muslim lifestyle
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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 » - 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 is The Ruling on Stocks in Islam, Which Includes Halal and Haram Assets?
Investing in stocks has become a popular way to grow one’s wealth. However, for Muslims, it is important to understand the Islamic rulings on investing in stocks, especially when there is a mixture of halal and haram wealth involved. This article aims to explain the ruling on investing in stocks according to Islam, presenting the different scholarly opinions as well…
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How Islamic Securities Crowdfunding (SCF) Contributes to Environmental, Social, and Governance (ESG)
Islamic Securities Crowdfunding (SCF) is an innovative funding model that allows individuals and companies to invest in business projects through the offering of shares or bonds in accordance with Shariah principles. These principles prohibit riba, gharar, and haram business activities, creating an ethical and sustainable investment system. In addition to promoting business ethics, Islamic SCF also has the potential to…
Read More » - Islamic Economics
Investment as a Shar’i Way to Reduce Zakat, How is it Related?
Investing involves allocating money or assets held by individuals or groups with the goal of growing their wealth over time. This can be done through various investment options like stocks, bonds, real estate, or commodities. The purpose of investment is to obtain a return on assets with a higher value in the future. Investment itself is a way for a…
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Unlocking Sustenance: A Powerful Dua’ in Islam
Sustenance is a gift from Allah ﷻ bestowed upon all His creatures. In seeking sustenance, Muslims are taught to strive and pray. Therefore, a Muslim may need to know how to pray a dua’ in Islam. Here are some dua’ for opening the doors of sustenance as taught in Islam: 1. Dua’ for Abundant and Blessed Sustenance Therefore, we can…
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The Ruling on Selling the Skins of Qurban
In performing qurban, Muslims are faced with many questions about the rulings and procedures of its implementation. One of the most common questions is ‘is it permissible to sell the skin of the qurban animals?’. This question arises from the fact that the skin is one of the parts of the qurban that is difficult to process and not desirable…
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How Mudharabah Akad Works in Sukuk Issuance
The Islamic capital market is one of the innovations in the field of Islamic finance that presents Islamic contracts and values in capital practices and transactions in the capital market. One of the innovations in securities issuance in the Islamic capital market is sukuk. Sukuk itself is defined based on the fatwa of the National Sharia Council of the Indonesian…
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