CPF & YOU
Beneficiaries To Receive CPF Monies Faster And With Greater Ease (From 1 April 2022) www.cpf.gov.sg
“For un-nominated CPF monies, currently, the monies are transferred to the Public Trustee’s Office (PTO) for disbursement. The PTO then traces and verifies each beneficiary’s claim before disbursing the monies. From 1 April 2022, this will be streamlined to let a single beneficiary represent all other beneficiaries (with their consent) to receive un-nominated monies amounting not more than $10,000. This process will be simpler and faster.
For un-nominated CPF monies exceeding $10,000, the process will remain unchanged.”
You Asked: “For Muslims, can I confirm that nominated CPF, insurance payout including DPS and Shariah investment does not fall under Faraid distribution? Which means they will be given according to the nomination.”
Our Shariah Advisor Answered: Yes, for nominated CPF & nominated insurance payout for DPS do not fall under Faraid Distribution anymore.
For Shariah Investment via CPFIS with the exception of insurance products, even if you have nominated your CPF, CPFIS is considered to be invested outside of CPF account and hence CPF nomination does not cover this and if you have not liquidated the investment, it will fall under Faraid .
This applies to non-muslim too, the CPFIS will fall under intestacy law if the money hasn’t been returned, back into your CPF account. With the exception for insurance policies (using CPFIS) where if you have made a nomination with your insurance company, the death benefits from the policies will be paid to your nominated beneficiaries.
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek unbiased financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
Published By:
Salmah Ismail
Financial & Certified Islamic Wealth Adviser | Certified Wakaf Practitioner | Trusted Partner in Your Financial Journey
With over two decades of experience walking alongside clients through the ups and downs of life, I specialise in Islamic wealth advisory, with a strong focus on values-based financial planning, legacy structuring, and wakaf solutions.
What sets me apart is not just what I do — but how I do it. I believe in staying present for my clients whether they’re:
– growing their wealth,
– navigating health claims, or
– facing life’s crossroads.
My practice is rooted in sincerity, clarity, and barakah — because success is not just about the bottom line, but the impact we leave behind.
From helping a young woman weigh between full-time postgraduate studies and career acceleration, to holding space for families navigating grief and inheritance, to migrating clients’ financial portfolio from conventional to Islamic portfolio — I bring both technical expertise and emotional insight to the table.
I am a proud mother of three independent daughters and a lifelong learner. Most recently, I completed a course in Islamic Business Management jointly offered by IIIT and IIUM. Over the years, I’ve come to define success as living with integrity, doing things right with kindness, and empowering others to do the same.
Let’s walk this journey together — building wealth with purpose, leaving legacies with meaning, and striving for barakah that endures beyond this life.
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