Islamic Economics
-
Prophet Sulaiman عليه السلام The Grateful Rich King
Prophet Sulaiman عليه السلام is one of the numerous prophets mentioned in the Quran who combined great wealth, wisdom and power while remaining modest and appreciative of Allah ﷻ . Sulaiman عليه السلام utilized his blessings to serve not to brag in contrast to many rulers whose hearts were too preoccupied with comfort. His story offers a perfect example of faith-based…
Read More » -
Qarun: A Story of Arrogance and Wealth
Many peoples hearts have been tried by wealth throughout history. The story of Qarun (Korah) is one of the most blatant instances in the Quran of how wealth can corrupt the soul. Qarun who was once extremely wealthy during the time of Prophet Musa (Moses) عليه السلام became conceited and haughty owing to his wealth. His demise is an enduring…
Read More » -
The Concept of Sustenance and How It Is Perceived in Islam
Sustenance or rizq in Arabic is far more than just material wealth in Islam. It includes all that Allah ﷻ offers His creation such as opportunities, family, faith, health and knowledge. Every blessing every meal and every breath a person takes are all examples of rizq. Islam offers an expanded spiritual understanding of sustenance in contrast to the materialistic worldview that…
Read More » -
How to Earn Halal Income in Tough Times
People are frequently pushed to look for alternate sources of income when they are experiencing financial difficulties. However Muslim’s pursue income in order to uphold Islamic values as well as to ensure their financial survival. Financial stability and spiritual well-being are closely related to halal income which is obtained through morally and legally acceptable means. It is even more crucial…
Read More » -
Wealth Distribution: Lessons from Umar & Baitul Mal
“Ever wondered why some people live in crazy luxury while others struggle just to eat?” Just take a look around there are people who can swap cars every year, fly abroad whenever they want, and own properties here and there. On the other hand, there are neighbors struggling just to pay their kids’ school fees, or small vendors hustling every…
Read More » -
Business and Charity: Turning Wealth into Lasting Rewards
“Work, work, work! But why does it always end with me exhausted and broke?”Sounds familiar, right? A lot of us feel like work or running a business is just about surviving food on the table, bills paid, repeat. Nothing to do with reward, let alone paradise. But here’s the thing: that mindset is way off. In Islam, business, work, and…
Read More » -
Financial Planning, A Smart Way to Reap Rewards Early
Ever heard that you can actually get rewards just by… planning your finances? Yep, even before a single dollar’s spent, the rewards are already rolling in. Cool, right? Imagine: you are scribbling numbers on paper or an application. The money hasn’t arrived yet, not even a single rupiah has gone out but Allah ﷺ has given you a note of…
Read More » -
How to Build a Resilient Business in Hard Times
In the business world resilience is more than just survival. It is the capacity of an organization to change withstand setbacks and carry on in adding value in the face of adversity. Hard times put not only financial stability but also leadership culture and long-term strategy to the test whether they are brought on by global crises, economic downturns or…
Read More » -
Game of Attention in Islamic Perspective
Attention has become a commodity in today’s world. There is intense competition among social media platforms and entertainment channels to capture every moment of human attention. Human focus is exploited and manipulated in what many academics refer to as the attention economy which is brought about by this continual pull on the mind. In Islam, human attention is valued as…
Read More »
