Islamic Finance
-
The Economic Policies of Umar bin Abdul Aziz
Umar bin Abdul Aziz, the eighth caliph of the Umayyad Dynasty, is widely recognized for his wisdom in managing the economy and governance. Although his reign was brief, from 717 to 720 CE, it became a key example of how just, Sharia-based economic policies can profoundly impact societal welfare. Umar bin Abdul Aziz is often seen as a prototype of…
Read More » -
How Abdul Malik bin Marwan Shaped Early Islamic Economic Policies?
Abdul Malik bin Marwan, one of the most significant caliphs of the Umayyad Dynasty (685-705 CE), is renowned for implementing extensive changes in political, social, and especially economic spheres. It was during his reign that early translation activities began, translating texts from Persia, and continued with expeditions to various countries under the governance of Khalid bin Yazid. His tenure was…
Read More » -
The Urgency of Studying Islamic Economic Thought
Studying the history of Islamic economic thought is more than just reminiscing about the past. By understanding how Muslim scholars once constructed robust economic systems, we can draw inspiration to develop a more effective Islamic economy today. History teaches us that Islam offers solutions to a wide range of economic problems, and we can leverage these to address contemporary economic…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »