We all go through situations where only one thought circles our mind. “I want money NOW”. A financial emergency brought about by some minor crisis at home, like an accident, like someone broke a knee or a hand. Children’s activity in school, or some other financial contingency and the lack of enough funds… we have […]
The Need For Protection
Every member of the community in his day-to-day life is invariably exposed to the possibility of encountering catastrophe, disaster and mishap which may give rise to all sorts of misfortune and tragedy such as death, fire, burglary, motor accident, etc. For a Muslim he must believe in the catastrophe or disaster befalling him as `qada’ […]
How is Profit Shared In Takaful
In consideration for participating in the takaful programme which forms the basis of a joint-guarantee and mutual help among the takaful participants through various products provided by the takaful operator, the participants would pay a certain sum of fees, like a subscription, called takaful contribution which is then credited into a special fund known as […]
Profit Sharing For General Takaful
The Mudharabah or profit-sharing principle which forms the basis of the takaful contract provides additional incentive to takaful participants. From the consumer perspective this is the value added feature of takaful business. By the profit-sharing arrangement which is guaranteed under the contract, the takaful contribution paid in consideration for participating in the takaful product will […]
Family Takaful As An Alternative To Life Insurance
It is human nature that anything new would not normally be easily and readily accepted as a matter of course. When takaful was first introduced as an alternative for Islamic insurance in the early eighties, there was strong reservation that it would not be viable, and what more profitable. In fact similar reservation was expressed […]
Paying Debt
Resolve Your Debt Before Things Get Out Of Hand
The idea to consolidate all the outstanding loans, straight away into personal loan; is certainly the finest option for anyone who is struggling with acute debt. The thought of debt consolidation occurs in the mind of the consumer, when he starts getting phone calls and emails from various collection agencies. There is a fair chance […]
Ultimate Debt Free Tips You Should Consider
Debt Free Tips Do you wish to clear your debt and become debt free say in 2 years or maybe 5 years time? If that’s the case, have you figured out the best way to have this goal become reality? If you’ll just tally up more positive frame of mind in the direction of your […]
Build an Emergency Fund When You’re Already in Debt
Are you financially prepared for an emergency? More than a quarter of all Americans have no savings stored up, and nearly three-quarters lack enough savings to cover six months of expenses, a 2013 Bankrate survey found. Being financially unprepared for an emergency leaves you vulnerable in the event of a job loss, a sudden medical […]
Implementation of Effective Debt Management Strategies
If you want to know how difficult it is to effectively manage debt, you don’t need to look any further than the U.S. Federal Government. For decades we’ve been spending more than we can afford and continually running up our debt by trying to please everyone and making emotional decisions about where and how to […]
Is There Such a Thing as “Good” Debt?
Most people believe that being in any debt is a negative thing. This was never more evident than after the hard-hitting recession of 2008, when overspending ways, living beyond one’s means, and heavy borrowing caught up to millions of Americans. While many are still trying to work their way out from under the debt, and personal […]
Bad Credit Loans Are Available
You may not spend a lot of time thinking about your credit score but if you have a bad credit rating, you may find that it is difficult to obtain what you are looking for in life. Credit is an integral part in modern life but if you have misused credit in the past or […]
Top 10 Risks of Reverse Mortgage
Mortgage? Reverse mortgage? Direct Reverse Mortgage? Name it and we will hand it to you in a silver platter. Yes, the business of loans in the Philippines is evidently taking the center stage now. For instance, reverse mortgage loan seems to be the perfect solution for a retiree with low monthly income, but take time […]
Obtain A Mortgage Loan Or Find Homes For Sale
Do you want to buy your own home? Are you falling short of cash? If yes, then you need to know that there are several mortgage loans with which you can get money and accomplish your ultimate home. While mortgage loans help you purchase your dream abode, there are also homes for sale in the […]
Mortgage Modification: Get Debt Relief And Undo Credit Score Damage
You can avoid losing your home over foreclosure by opting for the government mortgage modification programs. These programs are administered by the U.S. Department of Housing and Urban Development (HUD). One of the federal mortgage debt relief programs is known as Home Affordable Modification Plan (HAMP). What is HAMP? The federal mortgage loan modification program […]
Should I use a Commercial Mortgage Broker?
During the course of business, there will come a time when you need to raise funds for business expansion, or to meet financial obligations. That is the time when most business owners turn to commercial mortgage. Whether you are applying for commercial mortgage for the first time or the n-th time, the process and paper […]
