Patience is a mental anchor that determines ones success or failure in the world of investing not just a tactic. Patience has two qualities for a Muslim investor: it protects against market swings and reflects Islamic morality and faith. One of the fundamental virtues of Islam praised by Allah ﷻ and the Prophet Muhammad ﷺ is patience (sabr) which is closely associated with success in this life as well as the next.
The Islamic View of Patience
In Islam there are three main components to patience. The first is obedience to Allah ﷻ with patience which entails continuously carrying out His directives in spite of difficulties and sins. The second quality is patience in avoiding sins or the capacity to refrain from forbidden behavior even in the face of intense temptation or opportunity. Third maintaining patience in the face of adversity entails embracing lifes challenges with composure delaying complaining and continuing to believe that every adversity has a solution. As demonstrated by these three forms of patience exercising patience is an active and conscious strategy for living a balanced life. Allah ﷻ stated in The Quran:
“And give glad tidings to those who are patient” (Qur’an, Al-Baqarah: 155).
According to this verse those who exhibit patience not only gain spiritual benefits but also experience blessings and victories.
Also read:Net Present Value: Important to Know The Impact of Time on Your Investment Value
The Value of Patience in Investing
When it comes to investing, patience is essential. For instance there are frequently ups and downs in stock markets. Investors who are impatient often panic when prices drop and feel pressured to sell at a loss. Short-term fluctuations however are common. A patient Muslim investor knows that results take time to manifest. They invest develop a sensible plan and then wait with trust and careful consideration. Investing for the long term enables assets to grow as best they can. For example using the power of compounding an IDR 5 million monthly investment in Sharia-compliant stocks with an average annual return of 10% could increase to more than IDR 3.6 billion over the course of 20 years. But only if the investor maintains patience and fights the impulse to sell or withdraw when the market is weak will this be possible.
Also read:Islamic Green Investment: When Islamic Investment Meets Environmental Values
Steer Clear of Emotional Choices
Additionally investors who are patient avoid making rash decisions. In the realm of investing fear and greed are the two most perilous emotions. Fear causes investors to sell at a loss when markets decline. They are tempted to purchase at inflated prices when markets rise out of greed. Losses may come from either course of action. A patient investor ignores short-term emotions and market rumors in favor of sticking to their long-term plan. Investors who are successful typically have resilient mindsets and refrain from looking for quick fixes. They know that when it comes to investing time is an ally rather than an enemy.
Also read:Sharia Compliant Investments for Beginners
Patience and Faith in Allah ﷻ(Tawakkul)
In Islam, tawakkul or relying on Allah ﷻ after giving it ones all is closely related to patience. After doing research and selecting halal and promising investment instruments, a patient Muslim investor lets Allah ﷻ decide the outcome. They believe in divine will rather than putting all their faith in technical analysis or professional opinions. They express gratitude if they make money. They maintain their composure and view setbacks as teaching opportunities. This mindset is essential because investing isnt always easy. Failures can happen to even the most astute investors. But a Muslim who practices patience and tawakkul stays out of stress and despair.
In Conclusion
Being patient is a crucial quality that every Muslim investor ought to have. It is not only a way to practice faith but also a tool for risk management and discipline. Consistency is promoted rash decisions are avoided and the conviction that sustenance originates from Allah ﷻ rather than merely human calculation is reinforced by patience. A Muslim investor can attain the best possible worldly success without sacrificing Islamic principles by combining patience and tawakkul.
Let’s Visit, Zeed and join for halal investment with Zeed.
Also read:Silver Investment: An Alternative to Gold
Referensi
Business Angel Institute. (2024). Why Patience in Investing is Your Key to Long-Term Success. Diakses dari https://businessangelinstitute.org/blog/2024/09/05/patience-in-investing-key-to-success/
Islami Dawah Center. (2024). Importance of Patience in Islam. Diakses dari https://islamidawahcenter.com/importance-of-patience-in-islam/
Muslim.or.id. (2021). Pentingnya Sabar. Diakses dari https://muslim.or.id/66285-pentingnya-sabar.html
Syariah Saham. (n.d.). Sabar: 6 Kunci Utama dalam Berinvestasi Saham. Diakses dari https://syariahsaham.id/sabar-6-kunci-utama-dalam-berinvestasi-saham/
