saving
- Islamic Economics
Pay Yourself First: The Urgency of Saving Before Spending
One idea that is particularly powerful and straightforward in the field of personal finance is “pay yourself first”. This strategy promotes putting money aside for savings as soon as you receive your paycheck—before you spend a dime. You save first and then live off of whats left over after expenses. It reverses the traditional budgeting approach and puts your financial…
Read More » -
Financial Goals for Giving, Not Hoarding
Let’s sit down for a moment, calm our minds, then ask ourselves: “What am I actually chasing money for?” Most of us would answer, “To be calm. To be stable. So as not to bother anyone later.” That’s not wrong. That’s a good intention. But… what if it turns out that wealth is not just for hoarding or enjoying alone?…
Read More » - Crowdfunding Syariah
Tips Saving and Investing for Hajj Fund
Hajj, the fifth pillar of Islam, is a mandatory duty for every Muslim who is physically, mentally, and financially capable. Undertaking this spiritual journey is not only about fulfilling Allah’s ﷻ command but also symbolizes a significant spiritual accomplishment that requires thorough preparation. However, due to the considerable and ever-increasing costs, preparing your finances is crucial to realizing the dream…
Read More » - Muslim Lifestyle
Islamic Perspective on Saving: Between Virtue and Excess
Saving money is a common practice in daily life, viewed in Islam as a means of ensuring financial security and fulfilling one’s responsibility in managing wealth. However, Islam draws a clear distinction between virtuous saving and the condemned practice of hoarding wealth. This article will explore how saving is perceived in Islam, highlighting when it is considered praiseworthy and when…
Read More »