- Muslim Lifestyle
The Relationship Between Akhlaq and Faith in Islam
As a flawless religion Islam stresses the value of akhlaq (morality) in addition to regulating aspects of belief (aqidah) and practicals (sharia). A Muslims personality is shaped by two primary factors that are intricately linked: akhlaq and faith. Faith will not be complete without good akhlaq and akhlaq will not mean anything if it is not strong. The relationship between…
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The Urgency of Frugal Living in Islam
Islam offers a strong and unmistakable call to live simply and spend prudently in a time characterized by consumerism and the never-ending quest for material wealth. Islams definition of frugal living is based on the principles of stewardship, thankfulness and moderation. The goal is to use resources sensibly and purposefully not to live in poverty or self-denial. Financial decisions are…
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How to Avoid FOMO in Investment
Investing is now easier than ever in the digital age. Anybody can purchase stocks, cryptocurrencies or mutual funds with a few smartphone taps. FOMO or the fear of missing out is one of the most prevalent psychological issues brought on by this convenience. In the context of investing FOMO is the emotional reaction that occurs when we observe others appear…
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How to Avoid the Get-Rich-Quick Mentality in Investing
The allure of rapidly becoming wealthy is natural and strong for a human being. It’s a mindset that causes people to make poor choices fall into traps and suffer significant losses when investing. Influencers promote the next big thing that include flashy schemes entice even astute investors and headlines enormous returns promise. Get rid of the get-rich-quick mentality before it…
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Positive Sum Game as Islamic Investment Value
Ethical considerations are essential and not optional in Islamic finance. The values of justice openness and reciprocity must guide investments. The positive sum game is a key idea that embodies these principles. Gaining insight into this idea helps one better understand how Islamic investments ought to function. Zero Sum Game versus Positive Sum Game A situation in which the total…
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Patience as a Virtue of a Muslim Investor
Patience is a mental anchor that determines ones success or failure in the world of investing not just a tactic. Patience has two qualities for a Muslim investor: it protects against market swings and reflects Islamic morality and faith. One of the fundamental virtues of Islam praised by Allah ﷻ and the Prophet Muhammad ﷺ is patience (sabr) which is…
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The Urgency of Real Sector Investment in Islam
Since it represents concrete economic activities like production, trade and services, the real sector forms the basis of any economy. From an Islamic standpoint, real sector investments are not only welcomed but also seen as being more in line with Shariah values which place a strong emphasis on expediency, sustainability and justice. Unlike the speculative instruments found in the traditional…
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The Urgency of Having a Long-Term Vision in Investing
In today’s unpredictable economic environment investing with a long-term vision is not only a strategy but a need. Investors frequently feel pressured to respond to daily fluctuations in the market particularly when news headlines exacerbate anxiety. Short-term responses however usually cause more harm than good over time. Investors can avoid emotional blunders stay focused on their long-term financial objectives and…
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The Urgency of Fulfilling Terms and Conditions in Islamic Business Partnership Contracts
One of foundations of Islamic finance is business contracts like mudharabah and musharakah. These contracts depend on openness, trust and rigorous adherence to terms and conditions that have been agreed upon by both parties. According to Islamic jurisprudence upholding these terms is mandatory and has a direct impact on the legitimacy of the contract as well as the equitable allocation…
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The Prohibition of Begging in Islamic Law
In Islam begging and panhandling are strictly forbidden unless there is an actual need. Islam emphasizes independence dignity preservation and the value of hard work. The Prophet Muhammad ﷺ cautioned against begging on numerous occasions likening it to facial disfigurement caused by wounds. Begging is frequently viewed in contemporary society as a simple way to get out of financial difficulties.…
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