The investment world can be complex, and for those looking to align their financial strategies with Islamic principles, the challenge can seem even more daunting. But fret not! The financial landscape is evolving, and 2023 brings a plethora of promising halal investment avenues that are not only Shariah-compliant but also offer competitive returns. Whether you’re …
In an era marked by rapid financial evolution and cultural diversity, the question of whether stock investing aligns with religious principles is of paramount significance. As the global economy continues to evolve, intertwining with intricate investment opportunities, one particular debate echoes across communities: Is stock investing halal or haram? Rooted in Islamic finance and ethics, …
Have you ever thought about how to Increase Barakah in your Wealth? As Muslims, acquiring wealth is allowed as long as we obtain it in the right way and not become our primary focus and forget about the afterlife. Building wealth should not lead to us becoming selfish, arrogant, or attempting to accumulate it illegally. …
As we have welcomed the holy month of Ramadan, the Musaffa team decided to share valuable tips for Ramadan. In the following, we will discuss how to stay hydrated during Ramadan. We will begin this guide by exploring some of the most common reasons why you need to avoid dehydration. How to Stay Hydrated During …
How to Stay Hydrated During Ramadan: Essential Tips for Muslims Read More »
To reach our financial dreams, we can’t rely just on our cash in the bank account. We know that our money in the bank will not be able to generate high profit. Besides, inflation will erode its value without us realizing it. Therefore, every financial planner always suggests their clients to have any financial instruments …
How to Do Business and Invest like Prophet Muhammad (PBUH) Read More »
If you want to learn more about popular investment trends for 2022, this article is for you. Looking back at 2021, everybody was preparing for the next economic boom and travels. It was because half of the worldwide population has been vaccinated. However, new variations of the virus, Delta and Omicron, are still causing to …
There are five types of collectibles that people are willing to pay more, and they may have solid returns in the future. In the following, we will introduce them one by one. However, first, let’s briefly look into what collectibles are. What are Collectibles? A collectible is any object that a collector considers valuable or …
5 Collectibles That People Are Willing to Pay More Read More »
Shariah provides some guidelines for the nature of the business, with a focus on religious values and social well-being. Following Islamic principles, Muslims can only deal with a company that operates in the accepted (halal) business. Muslims are prohibited from involving in businesses that directly or indirectly deal with riba and prohibited activities, such as …
There are 4 types of riba that happen in commercial transactions. Riba literally means excess, increase, augmentation, expansion, or growth. The excess could be coming from itself or an increase in an exchange or sale of ribawi items (gold, silver, dates, wheat, salt, and barley). Every Muslim should understand the issue of riba in daily …
What Are the 4 Different Types of Riba (Interest)? Read More »
Islam forbids the adoption of interest (riba)due to the negative consequences that come with it. There is a strong bond between interest and conventional finance. Interest is the most important component of traditional finance. However, Islamic banking and finance must follow Syariah principles guided by Islamic law, which prohibit the use of interest (riba) in …
The Concept of Riba and 3 Main Consequences of Riba From Islamic Perspective Read More »