Islamic Economics
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Tawakkal in Islam: When Surrender Meets Hard Work
Tawakkul is a crucial concept in Islam, referring to the act of completely surrendering oneself to Allah Ta’ala after making the best possible effort. Tawakkul is often misunderstood as passive submission without any effort, but in Islam, it is about finding a balance between hard work and trust in Allah Ta’ala. This article explores the deeper meaning of tawakkul, its…
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It’s Never Too Late to Learn Islamic Knowledge
Learning about religion, particularly Islam, is a lifelong journey, one that knows no age restrictions. Regardless of one’s age or background, gaining knowledge in Islam is not only essential for understanding life but also for drawing closer to Allah and achieving success in both this world and the hereafter. Many prominent scholars in the history of Islam started their quest…
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Roles of Custodian Banks in Securities Crowdfunding
Securities crowdfunding (SCF) is a method of raising funds that allows small and medium-sized enterprises (SMEs) to receive financing from the general public through digital platforms. In this model, investors can provide capital to businesses or projects in exchange for equity or other financial instruments. Behind the scenes of SCF, custodian banks play a crucial role in ensuring the security,…
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Important! Equip Your Child’s Future with Early Investments
In today’s fast-paced world, teaching children about finance and investment from an early age is becoming increasingly crucial. By equipping them with the knowledge of how to manage money and invest wisely, we help them build a more secure and stable financial future. While many parents consider it essential to open savings accounts for their children, introducing them to the…
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Crowdfunding: Massive First Step Towards Endowment Fund
In recent years, crowdfunding has emerged as a popular method of raising funds from the public. It allows a large number of individuals to contribute small amounts of money to support a specific project or cause. Crowdfunding is not only used for startups or social initiatives but has also become a viable alternative for creating a sustainable endowment fund. Endowment…
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Massive Potentials of Istishna’ Contracts in Islamic Financing
The istishna’ contract is one of the Islamic financing instruments based on a sale and purchase agreement where the product or item being sold does not yet exist at the time of the contract and must be produced according to the buyer’s specifications. This financing solution is particularly useful for sectors such as construction, manufacturing, and projects that require custom-made…
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Involvement of the Halal Industry in the Stock Market
In recent decades, the halal industry has experienced significant growth, not only in the food consumption sector but also in various other sectors, including finance. In Indonesia, the halal industry has become an essential part of the economy, supported by the large Muslim population and the government’s commitment to developing the sharia economy. One key aspect of the sharia economy’s…
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The Commandment to Earn a Living and the Prohibition of Begging
In Islam, working to earn a living and avoiding begging are core principles emphasized in the Qur’an and Sunnah. Islam promotes hard work and prohibits begging unless under certain unavoidable circumstances. This article explores the command to seek livelihood and the prohibition of begging based on Qur’anic verses, hadiths, and Islamic teachings. Command to Seek Livelihood Islam highly values hard…
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Worship and Financial Freedom in Islam
Financial freedom and freedom of worship are two intertwined elements in a Muslim’s life, offering a balance between worldly responsibilities and spiritual obligations. In Islam, financial freedom is not merely about amassing wealth, but managing resources responsibly to meet one’s needs without neglecting religious duties. Conversely, freedom of worship allows a Muslim to perform religious obligations without the hindrance of…
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The Importance of Reviewing Your Business Contracts from a Shariah Perspective
In the realm of business, contracts or written agreements play a pivotal role in binding the relationship between the involved parties. Contracts serve to ensure clarity in agreements and to avoid potential disputes in the future. However, for Muslim entrepreneurs, it is essential to ensure that business contracts are not only legally sound but also compliant with Shariah principles. Shariah,…
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