-
Understanding tawarruq: a simple guide
In the realm of Islamic finance, the term ‘tawarruq’ holds significance as a financial arrangement designed to meet the principles of Shariah law. For those unfamiliar with Islamic finance, the concept may seem complex, but…
-
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…
-
How do I open a bank account in Saudi Arabia?
Opening a bank account is a fundamental step toward managing your finances effectively, whether you’re an expat living in Saudi Arabia or a citizen. Saudi Arabia has a robust banking system that offers a wide…
-
101: What is life insurance?
Life is full of unexpected twists and turns, and as young adults, it’s easy to get caught up in the present moment. However, it’s important to consider your financial future and take steps to protect…
-
Investing 101: What is value investing?
If you’ve heard of Warren Buffett or read any of his advice, what you may not have known is that he is one of the most well-known investors who have utilized value investing as a…
-
Why should I save?
As a young kid, we get it, is there really a reason why you should save your money? Well, our answer to that question is yes!! Maybe not for reasons that adults do like for…
-
Debunking common money management misconceptions
Managing money effectively is a crucial life skill that can significantly impact one’s financial well-being and overall quality of life. What are a few known misunderstandings that a lot of people have about the financial…
-
The importance of an emergency fund
Financial emergencies can crop up at any time, and usually when no one expects it. They tend to put a lot of stress on families in Saudi Arabia. Whether it’s a sudden medical expense, car…
-
Parents’ guide: safeguarding your family’s digital footprint
How can parents protect theirs and their child’s information in a digital age? We all know how valuable tech companies view our data, be it to collect information for marketers, or now to train AI….
-
Detecting and avoiding financial scams
Just like how you protect your belongings from mischievous siblings, it’s essential to guard your money from sneaky scammers. In this post, we’ll show you how to avoid being potentially scammed and keep your hard-earned…
-
Harnessing the Islamic New Year to cultivate good financial habits
As the Islamic New Year begins, it presents the perfect opportunity to reflect on our financial behaviors and make positive changes. The Islamic calendar is not only a time for a spiritual reset, but also…
-
Personal Finance AI apps… are they useful or harmful?
Since late last year, we have seen a huge influx of interest in AI across many industries. Artificial Intelligence or AI is a clever computer technology that can learn and understand things, just like how…
-
What are stocks?
If you are interested in investing in stocks, it is essential to first fully understand just what stocks are. Definition Stocks are shares. This share is a piece of a company that you can purchase…
-
Empowering Parents: Teaching Financial Literacy to Kids
In today’s complex and ever-changing world, financial literacy has become more important. As parents, we have a unique opportunity to equip our children with the knowledge and tools they need to make sound financial decisions…
-
How to prepare and save money for a recession
A potential recession has been on the minds of many economists, policymakers, and just about every adult who has been following the news recently. It seems clear to people that a recession is imminent in…
