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10 Rich Muslim Countries In The World Muslims make up over a quarter of the world’s population and are found in every corner of the globe. Some countries with large Muslim populations are also among the wealthiest in the world. Here are the top 10 richest Muslim countries, based on GDP per capita: Qatar: Currency […]
Most Powerful Muslim Ruler In History Introduction: A Muslim ruler is a leader who governs a Muslim-majority population or a territory with a significant Muslim population. Muslim rulers have held power in various regions throughout history, including the Middle East, North Africa, Central Asia, and Southeast Asia. They have played an important role in shaping […]
Best Way To Give Sadaqah Introduction Of Saqadah: Sadaqah is an Arabic term that refers to voluntary charity or philanthropy in Islam. It is considered one of the Five Pillars of Islam, along with the declaration of faith, prayer, fasting, and pilgrimage. Sadaqah can take many forms, including giving money or goods to the poor, […]
Riba In Islamic Banking Introduction: Riba is the Arabic term for interest and is considered to be one of the most important principles in Islamic banking. According to Islamic law, it is prohibited for Muslims to receive or give interest on loans as it is considered to be exploitative and unjust. Instead, Islamic banking operates […]
Sukuk Bonds Introduction: Sukuk bonds, also known as Islamic bonds, are a form of debt securities that comply with the principles of Islamic finance. These principles prohibit the payment of interest, which is considered to be usury. Instead of paying interest, Sukuk bonds pay returns based on the profits generated by the underlying assets. Sukuk […]
Insurance In Islam In Islamic finance, insurance is known as “takaful” and is based on the principle of mutual cooperation and solidarity. In a takaful system, participants contribute to a fund that is used to provide financial protection to members in the event of unforeseen circumstances such as illness or death. Unlike conventional insurance, takaful […]
Islamic Banking And Finance Introduction: Islamic banking and finance is a relatively new system of banking that is based on the principles of Islamic law (Sharia) and guided by Islamic economics. It emerged in the late 20th century as a response to the perceived excesses and moral shortcomings of conventional banking. Islamic banking prohibits the […]
Islamic Personal Financing Introduction: Islamic personal financing is a form of financial service that adheres to the principles of Islamic law (sharia). These principles prohibit the charging of interest, which is considered usury, and instead advocate for profit and loss-sharing arrangements. Islamic personal financing products have been developed as an alternative to conventional financial products […]
Forex Trading In Islam Forex trading is permissible in Islam as long as it is done in a manner that is permissible under Shariah law. This means that it must be conducted in a risk-sharing manner and not involve any form of interest (riba). Additionally, the use of leverage is also not permissible under Shariah […]
Dua For Punctual In Prayers Punctuality in the Prayers is the most difficult work. Most Muslims decided to start their prayers. They perform their prayers only for one day and then the next day. They don’t perform their prayer because of laziness. Performing prayers is obligatory for each Muslim. Allah SWT will ask the first […]
