyak pertimbangan, lembaga pengarah The Islamic Bank of Asia Ltd (IB Asia) sebulat suara bersetuju untuk secara beransur-ansur menutup IB Asia. Sebagai entiti berasingan, IB Asia tidak dapat mencapai skala ekonomi yang besar,” kata DBS dalam satu kenyataan kepada bursa saham.

    “DBS akan terus membangunkan dan mengedarkan produk-produk berlandaskan Syariah seperti bon Islam atau Sukuk, dalam operasi utama perbankan,” tambahnya.

    DBS juga berkata ia akan melakukan yang terbaik untuk mengambil majoriti kakitangan IB Asia.

    IB Asia ditubuhkan pada tahun 2007 sebagai sebuah perkongsian usahasama antara DBS dan pelabur-pelabur terkemuka yang berpangkalan dalam Majlis Kerjasama Teluk (GCC).

    Source: http://berita.mediacorp.sg

  • Impian Meniggal Dunia Di Makkah Termakbul Bagi Seseorang Mangsa Kren Tumbang

    Impian Meniggal Dunia Di Makkah Termakbul Bagi Seseorang Mangsa Kren Tumbang

    IPOH: “Impian mak untuk meninggal dunia di Makkah termakbul,” kata anak ketiga Allahyarham Rusiah Suar, 56 tahun.

    Hariyanti Ahmad Badri, 31 tahun, berkata beliau reda kerana itu adalah ketentuan Ilahi.

    “Dia ada beritahu teringin sangat nak meninggal di Makkah. Kami reda sebab perkara itu memang diidamkan oleh umat Islam.

    “Saya menyangka itu adalah satu gurauan. Bagaimanapun sebagai anak saya sedih atas pemergiannya,” katanya kepada pemberita di kediamannya.

    Beliau berkata berita pemergian ibunya dimaklumkan kepada keluarganya oleh Tabung Haji (TH) yang datang ke rumah pada kira-kira 7.45 malam Ahad (13 Sep).

    “Pihak Tabung Haji beritahu menemui mayat ibu di sebuah hospital di Makkah, namun mereka tidak memaklumkan bagaimana insiden itu berlaku.

    Hariyanti berkata dia dimaklumkan TH akan menguruskan proses pengebumian ibunya di Makkah.

    Anak ketiga daripada lima beradik itu berkata rakan sebilik ibunya memaklumkan bahawa arwah rebah dan pengsan ketika insiden itu berlaku.

    “Selepas menerima berita insiden itu, saya meminta suami menelefon kawan ibu saya untuk bertanya keadaan yang berlaku dan dia memberitahu ketika melakukan saie, kren jatuh, mak saya terus rebah.

    “Ketika itu kawan-kawan mak nak tolong tetapi orang di sana tidak benarkan…selepas itu kawan-kawan mak terus terputus hubungan dengan mak,” katanya.

    Sementara itu, Nor Haizan, 34 tahun, berkata ibunya teruja untuk menunaikan ibadah haji.

    “Semasa di Tabung Haji Kelana Jaya, mak sempat bergurau dengan kami dan nampak dia teruja. Semasa melakukan persiapan, mak nak semua barang-barang keperluan baru dan dibeli awal,” katanya.

    Nor Haizan terkilan kerana pemergian ibunya seminggu sebelum Aidiladha sama seperti Allahyarham ayahnya yang menghembuskan nafas terakhir sehari sebelum Aidiladha pada 2007.

    “Saya reda kerana itu sudah ketentuan,” katanya sambil menambah solat jenazah ghaib telah dilakukan selepas maghrib semalam dan majlis tahlil akan dijalankan hari ini (14 Sep).

    Source: http://berita.mediacorp.sg

  • Behind PAP’s Victory, A Rising Star

    Behind PAP’s Victory, A Rising Star

    Singapore’s ruling party is celebrating a resounding re-election victory, thanks partly to its economic Tsar, an ethnic Tamil politician whose voter appeal poses an awkward question for its leaders: can a non-Chinese ever become prime minister?

    As the People’s Action Party (PAP) settles down to another five years in power, the guessing game of who will succeed Prime Minister Lee Hsien Loong has begun – and the name of Tharman Shanmugaratnam keeps coming up.

    The odds of Shanmugaratnam, who is deputy prime minister and finance minister, making it to the top job should be long.

    All three of Singapore’s prime ministers to date have been of Chinese origin and, in a country where three-quarters of the residents are ethnic Chinese, it would be hard to break that tradition. Just one in 10 Singaporeans can, like Shanmugaratnam, trace their roots back to South Asia.

    PAP officials declined to comment on the question of who will come after Lee, 63, who has hinted that he may step down by 2020, because it is a sensitive subject in a party that is in any case instinctively secretive.

    Lee has said that the chances of a non-Chinese becoming prime minister are better for the new generation of leaders but a lack of Mandarin, widely spoken here, could be a problem.

    For some Singaporeans, though, the idea is as outlandish as a non-Malay prime minister in Malaysia or an Indonesian from outside the political heartland of Java becoming president.

    In a book published two years before his death this year, Lee Kuan Yew, Lee’s father and the deeply respected first prime minister of this tropical city-state, listed four ethnic Chinese men as the new generation of up-and-coming leaders.

    Still, Shanmugaratnam’s hustings performance in the run-up to last week’s election was so impressive that even an opposition candidate, Paul Tambyah of the Singapore Democratic Party, openly longed for him to lead a grand coalition of parties.

    “People would like to see Tharman around to set the tone for a new PAP leadership,” said Catherine Lim, a long-time political commentator and critic of Lee Kuan Yew.

    “It’s time now for a completely different one, and the only person whom I can think of to set that tone convincingly and who can appeal to Singaporeans across ethnic groups would be Mr Tharman,” she said.

    Shanmugaratnam, 58, said in July he was not keen on the prime minister’s job, though he expected Singapore to have a leader from one of its minority ethnic groups at some point.

    He was not available to comment for this article.

    A TRANSITIONAL PRIME MINISTER?

    The PAP won almost 70 percent of the popular vote in the election, a stunning recovery from its record low of 60.1 percent in 2011. In his own district, Shanmugaratnam led a handful of lawmakers to a win with about 80 percent of the vote.

    Analysts say that rebound was helped by a wave of patriotism after the death of Lee Kuan Yew and independent Singapore’s 50th birthday celebrations, but also by a slight shift from unbridled capitalism to Western welfarism that was led by Shanmugaratnam.

    In his campaign speeches, Shanmugaratnam pressed the right buttons for an electorate that has in recent years begun to question the hard-nosed growth-at-all-costs policies of the PAP that left many marginalised and struggling to make ends meet.

    In a calm baritone and with his trademark avuncular style, he crunched numbers to show how social welfare is working.

    He also explained changes the PAP has embraced after 50 years of unbroken rule, but conceded still more were needed.

    “It used to be a top-down government, often quite heavy-handed,” he told one rally. “It’s no longer that way … Strong leadership is listening, engaging, moving with people.”

    Shanmugaratnam spoke some Mandarin on the campaign, and when he quoted from an ancient Chinese poem at one rally the crowd exploded with cheers.

    He was educated at the London School of Economics, Cambridge and Harvard, and spent most of his career at the Monetary Authority of Singapore, the island state’s central bank and financial regulator.

    He got into a legal tangle in the 1990s when he was fined for failing to protect the secrecy of official information after economic data was published in a newspaper ahead of its release. Shanmugaratnam had pleaded not guilty.

    He is also well known on international circuits: a darling of international investors, he was appointed chairman of the International Monetary Fund’s policy steering committee in 2011.

    Eugene Tan, a law professor at Singapore Management University and a political commentator, said one obstacle for Shanmugaratnam is that he is seen as part of the prime minister’s generation, when perhaps ideally a new generation would be coming forward.

    “However, if it is assessed that a transitional prime minister is needed while the fourth generation is ready to take over, then … Tharman is well-positioned to step up,” Tan said.

     

    Source: https://sg.news.yahoo.com

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