Vimto: Why People in Australia and Across the Globe Drink It for Ramadan?
Ramadan is here and it’s a reminder for all Muslims to start stocking up on Vimto. What is Vimto, you ask? If you must know, Ramadan wouldn’t be the same for a lot of Muslims if they didn’t break their fast with the cool, sweet, and refreshing taste of Vimto. Ah, heaven! Let’s read on to…
Read More
6 Ethical and Halal Investing Habits During the Month of Ramadan
Ramadan is a time for religious study and contemplation. One thing that many Muslims think about is their finances. A 2016 study examined financial investors during Ramadan. It found that Muslim investors were happier during the month, leading them to buy more stocks. In six Muslim-majority countries, the annualised returns during Ramadan far exceeded those of…
Read More
Crescent Foundation Partners with Deakin University To Nurture The Refugee Leader Of Tomorrow
CRESCENT FOUNDATION PARTNERS WITH DEAKIN UNIVERSITY TO NURTURE THE REFUGEE LEADERS OF TOMORROW Leaders from Australia’s pre-eminent institutions will ‘sponsor’ and mentor up to 70 aspiring leaders from refugee and asylum seeker backgrounds Deakin University’s CREATE will facilitate hands-on graduate career clinics and empower refugees to succeed with practical skills ready for the workplace Only…
Read More
What Is Environmental, Social, and Corporate Governance ESG Investing in Islamic Finance?
Socially and environmentally responsible investing is neither naïve nor rash. Recently, ethical investors worldwide have been keen to try investment practices grounded in ESG. ESG refers to environmental, social, and corporate governance. ESG holds particular appeal for Islamic finance institutions and their Muslim clients. It allows them to invest in shariah-compliant ways. That way, they…
Read More
What are Sustainable Development Goals (SDGs), and as a Muslim, Why Should I Care?
Caring for our fellow man and the environment around us are central tenets of the teachings of Islam. Throughout the Quaran, ahadith or sayings of the Prophet Muhammad refer to this deep responsibility: “You will not believe until you love for your brother what you love for yourself.” With this in mind, it becomes easy…
Read More
6 Tips on How to Check a Stock is Halal or Haram
More and more Aussies are growing their nest eggs by investing in the stock market. But for Muslim Australians looking to get in on the action, it’s not so simple. The Shariah requires us to only invest in fully Halal companies. Amongst other things, this means the firm you are investing in needs to have a halal…
Read More
What Is Riba—and Why Is It Haram in Islam?
Wherever they live and whatever occupations they pursue, observant Muslims face questions and challenges about integrating their faith with daily life. But a deeper look shows that we have a few things to learn from them. Because certain Islamic beliefs and practices challenge the expectations and protocols of institutions dominated by non-Muslims, it can be…
Read More
Are Traditional Mortgages Halal or Haram?
Is taking out a mortgage halal or haram? This is one of the most essential questions facing Muslims in the modern world. For many Australians, taking out a mortgage is not something that they think about from a moral perspective. But Islam provides clear guidance on a range of financial contracts and practices. As Muslims,…
Read More
An Overview of Philanthropy and Islam: A Never Ending Journey of Learning to Give
Many misconceptions about Islam tarnish its reputation. Especially in a post-9/11 world, people assume that Muslims are terrorists. This couldn’t be further from the truth. The majority of Islamic people reject violence. Not only that, but the Islamic faith actually encourages good acts. Our devotion to Allah is evident in the way we live our lives. There is no greater…
Read More
How Do Islamic Investors Earn Interest Under Sharia Law?
Whether you follow Islam or not, it pays to be well-versed in the particulars of Islamic finance. Islamic finance, which covers all financial institutions, practices, assets, and vehicles that are organised under Islamic principles and laws, is now worth a record $1.2 trillion, or about 1% of the global financial market. As Muslim-majority markets continue to…
Read More