Finance

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

DDHK.ORG — Debt is a classic problem, one that many people probably have. With this opportunity, we will discuss it, so that it might be a material for consideration and lessons so that you don't have to go into debt. The story of Siti and Maya Before we move on to the material, please listen to the following story of two Indonesian migrant workers in Hong Kong named Siti (not her real name) and Maya (not her real name): Siti works in Hong Kong as a migrant worker. This is her first time working in Hong Kong. Maya is also a migrant worker, having been in Hong Kong longer. They are good friends. They spent time together, seeing each other almost every day. Maya... READ MORE

DDHK.ORG — Fundamentals of financial management: Determine the goals to be achieved. Planning, with the formula Salary – Savings = Expenditures. Create a budget and record expenses. The salary that has been deducted for savings is the remaining salary that we can spend every month. Maybe to be sent to Indonesia, maybe also to make ends meet in Hong Kong. The concept of spending it, Needs vs. Wants. We have to really predict whether the goods we will buy are really what we want or just our momentary desires. Sometimes, because there is a sale and the price is cheap, we are then interested in buying a product. In fact, we do not really need these items. ... READ MORE

DDHK.ORG — Friends of migrant workers come from Indonesia to Hong Kong to work and earn money for their families and for certain purposes. Let's try to explore how we manage our finances wisely, so that we can achieve our goals and achieve our desires in the future. There are several facts about migrant workers in Hong Kong. Namely: As many as 1 in 2 migrant workers are in debt to pay recruitment fees. Only 6-7 percent of migrant workers return home with sufficient money. Only 18 percent of migrant workers have a bank account. As many as 83 percent of migrant workers have debt. Surely, friends come to Hong ... READ MORE