Islam and Business Finance

Image courtesy of Apolonia at FreeDigitalPhotos.net Hello readers, today I will be writing about work-life balance. According to businessdictionary.com, work-life balance "is a comfortable state of equilibrium achieved between an employee's primary priorities of their employment position and their private lifestyle." All work and no play makes Jack a dull boy, thus, you should find a balance between work and play. Here are some tips to help you achieve it. 1. Do not check your email (work) after working hours, this will help improve the quality of time you spend with your family and friends. Thus, you should not be distracted by work when spending time with your family and friends.  2. When you decide to improve the situation of your work life balance, take it one step at a time. For example if you do not get to spend time in the evenings with your family during the week days due to coming back late from work, you should decide to spend one day a week

Asalam alaykum, I have prayers for all muslims. Hope you are good. Here they are Rabbana Aatina Fid Dunya Hasanatou Wa Fil Aakheerati Hasanatou Waqeena Aazaban Naar Oh Allah give us goodness in this life and goodness in the hereafter and save us from the punishment of the fire Waqeena Aazabul Qabr .... and save us from the punishment of the grave Waqeena Aazabul Hashr .... and save us from the punishment of the day of reckoning Waqeena Aazabul Faqr .... and save us from the punishment of poverty Waqeena Aazabul Meezaan .... and save us from the punishment of the scales Waqeena Aazabul Karz .... and save us from the punishment of debt Waqeena Aazabul Marz .... and save us from the punishment of sickness Waqeena Aazabul Aafaat .... and save us from the punishment of calamities Waqeena Aazabul Sakraat .... and save us from the punishment of the pangs of death Waqeena Aazabul Maut .... and save us from the p

Hello readers, today I will be talking about marketing strategies to be used during a challenging period. In order to be able to cope successfully during a financial crisis in an economy your business operates in, you should do the following. - Find an opportunity in the market that other competitors have not explored and focus on attracting new customers. These new customers include the ones that have not been provided with your services as a result of not meeting their requirements. This will help you survive during the financial crisis. - Promote your products by sending emails to potential  customers. This will help you get more customers during the crisis. The title of your email must be catchy so that your emails will be read. - Build a good customer service relationship with existing and potential customers. That could serve as a competitive advantage. Thus, you can keep in touch with customers that are comfortable with it, this can help differentiate your

Do have a great one!

Hello readers, I will be writing about the top 6 universities in Nigeria according to the National Universities Commission (NUC). Here they are 1. University of Ibadan It is the oldest university in Nigeria. It was established in 1948. It takes the number one position according to NUC. It is located in Ibadan, Oyo State. It has more than 33,000 students. It is the first university in Nigeria to be ranked within the top 1000 universities by Times Higher Education. 2. University of Lagos This beautiful university takes the number 2 position according to NUC. It was established in 1962. It is located in Akoka, Lagos State. It has more than 57,000 students. It is also known as Unilag. 3. University of Benin According to NUC, it takes the number 3 position in Nigeria. It was established in 1970. It has more than 49,000 students. It is located in Benin, Edo State. 4. Obafemi Awolowo University This nice university is located in Ile-Ife, Osun State. It was established

Hello readers, I will be writing about strategy formulation. Strategy formulation could be seen as a process whereby the best courses of actions are chosen so as to achieve the goals and objectives of your business. Thus, achieving the vision of your organisation. The first step to take when formulating your strategy is to define the long term goals and objectives of your business. You will then have to evaluate your business environment using the PESTEL analysis framework. You will also analyse the strengths, weaknesses, opportunities and threats of your business using the SWOT analysis framework. The PESTEL analysis will help you understand your environment. Both frameworks will let you know the competitive position of your business, which will guide your strategy. The next step you will take is to turn some of your objectives into quantitative targets. This will help you know the value that might be added by various operating departments. These values must be identified, af

Hello readers, today I will be writing about ways you can prevent competitors from imitating your products. “Imitation is the most direct form of competition; thus, for a competitive advantage to be sustained over time, barriers to imitation must exist”. ( Robert M. Grant ). Isolating mechanisms is used to describe the barriers that limit the threats of imitation. These are the ways below: • Obscuring superior performance: “A simple barrier to imitation is to obscure the firm’s superior profitability“. ( Robert M. Grant ). That is you should hide your firm’s profitability from the public. However, public limited companies are not able to do that • Diagnosing Competitive advantage: “If a firm is to imitate the competitive advantage of another, it must understand the basis of its rival’s success”. ( Robert M. Grant ). Thus, the way you achieve your competitive advantage should not be known to the public. • Acquiring Resources and Capabilities "An imitator can moun

Hello readers, today I will be telling you what verse and chapters you should recite after every obligatory prayer and at bedtime. Here they are Surat Ikhlass (Chapter 112) Bismillaahir-Rahmaanir-Rahim Qul Hu-wallahu Ahad; Allaahus Samad; Lam yalid, wa lam yunlad; Walam yakul-la-Huu kufuwan ahad. Meaning in English The Unity In the name of Allah , the Most Beneficent, the Most Merciful Say: He is Allah, the One! Allah the eternally Besought of all! He begetteth not nor was begotten. And there is none comparable unto Him. Surat Falaq (Chapter 113) Bismillaahir-Rahmaanir-Rahim Qul a-uuzu bi Rabbil Falaq, Min-sharri maa khalaq: Wa min-sharri gaasiqin izza waqab, Wa min-sharrin-Naffaasaatil fil-uqad, Wa min-sharri haasidin izza hasad. Meaning in English The Daybreak In the name of Allah , the Most Beneficent, the Most Merciful Say: I seek refuge in the Lord of Daybreak, From the evil of that which He created; From the evil

Hello readers, today I will like to tell you about 6 top universities. The aim of this article is to keep you informed. I hope your week has been good so far. Here they are California Institute of Technology This university has been ranked first by timeshighereducation.com, fifth by topuniversities.com and seventh by bestschools.org. This institution was founded in 1891. It has 2,240 students while undergraduates students are 979 in all. Post graduate students are 1,261 in all. It is located in Pasadena, California, USA. Harvard University This university has been ranked sixth by timeshighereducation.com, third by topuniversities.com and first by bestschools.org. This institution was founded in 1636. It has 21,200 students while undergraduates students are 6,700 in all. Post graduate students are 14,500 in all. It  is located in  Cambridge, Massachusetts, USA. Massachusetts Institute of Technology This university has been ranked fifth by timeshighereducation.com, fir