Business
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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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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,…
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PO Financing with Crowdfunding: Is It Possible?
PO Financing (Purchase Order Financing) is an increasingly popular financial solution among companies that want to fulfil customer orders without having to sacrifice their own working capital. Traditionally, PO financing is provided by banks or other financial institutions. However, with the development of technology and the emergence of alternative business models, crowdfunding is starting to be considered as one of…
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Why and When We Should Pursue Passive Income?
Passive income is increasingly becoming a focal point in personal finance discussions. Many individuals see it as a pathway to financial freedom, where they are no longer solely reliant on active work for income. Passive income can come from various sources, such as rental properties, royalties, dividends, and even digital businesses that operate on autopilot. Understanding when to start pursuing…
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Islamic Finance and Halal Industry: Way to Islamic Society Supremacy
In an increasingly globalized world, Islamic finance and the halal industry stand as two complementary pillars in strengthening the economic power of the Muslim community. With a global Muslim population exceeding 1.8 billion, the demand for products and services that adhere to Shariah principles is on the rise. The collaboration between these two sectors not only drives inclusive and sustainable…
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4 Mistakes Made by Startup Founders
Introduction Starting a startup is a journey filled with challenges and risks. Many startup founders begin with enthusiasm and innovative ideas, but not all succeed. Most failures are not due to a lack of potential or bad ideas but rather the mistakes made by the founders. These mistakes can significantly impact the growth of the startup, sometimes leading to its…
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The Importance of Maintaining Cash Reserves
Introduction In the business world, cash reserves are one of the most vital yet often overlooked elements. Many companies, whether large or small, face financial difficulties not because they cannot generate profit, but due to poor cash management. When cash flow is not properly managed, businesses can find themselves in undesirable situations, such as liquidity shortages, which could lead to…
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Importance of Investment for Business Owners
Introduction Investment is a fundamental part of sustainable and successful business management. For business owners, investment not only plays a role in wealth accumulation but also significantly contributes to the strengthening and expansion of the business. This expanded article delves into why investment is crucial for business owners, the different types of investments they can make, and strategies to maximize…
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The Sources of Income of Prophet Muhammad ﷺ
Prophet Muhammad Shallallahu Alaihi Wa Sallam, despite being a leader and having access to various sources of wealth, lived a life characterized by simplicity and humility. Here is a exploration of the main sources of his wealth. Trade: The Economic Foundation of the Prophet Prophet Muhammad Shallallahu Alaihi Wa Sallam began his career as a merchant at a very young…
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Growth vs. Profit: Which is More Important?
In the world of business, one of the most persistent debates is the balance between growth and profit. Companies often face the dilemma of choosing between rapidly expanding their market share and maximizing their profits. However, this binary thinking is a flawed approach. It is not necessary to sacrifice one for the other. Instead, businesses should aim to achieve healthy…
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