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Saturday, January 25, 2014

GST for Gold and Silver Bars!!!


A friend informed that the GST will also be applicable to Gold and Silver Bar Purchase/Investment.
Definitely, a case of a tax on Investment / Savings.

Normally, Investors and/or Savers will be taxed(if any) on their Investment upon maturity and/or profits received BUT apparently  its NOT in the case of Gold and Silver in Malaysia.
What Options do Muslims have when ASB is Haram ( Reason HERE ) and the same goes for "Forced" Savings in EPF/KWSP ( Reason HERE )???




 ( Official Letter dated January 2014 )

I suppose the paper madness continues.

Savings / Investment Options:-
(A) Mudharabah Investment  (AMGIA / GIA)
- Returns do not keep pace with inflation.

(B) ASB/ASN
- No Brainer, "HARAM"

(C) Unit Trust
- Seriously, with the weekly outflow of foreign funds since Budget 2014 was tabled in 2013!!!!????

(D) EPF / KWSP -
 as per (B) above.
Surat pertama

 lebih jelas lagi
 ( Letter from EPF to PPIM )

(E) TABUNG HAJI
- ...emmm....too many stories!

So How?