Devin Halim Wijaya

Master student in IIUM (Institute of islamic Banking and Finance) | Noor-Ummatic Scholarship Awardee
  • BlogUmrah and Sadaqah? Which one is Better?

    Umrah and Sadaqah? Which one is Better?

    In the life of a Muslim, both umrah and sadaqah are highly recommended practices. However, in the midst of difficult social conditions, where many people are in need of help, the question arises: Which is better, performing Umrah or giving sodaqah? This article will discuss a comparison between the two in light of current conditions. The Virtue of Umrah Umrah…

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  • BusinessConcept of Wakaf Sukuk in Islamic Economics

    Concept of Wakaf Sukuk in Islamic Economics

    Waqf is a crucial pillar in the Islamic economic system that serves as a social instrument for wealth and welfare distribution. Traditionally, waqf has been used in Muslim societies to support various social projects such as building mosques, schools, and hospitals. However, as times have progressed, the concept of waqf can now be applied in various forms, one of which…

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  • Crowdfunding SyariahWaqf Sukuk on Securities Crowdfunding

    Waqf Sukuk on Securities Crowdfunding

    In recent years, sharia-based financial innovations have shown great potential in optimising the management of public funds. One of the latest innovations that has attracted attention is Sukuk Wakaf, especially in the context of its application through the Securities Crowdfunding platform. The National Sharia Council of the Indonesian Ulema Council (DSN-MUI) Fatwa No. 131 of 2019 on Sukuk Wakaf provides…

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  • BusinessDoes Mudharabah fit All Business Funding?

    Does Mudharabah fit All Business Funding?

    In the world of Islamic finance, Mudharabah is known as a contract where one party provides capital, and the other party offers expertise and manages the business. Profits generated are shared between the two parties based on an agreed ratio, while losses are borne entirely by the capital provider. While Mudharabah has its merits, especially in promoting ethical and fair…

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  • BusinessHow to Maximize Returns of Islamic Investments with Compound Growth

    Maximize Returns with Compound Growth 

    Islamic finance has gained considerable momentum over the past few decades, driven by the increasing awareness and demand for ethical and Sharia-compliant financial solutions. At its core, Islamic finance is based on the principles of equity, fairness, and avoidance of interest (riba). One of the most effective strategies for growing wealth in Islamic finance is through the application of compound…

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  • BusinessKhilafatul Ardh: Bridging Faith and Finance

    Khilafatul Ardh: Bridging Faith and Finance

    In an increasingly interconnected world, where faith and finance often seem to exist in separate realms, the concept of Khilafatul Ardh offers a compelling synthesis. This Islamic framework combines the spiritual principles of stewardship with modern economic practices, emphasizing the importance of ethical financial growth. By blending religious tenets with economic strategies, Khilafatul Ardh seeks to empower communities, ensuring both…

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  • BlogTypes of Mudharabah in Islamic Finance

    Types of Mudharabah in Islamic Finance

    Mudharabah is a pivotal concept in Islamic finance, representing a distinctive partnership structure. In this arrangement, one party, known as the shahibul maal, provides the capital, while the other party, referred to as the mudharib, contributes their expertise and effort to manage the business. The profits generated from this partnership are shared according to a predetermined ratio. Meanwhile, any losses…

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  • BusinessSCF Organizers as Representatives of Investors to Issuers 

    SCF Organizers as Representatives of Investors to Issuers 

    Securities Crowdfunding (SCF) has become an increasingly important alternative funding option, especially for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. This scheme allows issuers to raise funds from the public through digital platforms operated by SCF organizers. These organizers play a crucial role in protecting investors’ interests and ensuring that the investment process is conducted safely, fairly, and transparently.…

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  • BusinessIslamic Investment Education for Married Couples: Is It Important?

    Islamic Investment Education for Married Couples: Is It Important?

    Introduction In today’s challenging economic era, financial literacy has become increasingly important, especially for married couples. Islamic investment education is a key aspect of financial literacy that can help couples work together to achieve their long-term financial goals in accordance with Islamic principles. Islamic investments are not just about seeking profits but also about ensuring that every financial decision aligns…

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  • BusinessImport Financing by Securities Crowdfunding

    Import Financing by Securities Crowdfunding

    In the era of globalization, cross-border business transactions are becoming increasingly common, even for small and medium-sized enterprises (SMEs). One of the main activities in international trade is import, where goods or raw materials are purchased from abroad for use in production or resale in the domestic market. However, one of the biggest challenges faced by SMEs in conducting imports…

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