Islamic Economics
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How Crowdfunding Represents the Spirit of Gotong Royong
Crowdfunding is a fundraising method that involves contributions from a large number of people, usually through online platforms, to support a specific project or cause. In Indonesian culture, the concept of gotong royong, or mutual cooperation, is highly respected and upheld. This article discusses how crowdfunding, in both social and financial contexts, represents the spirit of gotong royong in Indonesia. …
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The Power of Knowledge: Achieving Success in This World and the Hereafter
Knowledge is one of the most important aspects of human life. In Islam, knowledge holds a very high status and is encouraged to be sought from cradle to grave. This article will discuss how knowledge can be the key to honor in both this world and the hereafter, as well as how we can practice and derive maximum benefit from…
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Islamic Inheritance Planning Principles and Strategies
Inheritance planning is a crucial aspect of a Muslim’s life, ensuring that one’s assets are distributed according to Sharia principles after death. In Islam, the distribution of inheritance is clearly outlined in the Quran and Hadith. This not only ensures justice and balance but also fulfills the goals of maqasid al-sharia, which include preserving religion, life, intellect, lineage, and wealth. …
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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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