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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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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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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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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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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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Business Partners Split? A Test of Syirkah Trust
Building a business with friends, relatives, or colleagues that you trust as business partners is like riding a boat together: if the oars are not in tune, the direction can be unstable. Especially if someone starts to be dishonest, the boat could sink, trust will be shattered, and the partnership will end. In fact, in Islam, partnership or partnership is…
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Smart Muslim Investors, Starting a Business with Knowledge
Many people are enthusiastic to start a business as investors. Especially if they find a business opportunity that seems halal, has a profit-sharing system, and has great profit potential. But unfortunately, not a few jump in without understanding the knowledge first. In fact, in Islam, investing without knowledge can be the beginning of disaster, not the beginning of blessings. As…
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Mountains of Gold Don’t Stop the Desire to Accumulate Wealth
Have you ever bought a new cellphone, but a week later you feel like upgrading it again? Or have you just received a work bonus, but your mind is already running to installments for a new car, vacations, or branded goods that weren’t that urgent before? That’s a small example of one big problem: the desire to accumulate wealth that…
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What is the View on Islam and Morals of Stockpiling?
Have you ever thought about why some people’s wealth continues to increase, while on the other hand there are those who have difficulty even eating? Or, why is Islam so “sensitive” when it comes to wealth being kept and not being used? Well, this is where it is important for us to talk about stockpiling meaning not only from an…
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3 Ways to Make Money That Islam Forbids
We live in an era where everything is fast and instant. It is no wonder that the enthusiasm to find ways to make money is increasing. More and more people are competing to find loopholes to get “maximum profit, minimal capital.” But in the midst of this euphoria, we rarely ask one important thing: “Is the wealth I earn halal?”…
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