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Online resources part 2
We love sharing resources that will help you gain more insight into money management. The best way to learn of course is through doing, and what better way to learn by practicing! Here are a few more online resources you can use to learn more! Spent Spent shows how difficult it is to stretch $1,000…
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Setting financial goals this Muharram
As Muharram kicks off the Islamic New Year, it’s not just about new beginnings spiritually — it’s also a great time to think about your money and set some goals for the year ahead. Whether it’s saving up for something special or being smart with your cash, setting financial goals now can really help you…
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Celebrating Eid al Adha without breaking the bank
Eid al-Adha as we’re sure you all know is one of the most significant Islamic holidays celebrated by Muslims worldwide. It is a time for families to come together, share meals, exchange gifts, and help those in need. However, the expenses associated with the holiday can sometimes strain the budget. Today, we’ll go over how…
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Understanding jam’iya or social savings clubs
The Kingdom of Saudi Arabia conducted a study in 2018 that looked into consumers’ money habits. One of the interesting data showed how consumers mainly rely on banking institutes to save money, but the next most popular option is through a social savings club! If you’re looking for an effective way to save money, we’ve…
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Celebrating Eid al-Fitr!
Eid al-Fitr marks the end of Ramadan. It’s a joyous occasion filled with festivities, feasting, and the exchange of gifts. As families come together to celebrate the culmination of a month of spiritual devotion, our upcoming financial management app is dedicated to empowering families to take charge of their finances and strengthen their bonds. Embracing…
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Budgeting basics: managing your expenses in the last stretch of Ramadan
Can you believe that we are in the final days of Ramadan? As we reach the end of the holy month it’s essential to maintain a firm grasp on our finances, ensuring that we honor our financial obligations while also fulfilling our spiritual duties. For young Saudis striving for financial empowerment, cultivating a mindset of…
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Investing in Faith
As we are now in the final days of Ramadan, the importance of Zakat has become increasingly important in the hearts of Muslims worldwide. For young Saudis, understanding how to allocate Zakat effectively is not only a religious obligation but also a significant opportunity to make a positive impact on the community. Here’s a guide…
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10 smart financial tips for the last 10 days of Ramadan
As Ramadan draws to a close, it’s essential to ensure that your financial practices align with your values and goals, especially as a young Saudi navigating the path to financial empowerment. Here are ten smart financial tips to help you make the most of the final days of Ramadan: 1. Review your spending Take a…
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Financial wisdom: learning from the teachings of Prophet Muhmmad (PBUH)
Prophet Muhammad (PBUH) was not only a spiritual leader but also a wise and astute guide in matters of everyday life, including finances. His teachings offer invaluable insights into money management, financial ethics, and responsible stewardship. Today, we will delve into the financial lessons derived from the teachings of Prophet Muhammad (PBUH) and explore how…
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Empowering financial literacy and saving through Sukuk in Saudi Arabia
In an era where financial literacy and savings play pivotal roles in securing one’s future, the Kingdom of Saudi Arabia is embarking on a transformative journey to promote these crucial aspects through innovative financial initiatives. Sukuk, commonly known as Islamic bonds, have gained significant traction within the Kingdom and global financial markets for their compliance…
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Ramadan reflection journal for teens: cultivating financial awareness and gratitude
While adults often focus on personal growth and religious devotion during this time, it’s equally important to involve teens in the rich traditions and teachings of Ramadan. One way to do this is through the use of a Ramadan reflection journal tailored specifically for teens, designed to foster financial awareness, gratitude, and mindfulness. Embracing the…
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How to manage your child’s Ramadan allowance
As we approach the halfway mark for Ramadan, parents often find themselves navigating various aspects of the tradition, from fasting to prayers and charitable giving. However, Ramadan also presents an excellent opportunity to impart essential lessons about financial responsibility to our children. One way to do this is by managing your child’s Ramadan allowance wisely,…
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Ramadan and Responsible Spending
For Muslims around the world, including in Saudi Arabia, Ramadan holds immense cultural and religious significance. It’s a time of increased devotion, self-discipline, and generosity. However, amidst the spiritual practices, there’s also an opportunity to cultivate important life skills, particularly in the realm of financial literacy. In Saudi Arabia, where traditions are deeply intertwined with…
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Navigating Zakat
Ramadan is a time of spiritual renewal and charitable giving for Muslims around the world. One of the fundamental pillars of Islam is Zakat, an obligatory form of aiding those who most need it. Muslims are required to donate a portion of their wealth. In this post, we will navigate what zakat is and the…
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Breaking fast, building wealth: the connection between fasting and financial discipline
Ramadan, the holiest month of Islam is a time of spiritual reflection, devotion, and self-discipline. Fasting from dawn to sunset is one of the 5 pillars of Islam, symbolizing a period of restraint and self-control. Interestingly, the principle of fasting during Ramadan can also be applied to financial discipline, offering valuable insights into building wealth…
