Islamic Economics
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Procrastination as a Reprehensible Trait in Islam and How to Avoid It
Despite being written off as a small habit procrastination can have negative consequences for ones spiritual and personal development. Procrastination is seen in Islam as a quality that can result in major losses and lost opportunities in this life as well as the next rather than just being a bad habit. This article examines the risks associated with procrastination the…
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Does Islamic Financing Have to Be Cheap?
Following Shariah rules to the letter, Islamic finance is a substitute for traditional financial systems. Understanding that Shariah compliance puts adherence to Islamic laws ahead of cost considerations is crucial to answering the frequently asked question: Should Islamic financing be less expensive than conventional methods? Shariah’s core principle is compliance over cost Shariah places a strong emphasis on conducting financial…
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Sukuk Invesment: What Sukuk is? Types, Benefits, Risks, and How to Start
In the global financial market sukuk also known as Islamic bonds have grown in popularity as an investment choice. These financial products provide investors with a moral substitute for traditional bonds since they adhere to Islamic principles. Both Muslim and non-Muslim investors looking for opportunities that fit with their values and offer a steady income stream are catered to by…
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The Distinction in Sharia Between Gambling and Business Risk
Ethical financial transactions in Islamic economics are based on the distinction between haram (prohibited) and halal (permissible) business practices. A crucial component of this distinction is being aware of the basic distinctions between gambling which is strictly forbidden by Sharia law and business risks such as those found in legal commercial endeavors. In order to analyze these distinctions this article…
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The Advantages of Islamic Human Capital Management for Business
Organizations are increasingly embracing models that combine moral values with operational effectiveness in the dynamic global business environment. One such approach is Islamic Human Capital Management (IHCM) which is ideally positioned to promote corporate success by coordinating human capital plans with Islamic principles. This article examines the ways in which IHCM helps companies especially in promoting ethical behavior productivity and…
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What to Do When Receiving a Pay Rise: How to Use it to Reach Financial Freedom
Receiving a pay rise marks a financial milestone of an employee’s life. However, a pay rise can also come with it’s own financial challenge and problem.Sometimes it’s very tempting to spend the additional money down the drain by celebrating, rising the lifestyle standard, or even get into debt. At the other side, this pay rise can also being used to…
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Why Crowdfunding is a Good Investment for Beginners
Investing is becoming an increasingly popular talking points in recent times, especially with increasing financial literations amongst people. However, for beginners, the world of investing can often seem intimidating and very risky. One of alternative solutions to overcome these challenges is crowdfunding. Crowdfunding offers easiness, practicality, and attractive return as value propositions on it’s investment making it an ideal investment option…
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What are Potential Side Hustles for College Students?
Commonly college students look for ways to supplement their income without sacrificing their academic performance. There are several reasons for doing this including covering living expenses tuition costs or simply saving money. Establishing a flexible side business is the best way to continue pursuing a college degree while developing entrepreneurial skills. Some possible side gigs that are especially appropriate for…
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Silver Investment: An Alternative to Gold
A common tactic to protect wealth from inflation and unstable economic conditions is to invest in precious metals. Although gold is frequently highlighted as the most desirable precious metal for investments silver is becoming a very attractive and unique substitute. Silver presents investors with intriguing prospects due to its low cost and rising industrial demand which reflects its inherent value.…
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The Urgency of Owning Cash-Generating Assets According to Robert Kiyosaki
Robert Kiyosaki, a billionaire and author of Rich Dad Poor Dad and a billionaire, frequently talks about the importance of working for assets rather than money. Assets that produce cash flow and increase in value can help people become financially independent and break free from reliance on their jobs in Kiyosaki views. This article will examine Kiyosaki’s definition of assets…
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