Devin Halim Wijaya

Master student in IIUM (Institute of islamic Banking and Finance) | Noor-Ummatic Scholarship Awardee
  • BlogThe Urgency of Transparency in Crowdfunding

    The Urgency of Transparency in Crowdfunding

    A vital source of funding for a variety of initiatives from social causes to business endeavors is crowdfunding. In order to collect money from a wide range of people this model relies on contributors and fundraisers having mutual trust. But without transparency trust cannot be maintained which is why it is essential to the crowdfunding ecosystem. Transparency reduces the risks…

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  • BusinessProcrastination as a Reprehensible Trait in Islam and How to Avoid It

    Procrastination as a Reprehensible Trait in Islam and How to Avoid It

    Despite being written off as a small habit procrastination can have negative consequences for ones spiritual and personal development. Procrastination is seen in Islam as a quality that can result in major losses and lost opportunities in this life as well as the next rather than just being a bad habit. This article examines the risks associated with procrastination the…

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  • BusinessDoes Islamic Financing Have to Be Cheap?

    Does Islamic Financing Have to Be Cheap?

    Following Shariah rules to the letter, Islamic finance is a substitute for traditional financial systems. Understanding that Shariah compliance puts adherence to Islamic laws ahead of cost considerations is crucial to answering the frequently asked question: Should Islamic financing be less expensive than conventional methods? Shariah’s core principle is compliance over cost Shariah places a strong emphasis on conducting financial…

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  • BlogSMEs are Important to the Singaporean Economy

    SMEs are Important to the Singaporean Economy

    Many people believe that small and medium-sized businesses or SMEs are the foundation of economies all over the world. Their importance is especially noticeable in Singapore where they make a significant contribution to the countrys economy. SMEs are vital for fostering innovation generating jobs and maintaining economic resilience even though they are smaller in size than multinational corporations (MNCs). This…

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  • Crowdfunding SyariahSukuk Invesment: What Sukuk is? Types, Benefits, Risks, and How to Start

    Sukuk Invesment: What Sukuk is? Types, Benefits, Risks, and How to Start

    In the global financial market sukuk also known as Islamic bonds have grown in popularity as an investment choice. These financial products provide investors with a moral substitute for traditional bonds since they adhere to Islamic principles. Both Muslim and non-Muslim investors looking for opportunities that fit with their values and offer a steady income stream are catered to by…

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  • Islamic EconomicsThe Distinction in Sharia Between Gambling and Business Risk

    The Distinction in Sharia Between Gambling and Business Risk

    Ethical financial transactions in Islamic economics are based on the distinction between haram (prohibited) and halal (permissible) business practices. A crucial component of this distinction is being aware of the basic distinctions between gambling which is strictly forbidden by Sharia law and business risks such as those found in legal commercial endeavors. In order to analyze these distinctions this article…

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  • BusinessThe Advantages of Islamic Human Capital Management for Business

    The Advantages of Islamic Human Capital Management for Business

    Organizations are increasingly embracing models that combine moral values with operational effectiveness in the dynamic global business environment. One such approach is Islamic Human Capital Management (IHCM) which is ideally positioned to promote corporate success by coordinating human capital plans with Islamic principles. This article examines the ways in which IHCM helps companies especially in promoting ethical behavior productivity and…

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  • Islamic FinanceThe Role of Sustenance and Wealth in Da'wah

    The Role of Sustenance and Wealth in Da’wah

    A Muslims life is greatly impacted by sustenance or rizq as it is known in Islamic terminology. It includes all of the things that Allah has given us such as money health wisdom and spiritual favors. The Islamic practice of dawah or calling others to Islam is intricately linked to the idea of sustenance. The success and efficacy of da’wah…

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  • Islamic EconomicsWhat to Do When Receiving a Pay Rise: How to Use it to Reach Financial Freedom

    What to Do When Receiving a Pay Rise: How to Use it to Reach Financial Freedom

    Receiving a pay rise marks a financial milestone of an employee’s life. However, a pay rise can also come with it’s own financial challenge and problem.Sometimes it’s very tempting to spend the additional money down the drain by celebrating, rising the lifestyle standard, or even get into debt. At the other side, this pay rise can also being used to…

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  • BlogReferral and Its Guideline in Islamic Law

    Referral and Its Guideline in Islamic Law

    In recent business landscape, referrals emerge as a popular marketing approach to acquire new customers while getting salesforce from existing customers and other people. While referrals provide a really good marketing leverage for businesses and represents a new way to have additional income for people, their application must adhere to the ethical and legal guidelines of Islamic law (Shariah). This…

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