islamic finance
- Islamic Finance
The Meaning of Eid al-Fitr in Making Financial Hijrah
The Meaning of Eid Al-Fitr and Its Link to Financial Hijrah Eid al-Fitr is a much-awaited moment for Muslims after the blessed holy month of Ramadan. More than just a celebration, Eid has a deep meaning that is not only limited to spiritual aspects, but also to social aspects, including in terms of finance. For many Muslims, Eid al-Fitr is…
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The Urgency of Maintaining the Spirit of Worship Until the End of Ramadan
Ramadan is a month full of blessings and forgiveness. In this month, Muslims fast, recite the Quran, strengthen friendship, and increase other good deeds. However, sometimes the spirit of worship in the middle or end of Ramadan often decreases. This article will discuss the importance of maintaining the spirit of worship until the end of Ramadan and how to do…
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Understanding the Different Types and Restrictions of Waqf Property
Classifying Waqf Property While the Prophet Muhammad (PBUH) did not establish a formal classification system for waqf during his lifetime. However, the various schools of fiqh classified it later differently. This article will explore two main categories: beneficiaries (al-mawquf ‘alaihim) and the endowed property itself (al-mauquf). By Beneficiaries (al-Mawquf ‘Alaihim) Under this category, waqf can be divided into three types:…
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Creating a Waqf: Essential Conditions You Need to Know
In Arabic, the terms ‘waqf’ (plural ‘awqaf’) and ‘habs’ (plural ‘ahbas’) are verbal nouns and infinitives. Both words signify ‘to stop, to prevent, to restrain,’ a concept known as ‘al-habs wa al-man.’ However, while the English translation of ‘waqf’ is often understood as a religious endowment, it may not fully capture the depth of devotion and grace associated with the…
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Guide to I’tikaf in the Month of Ramadan: Seclusion in Obedience
The month of Ramadan is a special time for Muslims around the world. Besides being a month of fasting, Ramadan is also known for special acts of worship such as i’tikaf. I’tikaf is a spiritual tradition involving seclusion in the mosque to focus on worship and self-reflection. In this article, we will discuss a complete guide to performing i’tikaf effectively…
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Akhlaq Lessons from Ramadan Fasting
Ramadan fasting is one of the pillars of Islam that is required for Muslims who have reached puberty and are of sound mind. During this holy month, Muslims refrain from eating, drinking, and marital relations from dawn to sunset. However, besides the obligation to refrain from these things, Ramadan fasting also teaches many moral and akhlaq lessons that can be…
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