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Description
Shariah Retirement Planning
Editor: Ahcene Lahsasna, 2016 (Hardcover)
ISBN 978-967-0149-88-2, 453 pages
Publisher: Islamic Banking and Finance Institute Malaysia (IBFIM)
Retirement planning is a very delicate process as no one really knows with full certainty the exact amount that will be required for retirement. One of the simplest reasons for this is that no one knows how long one will live in this world. There are some individuals who need no retirement fund because they die too young and leave this world before retirement. On the other hand, there are some people who live well beyond the average life expectancy.
Another reason is attributed to the scarce resources available for spending and the need for the resources to be spread out into two main phases of an individual’s life, one before retirement and the other during retirement. Thirdly, some of the future expenses are predictably unpredictable.
