Category: Grow My Wealth

Lock down Islamic financing at low costs so you can finally have the home you always wanted.

May 24, 2024

Islamic and Behavioral Economics Guidance on Home Buying

Purchasing a home is one of the most significant decisions we make in our lives, involving not only financial considerations but also deep emotional and cognitive involvements. Drawing from the behavioural insights in Daniel Kahneman's Thinking, Fast and Slow, and deeply rooted Islamic teachings, this blog post offers a personalised exploration of how to navigate […]

December 17, 2023

Navigating Property Equity

In the Australian financial landscape, the strategic use of property equity stands as a pivotal approach to wealth augmentation. At Afiyah Islamic Finance, we are attuned to the nuances and potential of this strategy within the framework of Islamic finance. This blog delves into the use of property equity for investment, enriched with the principles […]

June 21, 2023

5 Main Components of Islamic Wealth Management

Islamic wealth management incorporates principles and guidelines derived from Islamic law, known as Shariah, which governs various aspects of Muslim life, including financial matters. It encompasses a range of practices that are designed to align with the principles of Islamic finance and are aimed at preserving and growing wealth while adhering to Islamic principles. These […]

June 16, 2023

Concept of Wealth Management in Islam

Wealth management in Islam is a comprehensive approach to managing and growing an individual's or family's financial assets. It involves a range of financial services and strategies aimed at helping clients achieve their financial goals, preserve and grow their wealth, and also plan for the future. Wealth managers provide personalised advice and guidance on investments, […]

May 26, 2023

Everything You Need to Know About Halal Investment

Investment strategies can be guided by personal ethics, environmental goals and also religious beliefs. No matter what your strategy is, there is a wide range of investments that are available to help you start the perfect investment plan which aligns with your values. Halal investing is one form of value-based investing that is designed for […]

May 2, 2023

How Does Islamic Home Loan Work?

Borrowing money to purchase a home is an area of personal finance that affects Muslims. As Islam does not allow charging interest, traditional home loans are not suitable for all those living by Islamic principles.  Since Islam forbids loans that bear interest, Muslims seek halal alternatives to purchase properties. While there might have not been […]

April 19, 2023

Managing Risk and Diversifying Portfolios Protects Assets

Investing can be a great way to grow your wealth, but it also comes with risks. While some level of risk is inherent in any investment, there are steps you can take to protect your assets. Two key strategies are risk management and portfolio diversification. By implementing these strategies, you can help mitigate risk and […]

March 15, 2023

Tips For Smart Spending And Avoiding Financial Mistakes

Smart spending and avoiding financial mistakes, such as overspending and falling victim to scams, are important in any economy but particularly so in today's challenging economic environment with the high rate of inflation all around.  By being mindful of your spending and being vigilant against scams, you can help ensure that your finances stay on […]

March 9, 2023

Tips for Investing in Real Estate for Beginners

Investing in real estate can be a smart financial decision, as it has the potential to provide a steady stream of income. It also has a significant appreciation over time. Real estate investments offer a tangible asset with a stable return, which can be a great alternative to traditional investments such as stocks or bonds.  […]

February 27, 2023

Advantages of Investing in Rental Properties for Long-term Financial Gains

Owning rental properties can be an excellent investment opportunity for many people. It offers a steady stream of income, potential capital gains, and other benefits that can help landlords achieve long-term financial stability and security. In this blog, we will discuss the advantages of investing and how they can help you achieve your financial goals. […]

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