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[VIDEO] A Conversation on Socially Responsible Investing feat. Najmuddin Mohd Lutfi, CEO of BIMB Investment

Let’s talk about SRI, or Socially Responsible Investing, also known as Sustainable Investing, ESG Investing (Environmental, Social and Governance) or otherwise under the umbrella of ethical investing. I like the idea of my money being used for good, even while investing it.

But – how do you invest in ‘good’ companies? How do you even quantify ‘good’? Joining me is Mr Najmuddin Mohd Lutfi, CEO of BIMB Investment Management Berhad. That’s the company behind BEST Invest app, which offers sustainable funds for retail investors (ie you and me) to invest in.

In this video, you’ll find out:

  • The terms SRI and ESG Investing
  • How it is defined, from the financial point of view
  • The usage of data in quantifying ‘good’
  • How it is used to make better (read: more profitable) investments
  • The catch of using this method of investing
  • Plus my commentary on accountability

View the full video below 🙂

Do you factor in ethics while making investment decisions? What investments you *won’t* do because it doesn’t reflect your values? Tell me in the comments section!

Further reading: [SPONSORED] I Tried BEST Invest by BIMB Investment, the ‘First Robo-Intelligence Shariah ESG Online Investment App’

[SPONSORED] 5 Sessions You’ll Want to Attend at SCxSC20

My fellow fintech nerds, where you at? Securities Commission Malaysia’s annual fintech event is back, and this year they’re taking it virtual! 

SCxSC Fintech Conference 2020 or SCxSC20 for short, held in partnership with Rakuten Trade and MDEC will be happening completely online from 5 to 7 October 2020, for the steep price of FREE. 

Like the previous years, the schedule is filled with thematic sessions under the fintech umbrella. This year, the four verticals are: Innovative Technology, SC Digital Initiative, Fintech Entrepreneurship and Fintech Literacy. 

Some of the sessions are *really* cool, I thought I’d list them here, schedule them into your calendar. Here are five sessions that you’ll want to attend at SCxSC20.

#1 – Investment Behavior In Turbulent Times

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[SPONSORED] Your Money Protected or Not? A Quiz

If you’re like me, you probably have your money all over the place:

  • In bank accounts (plural, because I have a few accounts with a few banks)
  • In various e-wallets and prepaid cards,
  • ‘Borrowed’ from legal entities (ie credit cards and loans) or illegal entities (ah long money lenders),
  • In ‘future money’ like insurance/takaful payouts,
  • In various investment accounts,
  • In physical forms like gold or property or high-value collectables,
  • With your friend who promised to pay you back soon,
  • In actual wallets (almost forgot about this one. Cashless trend is still going strong)
  • And more.

So my question to you today is… do you know what kind of protection is available for each of those listed? How sure are you that you get to access your money when you need to use it?

Wait huh, you might think, of course your money should be accessible, the financial ecosystem in Malaysia is good, right? (it is), I don’t need to worry, right? (mostly you don’t… but you should still know because this concerns YOUR money).

Take this quiz to test your understanding of your money’s protection – which is protected by PIDM and which isn’t. Have a look at the three scenarios, including one of Future You (surprise! You’ve reached financial freedom and are a multi-millionaire!)

Quiz #1 – How Protected is Kay’s Money?

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[SPONSORED] I Tried BEST Invest by BIMB Investment, the ‘First Robo-Intelligence Shariah ESG Online Investment App’

“What the heck is robo-intelligence,” I thought to myself when I first heard about Bank Islam Malaysia Berhad (BIMB)’s new fintech product, BEST Invest, “is it the same as robo-advisory?”

“Robo-intelligence is not robo-advisory,” said Amirul Safuan, Head of Marketing & Digital Business Unit at BIMB Investment Management Berhad, in a cheerful yet repetitious tone that implies he had to answer that question hundreds of times.

“It is the use of big data technology, analytics, algorithms to assist on systematic processes of a large quantity of information and data in the decision-making process. It is about the “process”, not “advisory”.

He answered this during an online press event in May 2020, shortly after the app’s official launch. I was pleasantly surprised to be invited, happy that he took (and answered) all my questions, and then went ahead to hire me to write a user review, even after knowing my (transparency-first) writing style. 

To be honest, I am a fan of the keywords BEST Invest are using. Fintech. Big data. Artificial Intelligence. ESG (Environmental, Social and Governance) aka Sustainable Investing. Top it off with Shariah compliance. Awesome, awesome, awesome. The only keywords missing are blockchain and cryptocurrency (jk jk). 

And so, it is my utmost pleasure to test out the BEST Invest app, and present to you a list of its pros and cons. 

best invest bimb review

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[SPONSORED] I Tried Bursa Marketplace’s Mirror, Learn & Trade Platform

The idea behind investing in the stock market is easy – buy shares from companies you like, wait for it to grow, and earn a profit through dividends and/or increase in value.

(You can also make money if the share price goes down – that’s called shorting, but that’s not halal and more suitable for more advanced traders so let’s not go there).

But if the idea is so easy, then why do I find it intimidating?

Bursa Malaysia knows that many people have the same feeling. Part of their mandate is to attract more investors to the Malaysian stock market, so they come up with various initiatives, including educational ones, to help us overcome that fear.

The latest initiative – Bursa Marketplace’s Mirror, Learn & Trade Platform or MLT Platform for short – may be the coolest one yet. I tried it out. Here’s what I thought of it.

bursa marketplace mirror learn trade mlt platform

#1 – Choosing who to mirror is the first step

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[SPONSORED] Investment-Linked Products, As Explained By the CEO of Life Insurance Association of Malaysia

As part of an outreach campaign, members of the financial media – including personal finance bloggers like yours truly – were invited to the office of Life Insurance Association Malaysia and treated to a first-hand presentation of the latest update within the investment-linked products industry.

Even the CEO of Life Insurance Association of Malaysia (or LIAM for short), Mark O’Dell attended the meeting. He’s like the top boss in the insurance industry. His background is very, very impressive. Happy to report he was approachable in person.

investment linked product

Let me share with you how LIAM explains investment-linked products. It’s quite clever.

Investment-Linked Products, explained using Nasi Lemak

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[SPONSORED] Verify Touch ‘n Go eWallet & 3 More 5-Minute Security Hacks

Let’s be frank here – ewallet and digital security is not the sexiest of topic to talk about. Therefore, let’s appreciate Touch ‘n Go eWallet not caring to be ‘sexy’ and choosing to feature it anyway in their educational video series, Cashless Confidentials.

In this article, we have brainstormed and came up with 4 actions you can do in 5 minutes that will significantly reduce your risk of losing money from scammers and hackers. It’s fast – you can do everything during lunch break. If you’re busy now, bookmark this article so you can pull it out later.

Note: If you consider yourself a Millennial or Gen Z, what you’re about to read below might sound like common-sense digital security practices.

However, keep in mind that they can be completely alien to your parents and grandparents, who are more susceptible to digital-based scams. I need you to read this so YOU can help them navigate this topic okay.

#1 – Activate Touch ‘n Go eWallet Money-back Guarantee Policy

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[SPONSORED] Revealed: How Takaful Products Get Created (from the Team that Made i-Great Aman) 

It’s not every day that you get to ask about the takaful plan creation process directly from the people who actually create them for a living.

That’s right, these two ladies from Great Eastern Takaful Berhad makes takaful products. From scratch. They don’t distribute them (that’s the agents’ job). They make them. 

Say hi to Ms. Nurul Sheila Khalib and Ms. Azlina Ideris from the Product Development team at Great Eastern Takaful Berhad (two ladies sitting on the left). 

i-great aman
As someone who is fascinated by behind-the-scenes of the financial industry in Malaysia, I really want to thank them for sharing with me and RoR readers how the takaful creation process looks like.

Here are the 4 stages.

Stage 1: Ideation 

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[SPONSORED] HelloGold’s Co-Founder Interviewed Me

I’m used to interviewing founders and CEOs, but it’s quite rare that I get interviewed by them!

That’s what we did in this Ringgit Oh Ringgit x HelloGold collaboration. In this video, HelloGold’s Co-Founder Ridwan Abdullah asked me a bunch of questions, ranging from the website, my investments and my thoughts on gold. It was fun answering them and I may have laughed too much.

We talked about:

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