Finance

DDHK.ORG - Riba is something that Muslims really shun because it is forbidden. But if you get excess money from what is lent, is that considered usury? Check out the consultation with the following Ustadz. Assalamualaikum warahmatullahi wabarokatuh. Want to ask about borrowing and paying problems. I was loaned a small amount of money, but he (who borrowed it) agreed that I would pay more later. What is the law on excess money? I already told you I don't give interest, shukron. Greetings, Fulanah ANSWER: وعليكم السلام ورحمة الله وبركاته Bismillah... Lending money is a noble deed, especially if the borrower really needs it. This is directly proportional to the law of debt, if not very forced, ... READ MORE

DDHK.ORG - Loans or debt are familiar things in everyday life. Providing loans is highly recommended to those in need. Especially on brothers. But what if the debtor doesn't even know himself and borrows again, is it a sin if he doesn't lend? Check out the following consultation. Assalamualaikum warahmatullahi wabarakatuh Ustadz, I have a question. Is it my sin, if my brother wants to borrow money but I don't give it because he used to borrow money too but it hasn't been paid for up to three years on the grounds of paying for his child's school fees. Please advise and motivate Ustadz, thank you. Barakallah. Greetings, Fulanah ANSWER: وعليكم السلام ورحمة الله وبركاته Bismillah... Helping... READ MORE

DDHK.ORG - Withdrawing cash while abroad is an important thing to know. Moreover, the momentum of the end of the year is one of the best times for a vacation with family. One of the important things that should not be missed when going abroad is bringing cash from the destination country. To make this activity easier, you can withdraw cash at ATM machines in tourist destination countries using the BCA Mastercard debit card facility. Reporting from Kompas, the ATM machine used must also have the Mastercard logo on it. Just so you know, ATM machines abroad have different cash withdrawal menu displays. However, the withdrawal systematic used remains the same. ... READ MORE

DDHK.ORG - Digital Rupiah money is the focus of development carried out by Bank Indonesia. Not long ago, Bank Indonesia (BI) published a design for the development of digital Rupiah money. This is summarized in the White Paper (WP). This WP outlines the formulation of a central bank digital currency (CBDC) for Indonesia by considering the principles of benefits and risks. This WP is the first step of the Garuda Project, a project that underlies various initiatives to explore various digital rupiah architectural design options. Reporting from the Kompas page, in response to the plan to issue digital rupiah, Chairperson of the Association of National Commercial Banks (Perbanas) Kartika Wirjoatmodjo explained that the banking industry will support digital rupiah. As for the role of banking, it will become a distributor. "We support. ... READ MORE

DDHK.ORG – Loans or online loans are still troubling. Currently, a new mode of fraud has emerged from illegal online loans (pinjol). Fraud under the guise of incorrect transfers to the accounts of potential victims is rampant. So far, cases of illegal online loans have made a lot of people miserable. Once caught in an illegal loan, the harder it is to get out. In this mode, the victim will receive a certain amount of money and a gang will contact and ask for the money to be sent to another account. When the money has been sent, the victim will bear the burden of the bill from the loan. Reporting from detikFinance, the chairman of the Investment Alert Task Force, Tongam L Tobing, revealed that this mode is widely used. "The mode... READ MORE

DDHK.ORG — Being an employee is synonymous with mediocre income. But actually an employee can also be rich. Here are 6 tips given by financial planners, Tejasari Asad and Andy Nugroho, that an employee can apply to improve their financial condition, as quoted from CNN Indonesia. First, start investing. According to Tejasari, investment will develop employees' money more optimally. “We can raise the money we have much higher. It means that our money works while we also work,” said Tejasari. He advised employees to set aside at least 10 percent of their total salary to be invested. The investment assets he suggests are those that are above inflation. That is, the value... READ MORE

Does the Return of Savings Investment in the Bank Include Riba? Assalamualaikum. Ustadz, I want to ask. If we put our savings money, such as being invested in a bank and the bank is loaned to the public for business capital, then we get a return from the money we have invested in the bank, does the result include usury? Thank you, Ustadz. Regards, Fulanah ANSWER: Wassalamu'alaikum warahmatullahi wabarokaatuh. Bismillah… Islam manages all the affairs of its people perfectly, including financial matters. There are so many contracts or financial transactions that are practiced by people in this life, especially in the modern era like today. Where the human population is increasing, so... READ MORE

DDHK.ORG — Indonesian migrant workers working overseas earn on average four to six times more than when they worked in Indonesia. So that their chances of investing are much greater. However, consideration of the halalness of investment products is still a problem for some Muslim PMIs. Responding to this, Personal Growth and Financial Microblogger Setiawan Chogah said, sharia investment products are one solution to these concerns. According to him, investment activities are halal and there are recommendations in the Alquran and hadith. In addition, there are many stories that suggest developing and managing finances, so that investment is a lawful thing. Islamic investment... READ MORE

DDHK.ORG — One of the problems of people working abroad is buying investment products. This time we will discuss investment products that are safe for migrant friends. Before deciding to invest, you must first know that investing is not a shortcut to getting rich. Investment is a vehicle that we can use to realize financial goals. Let's look at the following illustration: Riana wants to have her first Rp100 million. Working as a migrant worker in Hong Kong, Riana has an income of IDR 7 million per month. Currently, he already has Rp. 20 million in cash. How can investment help Riana to reach her first Rp100 million? ... READ MORE

DDHK.ORG – Office workers may be more likely to experience a salary increase every year, but not necessarily for Friends who work as Indonesian Migrant Workers (PMI). In addition, there are many Indonesian migrant workers who when they return to their hometown after being unable to work again, they do not have any assets, even though they have been working for many years. All due to not being able to manage salaries properly and correctly. Personal Growth and Financial Microblogger Setiawan Chogah has tips for you so that Indonesian migrant workers can prosper when they return to their hometowns and no longer work. Come on, start setting your salary with these steps: Don't delay... READ MORE