8 Categories: who is zakat eligible best

who is zakat eligible

Who is zakat eligible? Zakat is an obligatory charity in Islam that gives wealthy Muslims a chance to uplift the poor and needy. It is a chance to help your Muslim brothers and sisters. They are in trouble and need aid during their hardships. If you are reading this article, then Congratulations! You have been …

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What is Fitrah: 5 Must Know for Muslims

Fitrah

The term “fitrah” in Islam has many meanings. It includes both a broad concept and a specific practice. In short, fitrah in Islam is a deep idea. It’s about the natural state of humans and a specific charitable practice. It stresses the importance of compassion, solidarity, and giving basics to the needy. This is especially …

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What is sadaqah in Islam with 4 benefits

Sadaqah benefits

In Islam, Sadaqah means giving to others without being required. It includes acts of kindness, giving money, or doing good things for others. The purpose is to make Allah happy and seek His approval. The Prophet (ﷺ) of Islam once said that every good thing you do is a form of charity. For example, when …

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5 Best Takaful Islamic life insurance

Islamic life insurance

Islamic life insurance or Takaful insurance is a word from Arabic, and it comes from the idea of taking care of each other’s needs or guaranteeing each other. In this system, people in a group agree together to help and support each other against any loss or damage. The whole group works together to assist …

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Is forex trading Halal: Shariah principles for profitable trading

is forex trading halal

Is forex trading halal? Yes, it is halal to exchange currencies when it is done with the following Shari’ah rules and precepts. Trading different types of currencies in Islam These are the following Shari’ah rules and precepts upon which trading different currencies is halal in Islam. Selling and Buying Currencies in Islam: Simple Rules Getting …

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Is Dropshipping Halal and Ethical in Islam?

Is dropshipping Halal?

Is dropshipping Halal, The Answer is Dropshipping is not Halal because, In the view of Islamic scholars and from the Hadiths of Prophet Muhammad (ﷺ), conventional types of dropshipping ( general stores, single-product stores, and branded niche dropshipping) may not align with Shariah principles. After all, they involve online retailers selling items they do not …

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11 Halal business Ideas: Best route to be a Millionaire

Halal business ideas

Halal Business Ideas are the best opportunity in 2024 because, In the future, there will be almost as many Muslims as Christians. From 2010 to 2050, the world’s population will become more numerous and reach 9.3 billion, a significant increase. During this time, Muslims will grow a lot, by 73%. Source: Pewresearch.org The first step …

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What is Takaful Insurance: Perfect guide for Islamic Insurance

Takaful insurance and conventional insurance

Takaful Insurance is a legitimate (Halal) alternative to conventional Insurance based on Islamic Finance principles. Takaful is an Arabic word derived from the word “Kafala,” meaning guaranteeing each other. The decision of the Islamic Jurisprudence Councils has established Islamic Insurance. Takaful insurance companies were created as a different choice from regular insurance. Regular insurance is …

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A Guide to Islamic Mortgage: 13 Islamic faith bank

Islamic mortgage

In Islamic finance, an Islamic mortgage is a financial arrangement that allows individuals to purchase a home while adhering to Islamic principles, prohibiting the payment or receipt of interest (riba) and promoting ethical and fair business practices. Commonly used structures for Islamic mortgages include: Islamic Mortgage structures Murabaha: Murabaha is Sharia compliance way when you …

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