So you’re wondering what your net worth is. Your net worth is essentially everything you own minus everything that you owe. So if you have $10,000 in savings and you owe $5,000 in credit card debt that in reality, your net worth is only $5,000. What you own minus what you owe if your net worth.
NFTs give you something that can’t be copied. Not a picture itself (anyone can take a screenshot). Here we’re going to use art as an example, because its most common nowadays, but NFTs can be used for real estate, contracts, and a number of other things. NFTs are a digital means for proving the ownership of an asset, like your car’s title proves you own it. Add to that with an NFT, you can also track who has owned that digital asset in the past and what was done with it, just like getting a Carfax tells you the history of your car’s sale and repair.
The mantra of Islamic Finance has been “Islamic Finance prefers partnership over debt.” Hammering this idea into the minds of the masses has resulted in many people using less than optimal structures for their business needs. At times its better to finance through debt, at times through partnership, and at times through revenue sharing. In this short article, I discuss a few of the pros and cons of each and when to use them.
Working with a non-profit client this morning, we reviewed their giving policy and services. Because previously the org tried to do *everything* for everyone, they essentially limited the funding they could secure. Why? Because it was that much harder to define exactly what they do and who they serve. Mission creep is a huge issue in non-profits. The assumption is that by doing less you somehow are less. That can’t be further from the truth. Do less, be more, and earn more. It’s all possible.
There seems to be much ado these days about Bitcoin and cryptocurrencies as they gain traction in muslim-majority circles and developing nations. The ability of cryptocurrencies to expand markets, going over the heads of regulators due to its decentralized nature makes it an appealing asset to prospective investors. Some may be seeking to free capital from government control, others simply looking for an easy way to transfer
Here I’d like to follow up on something broader: remuneration for acts connected to religion. When can you charge for religious acts? Is it ever appropriate to take money for an act that is connected to religion in some way? To start, this article is not all inclusive of the proofs and arguments for and against such positions.