How Scopes of Investment is Boosting The Growth of Muslim Economy?

 

People like to increase their savings and assets but it should be in accordance to the religious rules. And in Islam you have the scopes to invest in some really profitable provisions. However, to reap the best benefits out of your investment or saving, you have to be familiar with some tips. This knowledge will also help you increase your assets as per the religious rules.

1. Remember the religious savings conditions

Are you aware of islamic investment? It is a type of savings based on religious principles and it is different from predictable wealth management. Before a client invests, his saving is examined and researched as per the religious codes and ethics. The Islamic business works as per the religious regulations. The Islamic financial system has its own banks, saving centers, saving firms, fund managers and insurance companies, but they are governed by Islamic laws and not by conventional financial schemes.

2. Profit making is a secondary goal

In investments for Muslim, the main motive of a Muslim business should be to please Allah and not to charge excessive profit. Of course, looking for profit is not ruled out, but it should not be the main objective.

3. Must be truthful and sincere

Sincerity, good behavior with clients and truthfulness is very necessary in Muslim business. This will surely increase your trade. A Muslim business should build trust and confidence with the clients and should not be dishonest in doing business. The commerce should be very transparent.

4. Should be open to inspection and criticism

This is a sour tablet to ingest, but by doing so, your business will be cleaned and your clients will be keener to work with you. This will help you to build trust with your clients. We are accountable to Allah so you should not cheat anyone. The fear of God is most important. Islamic business is not only a one man’s profit making mechanism, rather it is for the whole community. The business should be conducted on the ethics of Quran and on the Holy Prophet’s lifestyle.

5. Keep your business neat and clean

This is important for Muslims indulged in grocery and meat selling businesses. Wash the blood of the meat thoroughly so that no presence of animal blood is projected. If the blood of the meat is not cleaned carefully, then your customers will be subjected to ailments and you will lose clients. The equipment and storage areas should be hygienically maintained. You must improve the list of items in your store and provide better service to your clients; this will increase your business and you can rope in more customers.

6. Work with others with harmony

Brotherhood in the religion should not be forgotten. Be co-operative and kind to others, so that you can flourish and maintain a good relationship with your clients. The co-operation will make your business prosper and will instill trust and confidence in the hearts of your clients