Many Muslims have a question about “can Muslims work at conventional banks?”. The fact that many Muslims work in a conventional bank makes them wonder if it is halal or haram. This article aims to give you some scholars’ views about Muslims working in a conventional bank. Can Muslims work in banks? It depends on […]
Can Muslims Work at Conventional Banks? 5 Answers you Want to Know Read More »
In this article, we will briefly discuss the 5 main differences between conventional banking and Islamic banking. Conventional banks earn their profit by charging interest for their services without sharing any risk with debtors. Meanwhile, Islamic banks share the risk with businesses and use equity participation systems to earn their profit. Equity participation means that
5 Things That Make Conventional Banking and Islamic Banking Different Read More »
Disclaimer: Please be advised that the information provided in this article is relevant as of the time of its composition. However, it is important to recognize that due to the periodic release of new financial reports on a quarterly basis, the status of the mentioned stocks may undergo changes. Therefore, readers are encouraged to exercise
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Islamic hire purchase is one of the alternatives that the Islamic bank’s customer may apply for vehicle financing. This product is based on the Al -Ijarah approach (leasing). The Islamic bank then transforms it into an Islamic hire purchase, generally known as Al-Ijarah Thumma Al-Bay (AITAB). Islamic banks may assist customers, whether individual or corporate,
3 Things about Vehicle Financing via Islamic Hire Purchase You Need to Know Read More »
Islamic Financial Institutions have their own importance in terms of the development of the whole industry. Despite the fact that Islamic financial institutions have a variety of forms, customers, and goals, they all have one thing in common. They must adhere to Islamic law. The following sorts of Islamic financial institutions serve Muslim and non-Muslim
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This article will discuss one of the popular halal investments among Muslims. Mutual funds are an excellent method to invest and diversify your portfolio by investing in a variety of securities. However, you want to know what they are, how to invest in them, and which ones are halal. Get Musaffa Premium Now Understanding The
What You Need to Know About Mutual Funds Read More »
Halal investment in Australia is one of the developing points. Despite the fact that Muslims make up barely 3% of Australia’s population, their numbers are expanding. Muslims are reshaping cultural touchstones to satisfy their ethical and cultural requirements. Though this applies to many aspects of life, traditional financial services are one of the hardest to
Halal Investment in Australia: The Best Opportunities for You Read More »
Reasons why you should avoid debt To avoid debt is one of the best financial strategies you can use. Being trapped in debt ties up your money, preventing you from doing everything you want with it. However, its consequences go far beyond money. Debt can have a negative impact on your work, health, and relationships
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The initiative of the establishment of the Islamic Finance industry in Indonesia began in 1990 by the Indonesian Council of Ulama (MUI). Bank Muamalat Indonesia is the first Islamic bank in Indonesia that was established in November 1991 and officially operated in May 1992. Indonesia is a latecomer to establish Islamic banks compared to other
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Socially Responsible Investment (SRI) has become very popular in recent years. Socially Responsible Investment (also known as a social investment) means investing money in companies and funds engaged in social justice, environmental sustainability, and clean technology efforts. Social investments have positive social impacts on the environment and the ethics of society. Socially Responsible Investments avoid
The New Way of Investing: Socially Responsible Investment (SRI) Read More »