Islamic Economics
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The Importance of Investment Education for Kids
Investment education for children is becoming increasingly important in this modern era. With increased access to information and technology, children have the opportunity to learn about various aspects of finance at an early age. Investment education not only helps children understand basic financial concepts, but also prepares them to face financial challenges in the future. The goal of investment education…
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Monetise Your Passion: 6 Business Hacks for Content Creators
The rapid advancement of digitalization has transformed the way people do business. In addition to traditional methods, individuals and businesses are now embracing digitalization for both promotion and product catalogues. This digitalization has given rise to new business opportunities, one of which is content creation. Content creators have emerged across various digital media, utilising text, images, videos, or a combination.…
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Manage Your Small Business Finances Easily: A Guide to Simple Bookkeeping
As an entrepreneur, you may already be adept at marketing strategies and branding that attract customers. However, do you know that mastering financial recording is equally important? While cash flow, capital, and balance sheets might sound unfamiliar if you’re focused on other areas, don’t worry! Learning basic accounting is not as complicated as it seems. Allah ﷻ also commands us…
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7 Principles of Transparency for Islamic Family Financial Planning
Managing family finances is a significant responsibility that requires good planning and execution. In this context, transparency is a key to ensuring that all family members can actively participate and understand their financial situation. Here are some important aspects of designing family finances with an emphasis on transparency. 1. The Importance of Transparency in Family Financial Management Transparency in family…
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Islamic Crowdfunding-Based Property Financing: Concepts, Contracts, and Existing Examples
Islamic crowdfunding-based property financing is a mechanism that gathers funds from various investors to finance property projects while adhering to Sharia principles. This method has gained popularity as it offers an ethical and community-based financing alternative that aligns with Islamic values. In the context of modern economics, Sharia-compliant financing plays a crucial role in providing access to capital for individuals…
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Can Sukuk Become a Crypto?
Sukuk, often referred to as Islamic bonds, are financial instruments that comply with Sharia principles. On the other hand, crypto refers to digital currencies operating on decentralised blockchain technology. This article explores whether sukuk can be integrated with cryptographic technology to create a new financial instrument. Definition and Characteristics of Sukuk Sukuk are securities representing ownership in an asset or…
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Islamic Crowdfunding-Based Agrarian Financing: Concept, Akad, and Benefits
Islamic crowdfunding-based agrarian financing is an innovative solution that combines modern technology with sharia principles to support the agricultural sector. This system provides an opportunity for farmers to obtain funds without having to go through traditional financial institutions. This article aims to educate the public and farmers about the basic concepts, types of contracts used, and real examples of the…
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Understanding Corporate Zakat: Insights from the MUI Fatwa Commission
Zakat is one of the five pillars of Islam and has an important role in wealth distribution and poverty alleviation. At the Ijtima of the VII MUI Fatwa Commission in 2021, one of the main discussions was about the obligation of zakat on corporate wealth. This article will review the concept of corporate zakat according to the results of the…
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Corporate Zakat According to AAOIFI
Zakat is one of the five pillars of Islam, mandatory for Muslims who are financially able. Not only individuals, but companies are also obliged to pay zakat if certain conditions are met. AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) has established standards for calculating and paying corporate zakat. This article will explain how corporate zakat is calculated according…
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Deferred Payment Gold Sales According to DSN-MUI and AAOIFI Rulings
Gold trading has been a subject of debate among Islamic scholars due to its association with strict Shariah principles on riba (usury) and gharar (uncertainty). In this context, the National Sharia Council of the Indonesian Ulama Council (DSN-MUI) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) have issued guidelines and fatwas on non-cash gold trading. In this…
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