- Business
Crowdfunding: Massive First Step Towards Endowment Fund
In recent years, crowdfunding has emerged as a popular method of raising funds from the public. It allows a large number of individuals to contribute small amounts of money to support a specific project or cause. Crowdfunding is not only used for startups or social initiatives but has also become a viable alternative for creating a sustainable endowment fund. Endowment…
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Massive Potentials of Istishna’ Contracts in Islamic Financing
The istishna’ contract is one of the Islamic financing instruments based on a sale and purchase agreement where the product or item being sold does not yet exist at the time of the contract and must be produced according to the buyer’s specifications. This financing solution is particularly useful for sectors such as construction, manufacturing, and projects that require custom-made…
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The Opportunities of Salam Contract in Islamic Financing
The salam contract is a form of sale contract in Islamic law that provides flexibility and significant potential in Islamic financing. In a salam contract, the payment is made upfront, while the goods or commodities are delivered at a later date. This structure holds particular relevance in sectors like agriculture and manufacturing that require initial capital for production. The potential…
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Involvement of the Halal Industry in the Stock Market
In recent decades, the halal industry has experienced significant growth, not only in the food consumption sector but also in various other sectors, including finance. In Indonesia, the halal industry has become an essential part of the economy, supported by the large Muslim population and the government’s commitment to developing the sharia economy. One key aspect of the sharia economy’s…
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Productivity: Great Concept in Islam
In Islam, productivity is not merely about material achievements but involves balancing spiritual, physical, and mental aspects. Every action a Muslim undertakes, whether work, worship, or social interaction, should be aimed at attaining Allah’s pleasure. Islam views productivity as the optimal utilization of one’s potential in both worldly and spiritual matters. This article explores productivity from an Islamic perspective, citing…
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The Importance of Time Management in Islam
In Islam, time is considered one of the greatest blessings bestowed upon humanity by Allah ta’ala. Time is not just a neutral commodity but a divine trust, a resource that should be utilized wisely. Both the Qur’an and Hadith emphasize the significance of time, underscoring its irreplaceable nature. Muslims are reminded constantly that every second counts, and every action, whether…
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The Commandment to Earn a Living and the Prohibition of Begging
In Islam, working to earn a living and avoiding begging are core principles emphasized in the Qur’an and Sunnah. Islam promotes hard work and prohibits begging unless under certain unavoidable circumstances. This article explores the command to seek livelihood and the prohibition of begging based on Qur’anic verses, hadiths, and Islamic teachings. Command to Seek Livelihood Islam highly values hard…
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Worship and Financial Freedom in Islam
Financial freedom and freedom of worship are two intertwined elements in a Muslim’s life, offering a balance between worldly responsibilities and spiritual obligations. In Islam, financial freedom is not merely about amassing wealth, but managing resources responsibly to meet one’s needs without neglecting religious duties. Conversely, freedom of worship allows a Muslim to perform religious obligations without the hindrance of…
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The Importance of Reviewing Your Business Contracts from a Shariah Perspective
In the realm of business, contracts or written agreements play a pivotal role in binding the relationship between the involved parties. Contracts serve to ensure clarity in agreements and to avoid potential disputes in the future. However, for Muslim entrepreneurs, it is essential to ensure that business contracts are not only legally sound but also compliant with Shariah principles. Shariah,…
Read More » - Islamic Finance
See Your Investment Return with Consistency
Investing is one of the most effective ways to achieve financial freedom and reach long-term financial goals. However, the key to successful investing is consistency. Without consistency, the benefits of investing will not be maximized, and it could even lead to losses. This article will explain several reasons why being consistent in investing is crucial to seeing optimal results. Benefits…
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