You are wealthier than you think

This lecture is A MUST listen for Muslims pursuing Halal wealth.

We contacted IlmQuest to buy the CD, but never heard back from them. However, after a little googling found the lecture online.

CD Set: Let’s Buy a House Islamically, By Ghassan Barqawi

After a quick search online, the following result was found:
[disclaimer: We have no affiliation with the result pasted below]

Buying a home is a major dream for almost every family. However, it is a decision that goes well beyond finances. You want your home to reflect your values and your lifestyle. The biggest advantage to owning a house over renting an apartment is that your house belongs to you. It’s your home, and that’s a pretty big achievement in itself. This is why when a person is ready to buy a house, emotion can often get in the way of effective decision making. Not only can it hinder sound financial planning, but it can lead one into major sins. This CD Set is a guide to know what Islamic Finance really is, how one can understand the different terms used by various Islamic financial institutes, and how to make the best decision for your family in this life as well as the next. Shiekh Ghassan had the honor to study under the late scholar of Yemen, Shiekh Muqbil bin Haadi al-Waadi’ee, and earned an Ijaazah in Hadith from him. He has a Masters degree in Business and is an advisor who is able to give guidance in the field of Finance. He is also the founder of the Islamic Institution of Islamic Studies of Columbia, South Carolina. At present he is the Imam of the Islamic Center of Mobile, Alabama.

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JAK Bank

JAK Bank and Swedish interest-free model.

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Lessons Learned From Selling Kalimaat

Alhamdulillah, Alhamdulillah, Alhamdulillah!

Thanks Allah for the tremendous success.

Collectively (HalfDate, HalalBucks Club*, and HalalBuzz) we have sold more games than MAJOR online & offline stores combined, mashaAllah tabaraka Allah.

So, what’s the secret and other lessons learned?

As for the secrets, we are going to share them in a marketing class inshaAllah. But to give you three quick ones:

  1. Integrated marketing (offline, online, word of mouth, PR)
  2. HalalBucks co-bazaar participation, where say member A of HalalBucks club sells the products of member B at one bazaar in exchange for member B selling the products of member A in another bazaar. This way you save the money of participating in two bazaars or events.
  3. Cause-related marketing and buzz marketing.

As for lessons learned, here are the top 3 ones:

  1. If you are giving away free samples, focus on the word “sample” not on “free.” That means you need to let people try it, not here you go, “A free copy of the Quran.” Especially, when your sample involves some time and efforts for people to try it.
  2. The total cost of selling may be more than you anticipate: Inventory storing, tracking, shipment & handling, online payment fees, billing & collection, marketing & promotion, and finally your opportunity cost.
  3. To make money, you need to rely on repeated customers, and staying for the long run. Especially when you sell a new product, like Kalimaat.

*HalalBucks Club is an exclusive business coaching and implementation club. You can join by invitation-only.

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Hidden Cost of Credit Cards

When it comes to credit cards, usually people talk about the evil consequences of debts on the consumers. But, we rarely talk about the other bad consequences of this industry.

Watch this video by New York Times about the “Silent Tax” of credit cards.

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A Tale of Two Zabeeha Meat Stores

Seth Godin tells the story of two lemonade stands using two different business models :)

Does this story rings a bell when you compare the lemonade stands to Halal/Zabeeha meat stores?

Related Posts:
Muslims & My Store
Free as a Business Model

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