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* If you have any enquires on savings, please contact:
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Types
of Savings |
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| Withdrawal of Savings |
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Change of Deduction |
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Mudharabah
Share Capital
(S1) |
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This savings facility is designed to recognize our members
as owners of SGM. |
| characteristics |
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mandatory account |
| purposes |
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recognised member as owner of SGM |
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voting rights |
| contributions |
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S$100 upon application (minimum) |
| returns |
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annual dividend from surplus |
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withdrawal limit
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withdrawable upon ceasation of membership |
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Mudharabah
Subscription
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This savings facility is created to inculcate good saving
habits among our members. |
| characteristics |
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mandatory account |
| purposes |
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wealth accumulation |
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retirement |
| contributions |
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S$30 monthly (minimum) |
| returns |
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annual dividend from surplus |
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withdrawal limit
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withdrawable for the purchase of house, Umrah
or Haj Pilgrimage and education expenses but should
maintain a balance of $500.00 |
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Mudharabah
General
Savings
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This savings facility is catered for members' short-term
expenditure. |
| characteristics |
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optional |
| purposes |
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short-term expenditure such as yearly holiday,
to renew road tax, |
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income tax, festive season and other contingencies
purposes |
| contributions |
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S$30 monthly (minimum) |
| returns |
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annual returns |
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withdrawal limit
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withdrawable at any time but should maintain a
balance of $30.00. |
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Mudharabah
Haj Savings
(S4) |
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This saving facility is established to help our members
who are planning to perform the Umrah or Haj Pilgrimage
in the future. |
| characteristics |
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optional |
| purposes |
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Umrah or Haj |
| contributions |
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S$30 monthly (minimum) |
| returns |
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not applicable |
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withdrawal-limit
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withdrawable upon performing of Umrah or Haj Pilgrimage. |
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Mudharabah
Education
Savings
(S5)
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This saving facility is set up to help our members set
aside savings for their children and their own future
education purposes |
| characteristics |
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optional |
| purposes |
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education |
| contributions |
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$30 per month (minimum) |
| returns |
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not applicable |
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