Islamic Finance
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The Secret to a Simple Life, Which Can Make You Rich
Have you ever seen someone with billions in wealth, a fleet of cars, and a huge house, yet… it seems like they’re never satisfied? There’s always something missing, always wanting more. Ultimately, they tire of their lives, chasing endless desires. But there are also people whose lifestyles are ordinary, simple, and uncomplicated. Strangely, they actually seem calmer. Why? Because they…
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Job Opportunities and Investments: Multiple Income Sources
Have you ever felt tired of working all the time, but how come your savings never seem to increase? Or do you really want to start investing, but are really confused about where to start? Because if you only rely on your salary from one source, it’s really easy to run out. Especially if you don’t maintain your lifestyle, right?…
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Financial Management as the Key to Financial Success
We often ask ourselves, “How can we achieve financial success when the system around us is filled with usury and far from Sharia principles?” Indeed, it’s not easy. Reforming the system is a long-term journey. Yet, waiting for perfection before managing our own finances is not an option. There are personal obligations we cannot ignore—often, the ones closest to us…
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Having the Right Intention in Work According to Islam
In Islam, niyyah or the motivation behind our deeds is crucial. In the eyes of Allah ﷻ the primary factor determining the worth of any action is its purpose as the Prophet Muhammad ﷺ highlighted. This implies that if done for the correct reasons even something as commonplace as working to make a living can have significant spiritual significance. Work is…
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FIRE (Financial Independence, Retire Early) in Islamic Values
Gaining an Understanding of FIRE and It’s Significance Financial Independence and Early Retirement or FIRE is a movement that has gained popularity worldwide among professionals who want to break away from traditional work schedules. FIRE supporters strive to build up enough assets to cover living expenses by saving and investing heavily allowing them to retire well ahead of the conventional…
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The Importance of Having Multiple Sources of Income
Being isolated with one source of income is becoming more and more dangerous in the current economic environment. With only one paycheck maintaining financial security is more difficult due to inflation job instability economic shifts and unforeseen life events. As a result creating multiple revenue streams is now a necessity for financial survival and a means of achieving greater opportunities.…
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How to Avoid FOMO Spending
The psychological trigger known as FOMO or fear of missing out drives people to spend money in order to stay up with others trends or social expectations. Social media exacerbates this anxiety in the current digital era. People frequently make rash purchases in an attempt to feel included because they compare their lives to the carefully manicured highlight reels of…
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Pay Yourself First: The Urgency of Saving Before Spending
One idea that is particularly powerful and straightforward in the field of personal finance is “pay yourself first”. This strategy promotes putting money aside for savings as soon as you receive your paycheck—before you spend a dime. You save first and then live off of whats left over after expenses. It reverses the traditional budgeting approach and puts your financial…
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The Importance of Avoiding Consumer Debt
Consumer temptation is pervasive in todays world coming from social media advertisements, simple payment plans and a culture that values instant satisfaction. A lot of people have spending habits where their wants take precedence over their needs. One significant effect is the increase in consumer debt which is debt incurred to purchase goods or services that dont add value over…
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Building a Business: Don’t Confuse Test with Failure
Have you ever heard this phrase? “Maybe this is a test from God…” It usually comes up when a business is losing money, a project is failing, or a business is struggling. This statement isn’t wrong . But… if it’s used as a shield to avoid evaluation and improvement, it becomes a problem. We might end up covering our own…
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