islamic economics
- Business
Crowdfunding: Massive First Step Towards Endowment Fund
In recent years, crowdfunding has emerged as a popular method of raising funds from the public. It allows a large number of individuals to contribute small amounts of money to support a specific project or cause. Crowdfunding is not only used for startups or social initiatives but has also become a viable alternative for creating a sustainable endowment fund. Endowment…
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Finance Your Fashion Business with Crowdfunding
The fashion industry is one of the most dynamic and ever-evolving sectors, requiring significant capital investment for everything from production to marketing. For new fashion entrepreneurs, one of the biggest challenges is how to secure funding without compromising the future of their business. Traditionally, entrepreneurs have relied on bank loans or individual investors, but an increasingly popular alternative is crowdfunding.…
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Why and When We Should Pursue Passive Income?
Passive income is increasingly becoming a focal point in personal finance discussions. Many individuals see it as a pathway to financial freedom, where they are no longer solely reliant on active work for income. Passive income can come from various sources, such as rental properties, royalties, dividends, and even digital businesses that operate on autopilot. Understanding when to start pursuing…
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Social Justice in Islamic Social Finance
Introduction Social justice is one of the key principles upheld in Indonesia’s state ideology, as reflected in the fifth principle of Pancasila: “Social Justice for All Indonesian People.” This principle is not only relevant in the context of governance and public policy but also manifests in various aspects of societal life, including Islamic social finance practices. Islam, as a comprehensive…
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Concept of Wakaf Sukuk in Islamic Economics
Waqf is a crucial pillar in the Islamic economic system that serves as a social instrument for wealth and welfare distribution. Traditionally, waqf has been used in Muslim societies to support various social projects such as building mosques, schools, and hospitals. However, as times have progressed, the concept of waqf can now be applied in various forms, one of which…
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Does Mudharabah fit All Business Funding?
In the world of Islamic finance, Mudharabah is known as a contract where one party provides capital, and the other party offers expertise and manages the business. Profits generated are shared between the two parties based on an agreed ratio, while losses are borne entirely by the capital provider. While Mudharabah has its merits, especially in promoting ethical and fair…
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Maximize Returns with Compound Growth
Islamic finance has gained considerable momentum over the past few decades, driven by the increasing awareness and demand for ethical and Sharia-compliant financial solutions. At its core, Islamic finance is based on the principles of equity, fairness, and avoidance of interest (riba). One of the most effective strategies for growing wealth in Islamic finance is through the application of compound…
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The Value of Humility in Crowdfunding
Crowdfunding is a concept that has gained popularity in the digital era, allowing individuals or groups to raise funds from many people to support their projects or initiatives. Crowdfunding is not just about money; it is also about building a community, increasing visibility, and, most importantly, demonstrating the value of humility. This article will explore how crowdfunding reflects humility and…
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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Deferred Payment Gold Sales According to DSN-MUI and AAOIFI Rulings
Gold trading has been a subject of debate among Islamic scholars due to its association with strict Shariah principles on riba (usury) and gharar (uncertainty). In this context, the National Sharia Council of the Indonesian Ulama Council (DSN-MUI) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) have issued guidelines and fatwas on non-cash gold trading. In this…
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