The rational of choosing Islamic financial products are:
1) HALAL – If you are Muslim, then you know the difference between the HALAL and the HARAM. So Islamic financial products are HALAL and others are HARAM. Insurance is HARAM, and TAKAFUL is HALAL. Islam always provides alternatives to human’s needs.
2) No interest on loan.
3) Charity-driven.
4) Encourage Helpful Muslim Community – such as Takaful.
5) Moral Benefits – Islamic finance products prohibits the social ills, such as gambling, usury, liquor, porn etc.
6) Barakah – the blessing of our life by ALLAH.
7) Stricter regulations – a major cure to subprime collapse
Many choices available – Islamics banks, Islamic accounts, takaful, islamic investments, islamic unit trust, islamic sukuk, islamic gold investment, islamic wasiat -will writing, faraid.
9) Big opportunity – the world is looking at Islamic products hence there is huge opportunity to involve and develop.
10) Balanced concept – many experts says Islamic concept of economy & finance is the best of capitalism and socialism. The world see socialism collapsed, and capitalism is almost and always unstable.
So what are you waiting for, the choice is yours!
1) HALAL – If you are Muslim, then you know the difference between the HALAL and the HARAM. So Islamic financial products are HALAL and others are HARAM. Insurance is HARAM, and TAKAFUL is HALAL. Islam always provides alternatives to human’s needs.
2) No interest on loan.
3) Charity-driven.
4) Encourage Helpful Muslim Community – such as Takaful.
5) Moral Benefits – Islamic finance products prohibits the social ills, such as gambling, usury, liquor, porn etc.
6) Barakah – the blessing of our life by ALLAH.
7) Stricter regulations – a major cure to subprime collapse
Many choices available – Islamics banks, Islamic accounts, takaful, islamic investments, islamic unit trust, islamic sukuk, islamic gold investment, islamic wasiat -will writing, faraid.9) Big opportunity – the world is looking at Islamic products hence there is huge opportunity to involve and develop.
10) Balanced concept – many experts says Islamic concept of economy & finance is the best of capitalism and socialism. The world see socialism collapsed, and capitalism is almost and always unstable.
So what are you waiting for, the choice is yours!
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