Business
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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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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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Profit Sharing or Usury? Know the Difference from the Start
Have you ever heard someone say, “Relax, this is a sharia investment. The profit sharing system, not interest.” It sounds really sweet, like it’s definitely halal, safe, and blessed. But… wait a minute. Are all those who claim to “profit sharing” automatically free from usury? Not necessarily. Because in fact, there are so many investment practices that claim to be…
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Define Moral in Islam: Not Just Ethics
Have you ever thought about what the meaning of “morals” in Islam really is? Maybe the first thing that comes to mind when you hear the word morals is an attitude of patience, honesty, or friendliness towards others. Many people think that as long as we behave well and do not hurt others, we already have noble morals. But, are…
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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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