Ijarah financing is a concept commonly utilised in Islamic finance that provides an alternative method of financing assets. Derived from the Arabic word "ijarah," which means lease or rent, involves a leasing agreement between two parties: the lessor (financier) and the lessee (customer).  This arrangement allows individuals and businesses to access financing while adhering to […]

Islamic finance Australia, also known as Halal finance, is a system of finance that adheres to Islamic law (Shariah), which prohibits charging or paying interest (riba) and engaging in speculative investments.  Since Islamic finance adheres to Sharia principles and prohibits interest-based transactions it is not always easy to find Islamic institutions around the world.  However, […]

Having high levels of debt can create financial instability and make it difficult to handle unexpected expenses or emergencies. Reducing debt and increasing savings can help you achieve a better balance between your income and expenses, which can provide a sense of security and peace of mind. In this article, you will be learning about […]

Establishing an emergency fund is a crucial step towards financial security. Having a dedicated fund for unexpected expenses can provide peace of mind and protect you from falling into debt during times of crisis. Although it may seem daunting to set aside money each month, this discipline will benefit you in the long run.  Most […]

It is common for financial mistakes to happen once in a while, so you are not alone if you regret your own financial missteps. While money mistakes are unexpected, there are a few simple and easy ways to avoid them. Listed below are 5 financial mistakes that will cost you big, but with the necessary […]

As you reach your 50s, a proper plan for what comes next is crucial. In your 50s, you are not supposed to work hard and aim for monetary gains. It is all about enjoying everything you have worked on your whole life. People in their 50s experience many life-changing shifts. This could be as simple as […]

Manage money? Sounds impossible? It's time we all stop living paycheck-to-paycheck and start saving some money. It's not hard; all it takes is a little bit of planning, but it will be worth it. From understanding your spending and saving habits, where you can find free money, to budgeting and saving money, you can determine […]

Dealing with finance can be detrimental to mental health as well as physical health. According to a study that was done recently, 73% of Americans suffer from financial stress. And also, in Australia, one-third of survey respondents stated they had experienced financial difficulties in the past three months. 16% of the respondents were unable to […]

People always dream of building wealth wisely. Imagine having the needed money to care for almost everything in your life. Doesn't it sound fun and stress-free? Do you doubt that it is even possible to achieve it? It is possible! Building wealth is possible, but you need to take the necessary steps to make it […]

Mental models are thinking tools that help to improve your ability to think, make better decisions and even solve problems. Investing guru Charlie Munger was the first person to use the term 'mental models' in the year 1994. It was during a famous commencement speech at USC Business School.  Mental models are how we reason […]