Islam and Business Finance

  Asalam alaykum " And when he is told, “Beware of God,” his pride leads him to more sin. Hell is enough for him—a dreadful abode.   And among the people is he who sells himself seeking God’s approval. God is kind towards the servants.  O you who believe! Enter into submission, wholeheartedly, and do not follow the footsteps of Satan; he is to you an outright enemy." Quran 2:206-208 Ma salam.

Hello readers, I hope you are all good. I am writing about ways to stop living from paycheck to paycheck. A lot of people live from paycheck to paycheck which means before they receive this month's salary they would have finished spending their last month's salary. It could also mean as last month's salary is finishing they receive this month's salary. Pay-day loans are now available if your present salary finishes before your next month salary.  Pay-day loans will just put you in trouble because you will have to pay interest on the loan and Allah (Exalted and Glorious is He) hates interest. If you die while you are still paying or receiving interest you will go to hell. " Those who swallow usury will not rise, except as someone driven mad by Satan's touch. That is because they say, “Commerce is like usury.” But God has permitted commerce, and has forbidden usury. Whoever, on receiving advice from his Lord, refrains, may keep his past earnings, and his case res...

Asalam alaykum " And remember God during the designated days. But whoever hurries on in two days commits no wrong, and whoever stays on commits no wrong—provided he maintains righteousness. And obey God, and know that to Him you will be gathered.  Among the people is he whose speech about the worldly life impresses you, and he calls God to witness what is in his heart, while he is the most hostile of adversaries.  When he gains power, he strives to spread corruption on earth, destroying properties and lives. God does not like corruption." Quran 2:203-205 Ma salam.

Asalam alaykum "When you have completed your rites, remember God as you remember your parents, or even more. Among the people is he who says, “Our Lord, give us in this world,” yet he has no share in the Hereafter.  And among them is he who says, “Our Lord, give us goodness in this world, and goodness in the Hereafter, and protect us from the torment of the Fire.”  These will have a share of what they have earned. God is swift in reckoning" Quran 2:200-202 Ma salam.

Hello readers, today I will be talking about the dangers around alcohol. Allah makes things forbidden for your own good. He created you so why not get a Quran to read. The Quran is a Book of Allah, It is a guide and mercy for mankind and jinns. Get one now and read.  He knows you more than you know yourself, He created everyt so why do you not abide to His guide. I know we all sin (minor sins) but you can always ask for forgiveness. Everything in this world and heaven is created by Allah (Glorious and Exalted is He). He knows everything, every tiny detail. He is the only One that knows everything. Alcohol is a drink forbidden by Allah. It is  a drink that satan uses to cause disputes between people. I am sure you have heard of men getting home drunk and beating their wives for no reason. Allah has never permitted beating your wife for no reason but He has permitted a man to beat his wife if she is disloyal and exhibits ill-conduct after trying other options.  " Men a...

  Asalam alaykum "The Hajj is during specific months. Whoever decides to perform the Hajj—there shall be no sexual relations, nor misconduct, nor quarrelling during the Hajj. And whatever good you do, God knows it. And take provisions, but the best provision is righteousness. And be mindful of Me, O people of understanding. You commit no error by seeking bounty from your Lord. When you disperse from Arafat, remember God at the Sacred Landmark. And remember Him as He has guided you. Although, before that, you were of those astray.   Then disperse from where the people disperse, and ask God for forgiveness. God is Most Forgiving, Most Merciful" Quran 2:197-199 Ma salam.

Hello readers, the news of a young man that was kidnapped and killed by fulani herdsmen just got to me. He was farming when he was kidnapped. It is really unfortunate that the government has done nothing tangible to stop this killing. Is it a crime to own a farm? I read about a woman whose hand was cut-off because she was farming. Some claim that the land does not really belong to the farmers, I doubt that. "Because of that We ordained for the Children of Israel: that whoever kills a person—unless it is for murder or corruption on earth—it is as if he killed the whole of mankind; and whoever saves it, it is as if he saved the whole of mankind. Our messengers came to them with clarifications, but even after that, many of them continue to commit excesses in the land." Quran 5:32 "Say, “Come, let me tell you what your Lord has forbidden you: that you associate nothing with Him; that you honor your parents; that you do not kill your children because of poverty—We provide for...

Asalam alaykum "The sacred month for the sacred month; and sacrilege calls for retaliation. Whoever commits aggression against you, retaliate against him in the same measure as he has committed against you. And be conscious of God, and know that God is with the righteous.  And spend in the cause of God, and do not throw yourselves with your own hands into ruin, and be charitable. God loves the charitable.  And carry out the Hajj and the Umrah for God. But if you are prevented, then whatever is feasible of offerings. And do not shave your heads until the offering has reached its destination. Whoever of you is sick, or has an injury of the head, then redemption of fasting, or charity, or worship. When you are secure: whoever continues the Umrah until the Hajj, then whatever is feasible of offering. But if he lacks the means, then fasting for three days during the Hajj and seven when you have returned, making ten in all. This is for he whose household is not present at the Sacred...

Hello readers, today I will be writing about the benefits of depreciating  your property, plant and equipment (PPE). I hope you are all good.  Companies buy properties, plants and equipments, as the PPE is being used it starts to wear and tear. Therefore, value of the wear and tear is deducted from the cost of the asset. The deduction is known as depreciation which is posted as an expense in the income statement also known as profit and loss account. There are different methods of calculating the depreciation but I will not be writing about that today. Insha Allah (if Allah wills) I will write about the methods in another article. The advantages are below: Depreciating your PPE while deducting it as expense will help keep money aside to buy a new property or plant or machinery when previous ones need replacements. Some people know about depreciation but do not know is a way of setting money aside to buy a new fixed asset. Another benefit is tax reduction. Without deducting dep...

Asalam alaykum "And kill them wherever you overtake them, and expel them from where they had expelled you. Oppression is more serious than murder. But do not fight them at the Sacred Mosque, unless they fight you there. If they fight you, then kill them. Such is the retribution of the disbelievers.  But if they cease, then God is Forgiving and Merciful.  And fight them until there is no oppression, and worship becomes devoted to God alone. But if they cease, then let there be no hostility except against the oppressors." Quran 2:191-193 Ma salam.

Hello readers, I will be writing about the ways you can improve your firm's profitability. Before I start, how are you people doing? I hope great. Hope you are keeping yourself safe from the coronavirus. The best way to protect yourself is to be a practising muslim. For further details read this article  Guides on coronavirus . Back to today's topic, how can you improve the profitability of your company. Everyone would like to increase the profit their company makes. Here are the ways below. -Enter a new market, for example you have been targeting the people between the ages of 18 and 25. To improve your profitability, you could make your products appealing to those above that age bracket. Another example, let us say you usually make a product for the middle and the upper class, to increase your profit you can make the product available in smaller sizes so that the poor can afford it. For example, a tin of peak milk which goes for 1300 naira in my area cannot be afforded by the...

Asalam alaykum "And do not consume one another’s wealth by unjust means, nor offer it as bribes to the officials in order to consume part of other people’s wealth illicitly, while you know. They ask you about the crescents. Say, “They are timetables for people, and for the Hajj.” It is not virtuous that you approach homes from their backs, but virtue is to be pious. So approach homes from their doors, and observe God, that you may succeed. And fight in the cause of God those who fight you, but do not commit aggression; God does not love the aggressors."Quran 2:188-190 Ma salam.

Asalam alaykum "Ramadan is the month in which the Quran was revealed. Guidance for humanity, and clear portents of guidance, and the Criterion. Whoever of you witnesses the month, shall fast it. But whoever is sick, or on a journey, then a number of other days. God desires ease for you, and does not desire hardship for you, that you may complete the number, and celebrate God for having guided you, so that you may be thankful.  And when My servants ask you about Me, I Am near; I answer the call of the caller when he calls on Me. So let them answer Me, and have faith in Me, that they may be rightly guided.  Permitted for you is intercourse with your wives on the night of the fast. They are a garment for you, and you are a garment for them. God knows that you used to betray yourselves, but He turned to you and pardoned you. So approach them now, and seek what God has ordained for you, and eat and drink until the white streak of dawn can be distinguished from the black streak. The...

Asalam alaykum How are you all doing? I hope great. Today, I will be writing about the sun, moon and stars. Allah created everything, including the sun, moon and stars. The sun, moon and star cannot make anything happen. Only Allah (Glorious and Exalted is He) can make things happen.  So why do some people worship the sun, moon and stars. If they do not repent and die has disbelievers, hell will be their home in the hereafter which is forever. Life on earth is like a drop of water from an ocean and life after death is the whole ocean and even more. The only religion that can help you be successful in this life and hereafter is Islam. "And He regulated for you the night and the day; and the sun, and the moon, and the stars are disposed by His command. Surely in that are signs for people who ponder" Quran 16:12. Thus the sun, the moon and the stars are signs for people that are intelligent to reflect on. Why would they worship them?  "Do you not realize that to God prostra...

Asalam alaykum "Should someone suspect bias or injustice on the part of a testator, and then reconciles between them, he commits no sin. God is Forgiving and Merciful. O you who believe! Fasting is prescribed for you, as it was prescribed for those before you, that you  may become righteous.  For a specified number of days. But whoever among you is sick, or on a journey, then a number of other days. For those who are able: a ransom of feeding a needy person. But whoever volunteers goodness, it is better for him. But to fast is best for you, if you only knew." Quran 182-184 Ma salam.

Hello readers, I will be writing about solar street light. While developed countries mostly have street lights, developing countries do not have it every well. So you can imagine how it will be in underdeveloped countries. Hmmm, we all know what street light is, so I do not need to define that, however, I think not  everyone has heard of solar street light. Well,  solar street light is a type of street light that is powered by solar panels. This solar panels charge rechargeable batteries which make the street light work at night. According to oxford languages, a solar panel is  a panel designed to absorb the sun's rays as a source of energy for generating electricity or heating. There are advantages for purchasing and installing solar street lights, there are also disadvantages. I would be looking at the advantages in this paragraph. Here they are; the energy cost are saved. It doesnt require maintenance as much as the conventional street lights. The operation cost are al...

Asalam alaykum "There is life for you in retaliation, O people of understanding, so that you may refrain.   It is decreed for you: when death approaches one of you, and he leaves wealth, to make a testament in favor of the parents and the relatives, fairly and correctly—a duty upon the righteous.  But whoever changes it after he has heard it, the guilt is upon those who change it. God is All-Hearing, All-Knowing." Quran 2:179-181 Ma salam.

Hello readers, how are you all doing? I hope great. I will be writing about things you might not think off that could help your crops grow well.  Not everybody is into agricultural business, for those that are into it you should learn a thing or two from this article. Those that are not into it can still learn as well cause it could be useful in the future Do you know soapy water is good for your plants. It helps prevent some kind of insects that could the attack the plants. However, you have to make sure there are no additives in the soap which can damage the crop. You could test it on one plant to make sure the soap has no chemical that could damage the plant. Your hair, yes , human hair can serve as a fertilazer. Hair is high in magnesium. However, it should be combined with other compost materials. That way the hair could offer support to roots as well as help break clumpy soil Epsom salt can also be used on your plants. It is safe and gentle on plants. It is made up of magnesi...

Asalam alaykum "That is because God has revealed the Book in truth; and those who differ about the Book are in deep discord. Righteousness does not consist of turning your faces towards the East and the West. But righteous is he who believes in God, and the Last Day, and the angels, and the Scripture, and the prophets. Who gives money, though dear, to near relatives, and orphans, and the needy, and the homeless, and the beggars, and for the freeing of slaves; those who perform the prayers, and pay the obligatory charity, and fulfill their promise when they promise, and patiently persevere in the face of persecution, hardship, and in the time of conflict. These are the sincere; these are the pious.O you who believe! Retaliation for the murdered is ordained upon you: the free for the free, the slave for the slave, the female for the female. But if he is forgiven by his kin, then grant any reasonable demand, and pay with good will. This is a concession from your Lord, and a mercy. Bu...

Asalam alaykum "He has forbidden you carrion, and blood, and the flesh of swine, and what was dedicated to other than God. But if anyone is compelled, without desiring or exceeding, he commits no sin. God is Forgiving and Merciful.  Those who conceal what God revealed in the Book, and exchange it for a small price—those swallow nothing but fire into their bellies. And God will not speak to them on the Day of Resurrection, nor will He purify them, and they will have a painful punishment.  It is they who exchange guidance for error, and forgiveness for punishment. But why do they insist on the Fire?"Quran 2:173-175 Ma salam.

Hello readers, how are you all doing? I hope good. Today I will be advising risk averters on how to invest their money. Or are you one of them, yes you?🙃 You know  I would not tell you to put your money in a conventional bank or treasury bills and the likes, I hate interest because Allah hates interest. You should hate it too.  Staying away from interest in this life will be beneficial in this life and the hereafter as long as you are a practising muslim, mashAllah (what God has willed). They may look good because you know you will get your money back with the interest, well, receiving interest will only lead you to hell-fire if you do not stop collecting it. May Allah protect we muslims from hell-fire, Amin. If you are not a muslim, you should become one. That is the only way to make heaven. Those conventional banks where some people put their money into lend the money to other people with high interest rates (there should be no interest rate) and do not care whether the peo...

Asalam alaykum "And when it is said to them, “Follow what God has revealed,” they say, “We will follow what we found our ancestors following.” Even if their ancestors understood nothing, and were not guided?The parable of those who disbelieve is that of someone who calls upon someone who hears nothing except screaming and yelling. Deaf, dumb, and blind—they do not understand.O you who believe! Eat of the good things We have provided for you, and give thanks to God, if it is Him that you serve" Quran 2:170-172 Ma salam.

Asalam alaykum I hope you are good. I will be writing about jinns today. christians do not believe that jinns exist. They believe that there are good and bad angels. The truth is there is nothing like bad angels. All angels are holy and good. They do not have freewill like humans and jinns. Angels are compelled by Allah (Glorious and Exalted is He) so they can never be bad. Some muslims have not heard of jinns that is because they have not read the Quran. An advise from me to you is to read It. It is the best guide for you. It is a mercy for mankind only if they will heed to It. It can also heal believers. " Had We made it a Quran in a foreign language, they would have said, “If only its verses were made clear.” Non-Arabic and an Arab? Say, “For those who believe, it is guidance and healing. But as for those who do not believe: there is heaviness in their ears, and it is blindness for them. These are being called from a distant place.” Quran 41:44 "And created the jinn from a...