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Buying Happiness
Apr 14
Piety and Profits
Sep 2
A brother shared this interesting study about how business is better in Ramadan 
Here is an abstract of the study:
Piety and Profits: Stock Market Anomaly during the Muslim Holy Month* by Jedrzej Bialkowski**, Ahmad Etebari***, Tomasz Piotr Wisniewski****
Observed by more than 1.5 billion Muslims, Ramadan is one of the most celebrated religious rituals in the world. We investigate stock returns during Ramadan for 14 predominantly Muslim countries over the years 1989-2007. The results show that stock returns during Ramadan are almost nine times higher and less volatile than during the rest of the year. No discernible difference in trading volume is recorded. We find these results consistent with a notion that Ramadan positively affects investor psychology, as it promotes feelings of solidarity and social identity among Muslims world-wide, leading to optimistic beliefs that extend to investment decisions
Money = Happiness?
Aug 18
Assalam Alaikum,
Intuitively, you know there is some connection between money and happiness.
But, my question to you is: When/How money made you happy in the
past? Do you recall a situation? Is it simply buying something,
if so how long that happiness last? Is it giving a gift? Is it
donating your money?
Share your thoughts here (as a comment):
May Allah give us all both happiness and money (and everything
good in this life and the hereafter)
New research shows that money is related to happiness but not totally. Basically, experiential purchases can bring more happiness than non-experiential ones. So, a trip or quality time with family may bring more long term happiness than just a new car or phone.
You can read more about it in the New York Times article: But Will It Make You Happy?
Research by Thomas Gilovich:
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