Muamalah Fiqh
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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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Uncovering Hidden Sins in the World of Product Marketing
Have you ever bought something because you were tempted by the advertisement, but it turned out to be a dud? Or maybe you yourself are selling, then think: “If we don’t promote it a little bit more, it’ll be hard to sell…” Especially now, buying and selling used goods in the marketplace is getting busier. Not a few claim that…
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Profit Sharing or Usury? Know the Difference from the Start
Have you ever heard someone say, “Relax, this is a sharia investment. The profit sharing system, not interest.” It sounds really sweet, like it’s definitely halal, safe, and blessed. But… wait a minute. Are all those who claim to “profit sharing” automatically free from usury? Not necessarily. Because in fact, there are so many investment practices that claim to be…
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Islamic Guidance During the Layoff Storm
Several industries around the world including Indonesia have experienced waves of layoffs in recent years. In addition to creating economic anxiety this phenomenon has impacted social and psychological stability. Islam as a comprehensive religion provides answers and direction for Muslims to weather the storm of layoffs with peace and hope during such uncertain times with these tips: Relying on Allah…
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How to Calculate and How to Pay Zakat on Gold as Investment?
One of the zakat that needs to be paid is on gold and silver. So, if these two precious metals havereached the nishab and haul (one year of ownership) then the owner is obliged to pay zakat. In thecontext of gold zakah, what is required is investment gold, not jewellery gold. Why is gold and silver subject to zakah? Islam…
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Riba and Trade: a Clear Separation
As the ideal religion Islam has provided explanations for every facet of human existence whether it has to do with worship or non-worship. Verse 3 of Surah Al-Maidah makes reference to this: “This day I have perfected for you your religion and completed My favor upon you and have approved for you Islam as your religion.” Financial transactions between individuals…
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Sukuk Invesment: What Sukuk is? Types, Benefits, Risks, and How to Start
In the global financial market sukuk also known as Islamic bonds have grown in popularity as an investment choice. These financial products provide investors with a moral substitute for traditional bonds since they adhere to Islamic principles. Both Muslim and non-Muslim investors looking for opportunities that fit with their values and offer a steady income stream are catered to by…
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Emotional Marketing: Using Feelings to Boost Your Brand
Emotional marketing uses emotional triggers to connect with consumers, fostering deep connections and building loyalty. Emotions often drive purchase decisions, and when brands create a genuine emotional response, consumers feel more engaged and inclined to return. Here are some key strategies in emotional marketing that help brands enhance customer engagement and loyalty: 1. Creating Urgency with FOMO Fear of Missing…
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Halal JasTip: A Shariah Guide
Personal shopper services, known as “jastip,” have become a convenient solution for people looking to purchase items from distant locations without having to travel themselves. However, it is essential to understand the terms and conditions, or contracts, involved in this business to ensure that transactions align with Islamic principles. This article will discuss how contracts in jastip work according to…
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Islamic Ruling on Mudharib (in Mudharabah) Taking Profits Before the Final Calculation
Mudharabah is a form of partnership in Islamic economic systems involving two main parties: the capital provider (shahibul maal) and the entrepreneur or manager (mudharib). The capital provider supplies the funds, while the mudharib manages the business using those funds. Profits are shared according to a pre-agreed ratio, while losses are borne by the shahibul maal, except when losses occur…
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