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MuslimMoney Meal

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I'm at RIS this weekend. Come say salam!

Salam Reader, I'm in Toronto for RIS this weekend. For a while now, I've been asking Muslims a simple question: Did the Muslim community help you learn about money? Over 95% of the people I've spoken to say no. 95%! When I dig deeper, the story is almost always the same: the money conversations we do have in our communities focus on the what. Give charity. Stay away from riba. Both true, both important. But we rarely get into the how. How do we find financial clarity as Muslims? How do we...

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: Why running finances on assumptions is a bad idea πŸ” Main Course: Black Friday, Cyber Monday and "anchoring" 🍰 Dessert: Half of livelihood, half of wisdome, and half of knowledge Starter πŸ₯— πŸ”— See the full post on Instagram Main Course πŸ” A couple weeks ago, I wrote about Khalil, a brother making $70,000 who logs into his bank and has no idea what he can actually afford. Every dollar in his account feels simultaneously spendable and...

When every dollar feels simultaneously spendable and spoken for.

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: How to respond to a turbulent stock market πŸ” Main Course: Khalil's one-account problem 🍰 Dessert: Did the Prophet ο·Ί save? Starter πŸ₯— πŸ”— See the full post on Instagram Main Course πŸ” Every month, $4,200 hits Khalil’s chequing account. And every month, rent comes out, as does groceries, gas, and his gym membership. He pays for occasional dinners with friends and whatever else comes up. Whenever he’s prompted to check how he’s doing, he...

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: Money can serve or destroy you πŸ” Main Course: How Muslim couples unintentionally sidestep Islamic inheritance (even with a will). 🍰 Dessert: Ibn al-Jawzi's advice to his son Starter πŸ₯— πŸ”— See the full post on Instagram Main Course πŸ” How Muslim Couples Unintentionally Sidestep Islamic Inheritance (even with a will) When Aisha and Ibrahim bought their $500,000 Calgary home five years ago, they did what every home buyer does: went to a...

Salam Reader, Starting this week, I'm including full articles in the email itself (whenever possible) rather than making you click through to MuslimMoney.co. This is the experience I prefer as a reader, so I'm bringing it to you. Here's what we're serving this week: πŸ₯— Starter: How to answer the most important money question. πŸ” Main Course: Why AI will make money harder, not easier. 🍰 Dessert: When too much of a good thing is a bad thing. Starter πŸ₯— πŸ”— See the full post on Instagram Main Course...

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: A message to every high school senior πŸ” Main Course: A new web app for financial clarity 🍰 Dessert: A quality of the servants of the Lord of Mercy Starter πŸ₯— πŸ”— See the full post on Instagram Main Course πŸ” See Where Your Money Went LastMonth LastMonth was born from my frustration working with clients who couldn’t quickly ascertain where their money went over the past month. Many households have over 100 financial transactions every...

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: A framework to make money decisions πŸ” Main Course: The full Servus Halal mortgage review 🍰 Dessert: A hadith on how your provision will always find you Starter πŸ₯— πŸ”— See on Instagram Main Course πŸ” Servus Halal Mortgage: The Real Numbers Are In Is the new Servus Halal mortgage the right choice for you? To find out, we need to look at real numbers. Over the past couple of weeks, I reviewed official pre-approval documents from a...

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: A 50-year-long conversation πŸ” Main Course: A short article on fiat currency dodging the prohibitions of riba 🍰 Dessert: Umar ibn al-Khattab on money Starter πŸ₯— πŸ”— See on Instagram Main Course πŸ” Do dollars dodge the prohibition of riba? Muslim jurists started wrestling with that question in the 19th century. In an academic paper published last year, Sh. Yousef Wahb unpacks the entire debate. It’s rich with historical colour and...

Dr. Sami Hamud's $2 Trillion PhD

Salam Reader, Here's what we're serving this week: πŸ₯— Starter: How 'conventional finance' was enforced across the Muslim-majority world πŸ” Main Course: The story of a PhD that sparked a $2 Trillion Industry 🍰 Dessert: A hadith on the station of a trustworthy business person Starter πŸ₯— πŸ”— See on Instagram Main Course πŸ” β€œThe PhD That Birthed a $2 Trillion Islamic Finance Industry” is the first of a two‑part series. Part 2 will review Servus Credit Union’s new halal home‑financing option in Alberta....

Salam Reader, I'm experimenting with a new schedule for the MuslimMoney Meal. You can expect the newsletter in your inbox every Sunday evening, insha'Allah. I hope you find some value in this week's newsletter. If you do, please forward it and encourage others to sign-up. Here's what we're serving this week: πŸ₯— Starter: Money in Marriage πŸ” Main Course: A new Islamic Inheritence calculator 🍰 Dessert: Ibn al-Qayyim on miserliness Starter πŸ₯— πŸ”— See on Instagram Main Course πŸ” Calculating Islamic...