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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. We’ve come to a form of understanding that using platforms on the Internet and new tech devices means that everything…
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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 money safe. 1. Learn to spot red flags First things first, understanding red flags will help you steer clear of…
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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 an occasion to set goals and build good financial habits. We will explore practical ways in which we all can…
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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 you do! It can solve problems, play games, and even talk to people. It uses special algorithms to think and…
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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 and own. When you invest, you buy a part of the company and give them money to build and grow.…
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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 and achieve long-term financial success. By teaching financial literacy to our kids from an early age, we can set them…
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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 the near future. Of course, we can’t exactly predict when a recession will take place but we can prepare for…
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Basic Investment Strategies
If you are thinking of investing and are confused about the best strategy for you, then we’ve got you covered in this post. So, here are 3 basic strategies for investing: 1. Momentum Investing (aka Day Trading) This type of investment is looking at the activity around a company. It is normally associated with what…
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Investing 101: What are ETFs?
When you are looking into investing, you’ll come across the term ‘ETFs’. So what is it and who should consider investing in Exchange Traded Funds (ETF) as an investment option? Exchange Traded Funds are a popular investment vehicle that many people consider. What are ETFs? They are investment funds that are traded on stock exchanges,…
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Investing 101: What is a dividend?
When you begin learning about important topics related to investing, a term you will come across is dividend. We’ll break it down for you. Definition: They are payments a company makes to share profits with its stockholders. Dividends can be paid on a regular basis and is one way for investors to earn a return…
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What is a Charge Card?
If you reside in Saudi Arabia, chances are you’ve seen banks and financial institutions provide a charge credit card as an option alternative to credit cards. You will see institutes like Alrajhi Bank and American Express offer customers in Saudi Arabia the option to get either a credit card or a charge credit card. So…
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Let’s learn about Investments!
Hey there, young investor! Have you ever wondered how you can make your money grow? Well… we’ll cover all you need to know about investments! What is an Investment? Good question! An investment is like planting a seed and watching it grow into a beautiful tree. Instead of planting a seed in the ground, you…
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Protecting your digital banking information
As much of our lives are now online it’s no shock that most financial dealings and transactions are digital too. From e-commerce purchases to personal banking, we are conducting more and more of our transactions online. It is all the more important to be vigilant about how you can protect your information. All this digital…
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What is Compound Interest?
Interest is money you earn on your savings or pay for borrowing. Compound interest is money you earn on both the money you save and the interest you earn on that saving. So every year you earn interest, you also earn interest on the interest itself. Compound interest is great when you’re saving. Here is…
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Key terminology in Islamic banking
We’ve covered the differences between Shariah-compliant, Islamic banking, and conventional banking you find across the globe. We will cover a few key terms that will aid you in understanding how this form of banking works. Here are a few key types: Murabaha: A form of sale where the cost of the goods sold and the…
