Devin Halim Wijaya

Master student in IIUM (Institute of islamic Banking and Finance) | Noor-Ummatic Scholarship Awardee
  • Islamic EconomicsThe Urgency of Islamic Insurance in Financial Planning

    The Urgency of Islamic Insurance in Financial Planning

    Now more than ever prudent financial planning is essential in a world full of uncertainties including natural disasters, health crises and economic fluctuations. Financial instruments used in financial plannings must be in line with shariah principles for Muslims who aspire to live by Islamic principles. Takaful or Islamic insurance is a substantial part of Islamic financial planning. It is a…

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  • BlogThe Urgency of Emergency Fund Before Investing

    The Urgency of Emergency Fund Before Investing

    In the field of personal finance, the fundamental need of setting up an emergency fund is frequently eclipsed by the appeal of investing. Even though investments have the potential to generate large returns they are not always risk-free and do not provide the immediate response needed in unexpected financial emergencies. Thus making an emergency fund a top priority is not…

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  • BlogIslamic Estate Planning: What Is That and How to Do It?

    Islamic Estate Planning: What Is That and How to Do It?

    Planning an Islamic estate is a religious obligation rather than merely a financial one. Islam views prudent wealth management and proper posthumous distribution as a sign of adherence to divine law and empathy for ones family and community. According to Sahih al-Bukhari the Prophet Muhammad (ﷺ) stated: “It is the duty of a Muslim who has anything to bequeath not…

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  • BlogTrading vs. Investing? Which is Better?

    Trading vs. Investing? Which is Better?

    Investing and trading are two popular methods for accumulating wealth in the field of personal finance. Despite the fact that they both entail purchasing and disposing of assets in an effort to turn a profit, their approaches timelines and fundamental ideologies differ greatly. The best course of action is determined by ones time commitment risk tolerance and financial objectives. Making…

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  • BlogHalal Wealth and Salvation in the World and the Hereafter

    Halal Wealth and Salvation in the World and the Hereafter

    In life, human beings are inseparable from the need for wealth. However, in Islam, wealth is not merely a means to meet worldly needs; it is a test and a trust for which every person will be held accountable. It is essential for every Muslim to ensure that their earnings come from halal sources, so that their life is blessed…

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  • BlogA Muslim's Attitude in the Disruptive Era

    A Muslim’s Attitude in the Disruptive Era

    Rapid changes in every area including education society the economy and technology characterize the disruptive era. These shifts require a Muslim to maintain a strong commitment to Islamic values while adopting a flexible productive mindset. Increasing Piety and Faith A Muslim must first be spiritually intelligent. Muslims need to strengthen their faith and piety in the face of digital temptations…

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  • Muslim LifestyleThe Relationship Between Akhlaq and Faith in Islam

    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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  • CryptoThe Urgency of Frugal Living in Islam

    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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  • BlogCheck Again! Is Your Debt a Blessing or a Curse?

    Check Again! Is your Debt a Blessing or a Curse?

    Many people believe that debt is an essential component of contemporary life. We can accomplish goals that might otherwise be unattainable by borrowing money whether it be through business financing, credit cards, mortgages or student loans. But at what point does beneficial debt become a financial trap?The Quran forbids reckless borrowing and extravagant spending. As the evidence Surah Al-Isra verse…

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  • BlogHow to Avoid FOMO in Investment

    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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