Islamic Personal Financial Planning Resources

ASA,

Does anyone have Islamically based personal financial planning resources? 

Who is teaching North American Muslims,especially the children and youth, the basics of financial planning according to Islam, that precede investing? 

Where do we go for such resources?

ASA

Ayesha

Forums: 

Recommended Percentages for Budget Categories

Recommended Percentages for Budget Categories:

Charitable Gifts = 10 - 15%
Savings = 5 - 10%
Housing = 25 - 35%
Utilities = 5 - 10%
Food = 5 - 15%
Transportation = 10 - 15%
Clothing = 2 - 7%
Medical/Health = 5 - 10%
Personal = 5 - 10%
Recreation = 5 - 10%
Debts = 5 - 10%

Financial Peace Worksheet 6
"Financial Peace", page 249
www.daveramsey.com

* * *

Monthly Cash Flow Planning/Budget Form
http://www.daveramsey.com/media/pdf/fpu_monthly_cash_flow_plan_forms.pdf

Muslim Family Finances

Islamic Perspective on Economics and Money
http://www.soundvision.com/Info/money/

Family Finances Section (at bottom of page)
http://www.soundvision.com/info/marriage/

A Muslim Perspective on Credit

A Muslim Perspective on credit
http://www.soundvision.com/Info/life/credit.asp

A 6-Step Guide to Making Your [Islamic] Will

A 6-Step Guide to Making Your [Islamic]Will
http://www.soundvision.com/Info/life/6will.asp

Latest Edition of Will and Testament for Muslims in North America
Living Trust Documents for Muslims in North Americans
http://www.kahf.net/
http://www.isna.net/services/doc/

Debt-Proof Living

Debt-Proof Living
formerly Cheapskate Monthly
http://www.cheapskatemonthly.com/

Food for Thought > Savings

Food for Thought:

"Americans saving less than nothing - "

In November [2005] the savings rate was a negative 0.2 percent.

"Savings is the absence of consumption,'' he said.

- Sunday, January 8, 2006
Tom Abate, San Francisco Chronicle Staff Writer

http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2006/01/08/BUG7IGJHEK1.DTL&type=business

Food for Thought > Savings & Consumption Comparison

Food for Thought:

"We live in one of the richest countries [USA] in the world, and yet the average family does not have over $1,000 in the bank. The actual statistics are that the typical American saves 4.7% of his/her income, while the typical Japanese saves 18.1%."

- "Savings by Nation," Wall Street Journal statistics
as quoted in the book, "Financial Peace", by Dave Ramsey (1997), page 107

* * * * * * *

"Comparison of American and Japanese Consumption and Savings"
(Kyle Mudry's Entry For The 2004 Moffatt Prize in Economics)
http://economics.about.com/cs/moffattentries/a/us_and_japan.htm

Drive Free. Retire Rich. The Power of One Decision.

Presentation on how to
Beat Debt . . . Build Wealth
Drive Free. Retire Rich. The Power of One Decision.
http://www.daveramsey.com/etc/lms/drive_free/player.cfm

Early-Bird Hajj Financial Planning

Early-Bird Hajj Financial Planning
by Dr. M. Yaqub Mirza
http://www.amanafunds.com/hajj_main.html

Fiqh of Zakah (English) by ash-Sheikh Yousef al-Qaradawi

Fiqh Al Zakah (translation): Vol. 1 - Vol. 2
http://monzer.kahf.com/books/english/fiqhalzakah_vol1.pdf
http://monzer.kahf.com/books/english/fiqhalzakah_vol2.pdf

The Calculation of Zakah for Muslims in North America
http://monzer.kahf.com/books/english/Calculation%20of%20Zakah%20-%20revised.pdf

Affluenza: The Epidimic of Overconsumption

Af-flu-en-za n. 1. The bloated, sluggish and unfulfilled feeling that results from efforts to keep up with the Joneses. 2. An epidemic of stress, overwork, waste and indebtedness caused by dogged pursuit of the American Dream. 3. An unsustainable addiction to economic growth. 4. A television program that could change your life.

http://www.pbs.org/kcts/affluenza/

* * * * * * *

"Never before have our emerging environmental crises been laid out so clearly before us. Rather than shouting from the fringes, respected economists, scientists, and politicians are sounding the warnings in high-profile journals and the halls of government -- warnings that our oceans are dying, that the ice shelves are melting, and that we are setting ourselves up for the most massive and devastating market failure humanity has ever seen.

So we recycle our garbage. We vote greener. We buy sleek, new hybrid cars and fill our houses with energy-efficient light bulbs. And we put our money and faith in the brave and ingenious technologies that will rescue us from the whirlwind.

But it won't be enough. Because this is not, fundamentally, a technological problem. Nor is it, fundamentally, a political problem. This is a problem of appetites, and of narcissism, and of self-deceit. The planet is breaking, and it is breaking under the weight of our hunger for more. To reform the world, we must first reform ourselves."

http://www.affluenza.org/

America's Cheapest Family [of 7] Lives Debt Free!

America's Cheapest Family Lives Debt Free
The Economides Wrote the Book on Debt-Free Living

The Economides family are aptly named -- the family of seven lives a comfortable lifestyle on $35,000 a year, without credit. They've written a New York Times best-selling book called "America's Cheapest Family Gets You Right on the Money." (The Economides)

http://abcnews.go.com/2020/story?id=3432477

* * *

America's Cheapest Family of 7 Lives on < $35K/Year with NO DEBT!
http://abcnews.go.com/GMA/AmericanFamily/story?id=127871

* * *

America's Cheapest Family and The HomeEconomiser Newsletter are dedicated to encouraging you to find creative ways to live within your means, avoid debt with a smile, and achieve goals you never dreamed possible.

http://www.homeeconomiser.com/

Forbes Top Muslim Women 2007

IslamOnline.net Article

Muslim Women Leaders

Forbes Top Muslim Woman of Power 2007

Dr. Naher Taher (Saudi Arabian Female Economist)

http://tinyurl.com/3254fx

Interest Free Loan

Dear Brothers & Sisters

Assalam o alaikkum.

I am Ahamed from India..I am seriously looking some interest free loan? Can any one tell me where i can get the interest free loans? either from banks / organisations / persons?? Please.

Thanks
Ahamed...

getting out of debt

Hello I am a revert to islam. I am farely knowledgable about islam and it's teachings but am by no means an expert. I feel that I am burried by debt and would like to learn how to make appropriate lifestyle, spending, and budgeting changes in my life. I would appreciate any info that you could give me that would help in this cause (budgeting worksheets, advise, etc.

Dumping Debt

ASA,

A good place to learn the basics of personal finance (budgeting, dumping debt, emergency savings) is with Dave Ramsey > http://www.daveramsey.com/

Another excellent source is reading Dr. Thomas J. Stanley's books, http://www.thomasjstanley.com/ .

And for Islamic investing, read the resources on this site.

- Ayesha

Asset Management

We are a Forex Trading Company, with an impeccable track record in our managed account section. i have 8 years experience in the field, and earns his customers an average of 15% and 40% profit PER MONTH consistently, month after month.*

1 ) Risk Manage Account

minimum account size : $5000
per month return : 15% to 40%+
risk factor : 25%
manage fee : 25%

YOU keep full control of your money and decide upfront how much risk you’re willing to take, but with conservative trading, we are achieves a consistent average of 15% – 40% profit per month (This equals an unprecedented profit of more than one hundred percent per annum).

You can never lose more than what you are willing to risk.

When you make a profit, you can use the profit to trade your own money – in this way, your initial capital will never be depleted, and you learn the secrets of trading Forex successfully from a master.

This is unheard of in the financial and/or trading world, so do not hesitate. Contact us immediately before word gets out and our capacity is filled!

Kind regards,

Zafar Rizwan
Zay's Capitals
Forex Risk Manager

Cell Tel.: +92-332-3599048
Email: fashion125@yahoo.com

Networth IQ

ASA.

Years ago, after learning FPU principles and reading "The Millionaire Next Door", I have always been curious about the net worth of others.

And today, I was reading an interesting article on "Comparing net worth has become an obsession for people like Joey Kincer" by "Telling the world how much you're worth":

http://finance.yahoo.com/banking-budgeting/article/109545/net-worth-obsession?mod=bb-debtmanagement

What is your NetworthIQ?:
https://www.networthiq.com/

FUNDING

Salaam

We are a UAE based private consultants to investment companies, working on expanding our
international portfolio globally and financing projects. We would be happy
to receive an NDA if you have any viable project we can finance and partner
together by making financial investment in form of debt finance, after
which we can negotiate the funding modalities and duration of investment
and amount to invest.

We grant our funding at a guaranteed 4% ROI per annum for projects 6 years
term and above, 5% ROI for projects below 8-10 years term. We have the
financial muscle to fund projects between $1-500 Million USD,,
On receipt of the business plan by me and the CFO, we shall review and if
approved by the CFO, we shall then proceed with the loan agreement by
reviewing the term sheet of agreement. The security required to secure the
loan is that you will secure a surety bond from a reputable insurance
surety Broker here.

The funding is arranged through either Asian or Middle East sources.
The identity of the Investors and their websites will be disclosed to
the borrower upon signing of a Non-Circumvention/Non- Disclosure
Agreement. on demand.

His contacts are as follows.

DANIEL S.J. BANGARTH. ESQ
ADDRESS: 478 WATERLOO ST LONDON, ONTARIO
TELEPHONE: +44-7045756701.
E mail: Barrister-Daniel@barrister-daniel-s-j-bangarth.com
www.canadalawyerlist.com/lawyer/17862.html -
www.london.on.phonepages.ca/RFID5481047-tImages -

The borrower is required to work through a UK-based financial broker
that has the formal mandate from each Investor. The broker is charged
by the Investors to conduct scrutiny and due diligence of the
investment opportunity on their behalf. The identity of the Investors
will be disclosed to the borrower upon the signing a
Non-Circumvention/Non-Disclosure Agreement.

The total amount of investment to be disbursed is US$1,000,000 to
US$300,000,000 maximum which will be structured in any of the
following platforms;

We will proceed and issue the term sheet/Contract agreement for
signing immediately you accept to secure and provide this required insurance
surety bond which is the only form of collateral required against the
funding. Without the provision of the insurance surety bond there is no way
we can accept to fund your project because we must have a security for our
funds before we proceed with funding your project.

The basic need for the insurance surety bond is to guarantee from the
insurance that they will buy over the risk associated with the funding and
the fee will be refunded after two week of the closure of the funding. This
insurance surety bond is the security and bond between the borrower and the
lender and this is the risk bought over by the insurance by insuring both
the lender and the borrower. And the collateral insurance bond must be
resolved with the company we have used there services in the past.

If you need loan from this office, Provide the following below details.

(1) Total Needed Amount

(2) Company Name and Present Address:

(3) Name of Chairman

(4) Skype ID.

(5) Phone number.

Allah Blessings.
Ahmed Hakim

E mail: ahmedhakim@live.com
A & H Investment LLC
www.ahinvestment.ae
Skyp : amed.hakim2012

N/B: IF YOU ARE READY TO WORK ON THE TERMS STATED ABOVE , PLEASE DO SO BY WRITING TO MY PRIVATE E MAIL : ahmedhakim@live.com

Application for loan (India)

Dear Ahmed Hakim

Assalam Alaikum Wa Rahamatullahi Barakatahu.

Please let me know whether you provide finance (loan) to "SMALL BUSINESS". We have a small business of distributing Unani Products. Response for the products is pretty good. Unfortunately we don't have enough stock, pertaining to the demands, hence we are looking for Micro-Finance Providers.

Wassalam
Mohmedrafi Sayyad (India)