Islamic Finance
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Zakat: Is It Better to Distribute It Yourself or Through an Organization?
Every muslim who satisfies the requirements must pay zakat as one of the tenets of Islam. The Quran says: “Take alms(Zakat) from their wealth to purify and cleanse them and pray for them. Indeed, your prayer is a source of comfort for them. And Allah is All-Hearing, All-Knowing.” (Surah At-Tawbah: 103) But to do this deed, muslims must decide whether to…
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Smart Money Management Tips For Homemakers
As a homemaker, you play an important role in shaping your family’s financial well-being. Your influence extends to budgeting, saving and money management, and you can make a significant impact on your family’s finances. Managing a household budget effectively is crucial for maintaining financial stability and achieving financial goals. So, here are some quick money management tips specifically curated for…
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Investment Tips and Tricks for Employees
Employees can gain from strategic investment practices in their quest for growth and financial stability. Qur’an mentioned urgencies of prudent financial management: And those who, when they spend, are neither extravagant nor miserly, but hold a medium (way) between those (extremes)” (Quran 25:67) And these lessons will show tips and tricks to invest as an employee as a part of…
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The Urgency of Transparency in Crowdfunding
A vital source of funding for a variety of initiatives from social causes to business endeavors is crowdfunding. In order to collect money from a wide range of people this model relies on contributors and fundraisers having mutual trust. But without transparency trust cannot be maintained which is why it is essential to the crowdfunding ecosystem. Transparency reduces the risks…
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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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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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The Role of Sustenance and Wealth in Da’wah
A Muslims life is greatly impacted by sustenance or rizq as it is known in Islamic terminology. It includes all of the things that Allah has given us such as money health wisdom and spiritual favors. The Islamic practice of dawah or calling others to Islam is intricately linked to the idea of sustenance. The success and efficacy of da’wah…
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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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