-
Let’s talk about Ponzi schemes
Today we’re going to talk about something called a “Ponzi scheme”. It might sound like a funny name, but it’s important to understand what it is and why it’s not a good thing. So, grab…
-
Demystifying finance: understanding closed-end mutual funds
Today, we’ll be unraveling the mysteries behind closed-end mutual funds. Don’t worry if the term sounds a bit complex at first – we’re here to break it down into bite-sized pieces that are easy to…
-
Exploring Islamic Financing Options in Saudi Arabia
Saudi Arabia, with its rich Islamic heritage, relies on Sharia-compliant financial solutions to cater to the diverse needs of its population. In recent years, the Kingdom has witnessed a surge in the popularity of Islamic…
-
Diving into diversification
Today, we’re going to dive into the world of investing and explore a concept that might sound fancy but is actually pretty straightforward: diversification. Imagine you have a basket of apples. Now, let’s say you…
-
What to do if you lose your wallet
Losing your wallet can be a stressful experience, but it’s something that can happen to anyone at any time. For teens and young adults, knowing what to do when you lose your wallet is essential…
-
The power of patience: Why savings beats financing
In a world that thrives on instant gratification and the latest trends, the temptation to indulge in the buy-now-pay-later (BNPL) culture is stronger than ever. Young adults find themselves grappling with the decision of whether…
-
Exploring Meme Stocks
Have you ever heard of ‘meme stocks’? No, we’re not talking about funny pictures or jokes on the Internet. Meme stocks are a whole different kind of trend in the world of finance. In this…
-
How is AI being used by scammers to commit financial scams & how can you protect yourself?
In an era dominated by technology, AI has become an integral part of our daily lives, influencing everything from social media algorithms to healthcare diagnostics. While the benefits and increase in overall usage of AI…
-
How to pay bills using online banking in Saudi Arabia
As we navigate the digital era, online banking has become an indispensable tool for managing our finances conveniently. In Saudi Arabia, online banking offers a plethora of features, including the ability to pay bills seamlessly….
-
Green Money: Understanding sustainable finance for teens
In a world where climate change is a hot topic, you might have heard the term ‘sustainable finance’. But what exactly does it mean, and how does it affect you? Let’s break it down in…
-
5 common scams to avoid
In today’s interconnected world, the convenience of managing our finances online comes with its fair share of risks. As we embrace digital platforms for banking, shopping, and investments, it’s crucial to be aware of the…
-
Budgeting strategy: 50-30-20 rule
Money management is a crucial skill that everyone should learn, and it’s never too early to start! For young teens and adults who are just beginning to earn or receive an allowance, understanding how to…
-
Takaful vs. Conventional Insurance
In the world of finance, insurance plays a crucial role in safeguarding individuals and their assets. For young minds, understanding the basis of insurance can be a stepping stone to financial literacy. Two prominent concepts…
-
What is a will?
Life is full of surprises, and none of us can predict what the future holds. While it might seem like something only grown-ups worry about, understanding the concept of a will and Islamic rules of…
-
7 common investment mistakes to avoid!
Investing can be one way to build wealth and secure your financial future, even as a young adult. However, it’s essential to approach it with caution and knowledge. In this post, we’ll discuss seven common…
