Business
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Managing and Avoid Gharar and Maisir in Sharia Investment
Have you ever thought, “I have to start investing, but I’m scared too? Financial risks make me nervous.” It’s very natural. Especially if we want to invest in halal and sharia-compliant investments. We definitely don’t want to get caught up in things that are prohibited, such as gharar (excessive uncertainty) or maisir (gambling). Well, fortunately Islam has provided clear guidelines…
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Gross Monthly Salary Allocation for Sharia Investment
“I’ve been working every month, my gross monthly salary is decent, but why haven’t I been able to start investing?” Well, if you’ve ever felt that way, you’re not alone. Many people think that as long as there is a steady gross monthly salary, it means it’s safe to invest. In fact, in Islam, managing finances before investing can be…
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Investing for Beginners: Don’t Rush, Understand First
Lately, the term “investment” has been heard more and more in various conversations. Some people start small businesses with friends, while others buy simple properties or try businesses with a joint venture system. On social media, we are presented with various success stories: “Alhamdulillah, the second business is already running,” or “First profit from a side business.” However, unfortunately, what…
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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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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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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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