UIF Corporation’s Post

🏆 Vote UIF #1 Again - Islamic Finance News Awards 2023 UIF has been voted as the “Best Islamic Real Estate Financier” in the industry for the last 8 years. We would like to make it “9 in a row” in 2023 with Allah's (swt) help and your support. If you can take just one minute out of your busy schedule and vote for UIF, it will mean the world to us. 💡How To Vote: bit.ly/VoteUIF2023 Step 1: Click link above, and after entering your name, email, title, and company continue to the sixth page titled 'Best Islamic Real Estate Financier'. Select UIF (University Islamic Financial) which is listed last on this page. Step 2: Continue to the end and submit the poll. IFN will email you to confirm your email address and your ballot. Step 3: This step is very important! Please check your personal email and confirm your Vote. If you don’t confirm, your vote will not be counted. IFN does not spam you or contact your company in any way. They just want to ensure you are a real person, not a robot. - Islamic Financing Solutions - UIF Corporation - 29777 Telegraph Rd, Suite 3590, Southfield, MI 48034 - NMLS ID# 93460 - Equal Housing Opportunity hashtag #islamicfinancing hashtag #halalfinancing

Last week, Sterling Private Wealth presented a YouTube talk by Kevin Lings, Chief Economist from STANLIB, in which he provides an insightful analysis of the recent South African National Budget. He discusses how the government is managing its debt, using a windfall from foreign exchange reserves to reduce the debt burden and aiming to decrease borrowing requirements and interest payments. However, he also raises concerns about the sustainability of this approach, the lack of focus on economic growth in the budget, and the government’s continued reliance on high consumption expenditure. Lings also addresses the uncertainty surrounding the National Health Insurance and the two-pot retirement system. Despite these concerns, he notes that the bond market reacted positively, and credit rating agencies are unlikely to change their ratings. From a wealth management perspective, this talk raises concerns about long-term economic growth, which could potentially impact future tax burdens and investment opportunities. It’s essential to be aware of these underlying issues when making financial decisions. Please take the time to watch the video and then drop us a line so we can discuss how we can take the latest national budget into account when managing your wealth and/or planning your retirement savings. https://lnkd.in/dTEyrcH4 . . . #Janethugo #economist #STANLIB #KevinLings #southafrica #government #debt #FinancialPlanner #financialwellness #Finance #investing #womenfinance #womenempowerment #womenandmoney #InvestingSmart #wealthmanagement #fundmanager #financialadvisor #investment #breakthebias #FinancialPlanning

38M=How Much In Bahrain Dinars? The meaning of "38M" stands for Thirty-Eight Million in Bahrain Dinars in the actual money in BHD; 38M is equal to 38,000,000. The letter "K" is used to determine the shorthand equation of “Million” in financial terms. https://lnkd.in/drgWGy-C

Should I open an Islamic savings account or an Islamic cheque account? The choice between opening an Islamic savings account or an Islamic cheque account depends on your financial needs and preferences. Both types of accounts are Sharia-compliant and designed to operate in accordance with Islamic principles. Here are some factors to consider when making your decision: https://lnkd.in/dH58Z_VA

Summary of the video by Almir Colan - The Wisdom behind the Prohibition of Riba (https://lnkd.in/d2JNAzTb) Introduction Islamic finance's prohibition of riba (interest) calls for equal, immediate exchange in monetary transactions. This article, drawing from Almir Colan's explanation, unravels the wisdom behind this rule using the Global Financial Crisis as a case study. The Nature of Money Transactions In Islamic finance, a one billion-dollar loan must not yield two billion dollars over time. Such transactions raise usury and unfair profit concerns, laying the groundwork for riba prohibition. The Domino Effect: Global Financial Crisis During the Global Financial Crisis, banks bundled loans into collateral debt obligations (CDOs), promising high returns. Banks pursued aggressive lending to create larger CDOs, pocketing huge profits but also fueling an unsustainable debt cycle. Unchecked Debt and Market Collapse Less capable borrowers began defaulting on loans, reducing CDOs' projected cash flows. This led to plummeting property values, more loan defaults, and an economy-wide crisis. Concurrently, some institutions took insurance on these risky CDOs, benefiting from their collapse, revealing a glaring disconnect in the financial sector. Riba's Prohibition: A Protective Mechanism The crisis originated from the exchange of unequal amounts of money—loans for larger future returns. The prohibition of riba in Islamic finance prevents such exploitative practices, fostering economic justice, and discouraging potential debt bubbles. Conclusion The prohibition of riba, when viewed through the lens of financial crises, highlights the need for fair trade and economic sustainability. It's not just a religious rule but a vital protective economic mechanism, offering crucial lessons for global financial systems.