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"Prayer to Avoid Riba and Debt, and 7 Tips for Managing Finances According to Sharia Principles"

Dream - In everyday life, many of us are faced with various financial problems. Including the temptation of usury and the burden of debt that can be a major obstacle to achieving a blessed life. Usury, which is strictly prohibited in Islam, can disrupt the economic order and result in social inequality. Meanwhile, debt that is not managed well can lead us into a vicious circle of financial problems that are difficult to overcome.

Avoiding usury and debt requires not only effort and careful planning, but also prayer and protection from Allah SWT. Seeking His protection and guidance to keep us away from unlawful transactions. Through prayer, may we be granted the ability to manage our finances wisely.

Prayer to Avoid Riba and Debt, and 7 Tips for Managing Finances According to Sharia Principles

However, it is important to pray to avoid riba (usury) and debt. Here are some prayers that Sahabat Dream can recite to avoid riba and debt, as well as provide tips for managing finances according to Sharia principles. Hopefully, by practicing these prayers and implementing good financial management, we can all achieve a more blessed life and be free from financially burdensome situations.

Prayer to be Protected from Riba and Debt

"Here is the prayer to avoid riba (usury) and debt that was taught by the Prophet Muhammad (PBUH) to Abu Umamah: ‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎&

               

Translation: "Meaning: "O Allah, I seek refuge in You from confusion and sadness, I seek refuge in You from weakness and laziness, I seek refuge in You from fear and greed, I seek refuge in You from the burden of debt and the pressure of people." Narrated by Abu Sa'id Al-Khudri, after practicing this prayer, Allah truly eliminated the confusion of Abu Umamah and granted him the ability to pay off his debts."

"Tips Manage Finances According to Islamic Principles"

Managing finances in accordance with Sharia principles is an important effort to ensure that our income and expenses remain halal (permissible) and blessed. Here are some tips for managing finances based on Sharia principles:

               

1. Avoid Usury

Make sure all financial transactions are free from usury (interest). Use Sharia banking products that do not charge interest. Good Financial Planning Create a monthly budget that includes all sources of income and expenses. Prioritize basic needs and allocate funds for savings and investments.

               
2. Zakat and Sedekah

2. Zakat and Sedekah

Pay zakat in accordance with Sharia regulations. In addition to zakat, increase charity as a form of worship and effort to purify wealth.

3. Halal Investment Choose investments that are halal and in accordance with Sharia principles, such as Sharia-compliant stocks, Sharia mutual funds, or properties. Avoid investments that involve elements of gharar (uncertainty) and maysir (speculation). 4. Avoid Unnecessary Debt As much as possible, avoid taking on debt. If you must borrow, make sure the debt is for a truly important purpose and is done through a Sharia-compliant financial institution.

5. Choose Sharia Insurance

Use Sharia insurance (takaful) that operates based on the principle of mutual cooperation (ta'awun) and is free from usury. Allocate a portion of your income for savings and future investments. Use financial management applications or tools to monitor income and expenses.

               

6. Avoid Excessive Consumption

Practice a simple life and avoid consumerist lifestyles. Focus on needs rather than desires. Consult with a Sharia Financial Expert. If in doubt, consult your financial plan with a Sharia financial expert to ensure all decisions are in accordance with Sharia principles.

               

7. Sharia Financial Education

Increase your understanding of Islamic finance through education and training. Attend seminars, workshops, or read literature about Islamic economics. By reciting prayers to avoid usury and debt and following the tips above, hopefully you can ensure that your finances are managed in accordance with Islamic teachings, thus obtaining blessings and prosperity in this world and the hereafter.

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