Helping you tie your camel when it comes to your finances
This week we delve into a profound topic: gratitude. This episode, titled “Finding Rizq,” explores what it truly means to recognize and be grateful for the sustenance (rizq) in our lives.
Rizq encompasses more than just finances and wealth; it includes health, food, intellect, resources, time, and ultimately, life itself.
This week’s episode is about feeling better about making long-term decisions.
Investing for the long-term can be difficult because of a phenomenon called “present bias”. Where we as human beings to give more weight to present costs relative to the rewards that we might get into the future.
Luckily, there are things we can do to help.
This week’s episode is about developing a strong payday routine to manage salaries responsibly. To me that can be summarised as one that is simple, sustainable and agreed in advance of actual payday.
This episode is dedicated to giving ourselves the space to think equally about what impacts our income – such as taxes and debt payments – which will be acting as a drag on any investments we wish to make. That is why in personal finance it is so crucial to do things in a certain order.
This week’s episode is about reflecting on another important concept in our financial mindset as Muslims.
And that is the concept of having Tawakkul – this relates to the idea of “tying your camel” which is in fact the tagline for Nisa Invest. So this week we will be discussing the ways in which we can be more intentional when it comes to managing our wealth.
Q26: More on financial literacy – halal ways of spending and saving.
In answer to this question we focus more on how what are the fundamentals of personal finance. These fundamentals are all about increasing your financial resilience. So that’s looking at your emergency fund and then also giving yourself room to breathe when it comes to your fixed expenses.
Q25: Which investment platform / sites do you use?
One question is what to invest in, the other question is where do you go to invest? In this episode we go through four platforms that offer shariah compliant investment options and compare and contrast them.
Q24: How do you invest when all you have done is save?
One of the first theories I developed as a financial planner is that getting yourself to a position where you are investing consistently and for the long-term is a great financial goal to have.
In this episode we talk about how what it means to be in this position by having an emergency fund, being debt free and making investing a part of your well-balanced budget.
This episode is for information purposes only and does not constitute financial advice.
NHS pensions are a type of “defined benefit” pension – what does that mean and how do they work?
It seems simple, but when it comes to retirement the important question to ask is what does what I am doing today mean for how much I will have when I retire?
In this episode we go through this by understanding how the NHS pension is structured, how are the contributions made through your payslip connected to your pension benefits and what are the best practices?
This episode is for information purposes only and I hope you find this helpful iA
Q22: Other than for a mortgage, what are credit scores used for?
This week’s episode is about credit scores and we’re answering three simple questions:
1/ What is a credit score?
2/ How do we check ours?
3/ What is it used for / why does it matter?
Q21: Ways to train ourselves to be mindful about expenses and avoid spending for no reason (latest phones etc.)
In this episode we are going to be focusing more on the spending aspect of our financial lives. In my view, no one is born being “good” with money. A lot of our habits are learnt, they develop over time and without us noticing. Being mindful about money ensures we remain in control, rather than the other way around.
Q20: I would like ton know more about sukuk funds
Looking further at building a diversified portfolio, this week we are going through Islamic bonds in more detail.
Why is diversification important and why are we interested in learning about different asset classes?
What are bonds vs. sukuks?
How do you add these to your portfolio?
Q19: I would like to know more about the gold index
We’re back going through different assets we can invest in. This week is all about the role of gold as an investment.
Gold plays an important role when it comes to diversifying an investment portfolio if for instance you have money in a halal index fund.
Q18: I would like to know more about taxes and tax returns
Happy New Tax Year!
Last week was the start of the new tax year in the UK and so to get it started on the right foot inshAllah this episode covers all things tax codes, tax allowances and tax returns.
Let us reflect on the topic of Barakah, referring to both the tangible and intangible blessings from Allah SWT
When we think about the meaning of wealth – I think self-contentment rather than accumulation – so how do we foster Barakah in our lives?
Sabr is way more than patience. Sabr is about what happens while we are being patient, how rich we grow internally deep within.
Charity as the definition of the true wealth that belongs to individuals
Q17 – I would like to learn about how to pay off my student finance in my early 20s
Q16: How to invest money? How can you profit from the money that you have invested?
Q15 – More about halal index funds in the UK
Q14 – Step by step guide on how to invest on the actual website
Q13 – More about Digital Assets
Episode 09
Q12 Where to invest?
Episode 08
Q11 – How to prepare on buying a home
Episode 07
Q10 – Credit card benefits
Episode 06
Q9 – How to manage my finances & family expectations
Episode 05
Q8 – What the risks are in investing
Episode 04
Q7 – More detailed breakdown of pensions
Episode 03
Q4 – More detail about ISAs and Islamic investments
Q5 – Are there countries you wouldn’t recommend buying properties from?
Q6 – More about financial literacy – halal ways of spending and saving
Episode 02
Q3 – How can you invest your business income in a halal way?
Episode 01
Q1 – How to actually invest. Where to start
Q2 – Creating a plan on paying off student finance
Welcome to the Nisa Invest Tea Talk podcast – let me share with you how this all came to be
I’m Fahan, join me every Jummah to hear answers to sisters’ questions on personal finance topics such as halal investing, budgeting, pensions and general life admin.
This podcast is for educational purposes so we can all get closer to spending, saving, investing and giving our money in a way that is aligned to our values as Muslims iA.
