Posts Tagged haram

Business Profile: WorkingMuslim.com

An interview with the founder of workingmuslim.com. Topics discussed include: advice for getting a job, working in Halal, how to get motivated, how to demand your rights as a Muslim at workplace, work balance, etc.

Link to YouTube Video:
http://www.youtube.com/watch?v=CArJ7GmHAWQ

Related Web Sites:
WorkHalal.com

To sponsor HalalBucks episodes please email us admin at halalbucks

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The Economic Caste System

I was reading about the Untouchables and caste system in India and it came to my mind the parallel caste system that we have in our “modern” industrial society, from the school system to corporate job title definitions.

Many Muslim parents have defined/dictated a set of study fields and occupations for their children. These choices (or restrictions) not only limit the potentials of their children but also lead to a narrow view to Allah’s Rizq (provision).

As if we have no future, unless we took that haram student loan, or bought properties using haram mortgages. As if our Rizq only comes during Jumaah prayer or only by working in haram businesses or jobs.

We, the caste members of the modern economic caste system, are far more outrageous than the Untouchables, because often time we lock ourselves into these “casted” job even that we can escape from them.

May Allah liberate us from being slaves to jobs or money.

Related Readings:

If you are currently locked in a corporate caste system. Read this book, Escape from Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur, it may liberate you.

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“Muslims” Credit Cards: Yes for Riba, No for Service

It’s known that the credit card industrydepends on the interests that customers pay. So for a credit card issuer to gain customers, other than offering good interests rate and terms, it also has to offer some services (e.g. in case of disputing fraudulent transactions).

However, in Muslim countries, credit card issuers copied the haram part (riba/interests) from non-Muslims and left out the halal part (customer service).

Since late October when the problem first erupted, Moulana has received little help in rectifying the fraudulent charges. In spite of his daily calls to get assistance from National Commercial Bank’s customer service hotline, the bank has been adding on delinquent fees for not paying the minimum payment on his credit card each month.

BTW, on the topic of credit cards, many young Muslims don’t know about the danger of over spending. I personally know many good brothers from good families end up with a huge credit card debt while in college. Really, masjids should devote some khutbahs and workshop for this topic to educate both parents and youths.

Related Links:

Marketplace: Maxed out on plastic

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I broke my phone, and Alhamdulillah

Bismillah

My phone fell out of my pocket, which wasn’t bad enough, but…

I stepped on it and broke it into two halves!

So, why am I telling you this?

A friend on Facebook said, “Do you have insurance for the phone?” I said, “Insurance is haram.”

And I didn’t need it, because that phone has generated much more income than its price tag.

I’m telling you this incident to let you know that Allah has given you plenty of opportunities for halal income to cover your expenses.

Thus, instead of me telling you that insurance is haram, how about I just share with you how to earn more halal income?

If you’re interested, answer this survey, click here.

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Is it worth it to muddle in haram?

As Muslims, we know the seriousness of having a halal income and avoiding haram ones. However, there are tons of temptations and so called Sharia-compliant investment calling us to muddle with companies that deal with haram or earn haram income.

The return of those investment may look attractive to you, but in reality you are losing in this life and the hereafter.

يَعِدُهُمْ وَيُمَنِّيهِمْ وَمَا يَعِدُهُمُ الشَّيْطَانُ إِلَّا غُرُورًا

He [Shaitan (Satan)] makes promises to them, and arouses in them false desires; and Shaitan’s (Satan) promises are nothing but deceptions. (An-Nisa 4:120)

Here is an excerpt of NY Times Op-Ed of Paul Krugman

Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. The bottom line is that there has been basically no wealth creation at all since the turn of the millennium: the net worth of the average American household, adjusted for inflation, is lower now than it was in 2001.

At one level this should come as no surprise. For most of the last decade America was a nation of borrowers and spenders, not savers. The personal savings rate dropped from 9 percent in the 1980s to 5 percent in the 1990s, to just 0.6 percent from 2005 to 2007, and household debt grew much faster than personal income. Why should we have expected our net worth to go up?

Here you can see the “growth” graph of Dow since 1966.

May Allah grant us Halal bucks


HalalBucks.com offers professional training and consultation for small businesses, from marketing to strategic thinking.

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