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You should be prudent.That way you could thrive well financially as it will prevent you from spending more than you can afford to insha Allah. This should be applied in businesses as well, it will help owners to know the true position of the company, thus promoting growth as well as preventing debt problems. Stay away from interest, Allah hates interest.
A prudent mind could avoid potential business problems. Thus, if you see a major red flag when you are about to enter a business. Do not enter the business deal, thinking you will deal with the problem when it occurs. You could end up with losses and probably even huge debts. Some individuals might say they saw the red flag but they ignored it, do not ignore it. In other words if their is a huge risk that the problem will occur and the impact will be high on the business, avoid the risk. Thus, reject the business deal.
Make sure your business is halal. You should give out sadaqa (it is not obligatory), Allah loves charity and He multiplies in reward for you. Give out zakat as at when due (that is obligatory). Everything happens according to the will of Allah. Everything should be done deliberately for the sake of Allah. Part of doing something deliberately for the sake of Allah is hoping for a reward from Him (in this life and in the life after death).
Halal means anything lawful Islamically.
Make sure your business is halal. You should give out sadaqa (it is not obligatory), Allah loves charity and He multiplies in reward for you. Give out zakat as at when due (that is obligatory). Everything happens according to the will of Allah. Everything should be done deliberately for the sake of Allah. Part of doing something deliberately for the sake of Allah is hoping for a reward from Him (in this life and in the life after death).
Halal means anything lawful Islamically.
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