Category: Religion

OFW UsapangPiso Singapore: Money By The Book – A Talk on Stewardship

After a very humble yet successful basic personal finance coaching sessions held in Dubai earlier this month, the OFW UsapangPiso Group will host another talk that will awaken the financial souls of our OFW’s in Singapore featuring our well-loved personal finance guru Randell Tiongson, RFP.

This mini-event sponsored by OFW UsapangPiso Singapore entitled “Money By The Book – A Talk on Stewardship” will tackle topics about the principles of ownership, responsibility, accountability, and rewards that will help our OFW’s based in Singapore to withdraw from a worldly view on finances, and begin to see it from God’s perspective. Continue reading OFW UsapangPiso Singapore: Money By The Book – A Talk on Stewardship

To Die In The Name of Education

When I was a naive young student, I used to have grudges against my former university for not letting me take my exams several times after failing to pay the examination fees.

Although I had a scholarship grant in college, this only covered tuition fees and not my daily allowances or monthly stipends.

My scholarship foundation was not directly paying my school. Every month I had to attend the foundation’s regular meetings so that I could collect the cash from their treasurer myself and sign on their receipt logbook. Continue reading To Die In The Name of Education

Buying A Life Insurance Is A Sin?

For most of us elsewhere in the world, getting a life insurance, or a medical insurance at least is a necessity. A must.

I am bringing up the topic about life insurance because a Filipino in Saudi Arabia died in an accident while at work a couple of days go. And then I wondered whether he is covered by any type of life insurance provided by the company or the Saudi government.

It turned out that his family will be receiving a social insurance benefit worth around SAR300,000 or roughly Php3,300,000 from GOSI (General Organization for Social Insurance) without him even contributing a single halala (peso) when he was still alive. The Company pays for the contribution of all its expatriate employees. So basically, expatriates in Saudi Arabia are generally protected as long as their companies are complying with their government’s Shar’a requirements related to GOSI.

In addition to that, I have learned that the employee’s company medical insurance has a “silent” life insurance coverage and that his family will be receiving an estimated amount of SAR250,000 or roughly Php2,750,000. Continue reading Buying A Life Insurance Is A Sin?