Halal Lifestyle

7 Best Halal Investment Ideas for 2023

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 …

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Is Stock Investing Halal for Muslims?

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, …

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How to Stay Hydrated During Ramadan: Essential Tips for Muslims

How to Stay Hydrated During Ramadan

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 …

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How to Do Business and Invest like Prophet Muhammad (PBUH)

How to Do Business and Invest like Prophet Muhammad

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 …

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5 Collectibles That People Are Willing to Pay More

5 Collectibles You May Be Interested to Invest

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 …

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Know These 9 Industries that Muslims Must Avoid

9 Industries That Muslims Must Avoid!

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 …

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What Are the 4 Different Types of Riba (Interest)?

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 …

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The Concept of Riba and 3 Main Consequences of Riba From Islamic Perspective

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 …

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