Eid al-Adha is a time of great significance for Muslims around the world. The act of Qurbani, or the sacrifice of an animal, is an important part of this Eid and holds great religious significance for Muslims. At Takaful, we understand the importance of...
The prophet Mohammad once said, “Treat your sick ones with charity.” Sadaqah Jariyah is one form of charity that’s highly esteemed in Islam. It creates an ongoing, positive impact on the lives of those in need and saves them from suffering. The 2 types of Sadaqah 1....
Zakat al Fitr is a small amount that Muslims pay as charity at the end of Ramadan. In Arabic, the word “zakat” means “to purify”, and “Al Fitr” means “breaking the fast”. So, Zakat Al Fitr means “the charity for breaking the fast” since...
During Ramadan, fasting is a gratifying and important practice where Muslims abstain from food and drinks from dawn until dusk. In certain situations, however, Muslims who cannot fast for circumstances beyond their control can compensate for the days lost. This...
They say money can’t buy happiness. But if you spend it wisely, maybe it can. Prosocial spending, which is loosely defined as spending money on others rather than yourself (charitable giving is an example of it), may have positive effects on your emotional well-being...