Category Islamic Finance

The Story of 2.5%

By Sheikh Zoubir Lakhdar Bouchikhi One day, a very wealthy man was walking on the road. Along the way, he saw a beggar on the sidewalk. The rich man looked kindly at the beggar and asked him why he was begging…. Continue Reading →

Financial Freedom – What Does It Mean?

Financial freedom is a concept not only centred on technical aspects or calculation part of money and financial management, but it goes beyond, as it encompasses our personalities, behaviour and ethical values. A truly financial freedom is achieved when one… Continue Reading →

Simpanan Shariah by EPF

[The original posting can be found at: http://alnaqiy.com/article/simpanan-shariah-by-epf/] The Employees Provident Fund’s (EPF) new Shariah-compliant savings scheme will be open for registration on August 8, 2016. The EPF’s chief executive officer Datuk Shahril Ridza said the retirement fund has allocated an… Continue Reading →

Zakah: Islam’s Response to Poverty

[The original posting can be found at: http://alnaqiy.com/article/zakah-islams-response-to-poverty/] In Islam, zakah is third to the declaration of faith in Allah and His Messenger and the five daily prayers. Islam introduces zakah as a response to social concerns towards the poor and… Continue Reading →

Investment in Shari’ah-Compliant Securities

[The original posting can be found at: http://alnaqiy.com/home/article/investment-shariah-compliant/] Question: I think it is unfair if the stock of a company is classified as non-Shari’ah compliant just because the company takes loan from conventional bank. For me, as long as the activities… Continue Reading →

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