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• This is where your money to invest comes from. Whenever you make an investment from the Raiz app, your debit card linked to your Funding Account will be charged a corresponding amount. 

• You can link debit cards issued by any banks in Malaysia. 

• This is where your purchases are tracked for round-ups. Every time you make purchases using your debit card, Raiz will round-up that purchases and invest the spare change automatically. 
• Now, you can only link Maybank debit card. 

Don’t have the Raiz App? 

• Use up to 50% of your income for what you need
• Allow for up to 30% to spend on the fun stuff 
• Save 20% for a rainy day, investing or your savings goal (like buying a house). 

1. Treat yourself to a birthday freebie. Most restaurants, if you tell them it’s your birthday, will give you a little something just for dining with them. The key is signing up to be a member early. 
2. Raid your drawers for unused gift cards. If you probably won’t put them to good use, re-gift or sell them. 
3. Cancel unused subscriptions for magazines, gym memberships, for example. 
4. Turn off the tap when you brush your teeth. This can save 5,000L per year, cutting down your utility bill. Also, take shorter showers. 
5. Unplug your laptop and other appliances when you aren’t using them. Leaving your computer on all day could add up to hundreds of ringgit in a year. 
6. DIY when it makes sense. Doing major repairs on your own won’t save you money if you end up having to pay a pro to fix your shoddy work. 
7. Make a list before hitting the store and stick to it—and avoid grocery shopping when you’re hungry and more likely to make impulse buys. 
8. Buy for a discount when you’re shopping for big-ticket items like furniture or appliances. 
9. Borrow. A friend may own a black-suit outfit you can wear to an upcoming event.
10. Get books at the library instead of purchasing your own copies. 
11. Buy everyday items like vegetables and baby diapers in bulk. 
12. Make your own coffee, saving you up to RM10 per drink. 
13. Commit to bringing your lunch just one more day a week. 
14. Look for alternative activities in your city, like morning workouts in public parks as opposed to subscribing to a gym membership. 
15. Volunteer. It’s a free meaningful activity and will make you feel good too.

16. Create savings goals on your Raiz Account. It’s an easy way to measure your progress and make quick adjustments.

Don’t have the Raiz App? 

Why use Raiz Kids? 

Don’t have the Raiz App? 

Don’t have the Raiz App? 

1. Gambar kad pengenalan adalah jelas; dan
2. Nombor bank akaun anda betul (dan ianya adalah akaun anda)

1. Your IC photo is clear; and
2. Your bank account number is correct (and it is yours).

Want to refer your friends?

1. You hold an active Raiz Investment Account with a balance of at least RM5; and
2. Your friend whom you refer makes a deposit and has a balance of at least RM5.

1. Use a financial calendar

2. Create a budget

Don’t have the Raiz App? 

Don’t have the Raiz App? 

Don’t have the Raiz App? 

• Use up to 50% of your income for what you need 
• Allow for up to 30% to spend on the fun stuff 
• Save 20% for emergency, invest or your savings goal. 

• Investment/Emergency funds 

• Essential expenses you cannot change. 
• Essential expenses that you can control. 
• Non-essentials 

Don’t have the Raiz App? 

Don’t have the Raiz App? 

1. How much do you need?

2. How much can you save?

3. Remember, it takes time!

Don’t have the Raiz App? 

Despite COVID-19 restrictions easing across the country, the economic fallout from the pandemic continues to be felt by many thousands of Malaysians from all walks of life. However, it’s also the perfect time to look forward and make sure your finances are stronger than ever to meet whatever challenges arise down the track.

Indeed, with so many Malaysians still experiencing employment disruption like layoffs and reduced hours, now is an ideal moment to look at your budget, actual spending, and savings to make sure you can navigate these unprecedented times.

With that in mind, here are some simple and effective ways to budget with the money you have right now to make sure you build a safety net of savings and protect your financial health for the long term.

Revamp your budget

When it comes to budgeting, now’s a good time to get money smart so you can emerge stronger and more prepared in relation to your personal finances.

First, you’ll need to reassess your income. When it comes to this side of the ledger, you can split things up into dependable income, like your salary and things like capital gains from shares or dividends and examine what they look like now.

Depending on your individual circumstances, you might find your income has a new baseline if your hours have been reduced or if you’ve been impacted by a layoff caused by recent economic disruption. However, your spending may have fallen more than before COVID, creating excess savings which could be put away for emergency before your expenses increase again. Doing this analysis now, after the forced cut backs in spending during COVID may give you a foundation to start reassembling a sustainable budget that works with your expected income during these difficult times.

Cut your expenses

If you’re strapped for cash, the next thing you may want to do when figuring out your budget is look at how you’re spending your money and where you can make cuts. Some of these cuts may have already happened due to COVID with the forced reduction in your discretionary expenses like shopping, eating out, subscriptions and holidays. On fixed costs such as rent, utilities and insurances, you can actively look for better deals or ask for payments to be temporarily suspended or deferred, then restarted as social distancing eases and your financial situation becomes more certain.

Take a close look at essentials

With essential spending like housing, it also pays to get creative. For instance, if you’re renting, consider letting out a room to a lodger to help make up a sudden fall in income. Or, if you’re a home owner worried about falling behind on mortgage repayments, don’t hesitate to reach out to your lender about options for reducing your payments temporarily such as debt moratorium. You could also consider refinancing your home loan if that suits your particular financial circumstances.

Money for a rainy day

While some people may need to make fundamental changes to their budgets, today’s altered conditions also represent a chance to plan and safeguard against other unknown shocks that may occur down the track.

This is where building an emergency fund now is a smart idea. Just putting a small amount away on a regular basis can add up over time and make a big difference.

How much you should aim to have in your emergency fund will differ from person to person, but it’s advisable that it can cover the basics like rent or mortgage repayments, food, loan repayments, transport, utilities, and phone and internet for two or three months.

The final word

In these unprecedented times, being as smart as possible with your money is more important than ever. If history has taught us anything when it comes to budgeting, it’s that being on top of your personal finances goes a long way when you’re looking for extra security and peace of mind in times of greater uncertainty.

Don’t have the Raiz App? 

Don't have the Raiz App? 

• PNB’s mandate is to enrich the lives of the Bumiputeras, which majority are Muslims. PNB has some 14 million unitholders, of which about 80% are Bumi.
• PNB does not invest in “haram” shares” such as alcohol, gambling or tobacco stocks.
• There are limited number of syariah-compliant equity instruments on Bursa Malaysia considering how much money PNB has to invest -- PNB has RM312 billion to invest, but Syariah-Compliant securities on Bursa Malaysia is only RM1.1 trillion (as at 31 Dec 2019).
• If PNB pulls out its share from Maybank due to its non-syariah compliance, that would have a major negative economic impact on Bumi Muslims.
• If PNB did not have majority shares in Maybank, for instance, it will lessen the acceleration of Islamic finance in the country – Maybank Islamic is the largest Islamic banking group in Malaysia and ASEAN by assets.

1. From the SC – the funds are not Syariah-compliant
2. From the Jawatankuasa Fatwa – the funds are “harus”
3. There is no force if one wishes to invest or, indeed, to not invest at all. That’s why the principles of needs (hajiyyah) provide a certain flexibility and freedom (although not absolute) for the individual to choose.

What is Raiz Philosophy? (Ringgit Cost Averaging) 

Don't have the Raiz App? 

Don't have the Raiz App? 

Don't have the Raiz App? 

Spending less 

There’s no reason to wait on cutting your spending back — you can spend less immediately. It doesn’t take any special financial knowledge and you can start right now. 

Don't have the Raiz App? 

The start of the year is the ideal time to make some financial resolutions for 2020. One of the most common resolutions, when it comes to personal finances, is to be a better saver for the year ahead. This sounds easy in theory, but can be harder to achieve in reality. 

With that in mind, here are five simple tips to help you achieve your saving goals in 2020. 

1. Have a concrete goal 

It’s basic but often overlooked — you’re much more likely to shift your spending habits and get better at saving if you have something to aim at. While the particular goal is up to you - it could be a holiday, a new car, or some new clothes - make sure it’s clear and achievable. 

2. Budget wisely 

A budget is also important because it allows you to see where your money is going. Once you’ve examined your income and expenses, you’ll be in a position to know how much income you have to work with at any given time, which will help you to save more effectively in the future. 

What also helps, when it comes to maximising your savings, is to look closely at your budget and figure out how much you spend on discretionary items like clothes, holidays and eating out to see where your expenses in these areas can be trimmed. 

3. Analyse your expenses 

While reducing expenses opens up more opportunity to save, so does some lateral thinking. For instance, it’s a good idea to keep on the lookout for cheaper deals when it comes to banking, insurance providers or memberships on things like gyms and streaming services. 

It also pays to stay on the lookout for cheaper brands of clothing and food, as well as savings on utilities such as power or water. 

4. Get out of debt 

It’s simple — debt is not your friend if you’re trying to save. Indeed, you’ll be amazed how much easier saving is when you’re not fighting against spiralling debt. 

If you’re in this boat, try and get across how the interest on your debt is calculated and when it’s charged as this can help you manage your repayments and avoid paying unnecessary interest. It’s also a good idea — if you have several debts – to try and pay off the debt with the highest rate of interest first. 

5. Phone a friend! 

Even for the most disciplined person, saving can get difficult at times. That’s why it can help to team up with a family member, friend or colleague who also has a saving goal. 

Still, if you do have to do it alone, think about imposing some hard spending rules on yourself. For instance, when it comes to impulse buys, one option is to impose a 24-hour ban on splurging the cash after it hits your account. If you impose such a “cooling-off” period on yourself, you may realise that what you wanted to buy was not so essential after all.

Don't have the Raiz App?