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The future of financial literacy in Saudi Arabia
Have you ever thought about how important it is to understand money from a young age? In Saudi Arabia, just like everywhere else, financial literacy is becoming super important. With all the changes happening in…
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What is the Smart Investor program?
The Saudi Capital Market Authority (also called the CMA) launched the Smart Investor program more than 10 years ago. They recognized that it was important to encourage young kids aged 9 to 14 to learn…
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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…
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101: Understanding time deposits
Are you looking to manage your money wisely? Maybe you’ve heard the term “time deposits” in your bank’s offerings but aren’t quite sure what it means or how it can benefit you. Well, you’re in…
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101: Certificate of Deposits
Let’s dive into a topic that might sound a bit grown-up, but it may just be the right saving option for you: Certificate of Deposits or CD. You might have heard about saving money in…
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5 essential money management tips every Saudi young adult needs to know
Navigating the world of personal finance can be intimidating, especially for young adults in Saudi Arabia who are just starting their financial journey. However, with the right knowledge and tools, managing money effectively becomes much…
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What is an economic bubble?
Today we’re going to explore something really fascinating and a bit tricky: economic bubbles. Don’t worry if it sounds a bit complex at first, we’ll break it down in a way that’s easy to understand….
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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…
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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…
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Let’s learn about VAT!
Today, we’re going to dive into a world that might sound a bit tricky at first but is actually pretty interesting once you get to know it. We’re going to talk about something called VAT,…
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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…
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How technology is transforming financial literacy for young Muslims
In today’s digital age, technology has revolutionized various aspects of our lives, including how we manage our finances. For young Muslims seeking to gain financial literacy and make sound financial decisions, fintech platforms are proving…
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Ramadan Reset: 30 days to financial wellness
Ramadan is not only a time for spiritual reflection and devotion but also an opportunity for personal growth and improvement in various aspects of life, including finances. As we embark on this holy month, let’s…
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Let’s talk about allowance!
Hey everyone! Today, let’s talk about something super cool and important for young explorers: allowance! Have you ever heard grown-ups talking about ‘allowance’ and wondered what it means? Well, buckle up because we’re about to…
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Avoiding frivolous spending habits
In a world driven by consumerism, it’s easy to fall into the trap of frivolous spending. From impulsive purchases to lifestyle inflation, many people find themselves wondering where their hard-earned money went at the end…