financial planning
- Blog
Financial Planning, A Smart Way to Reap Rewards Early
Ever heard that you can actually get rewards just by… planning your finances? Yep, even before a single dollar’s spent, the rewards are already rolling in. Cool, right? Imagine: you are scribbling numbers on paper or an application. The money hasn’t arrived yet, not even a single rupiah has gone out but Allah ﷺ has given you a note of…
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Financial Planning in Times of Crisis
Financial stability frequently suffers first when economic storms like recessions, market crashes or pandemics strike. Financial planning becomes not only helpful but also crucial during these uncertain times. During a crisis proactive well-thought-out financial choices can make the difference between survival and success. The Necessity of Financial Planning Tailored to a Crisis Institutional and individual resilience are put to the…
Read More » - Islamic Economics
The Urgency of Islamic Insurance in Financial Planning
Now more than ever prudent financial planning is essential in a world full of uncertainties including natural disasters, health crises and economic fluctuations. Financial instruments used in financial plannings must be in line with shariah principles for Muslims who aspire to live by Islamic principles. Takaful or Islamic insurance is a substantial part of Islamic financial planning. It is a…
Read More » - Islamic Economics
7 Principles of Transparency for Islamic Family Financial Planning
Managing family finances is a significant responsibility that requires good planning and execution. In this context, transparency is a key to ensuring that all family members can actively participate and understand their financial situation. Here are some important aspects of designing family finances with an emphasis on transparency. 1. The Importance of Transparency in Family Financial Management Transparency in family…
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