Shariah-compliant investments are often considered as intricate, strict, and reserved forms of intimidating investments. In reality, they are exclusive financial schemes for Muslim investors, specifically in Malaysia, who attains the moral social responsibility of helping the economy and people financially.
In-Depth Information on Islamic Finance & Investment
The Shariah law of investment is a specifically created Islamic religious law for the Muslims in Malaysia, governed by all aspects of a devoted life and religious practices. According to the Shariah law of matters, this kind of investment is not for the purpose of attaining profit but socially impacting the economy for its expansion and growth.
As per the Islamic Law of Finance, the Shariah-compliant investment is governed by a few driving principles that are as follows:
• It does not cover the aspect of charging interest on the account of offering a loan.
• It does not tolerate any kind of speculation, uncertainty, and excessive risk.
• It does not cover prohibited ventures like gambling, consuming alcohol, tobacco, and related fields.
In practice, the Shariah-based structure of financial offerings is based on religious learning from the primary Islamic sources like the following.
• Quran
• Sunnah (following the practices of Prophet)
• Wadiah (safekeeping)
• Musharakah (joint venture)
• Murabahah (cost plus finance)
• Ijarah (leasing(
• Bai’ (sale)
• Qardh al-hasan (interest-free loans)
Direct Social Impact
The direct sort of investments as per the Shariah act of law is basically translated into a measurable impact on the financial ecosystem while getting the additional financial return. There are a plethora of Shariah-compliant modules available like that of ethical and sustainable.
Most importantly, Islamic financial platforms have been a great contributor. Crowdfunding is one of the essential factors featuring all types of investments available on a single best platform. This includes the sustainable type of investments covering environmental investment, financially helping the poor, homeless people, and poverty-stricken individuals.
The above considerations are specifically designed for the social well-being of the society and people as per the guiding principles of Shariah compliance.
Indirect Social Impact
When it comes to the indirect social impact of Shariah-compliant P2P investment in Malaysia, it mainly deals with projects or sectors that do not display immediate development in real life. But rather create a positive impact on society by helping people financially.
For example, it deals with participating in risk-sharing with people to promote the spirit of brotherhood and togetherness. It showcases that both the parties are going through an equal possession of risk factors and further safeguard them from losing all the gains in the end.
Another example of the indirect social impact of Shariah-compliant financial investment is to avoid the uncertainty that leads to protect the individuals participating in undefined transactions that could bring more harm. Also, it is related to spread the word of social justice and protection of individual rights for the betterment of people and their futuristic financial decisions.
Conclusion
Such kind of socially responsible financial investments has taken a prominent place in the financial ecosystem of Malaysia. They are contributing to social development and display major progression towards Muslim individuals to attain financial stability, especially during tough times. Also, it is experiencing an annual growth of 20%, which is likely to increase in the coming time.
Peer to Peer Cryptocurrency Exchange Website is the highly preferable crypto exchange platform among traders because many traders did not like the involvement of third party.
Nowadays, Top trading Exchanges are Decentralized, some of the popular cryptocurrency exchanges areLocalBitcoinsPaxfulRemitanoBinance Any entrepreneur can start a P2P Cryptocurrency Exchange with P2P Crypto Exchange Script.
By this script one can build an exchange by integrating some other features or by buying Cryptocurrency Exchange Clone Scripts one can build a popular crypto exchange platform.
LocalBitcoins Clone ScriptLocalBitcoins is a famous P2P cryptocurrency exchange that allows users to trade local bitcoins through buy/sell ads.LocalBitcoins Clone Script is a P2P exchange website script that allows escrowed crypto exchange between traders.
We, Bitdeal offers the best LocalBitcoins clone script with enhanced payment methods, complete escrow trading platform, additional security APIs and so on.Remitano Clone Script Remitano, the top most crypto exchange that offers a platform to buy/sell cryptocurrencies with the absence of the third party.We furnish the best remitano clone script to start your own exchange as like remitano to strike huge revenue.
Our Script contains advanced security modules, multi coins support, user-friendly admin panel and lot more to grab high-density users.Paxful Clone ScriptPaxful is the most popular p2p and fair bitcoin marketplace.
It is a prime reason that many technology companies are now considering the need for telemedicine app development.What Are Telemedicine Apps Benefits?There are a plethora of benefits for using and developing software for Healthcare.
If the backend infrastructure is weak and lacks security, it won’t take much time for hackers to breach the data.
And that’s the main reason why coders pay so much attention to database design during telemedicine app creation.How Telemedicine Apps Make Money?There are several models that are required for how to develop a telemedicine app in order to generate revenue from the usage.These models need to be thoroughly planned and strategized by the telemedicine app developers before they go ahead with the development process.The basic way through which these apps earn a profit is through the fees.
For instance, Doctor on Demand charges a fee of 25% from the patient for every successful appointment they make with the doctor.The scalable business model is crucial for your product growth.
Yet, the developers also should know what is your plan of monetization for a better technical design of your telemedicine app.It is estimated that Doctor on Demand made a revenue of 12 million dollars in the previous year.So to understand how to develop a telemedicine app and make money through it, let’s go ahead and study the models in detail.Subscription ModelOne of the basic ways through which telemedicine apps make money is through the monthly or annual payment plansAdvertisement ModelIn-app advertisements are the best way to generate high profits from your application.Reference ModelAnother way to earn money for the telemedicine apps is through references.
Franchising ModelThe sole purpose of building a telehealth app is that you can get medical services without physically going to the hospital.
