IslamicFinance.de

Islam itself encourages its adherents to be wealthy so that they can use their wealth to help others. A wealthy society has the means to make others wealthy too. The wealth gathering should continue not only for those who are still struggling to be rich, but also for people who are already wealthy because it is a prerequisite for a holistic success in this life and the hereafter. This process is called "wealth management". Unlike conventional wealth management, there are four stages in Islamic wealth management. These consist of wealth creation, accumulation, protection and distribution. This wealth management knowledge should be learnt early in life, especially so when the person has an income, although one is still far from being rich.