A Path Towards Success for Muslim Households: Wealth Management and Shari'ah Rulings

Toseef Azid; Othman Ibrahim Altwijry; Osama Rewashadeh; Nasim Shirazi

doi:10.1007/978-981-19-3686-9_22

A Path Towards Success for Muslim Households: Wealth Management and Shari'ah Rulings

Toseef Azid^*, Othman Ibrahim Altwijry, Osama Rewashadeh, Nasim Shirazi

^*Corresponding author for this work

Islamic Studies – Academic

Qassim University

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

During the past four decades and particularly since the mid-1980s, a lot of expansion has occurred in the Islamic financial market, which allowed Muslim households to invest in Islamic-based products. This has also opened the door of future investment and expanded the opportunity to spend more in the way of Allah (SWT). These opportunities lead them towards success in this world and life hereafter. Consequently, this is mitigating their risk in this life and life hereafter. This also significantly impacts the welfare of the whole Muslim community. The growth of house financing among the Muslim community has jumped dramatically during the past decades, increasing the saving rate of Muslim households. This chapter studied that what will the behavior of Muslim households in this expanded market by following the Islamic Shari’ah.

Original language	English
Title of host publication	Wealth Management and Investment in Islamic Settings
Subtitle of host publication	Opportunities and Challenges
Publisher	Springer Nature
Pages	395-407
Number of pages	13
ISBN (Electronic)	9789811936869
ISBN (Print)	9789811936852
DOIs	https://doi.org/10.1007/978-981-19-3686-9_22
Publication status	Published - 1 Jan 2022

Keywords

Debt
Households
Islamic financial institutions
Shari’ah maxims
Wealth management

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10.1007/978-981-19-3686-9_22

Cite this

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A Path Towards Success for Muslim Households: Wealth Management and Shari'ah Rulings

Abstract

Keywords

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