ICFAL in Paramatta | Community organisation

ICFAL

Locality: Paramatta

Phone: +61 1300 042 325

Address: Suite 12, 55 Phillip St 2150 Paramatta, SA, Australia

Website: http://www.icfal.com.au

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• Financial service

25.01.2022 PREPARATIONS BEFORE LEAVING FOR HAJJ A person needs to physically and mentally prepare him/herself for Hajj. Physically, one should start to boost their immunity, get in shape, stay healthy so that your trip goes smoothly. Moreover, make a to-do list and gather all the things you would require, like clothes, food, etc. ... Here is a detailed blog on Hajj travel for your convenience: icfal.com.au/everything-there-is-to-know-before-planning-yo

25.01.2022 Why you need to invest in your childs education In todays world, giving your child a good education is one of the best and surest ways you can help them with a secure future. If your child goes to a great school, they have a better chance of getting accepted into a good college, which means that they are likely to end up with a great and successful career. As parents, you want nothing but the best for your children, and presenting them the gift of a good education is one ...of the best things you can do.With a good education, your child can get into a good college and land a great job. ICFAL can help you through the process. Visit the link to know more: icfal.com.au/the-significance-of-children-education-fund-is

24.01.2022 ~ Access a wide selection of loans and financial benefits by choosing Islamic investment ~ Australia is a wonderful place to set up roots and start a family. The country has one of the best schooling systems, robust employment opportunities for both locals and immigrants and it is a great place to purchase your very first home. But all of these expenses may sometimes become too much. You may need finance to meet these rising expenses. So, who should you turn to then?... Traditional Australian banks are governed by the Reserve Bank of Australia, which charges interest on loans. They also generate their loan money from non-halal investments, which go against Shariah beliefs. But dont worry. This isnt your only alternative. Today, you have specialized Shariah-compliant Islamic financial organizations offering halal loans that are completely interest-free. The best thing about them is the extensive range of financing options that they provide. Islamic finance and Investment comes in various forms education funds, Super Fund, property finance loans, vehicle financial loans and many more. According to Shariah beliefs of generosity and support. Plus, it incurs zero interest. These days, Islamic Organizations actively support stocks and shares investing. This is an excellent way of investing money ethically. All of the funds invested in are halal and care is taken to ensure that all Shariah rules are met before the portfolios are designed. Islamic Financial Institutions offer a wide range of financing solutions that are managed according to Shariah laws. This protects them from problems of a collapsing economy. To know more, visit the link below: icfal.com.au/islamic-finance-help-you-in-australias-current

23.01.2022 Make Australia the worlds premier technology hub with your halal investment The global technology industry is burgeoning these days. Numerous countries around the world are vying to become the go-to technical hubs. Australia is one of them. But the advantage is that Australia already has the resources and talent to become a global innovation hub. One of the resources that are making this a reality is halal investment. Reports by various Australian governmental a...nd private agencies has revealed that the technology industry in Australia is one of the fastest-growing in the country. It is believed to grow to a $65 billion market by the end of 2019. With greater state-of-the-art equipment and machinery being made right here in Australia, investors will have an excellent opportunity to generate large dividends here. An investment in technology will go a long way in making the country a better place to live. This is a halal investment that focuses on doing research and developing innovations to solve the terrible problems that plague the country. Additionally, investment in technology will give create more STEM jobs, which will prevent youth from resorting to antisocial activities. The rate of return involved in technology and software investment is certainly high. But then again, so too are the risks. But dont let this be a cause for concern. With the advice and assistance of the right Islamic institution, you can ensure that you take the right, Shariah-compliant decisions for your investments. At ICFAL, we can help you invest in a halal way. Reach out to us for more information. icfal.com.au/halal-investment-opportunities

23.01.2022 SAVING TIPS FOR YOUR CHILDS EDUCATION: Every parent wants the best possible future for their child. There is no extent a parent would not go to ensure a safe and happy future for their child. Here are a few tips from ICFAL to make sure you are at a better place when it comes to financing your childs education.... 1 It is best to start saving at an early age. Perhaps cutting down a few expenses or even collecting money in a penny jar is a good option. Whatever kept today will help your child tomorrow. 2 Invest your money in a savings account, buy bonds or even in a committee. For more information, check out this article: icfal.com.au/the-significance-of-children-education-fund-is

22.01.2022 Your halal investment could curb climate change Climate change is the life-threatening challenge of the hour. Unfortunately, it is a problem that we have brought upon ourselves. Many companies, especially those in pork product production, liquor manufacturing, and petroleum products have produced by-products that have destroyed the ozone layer of the Earth and contributed to climate change. You may be wondering if there is something that you can do about this. As it turn...s out, there is. These days, many new companies have cropped up, whose sole mission is to stop climate change. These companies require monetary support to achieve their goals. This is where you step in, with halal investments. Companies are designing technologies that are environmentally sustainable and which can reduce Australias carbon footprint. Investing in such a company is not only smart, but also Shariah-compliant. Shariah codes state that we must support socially beneficial businesses. What is more beneficial than a company that can stop climate change With your halal investments you can provide the sustained finances that these companies need to bring their green technologies to life. Your halal investment will bring you to the forefront of a global attempt to preserve the diverse and fragile ecosystem in the world. Dont you want to be part of such an epic endeavor Invest in halal funds today. Contact ICFAL for options of halal investing icfal.com.au/halal-investment-opportunities

22.01.2022 Shariah-compliant funds the best way to deal with your rising Expenses The inflation rate in Australia is certainly high compared to the history-wide record lows of the previous few years. However, it still isnt the country with the highest inflation rate in the world. But this doesnt mean your expenses are any lower. The truth is, the cost of living in Australia has increased considerably. Byron Bay, Sydney and Kiama are the three most expensive cities today. Resear...ch by Fidelity International shows how expenses have risen in Australia from the early 2000s to 2018-19. Insurance costs have gone up 118%, preschool & primary schooling fees by 159%, secondary education fees by 203%, medical expenses by 195%, food by 62% and housing by 94%. When you put it all together, and add the rising inflation, the overall cost of living in the country are almost insurmountable. Islamic finance really helps in managing and meeting these expenses. Islamic finance instituitions offer loans to applicants with no interest component. Now, you can get finance when you need it and you dont have to worry about the interest rates that other banks change. Apart from interest-free loans, Islamic finance is committed to helping members achieve their dream of becoming property owners. So they assist by bearing the secondary expenses associated with home ownership. For example, Islamic banks contribute to the utility expenses like water & electricity bills, council fees and other smaller housing expenditure. This can help you save your finances and direct it towards housing EMIs. Visit the link below to know more on how you can be benefitted: icfal.com.au/islamic-finance-help-you-in-australias-current

21.01.2022 Check out some useful information about Hajj. This is part 1 of our 3 part video series on Hajj. If you want to see the next 2 videos, make sure you subscribe to our Facebook page.... In part #2 - we will talk about how you can look to gather funds for your Hajj or Umrah - so keep an eye for our next video.

21.01.2022 Your investment in halal stocks could save lives Have you always wanted to do your part for the Australian community? Do you feel joy by being of use to your fellow brothers and sisters If yes, then an investment in the healthcare industry in Australia is one of the best ways you can achieve your philanthropic goals. These healthcare investments are Shariah-compliant. The Australian healthcare sector is a 152 billion industry that grows at a rate of 3.6% CAGR. This mean...s, any halal investment you make in healthcare and healthcare technology companies, will continue to yield higher and higher rates of returns as the years progress. According to reports, investments in the healthcare industry can give you very promising dividends and profits. Apart from the very high rate of profit, youll also be happy to know that it was your halal investment that made possible the development of many medical technologies. At the end of the day, Shariah expects all of its followers to work towards the betterment and upliftment of humanity. What better way to do this, than through making healthcare investments If you are considering making a healthcare investment, you may be wondering which areas you can invest in, to ensure you remain Shariah-compliant. Well, information technology, healthcare administration, mobile health, public free health services, care of senior citizens, pediatrics, imaging, and digital health are all good options. ICFAL is one of the leading bodies for halal investments and halal finance. Speak to us for help with your investment needs. Visit Our Website icfal.com.au/halal-investment-opportunities

20.01.2022 The state of the Australian economy and what can help it Australia has been a rich and prosperous country for years. The country has been an active contributor to the economy of the world. It offers employment to millions of people from around the world and it is home to people from all ethnicities, religions, and regions. But this brilliant country is in trouble. Australia is heading towards tougher times. The land down under has reported having an inflation rate o...f 1.90%. This is high, considering the record lows the country experienced a mere 2.5 years ago. But what is worse today is that most Australians are living paycheck to paycheck. Few can afford to meet the rising costs of goods and services. This has resulted in a massive slowdown in the market. Studies show that 36% of Australians can live off their lifelong savings for a mere 4 months before they reach critical conditions. The rest, cannot afford to do even that. So, what can Australians do, during such turbulent times? One way is to protect their money by investing in stocks that have a history of performing well. The other way is to seek financial support that doesnt drain your coffers with abnormally high-interest rates. But do such avenues exist Living in todays economic landscape can be challenging. But, at ICFAL, we have solutions that can help. Speak to us today1300 042 325 Visit Our Website icfal.com.au/islamic-finance-help-you-in-australias-current

19.01.2022 HAVE YOU EVER THOUGHT OF "HALAL INVESTMENTS" Halal defines what is permissible under Islamic Law known as "Shariah". Halal Investments are financial products that are deemed adherent to Shariah. Interest is strictly forbidden in Islam. In these days, how can you invest in a halal way when conventional banking/investments is all about interest-based finances What are the other means of investments in which interest must not be involved or which are termed halal investm...ents? This refers to investing funds or doing transactions that are compliant with the Islamic Sharia law. This investment is different from the other common forms of investment due to its prohibition of investment in debt-laden companies that may cause a high risk to the investor. The main benefit of halal investment is that it encourages people to invest in a socially responsible manner. They are advised to avoid investing in industries that promote alcohol, smoking, pornography and so forth. It is also Haram, that is, against the Islamic law, to invest in companies that derive their profits mainly from interest or interest (lending money for profit), Casinos and gambling, pork, hedging in silver and gold, ordinary insurance and financial services that generate their income from interest. It is the utmost duty of every Muslim to find a Shariah based investment that adheres to rules and regulations described in the Quran and Hadith. ICFAL adheres to the methodology of investing in halal way for over years, and they are providing opportunities for fellow muslim Australians as well. To know more, Click the link below: icfal.com.au/halal-investment-opportunities

19.01.2022 TIPS FOR MANAGING HAJJ BUDGET: Hajj is one of the most important pillars of Islam, and it is mandatory for every physically and financially able Muslim. No matter what the financial status of a person, he needs to plan the Hajj budget very carefully. But dont worry, you have come to the right place. ... Here are some tips for planning your Hajj for the coming year: 1 Search for the best Hajj packages, which include visa, transport and accommodation. If you are individual, try to get with the agency offering the groups to perform Hajj, which makes it extremely affordable than when planning solo. 2 Travel costs in Saudi Arabia need to be kept in mind. 3 Estimate and plan the gifts you want to take back to your loved ones beforehand and manage the budget accordingly. So, it does not clash with your required daily expenses such as food For more help, click here: icfal.com.au/everything-there-is-to-know-before-planning-yo

17.01.2022 How halal investments distribute the risks of a poorly performing economy Most conventional banks are willing to grant you the finances you need. However, they are not willing to bear the risks and challenges you experience, even if these risks were unforeseeable. You will still need to pay the entire principal plus interest once you borrow the money. This can add a lot of pressure to your already burdened pocket. Islamic financial instituitions dont operate the way con...ventional banks do. Since Islamic financing works on the principal of helpfulness, you will benefit from their extremely borrower-friendly policies. Not only do Islamic instituitions share the profits they earn with you, but they may also bear the losses and cover the risks you have experienced equally. Islamic finance helps purchase housing. But when the economy performs very poorly, your real estate investments may take a hit. From property expenses & costs rising significantly to a loss of a job that prevents your making the payments, a lot of unanticipated issues can plague you. This is where Islamic instituitions can help you by taking over a portion of these expenses from you. The ability to reduce both borrower and investor risk in a failing economy stems from its operational strategy. Islamic banks invest in only socially beneficial companies and well performing industries, which will continue to give good returns. This gives these banks the financial freedom to bear a large part of your financial risk and expenses. Additionally, they are aware of propertys long-term profitability, which will offset any current losses. Click the link below to know more: icfal.com.au/islamic-finance-help-you-in-australias-current

17.01.2022 ~ Children education fund tips you should know ~ Are you a parent who is investing in an education fund for your child If so, then make sure you start saving early. The earlier you save, the more funds you will end up with. Remember to set a clear goal as to how much you want to save. ... The goal should be realistic and should consider the quality of education you want for your children. Another great way to increase your savings is to simply cut down on unnecessary expenses throughout the years. A simple lifestyle allows you to save more. You can save more for your childs education by making smart choices that will help you maximize your returns. To know more, click the link below: icfal.com.au/the-significance-of-children-education-fund-is

14.01.2022 ~ What to know about endowment policies for your child’s education ~ If you want to invest in your child’s education and get great returns but don’t wish to take high risks, then endowment policies are the perfect solution. Today, there are various endowment plans which are designed specifically for children’s education.... These are great because instead of providing a lump sum at the end of the policy, the maturity payout is spread over the university years. To learn more about endowment policies, go through this blog post: icfal.com.au/the-significance-of-children-education-fund-is

12.01.2022 TIPS FOR CHOOSING THE RIGHT CAR: Buying a car is a very exciting process, but the range of options can be confusing and sometimes drive you to make the wrong choice. We are here to help you narrow down your options according to a few important tips: ... 1Size of the car: buying a smaller car if you want to save money and if it caters to your needs. 2Work out your car budget: if you are a working man/women, check your finances and see how much you can pull aside for the car. 3Decide on whether to buy a new or a second-hand car. 4Consider fuel efficiency: a better option would be a hybrid car if you want to be fuel-efficient and/or commute less than thirty miles a day. 5Compare different price ranges online and by visiting the show-rooms. icfal.com.au/car-finance

12.01.2022 Halal investment an ethical way out of poverty Australian workers are suffering from stagnant wages. Prices of consumables like bread, milk, cheese, and vegetables have skyrocketed. Unfortunately, salaries being paid are not commiserate with the increase in product prices. You may be considering other avenues to generate money. This is where halal investments will be of great help. There are numerous investment opportunities available to residents of Australia. Of thes...e, some of the most lucrative avenues are the investment opportunities that come from companies that deal with banking & insurance, selling of liquor, gambling & betting and manufacturing. But should you choose them to put your money in While its true that all of these businesses are certainly lucrative, it is also true that they are not Shariah-compliant. This is where halal investments come in handy. These investments come from companies that engage in socially responsible businesses. Now you dont have to worry about compromising your beliefs when investing. Some of the best halal investments that allow you to make the highest earnings come from industries like technology, telecommunications,food, and agriculture. Australia is a land that is rich with resources that these industries require, making these companies highly profitable and competitive investments. They will help you make the money you need to live comfortably in these financially challenging times. The way out of poverty is through Shariah compliant halal investments. Speak to our team at ICFAL to identify the most profitable investment opportunities. icfal.com.au/halal-investment-opportunities

11.01.2022 Where does Islamic finance fit in? Todays Australian population require financial solutions that can help them meet the growing expenses in the country, while also ensuring that their pockets are not overburdened. While the solution sounds appealing, the question is is this possible? As it turns out, it is. Today, people residing in Australia can seek assistance from financial institutions. Islam follows the tenets of Shariah. According to Shariah codes, followers m...ust not engage in financial activities where they may profit by overtaxing other people. Islamic financial institutions provide financing in Shariah-compliant ways, by ensuring they dont charge interest on funds borrowed. The objective of Islamic finance is simple. Make available quality, finance to applicants and ensure they arent burdened by unhealthy interest rates. The best part about Islamic finance is that all funds borrowed are halal. They are generated using only halal means, ensuring that you remain faithful to your Shariah beliefs. What can you do with Islamic finance? Thats the other amazing thing. You can do absolutely any Shariah-compliant thing. You can pay your house bills, you can afford sending your children to good schools, you can buy quality groceries and you can find financial freedom in such tight, economic conditions. To learn more about Islamic investment, reach out to our team at ICFAL- icfal.com.au/islamic-finance-help-you-in-australias-current

10.01.2022 Hajj Trip + How to Arrange funds NOTE: This is part 2 of our 3 part video series on Hajj. If you havent seen the 1st video yet, please go to the following link and watch that first.... bit.ly/Hajj_Fund_1 Make sure you subscribe to our Facbeook page to be notified when we release the 3rd and the final part of this video series on Hajj. In this video - we talk about how you can look to gather funds for your Hajj or Umrah - very useful information. Hope you like it. If you want to explore ICFAL and ICFALs Hajj fund, make sure you visit the following link Hajj fund: icfal.com.au/hajj-fund We have also published blogs on this topic. Here is the blog: icfal.com.au/everything-there-is-to-know-before-planning-yo

10.01.2022 Invest in halal funds today and brighten your childs tomorrow Many investors or potential investors start investing because they want to create a nest egg for their future. One of the primary reasons for this nest egg is their childs education and marriage. Maybe youre investing for the same reason. If you are, youve come to the right place. A halal investment is an excellent option to consider if you are investing for your children. It is also a great option i...f you are interested to save for your retirement years. With a halal investment, you can earn large dividends from companies whose operations are Sharia-compliant (as high as 8%). Interesting isnt it? Contrary to popular misconception, halal investments have the same level of profitability as other non-halal investments. This way, you dont have to worry about saving for your childs future. You do not need to worry about breaking Sharia codes of conduct by investing in non-halal funds. Invest in halal funds today and experience their benefits. Many halal companies offer investments that have varying terms. This should give you plenty of time to amass enough money for your childs college or marriage. Start investing early in a halal way preferably when your children are toddlers. This will ensure youre not overburdened to save later. A Sharia-complaint halal investment can help you create the savings you need for your childs future. Visit ICFAL for more information.icfal.com.au/halal-investment-opportunities

10.01.2022 Make Australia the world’s premier technology hub with your halal investment The global technology industry is burgeoning these days. Numerous countries around the world are vying to become the go-to technical hubs. Australia is one of them. But the advantage is that Australia already has the resources and talent to become a global innovation hub. One of the resources that are making this a reality is halal investment. Reports by various Australian governmental a...nd private agencies has revealed that the technology industry in Australia is one of the fastest-growing in the country. It is believed to grow to a $65 billion market by the end of 2019. With greater state-of-the-art equipment and machinery being made right here in Australia, investors will have an excellent opportunity to generate large dividends here. An investment in technology will go a long way in making the country a better place to live. This is a halal investment that focuses on doing research and developing innovations to solve the terrible problems that plague the country. Additionally, investment in technology will give create more STEM jobs, which will prevent youth from resorting to antisocial activities. The rate of return involved in technology and software investment is certainly high. But then again, so too are the risks. But don’t let this be a cause for concern. With the advice and assistance of the right Islamic institution, you can ensure that you take the right, Shariah-compliant decisions for your investments. At ICFAL, we can help you invest in a halal way. Reach out to us for more information. icfal.com.au/halal-investment-opportunities

09.01.2022 ICFAL has pledged to donate $1000 to the NSW Rural Fire Service to support the national emergency engulfing this nation. If you would like to also contribute please click the link below or contact your local fire emergency services. https://www.rfs.nsw.gov.au/volun/support-your-local-brigade

09.01.2022 ~ Is Islamic investment the right choice for you? ~ If you are a Muslim, then Islamic investments may be a great option for you. Islamic investments offer services that do not violate the rules of Islam. In other words, they are halal, thereby enabling you to follow what your faith demands.... For instance, the concept of interests is not Islam-friendly, but with Islamic investment, certain models are followed which allow generation of profits. Islamic investments have significant differences from conventional banking which may work better for Muslims. Click the link below to know more: icfal.com.au/banking-in-islam-and-conventional-banking

08.01.2022 Cost of raising a child increases year by year The cost of raising a child is not cheap, but did you know it is increasing at a rapid rate every year across the globe? With the global economy slowing down, raising children is becoming quite an expensive affair, even in Australia. Here, the average cost of raising a child till they turn seventeen is more than $297,600, with education taking up the most dollars. Public schooling can be as expensive as $66,000, while privat...e schooling is even more expensive at about $475,000. All these contribute toward the importance of investing in an education fund for your kids. The global economy may be worsening, but that doesnt mean your childrens education has to suffer. You can still give them the best you can and ICFAL can help you. To know more icfal.com.au/the-significance-of-children-education-fund-is

08.01.2022 Important questions to ask before investing in an education fund Before you invest in an education fund, there are few important questions to ask. For example, how much should you invest and who can contribute to the funds? What are the best investment options for you so that you have enough funds by the time your child is ready for college? How much will you be charged as fees? These are a few of the important questions that you must seek answers to before investing in an education fund. Click on this link to find out more about the important questions that you should ask so you can make the best decisions for an education fund: icfal.com.au/the-significance-of-children-education-fund-is

08.01.2022 How halal investments help local businesses Halal investments are an excellent option for those following Sharia. If you are considering how and where to invest, you should consider investing in small businesses. Local businesses are the ones that help the community thrive in the long run. They need public assistance to get off the ground. One way to help local, small entrepreneurs and businesses, is to make a halal investment. A halal investment is one that supports th...e cause of Sharia-compliant and socially responsible businesses. With just a small investment, you can set the stage for a better and brighter tomorrow. Your halal investment will allow the local business to start and thrive in your community. These days, many social evils are plaguing the world. Some companies are profiting from such social evils. Studies show that over 80% of all adult Australians take part in gambling. Investing in such companies will only further these evils. But with a halal investment, you can relax in the knowledge that your money is going into the right hands. A halal investment that you make today can be the first step towards becoming an invested and responsible citizen of Australia. Not only will you be shaping the countrys future positively, but you will also be one of the seminal people responsible for Australias booming economic growth. So, what are you waiting for? Go HALAL. A halal investment can help the local community thrive and allow you to benefit from the countrys economic growth. Contact ICFAL for information about making halal investments. icfal.com.au/halal-investment-opportunities

06.01.2022 TIPS TO TEACH YOUR CHILD: No doubt having children is one of the greatest blessings in life. But with blessing comes responsibility as well. We have to raise ethical and kind practising children.... 1 Kids learn by imitating their elders; we all know that. So the best way to teach them is by practising good deeds yourself and becoming a role model for them. 2 Children are very malleable; it is best to start basic moral and ethical teachings at a young age, paving less confused paths for them in the future. 3 Spending time with our children and respecting them as individuals raise their morale and build up their confidence. Because they realise that their opinion matters in the family. For shariah compliant child education programs and tips visit our website here: icfal.com.au/the-significance-of-children-education-fund-is

05.01.2022 ~ What are the different types of Hajj? ~ There are three different types of Hajj, which are Hajj-ul-Ifrad, Hajj-ul-Qiran, and Hajj-ul-Tamattu. The first type, Hajj-ul-Ifrad is only performed when a person wants to perform Hajj while entering ihram. Someone who performs this type of Hajj is called a Mufrid.... Hajj-ul-Qiran is performed by a Qarin who intends to perform Hajj as well as Umrah with a single niyah while entering ihram. The last type, Hajj-ul-Tamattu is performed by a Mutamatti who has to be in ihram twice for two different niyahs. Visit the link below to know more about Hajj, and also get more information on how you can pursue your Hajj planning: icfal.com.au/everything-there-is-to-know-before-planning-yo

05.01.2022 Investing in halal Property & infrastructure can boost your finances Are you looking for a halal investment to invest your money in If there is one investment that has a history of being an excellent performer and which is renowned for being halal, it is real estate. Property and infrastructure investments are an excellent option to consider if you want high dividends. In 2017, the property & infrastructure market in Australia rose by 11%. According to a report by CBRE, 2...019 is expected to take after its predecessor in terms of the markets responsiveness and performance. The supply of properties, lands and commercial infrastructure will increase, meeting the demand of local and foreign buyers. According to a survey by property portal Juwai, the number of Chinese property buyers is increasing by the year in Australia. Out of the 1.2 million Chinese tourists, 27% are actively looking to buy property. This means that firms will start developing more properties this year. Your planned investment into such companies can bring you high dividends. So what does this mean for a potential investor? With new property development projects in the pipeline by both private and state-run companies, you will see a boom in the industry. Investing your money in this halal market right now will give you head start in earning high rates of profit. ICFAL can help you buy your dream home or invest in real estates. Call us today to know more1300 042 325 Visit our website icfal.com.au/halal-investment-opportunities

03.01.2022 Research finds large number of parents argue over childs education. Quarrels and disputes are common among couples, but did you know a large number of parents argue over their childs education? A research conducted in Hong Kong found that as much as 33% of parents have argued with each other regarding the education of their kids. Many of them argue over whether to send them to local/international/overseas schools, or famous/ordinary schools, while some argue over whether t...heir kids have to go for extra tuition. This shows that childrens education is an important family matter. A large portion of couple disputes is regarding childrens education. Visit the link below to know more how ICFAL could provide a solution: https://icfal.com.au/the-significance-of-children-education

03.01.2022 Lack of transparency the cause of major economic problems One of the major contributing reasons for the fall of an economy is lack of transparency. When countries fail to be open and honest about their operations, then problems start. Residents wont know what to invest in or how to live. This will further escalate the number of problems that the country faces, until one day, inflation or recession will be upon them. According to reports by the Drugs and Crime and the ...Organisation for Economic Co-operation and Development of the United Nations Office, approximately 10%-25% of all public contracts during procurement are lost to government non-transparency and corruption. This accounts for $2.35 trillion globally, annually. Even Australia, despite having a corruption index of 13/176, is not transparent with the public. There is a lot of speculation that takes place at the highest rungs of important economic institutions, which determines the state of the countrys economy. Many of these speculators and bidders do not care about the general publics welfare, but only about reducing the Governments and Central Banks burden. This is where Islamic banks and Islamic financing really help. These institutions do not indulge in any speculation, bidding or other non-transparent activities. An agreement is signed when you first open an account and all financial transactions are conducted according to this agreement. You will be happy to know that the promises made to you will be honoured, notwithstanding the state of the economy. Click the link below for more information: icfal.com.au/islamic-finance-help-you-in-australias-current

02.01.2022 ~ Do Islamic Financial Institutions generate profits? ~ Contrary to popular belief, Islamic financial institutions do generate profits. Just because they dont follow the concept of interest does not mean the financial institutions do not make profits. They simply do so by following models which do not break Islamic principles. For example, they adopt revenue-sharing and unique concepts such as Mudaraba and Ijarah and more. These models allow the customer and the instituti...on to engage in a normal trade relationship that doesnt break Islamic principles. Visit the link for more information: icfal.com.au/banking-in-islam-and-conventional-banking

02.01.2022 ~ Protect your wealth the ethical way through Sharia-compliant investments ~ A failing economy can be devastating to your savings. You will have worked very hard to earn this money. But by not taking precautionary measures, you may end up losing everything you have to the poor economy. Investing in mutual funds, stocks and shares are one of the best ways to keep your savings safe.... Conventional Australian banks, investment agencies, and stockbroking companies make it very easy for individuals and entrepreneurs to invest their money. However, there is no guarantee that such investments will be ethical. The objective of traditional financing institutions is to increase the rate of return. To do this, they often invest in businesses that give high dividends, but which are morally questionable. For ethical investments, you need to approach Islamic institutions. Islamic financing provides members who are interested in investing, the opportunity to put their money in carefully selected stocks and shares. These investment portfolios are completely halal. This means they follow all the laws, beliefs and rules as stated by Shariah. Now you can rest assured knowing that your money is in ethical investment. These days, halal investments and portfolios are recognized across Australia and the rest of the world. So, you will have no problem investing in these funds. Additionally, depending on the type of stocks in your portfolio, the returns from your halal funds may be tax exempt too. This will help you increase your finances. Halal investments are the best way to engage your money in a poorly performing economy. At ICFAL, our Self-Managed Super Fund is designed to bring you high returns through Shariah-compliant investments. *ICFAL is not a fund manager and does not provide advice. Check out the link for more details: icfal.com.au/islamic-finance-help-you-in-australias-current

02.01.2022 ~ Why is Hajj performed by Muslims? ~ Hajj is a pilgrimage that should be performed by every Muslim who has the financial means to do so. For a Muslim, performing Hajj by visiting the house of Mecca is a duty that should be completed to obtain the consent and pleasure of Allah.... If you are a wealthy Muslim, it is your fard (obligatory duty) to perform Hajj at least once in your life. If you are sick but still have the means for the pilgrimage, you can send someone on your behalf. Hajj is a must for every Muslim who has the means to go on the pilgrimage to Mecca. It is an important part of being a Muslim. Visit the link below to know more aspects of Hajj and how you can save for it: icfal.com.au/everything-there-is-to-know-before-planning-yo

02.01.2022 GET THE MOST OUT OF YOUR SELF-MANAGED SUPER A Self-Managed Super Fund is your personal Super Fund which provides YOU to control over your Super on how and where it would be invested. You can use your SMSF to invest with ICFAL. We can help your Super fund be invested in a way that is Islamic Shariah-compliant. Islamic Super Fund invests your money according to Islamic Shariah law... When we say about shariah approved investments, it means ICFAL actively avoids investments in industries such as gambling, alchohl, tobacco, weaponry and interest-earning organizations. ICFAL focuses on profitable, asset-based investments that contribute to the benefits of humanity while abiding by the law of Allah Our moto for SMSF is all Australian Muslims should protect and invest their retirement wealth without compromising their Islamic core values. To know more how you can invest your Super with ICFAL, Click the link: icfal.com.au/superfund

02.01.2022 ~ What to know about endowment policies for your childs education ~ If you want to invest in your childs education and get great returns but dont wish to take high risks, then endowment policies are the perfect solution. Today, there are various endowment plans which are designed specifically for childrens education.... These are great because instead of providing a lump sum at the end of the policy, the maturity payout is spread over the university years. To learn more about endowment policies, go through this blog post: icfal.com.au/the-significance-of-children-education-fund-is

01.01.2022 ISLAMIC FINANCE CAN BOOST INFRASTRUCTURE DEVELOPMENT We know that expanding infrastructure investment in economic and social services is an effective way to promote both inclusive growth and foster local resilience to global shock. The conventions of Islamic finance are particularly suitable for infrastructure development. Islamic finance defines an asset-oriented system built on the principles of risk-sharing in lawful activities (halal) rather than rent-seeking gains.... If you want to know more, click here for more information. icfal.com.au

01.01.2022 What is an education fund and why should you invest in it? An education fund is one of the best ways to save for your childs education. Simply put, an education fund is a special type of fund offered by banks and financial institutions with a set of terms to help ensure your childs future. The best part is that you even have options to improve your overall financial health while still saving for your childs future. It is important to adopt a savings plan that will help ...you maximize returns and minimize risks. This depends on your financial circumstances and personal objectives. An education fund helps you secure your childs future by making sure there is enough funds to grant them a good education. Reach out to ICFAL because we are here to help you out, click below: icfal.com.au/the-significance-of-children-education-fund-is

01.01.2022 ISLAMIC FINANCE COULD SAVE THE PLANET Islamic finance is compliant with Islamic law and prohibits the charge of interest. Islamic finance focuses upon mutual agreeable trade where both the investor and the business know about the profit and loss situation and agree to divide it to be fair.... This strategy can be very beneficial for the economy if practiced by everyone. If this system is practiced, people would know exactly where to invest and gain profits by halal means. If you want to know more, click here for more information: icfal.com.au