Tag Archives: Islamic microfinance
On the Banking System and Financial Literacy in Mindanao
MAKATI CITY (8 May) – As a financial literacy advocate and blogger, I was quite privileged to be invited last Friday (May 6) in the first forum on “The Flow of Deposits in the Mindanao Banking System: Exploring Alternatives” hosted by the Joint Ateneo Institute of Mindanao Economics (JAIME) held in Ateneo de Davao University, Davao City.
M&M Question and Answer #2
Q) What are the conditions of a Seller and a Buyer?
A) There are six conditions for the Sellers and Buyers:
1) They should be Baligh (reached the age of puberty).
2) They should be sane.
3) They should not be impudent, that is, they should be squandering their wealth.
4) They should have a serious and genuine intention to sell and purchase a commodity.
5) They have not been forced to sell and buy.
6) They should be the rightful owners of the commodity which they wish to sell.
Source: “Islamic Law: Raising Awareness on Fiqh and Ulamaa“
What muslimandmoney.com is NOT?
Salamun ‘alaykum!
MUSLIMANDMONEY.COM is a platform for Muslim’s guide to personal finance, investment and entrepreneurship.
MUSLIMANDMONEY.COM is NOT a quick-rich scheme. It is NOT a magic formula of wealth. It is NOT a scam.
It is NOT a dialogue between two equals (Muslim and money). It is rather a forum to declare the former’s mastership and the latter’s servanthood, and not the other way around.
It is NOT about greed. It is NOT about materialism. It is NOT even about money per se.
It is about planning and action. It is about attitude and management. It is about prayer and productivity. It is about acquiring streams of lawful income. It is about self-esteem and financial freedom. It is about spiritual-physical equilibrium. It is about self-empowerment to empower others.