islamic finance
- Business
Does Islamic Financing Have to Be Cheap?
Following Shariah rules to the letter, Islamic finance is a substitute for traditional financial systems. Understanding that Shariah compliance puts adherence to Islamic laws ahead of cost considerations is crucial to answering the frequently asked question: Should Islamic financing be less expensive than conventional methods? Shariah’s core principle is compliance over cost Shariah places a strong emphasis on conducting financial…
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Grow Your Child’s Education Fund with These 5 Sharia Investments
The rising cost of education has become a challenge for many parents as they plan for their children’s future. Data from Indonesia’s Central Bureau of Statistics (BPS) shows that education cost inflation reached 2.38% compared to the previous year, highlighting the importance of sound financial planning. Therefore, setting up an education savings and investment plan for your child is crucial…
Read More » - Crowdfunding Syariah
How Malaysia Became a Leading Country in Islamic Finance
Malaysia has established itself as a global leader in Islamic finance. This success is not merely the result of a well-developed financial ecosystem, but also due to progressive regulations and innovative strategies that support the industry’s growth. Malaysia is not only advancing its Islamic financial sector but also using it as a tool for sustainable and inclusive economic growth. This…
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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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Islamic Finance and Halal Industry: Way to Islamic Society Supremacy
In an increasingly globalized world, Islamic finance and the halal industry stand as two complementary pillars in strengthening the economic power of the Muslim community. With a global Muslim population exceeding 1.8 billion, the demand for products and services that adhere to Shariah principles is on the rise. The collaboration between these two sectors not only drives inclusive and sustainable…
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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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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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Monetise Your Passion: 6 Business Hacks for Content Creators
The rapid advancement of digitalization has transformed the way people do business. In addition to traditional methods, individuals and businesses are now embracing digitalization for both promotion and product catalogues. This digitalization has given rise to new business opportunities, one of which is content creation. Content creators have emerged across various digital media, utilising text, images, videos, or a combination.…
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Manage Your Small Business Finances Easily: A Guide to Simple Bookkeeping
As an entrepreneur, you may already be adept at marketing strategies and branding that attract customers. However, do you know that mastering financial recording is equally important? While cash flow, capital, and balance sheets might sound unfamiliar if you’re focused on other areas, don’t worry! Learning basic accounting is not as complicated as it seems. Allah ﷻ also commands us…
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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