Cover image for Five Pillars of Prosperity : Essentials of Faith-Based Wealth Building.
Five Pillars of Prosperity : Essentials of Faith-Based Wealth Building.
Title:
Five Pillars of Prosperity : Essentials of Faith-Based Wealth Building.
Author:
Mirza, M. Yaqub.
ISBN:
9781935952893
Personal Author:
Physical Description:
1 online resource (131 pages)
Contents:
Cover -- Title Page -- Copyright -- Dedication -- Contents -- Foreword -- Preface -- Acknowledgments -- Introduction -- 1. Pillar One: Earning -- Means of Livelihood and Sustenance on Earth -- The Social Function of Wealth -- Earning Money -- Employment -- Entrepreneurship -- Social Entrepreneurship -- Questions for Aspiring Entrepreneurs -- Eight Qualities for Success -- Income Management -- 2. Pillar Two: Saving -- Living Debt Free -- A few thoughts on moving towards debt-free living -- Developing a Plan in Order to Save -- Specific Suggestions for Saving -- 3. Pillar Three: Investing -- Set Up an Investment Strategy -- Consult an Investment Professional -- Educate Yourself -- Take a Consistent Approach -- Seek Out Faith-Based Investments -- Investment Vehicles for Muslim Investors -- The Role of Stocks in a Muslim's Portfolio -- Modes of Islamic Financing -- A Note about Insurance -- Islamic Banking in North America -- University Bank -- 4. Pillar Four: Spending -- Steps to Spending Money Wisely -- Paying for a College Education -- Opening an Education Savings Account -- Planning for the Hajj -- Purchasing a House -- A Roth-IRA: An Individual Retirement Account -- Gifting and the Gift Tax -- 5. Pillar Five: Giving -- Understanding Zakah -- Who Deserves to Receive Zakah? -- Limit of Exemption (Nisab) -- When to Pay Zakah -- Calculating Zakah -- Cash and Cash Equivalents -- Risk Investments: Shares and Mutual Funds -- Buildings, Factories, and Businesses (Non-Trading) -- Retirement Accounts, Life Insurance Policies, and Annuities -- Giving While Living -- 6: Key Wealth-Building Strategies -- Growing Your Assets -- Wealth Preservation Strategies -- Inheritance Laws -- Common Questions about Islamic Inheritance Law -- Wills -- Estate Planning Mistakes to Avoid -- Revocable Living Trusts -- Irrevocable Trusts -- Family Limited Partnership (FLP).

Other Financial Vehicles -- Afterword -- Resources -- Notes -- Glossary -- Bibliography.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Electronic Access:
Click to View
Holds: Copies: