Islamic Finance
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Gross Monthly Salary Allocation for Sharia Investment
“I’ve been working every month, my gross monthly salary is decent, but why haven’t I been able to start investing?” Well, if you’ve ever felt that way, you’re not alone. Many people think that as long as there is a steady gross monthly salary, it means it’s safe to invest. In fact, in Islam, managing finances before investing can be…
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How to Save Money When Your Salary Is Tight
“How to save money when your salary is tight?” This sentence sounds very familiar to our ears. When income is limited, saving often feels like a dream. But actually, the problem is not the size of the income, but rather the way we save and the financial management that we carry out. In Islam, blessings are not always identical to…
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4 Steps for Financial Management when Finances Not Stable
Have you ever felt like your money always runs out quickly? It’s just the beginning of the month, but your wallet is already thin. Salary comes in, then it goes out immediately. It feels like you haven’t even breathed a sigh of relief, needs keep coming. Even though it doesn’t mean that we are wasteful, it’s just that, finances are…
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Investing for Passive Income? Here Little Known Facts
You must have heard the term passive income, right? Even many Muslims now use this term to describe income that flows without having to work hard continuously. But, what exactly does passive income mean? Is this concept really in accordance with Islam? So, what does it have to do with investment? Is investment a passive income? Or is it different?…
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The Urgency of Emergency Fund Before Investing
In the field of personal finance, the fundamental need of setting up an emergency fund is frequently eclipsed by the appeal of investing. Even though investments have the potential to generate large returns they are not always risk-free and do not provide the immediate response needed in unexpected financial emergencies. Thus making an emergency fund a top priority is not…
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Islamic Estate Planning: What Is That and How to Do It?
Planning an Islamic estate is a religious obligation rather than merely a financial one. Islam views prudent wealth management and proper posthumous distribution as a sign of adherence to divine law and empathy for ones family and community. According to Sahih al-Bukhari the Prophet Muhammad (ﷺ) stated: “It is the duty of a Muslim who has anything to bequeath not…
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A Muslim’s Attitude in the Disruptive Era
Rapid changes in every area including education society the economy and technology characterize the disruptive era. These shifts require a Muslim to maintain a strong commitment to Islamic values while adopting a flexible productive mindset. Increasing Piety and Faith A Muslim must first be spiritually intelligent. Muslims need to strengthen their faith and piety in the face of digital temptations…
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Check Again! Is your Debt a Blessing or a Curse?
Many people believe that debt is an essential component of contemporary life. We can accomplish goals that might otherwise be unattainable by borrowing money whether it be through business financing, credit cards, mortgages or student loans. But at what point does beneficial debt become a financial trap?The Quran forbids reckless borrowing and extravagant spending. As the evidence Surah Al-Isra verse…
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Business Partners Split? A Test of Syirkah Trust
Building a business with friends, relatives, or colleagues that you trust as business partners is like riding a boat together: if the oars are not in tune, the direction can be unstable. Especially if someone starts to be dishonest, the boat could sink, trust will be shattered, and the partnership will end. In fact, in Islam, partnership or partnership is…
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Smart Muslim Investors, Starting a Business with Knowledge
Many people are enthusiastic to start a business as investors. Especially if they find a business opportunity that seems halal, has a profit-sharing system, and has great profit potential. But unfortunately, not a few jump in without understanding the knowledge first. In fact, in Islam, investing without knowledge can be the beginning of disaster, not the beginning of blessings. As…
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