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

Toseef Azid (), Othman Ibrahim Altwijry, Osama Rewashadeh and Nasim Shirazi
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Toseef Azid: Qassim University
Othman Ibrahim Altwijry: Qassim University
Osama Rewashadeh: Qassim University

Chapter Chapter 22 in Wealth Management and Investment in Islamic Settings, 2022, pp 395-407 from Springer

Abstract: 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.

Keywords: Households; Wealth management; Shari’ah maxims; Debt; Islamic financial institutions (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3686-9_22

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

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