business
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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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4 Business Tips Based on Rasulullah
Do you long for success in trading? Do you want to achieve blessed sustenance from your trading business? Based on the evidence that we have collected, here are some tips for trading ala Rasulullah that not only help us in seeking sustenance, but also teach noble values in business in order to achieve blessings at every step. Let’s look at…
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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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Is It Time to Resign for Your Business?
Leaving a stable job to start your own business is a major decision that shouldn’t be taken lightly. While the idea of having control over your own business can be exciting, it also comes with significant risks. Here are a few key considerations before deciding to resign and dive into full-time entrepreneurship. 1. Have a Solid Business Plan Before you…
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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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The Urgency of Writing a Good Business Proposal and How to Do It
In the business world, a proposal serves as a crucial document for communication between a company and external parties, such as investors, partners, or potential clients. A well-crafted business proposal can bridge the gap between potential projects and tangible results, laying the foundation for fruitful partnerships, investments, or collaborations. This article discusses why writing a good business proposal is essential,…
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Bombas Socks: How to Build a Billion-Dollar Business from Selling Socks
Who would have thought that socks, one of the most basic everyday products, could form the foundation of a billion-dollar company? Bombas Socks is proof that a simple product, when combined with innovation, superior quality, and a strong social mission, can achieve tremendous financial success. By integrating commercial success with social impact, Bombas has shown that doing good isn’t just…
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The Secret of Etiquette/Adab in Speech for Muslim Business Success!
What is Adab? Adab is an Arabic term that encompasses a broad range of meanings related to etiquette, manners, and moral conduct. In the context of Islamic teachings, adab can be understood as follows: Manners and Etiquette: Adab refers to the proper behavior, conduct, and manners that a Muslim should exhibit in various situations, whether in social interactions, religious practices,…
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Cost of Goods Sold (COGS): Important to Know Your Product Costs
Cost of Goods Sold (COGS) is a common term in accounting, especially in financial statements for businesses. COGS refers to the total cost incurred to produce goods or services sold by a company during a specific period. These costs include various elements directly contributing to the production of those goods or services. In this article, we will discuss the definition…
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