- Business
Ensuring Halal Investments: Indonesia’s Sharia Stock Screening
The Islamic capital market in Indonesia has experienced rapid growth in recent years. This expansion is driven by increasing public awareness of the importance of investing in accordance with Islamic Sharia principles. Shariah-compliant equity investment has become an attractive option for Muslim investors, offering the potential for halal profits that align with their religious values. However, to avoid riba (usury),…
Read More » - Islamic Economics
Building Your Emergency Fund: A Step-by-Step Guide
Emergency funds are savings that are prepared to deal with emergencies in the future. Emergencies can be unexpected events such as illness, accidents, or job loss. Building an emergency fund is an important part of financial management. Not preparing an emergency fund properly can put you at risk of getting into personal debt. This article will discuss the benefits of…
Read More » - Islamic Finance
Islamic New Year and Its Financial Wisdom
The Islamic New Year, also known as the Hijri New Year, marks the beginning of the Hijri calendar based on the migration (Hijrah) of Prophet Muhammad (Shallallahu Alaihi Wa Sallam) from Mecca to Medina. For Muslims, this moment is not merely a change of the year but a symbol of new beginnings and spiritual reflection. Beyond its spiritual significance, the…
Read More » - Islamic Economics
Musyarakah Contracts and Capital Guarantee: What You Need to Know
One of the Shariah-compliant cooperative contracts is the Musyarakah contract. This contract involves joint participation in business activities, including sharing profits and bearing losses. However, there are cases where one of the shariks, especially a large investor, asks for a capital guarantee from the business manager when investing in a business. Is this permissible in Shariah? The basic provisions regarding…
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Part-2: Islamic Private Equity: What contracts are Used
In the world of Islamic finance, private equity plays an important role as an investment instrument that offers potential profits through equity participation in companies that have not gone public. Islamic private equity operates under the principles of sharia in every transaction, including in the selection of contracts used. In the first part of the discussion, we discussed the contracts…
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Islamic Private Equity: What Contracts Are Used?
Islamic private equity operates under the principles of sharia in every transaction, including in the selection of the contracts used. These contracts not only ensure compliance with Islamic law and fulfil different financing needs, but also support the principles of fairness and profit sharing in the transaction. In Islamic finance, private equity plays an important role as an investment instrument that…
Read More » - Muslim Lifestyle
Understanding the Three Types of Manasiks Hajj
Hajj is the fifth pillar of Islam. Hajj is a complementary act of worship to the pillars of Islam for Muslims who can afford it based on the following hadith: بُنِيَ الْإِسْلَامُ عَلَى خَمْسٍ شَهَادَةِ أَنْ لَا إِلَهَ إِلَّا اللَّهُ وَأَنَّ مُحَمَّدًا رَسُولُ اللَّهِ وَإِقَامِ الصَّلَاةِ وَإِيتَاءِ الزَّكَاةِ وَالْحَجِ وَصَوْمِ رَمَضَانَ. Islam is built on five foundations: bearing witness that…
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Hajj: A Complete Act of Worship
Hajj is one of the fifth pillars of Islam and is a complete act of worship as it combines material, physical, and spiritual deeds in one act of worship. Dalil on Hajj can be found in the Quran and Hadith. In the Quran, Allah ﷻ says: وَأَتِمُّوا الْحَجَّ وَالْعُمْرَةَ لِلَّهِ ۚ فَإِنْ أُحْصِرْتُمْ فَمَا اسْتَيْسَرَ مِنَ الْهَدْيِ ۖ وَلَا تَحْلِقُوا…
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What are the differences between Securities Crowdfunding (SCF) and Stock Exchanges?
In Indonesia’s capital markets, there are two institutions that offer investment services: Securities Crowdfunding (SCF) and the Stock Exchange. Both play an important role in connecting securities issuers with investors. Let’s explore the differences between both. 1. Definition and Mechanism Securities Crowdfunding (SCF) Securities Crowdfunding (SCF) is an alternative financing scheme that allows issuers to sell their securities in the…
Read More » - Muslim Lifestyle
Ashura’ Fasting and Gratitude in Islam
Ashura’ fasting is a form of worship in Islam that has virtues and deep meaning for Muslims. Observed every 10th of Muharram, this fast has strong historical and spiritual roots. This article will discuss in detail the Ashura’ fast, its virtues, and how an attitude of gratitude is implemented in daily religious practice. History and Background of the Ashura’ Fast …
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