Finance Reviews

When people say Islam bestows humanity with a comprehensive action plan regarding every field and aspect of life, it really means every aspect of it! Though this might sound too much to many people based upon their so much information about so many things, but the most important factor they undermine while coming up with such a conclusion is their lack of knowledge regarding the solution Islam offers.

Yes, this happens to be one of the biggest reasons behind people’s disagreement with Islam, i.e. they simply do not know much about Islam. Most of their decisions are based upon biasness against Islam, influenced by mass media campaigns portraying Islam against the truest of its teachings.

Talking of solutions Islam provides about different aspects of life, financial management is one of the major of those. We see countries all around the world following the conventional banking system based on -interest (usury)- which is against the teachings of Islam.

The following verse clearly defines Quran teaching about it:

Al-Baqara [2:275] Those who devour usury will not stand except as stands one whom the Evil One by his touch hath driven to madness. That is because they say: “Trade is like usury, but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (the offence) are companions of the Fire: they will abide therein (for ever).

This verse clearly defines what Allah’s teachings regarding the principles of trade are, i.e. it should be free of usury. However, today’s conventional banking system is totally based on -interest- or -usury-. On a closer look, you come to know that this is something leading the whole of modern-day banking system to a total collapse.

Though it sounds bitter to believe, but this is a fact too obvious to conceal beneath the carpet. Just have a look at what has happened to the American banking system in last few years. It is moving swiftly towards a closed end. The reason is simple, the financial system based upon the principles of usury and interest can be of little good to humanity.

The present day banking and financial system serves nothing more than a cleverly disguised tool of accumulating money in just few hands, making sure to restrict the means of equal and fair distribution of wealth among whole society.

For that, Allah Almighty encourages charity as against usury, and conceals financial betterment of the givers as well as takers of charity. Consider the following verse of Holy Quran in this regard: Al-Baqara [2:276] Allah will deprive usury of all blessing, but will give increase for deeds of charity: for He loveth not creatures ungrateful and wicked.

Now, you may be able to connect pieces of the puzzle altogether. Allah Almighty clearly informs humans that usury will be deprived of any kind of blessing, meaning that the financial and banking system living on the crutches of usury will have to die one way or the other. What we have to realize that Islam has got the solution to all our worldly needs, in addition to guiding us towards the path of eternal enlightenment in the life hereafter. All we need to do is resort to the teachings of Allah Almighty in Qur’an and hadith to make this life and that life convenient for us.

If you want to read more Articles regarding to Islam and Quran, you can find all here: Quran Reading is an online Islamic School, Quran education services online. The school also teaches Holy Quran Recitation and Quran Reading with translation. Learn All about Islam and Quran Online Islamic Articles by visiting our Quran reading blog.

Getting your finances in order doesn’t seem like it would be a lifestyle change for fitness benefits, but it really can be. Just think of the role that money plays in your everyday life. You worry about money and end up facing financial hardships that move into your work life, your home life, your marriage, and even your physical health.

Financial fitness isn’t something that we’ll stress for too long here, but it is something to make part of your overall guide to living a long, healthy lifestyle.
As you know, stress causes a wide range of health concerns for your body. Money is one of the largest causes of stress in people every single day.
Therefore, when you want to improve your well being and health you need to take into account the fitness of your overall financial life. In the perfect world you would have plenty of money to do what you want to do. But, that’s not always possible. So, to help you, we’ve put together some things that can offer you success when managing your financial outlook even when you are struggling to make ends meet.

Live within your means. While it’s nice to have what everyone else has, its not going to make your life better to have them. For example, if your neighbors just purchased a new car, you may feel like you need to have one too. But, will having a new car really improve your life? Then it may not be worth the financial risk and cost to own one.
Don’t use credit. Credit today is used for everything from buying a house or car to buying lunch at McDonald’s. While you may need to use credit for the larger, more expensive purchases, keep as many of your other purchases credit free. This may be hard, but if you stop using credit today and start using cash, you may find yourself with more cash to spend then credit!
Make a budget with your entire family. It goes without saying that you can’t spend what you have if you don’t know what you have. Each month make a goal of tackling one extra bill to pay it down as much as possible. Give yourself some money to use as you want for entertainment each month too, so that you don’t feel deprived. You are more likely to stick with your budget this way. Include each family member in the making and keeping of the budget!

Don’t eat out. This isn’t good for your waistline anyway! You can save thousands of dollars each year by eating at home! You’ll cut the pounds off, eat better quality foods and better recipes!

Getting your finances in check may mean talking with various people including your lenders and financial planners. But, if you didn’t have to pay all of those credit cards each month, how much money would you have in cash to spend? Get to that point and you’ll have immeasurable success throughout all areas of your life, too.