Five pillars of prosperity : essentials of faith-based wealth building /
M. Yaqub Mirza.
- Ashland, Oregon : Whith Cloud Press, 2013.
- xxxvi, 145 pages : illustrations ; 23 cm
Includes bibliographical references and index.
Machine generated contents note: Table of Contents -- Acknowledgements 10 -- Foreword 11 -- Preface 13 -- Introduction 14 -- Faith and Financial Activities 20 -- Five Pillars to Prosperity 31 -- Chapter 1: Pillar One: Earning 34 -- Entrepreneurship 41 -- 8 Qualities of Success 45 -- Chapter 2: Pillar Two: Saving 49 -- Savings leads to financial freedom 49 -- Budget to Save 60 -- DEVELOP A BUDGET AND LIVE BY IT 61 -- Track Day-to-Day Spending 63 -- Get a Handle on Income and Expenses 65 -- Chapter 3: Pillar Three: Investing 67 -- Fundamentals to Investing 67 -- The Power of Compounding 67 -- Faith-Based Investing 71 -- Advice for the Muslim Investor 79 -- Getting Started 81 -- The Role of Stocks in a Muslim's Portfolio 82 -- Mutual Funds: A Possible Solution 83 -- Consistent Approach 83 -- Chapter 4: Pillar Four: Spending 86 -- Spending Intelligently 86 -- The Debt-Free Advantage 86 -- Worksheet for Hajj Financial Planning 90 -- Table 2: INFLATION FACTOR 91 -- Table 3: INVESTMENT FACTOR 91 -- College Education 91 -- The Gift of a Future 93 -- The Sooner You Start, the Better It Is 96 -- Worksheet for Financial Planning for Higher Education 99 -- HOW MUCH SHOULD BE INVESTED 99 -- SCHEDULE C: Periodic Investment 99 -- Chapter 5: Pillar Five: Giving 100 -- Sharing the Gifts of God with Others 100 -- Understanding Zakah 101 -- Limit of Exemption (Nisab) 103 -- Who Deserves Zakah? 104 -- Paying Zakah 106 -- Calculating Zakah 107 -- Cash and Cash Equivalent 108 -- Risk Investments: Shares and Mutual Funds 109 -- Buildings, Factories, and Businesses (Non-Trading) 109 -- Retirement Accounts, Life Insurance Policies, and Annuities 110 -- ZAKAH CALCULATION FORM 113 -- Leaving a Legacy of Hope 115 -- Donor-Advised Fund (DAF) 115 -- Charitable Remainder Trust (CRT) 116 -- Family Foundation 117 -- Chapter 6: Key Wealth-Building Strategies 120 -- Grow Your Assets 121 -- Wealth Preservation Strategies 122 -- Wills 122 -- Inheritance 124 -- The Revocable Living Trusts 130 -- Protect Your Hard Earned Assets 131 -- My Heartfelt Wish for You... 133 -- Resources 134 -- Bibliography 141 -- Glossary 145 -- About the Author 145.
"Five Pillars of Prosperity: Essentials of Faith-Based Wealth Building by Dr. M. Yaqub Mirza provides readers with a balanced and sensible approach to financial planning and security. The book is unique in that it is written by a leading Muslim financial expert who draws on Islamic teachings while showing how these Islamic values are consistent with Jewish and Christian values. Though the primary audience may be American Muslims, anyone interested in financial security will find this practical guide helpful in making wise financial decisions. Dr. Mirza presents a powerful and provocative case for arranging one's life - and the material pursuits - in ways that not only benefit the reader but also society at large. He shows how the attainment of wealth and prosperity can be achieved by following five key activities: Earning, Saving, Investing, Spending, and Giving. The author closes with a discussion on wealth building strategies and wealth preservation. Additionally, he has provided a section of resources and an extensive bibliography for further reading. The book is rich in investment strategies and advice and though the topic is often complex Dr. Mirza's writings are clear and accessible to a general audience"--
9781935952886 (pbk.)
Finance, Personal. Success in business. Investments. BUSINESS & ECONOMICS / Personal Finance / General.