Fouad | Muslim Financial Independence Blog

The financial independence blog for muslims who want to invest and retire early; the Halal way. Find us at

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

Come visit the Muslim Financial Independence blog at https://t.co/prhAEGkSZ7 where we are building a community of muslim savers and investors.

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

@SorcererTrading Hi

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

@SafdarAlam Ramadan Mubarak Safdar! May you have a blessed month

[Safdar Alam @SafdarAlam]

The (economic) wisdom I see in the Quran and hadith is simply astonishing. I am still discovering it.

Then I read the vast and varied modern rulings on Islamic banking and it’s like we entered the Twilight Zone.

What the heck happened …?

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

Hello muslim makers, we are looking for more volunteers to join our project @SiyamCapital . Looking for Tech resources who can donate their time and work with our all-volunteer team. JAK. sign up here: https://t.co/6kUMyReF6F

[Safdar Alam @SafdarAlam]

Debt and Riba has, for some time, become the preferred method to enslave people and countries. It is easier, and cheaper, than invasion.

What we have is tiers of slavery.

Those on the lower rungs are not even able to recognise the collar around their necks.

Riba. We love it

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

Great and informative thread on what asset types / conditions are applicable to be paid for the yearly Muslim tithe tax (Zakat). Zakat is an amount donated (minimum 2.5 % of eligible assets) to be the poor and needy and is an obligation on all Muslims.

[Joe @joebradford]

Let's talk Zakat on Assets:
- 1st, assets you do not pay Zakat on.
- 2nd, assets you do pay Zakat on.
- 3rd, deductions and expenses that lower your Zakat liability.
A thread 🧵:

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

@joebradford JAK. Thanks for the insight! Would love to read the next article on it.

[Joe @joebradford]

Here's a post I wrote about SAFE documents and how they convert to equity. I wanted to present what I believe to be a more accurate characterization of the docs and how they function.

In short, they are بيع بما ينقطع به السعر مع الإقالة عند عدمه
https://t.co/EbL17b2YaL

[Safdar Alam @SafdarAlam]

Muslims don’t care about ethics. We are more interested in what we can find that has a halal label.

[Fouad | Muslim Financial Independence Blog @MuslimFinancial]

@joebradford Mashallah, Great article Joe! Very interested in Islamicaly worded SAFE Contract templates for those early family/friends round of startup funding.

[Safdar Alam @SafdarAlam]

🔥 Hot off the press: “Safdar Alam - Newsletter - Issue #2” https://t.co/XZcNEDIw4r (via @revue)

Many financial markets are broken, and how retail (you and me) get the worst deal of all ...
Also - why SMEs matter !

[Safdar Alam @SafdarAlam]

Muslims - Breaking News !!

We have a website, and we are on twitter

We have 50 volunteers from my rant on 1 Jan, please support them with the smallest action

Please support, simply sign up to be updated on what we are doing, and follow @SiyamCapital

https://t.co/f6U9WzqCUT

[Safdar Alam @SafdarAlam]

https://t.co/M3JYl83wxp

https://t.co/CrDTzx3m72

[Safdar Alam @SafdarAlam]

Shock

Actual scholars (who are not paid to give positive opinions) give opinions on Islamic home purchase plans, one article calls it plain haram, the second says the following:

" ... ruse ... deception rooted in Riba ...totally prohibited ... "

Links in following tweet ...

[Safdar Alam @SafdarAlam]

In the fight against Riba - there are many enemies of different forms. You have to avoid some and overcome some.

The main ones to overcome are ones supported by Muslims.

[Safdar Alam @SafdarAlam]

A typical comversation:

Muslim : All you do is criticise Islamic banking. Where is YOUR solution?? You are a complainer. If you have a solution - I will help you.

Me : Join our project to fight Riba. *Link*

Muslim : I don’t want another app on my phone.

OK.

[Safdar Alam @SafdarAlam]

Get this off the ground. It is time Muslims stop being passive spectators and take control of our destiny in this age and time.

May Allah swt keep our intentions pure and reward Muslims in their efforts many fold.

Ameen

[Safdar Alam @SafdarAlam]

If you are willing to be part of this please reply below or DM. Whether it is a specialist skill in any area of tech, or offering to support the projects in administration and organisation.

I truly believe we have sufficient skill and resources and good will here on twitter to

[Safdar Alam @SafdarAlam]

Muslims, please share 🙏🏼

The scope for modern tech to help Muslims globally is vast.

There is a space in between charitable/deen work and start ups that is larger than everything put together.

If no one is filling this space - then I may give it a shot ... continued