Islam is a diverse religious tradition that boasts more than one billion adherents around the world. Muslims have applied their faith to the realm of finance for more than 14 centuries, and since the 1970s modern financial institutions have introduced and strengthened the position of Islamic investing in the global economy. Assets managed in accordance with Islamic finance were valued at $2 trillion in 2015 and are projected to grow to $3.5 trillion in 2021.
Has your credit score or income increased after purchasing your second home? If this is the case, you may be paying more than you need to on that second mortgage. Have you considered refinancing your property at a lower rate? While people often focus on refinancing a primary residence, refinancing a second home is a similar process, and it can be just as worthwhile financially.
Forced displacement and migration is on the rise, both in terms of people displaced within a country and refugees who are compelled to cross borders. Factors such as war, violence, and climate change all contribute to displacement.
Many of us aspire to financial independence, but achieving it isn’t always possible without first changing some entrenched habits. Viewing money through a scarcity mindset and making impulse purchases, for example, can feel right when you’re short on cash — but those habits won’t boost your net worth and don’t reflect how you’d want to handle your finances if you actually attained wealth.
The share of income going to the top earners in America has been climbing for decades, resulting in divides between people at different income levels. In 2015, the top 1% of earners had an average income 26.3 times higher than that of the bottom 99%. Some social justice advocates believe that such large disparities are unjust and run contrary to the ideal of equal opportunity.
Getting ready for a road trip and realizing you don't have enough space in your car for everything and everyone can put a damper on things.
If you've outgrown your car, it may be time for a new set of wheels. Depending on your situation, you may decide to do a trade-in or private sale. Each of these options has its own pros and cons, and the difference in value between them can be substantial. Here's how to decide which is right for you.
Used cars are rarely in perfect condition, so it probably won't come as a surprise if you shop for a used car and find out that it needs its paint touched up or a tire replaced. But what if it needs more extensive repairs? Doing some research before you buy and negotiate the car's price can help you avoid unexpected bills and get the best deal. Here's how to shop for a used car that needs maintenance.
If you need to borrow money, you've likely done some research on the types of loans available. You've probably found that taking out a personal loan or using a credit card comes with a fairly high interest rate. However, it's possible to borrow at a lower rate if you use your home equity as collateral. The two main options for borrowing against home equity are a home equity loan and a home equity line of credit (HELOC).
Thoughtful borrowing is one of the top means to contribute to your financial wellness and help you reach your goals. But, before you borrow, take some time to learn more about the loans that are available. To ensure that you're making the best decision for your needs, compare your options for the long and short term. Everyone's finances are different, so your ideal borrowing decision will probably differ from others.
Just as there’s health insurance to cover medical expenses for people, you can buy pet insurance to cover unexpected veterinary bills for your furry friends. But you may be wondering, “Should I get pet insurance? Is it worth it?” Learning about the potential costs of veterinary care and the benefits of insurance can help answer these questions.
Pet insurance can be a lifesaver if your pet ever needs hospitalization or surgery.
Building credit and staying on top of your finances can come with some challenges, and those challenges are different for everyone. You have your own credit personality, which means that there are strengths and weaknesses in how you approach borrowing. Take this quiz to learn your credit personality and what it means for your finances.
Picture this: you've fallen in love with a house — the cozy fireplace, the welcoming front porch, and the cute kitchen. The offer was accepted, and now all that's left is the mortgage closing process to finalize the purchase of the new home.
While this requires some planning and paperwork, a mortgage advisor can help you understand the process and stay on track.
You're paying off your student loans — but are you paying more than you have to? If you're paying the same interest rate (or higher) than when you took out the loan, refinancing could help you save money on interest payments.
When you refinance student loans, you're generally taking out a loan with a different interest rate and payment terms from your previous loans.
It’s sometimes taken for granted that corporate directors are seasoned professionals serving on boards in the final decade or two of their careers. But as shareholders and other engaged parties call attention to a lack of gender and racial diversity in the boardroom, the issue of age diversity within boards is also moving to the forefront.
In terms of directors’ ages, boardrooms don’t look like the general population. Is that a problem?
The term “impact investing” was coined a little over a decade ago to describe an investment strategy intended to bring about not only social or environmental impacts but also financial returns. Since then, the movement has helped shape the conversation about the future of finance. But impact investing still faces many challenges that require strategic solutions.