The six steps of the Shari'ah financial planning
Shariah financial planning is the process of meeting a person’s financial and non-financial goals through a comprehensive plan and management of his property and finance based on Shariah rules and guidelines. In Shariah, a person’s wealth is not his own but held in trust for Allah. How one uses the property endowed to him determines his life in the hereafter. In financial planning, the financial goals are typically well understood; the non-financial goals are meant to fulfil one’s desire and obligation to comply with Shariah, nevertheless, they are achieved through finance, such as waqf and sadaqah (donation).
Shariah , Islamic financial planning , Islamic finance
Lahsasna, A. (2015). The six steps of the Shariah financial planning. Research Bulletin, 7. Retrieved from http://www.inceif.org/research-bulletin/the-six-steps-of-the-shariah-financial-planning/