Every Ramadan, Muslims embark on a journey of self-reflection. They reflect on their promises made during the previous year and look at where they are and where they want to be. What has gone well over the last year? And what still needs some work?
In this sacred month, you pause and introspect how you can be a better version of yourself. You are called to reflect on your financial situation as part of your whole being and how you are taking a fraction of your Halal earned money and using it to make the lives of others a bit better, through giving.
A Halal Investing Platform
Aghaz is an automated Halal investing platform or what is commonly called a Robo-advisor. Aghaz is designed by Muslims with the mission to enable Muslims’ financial wellbeing, the Halal way. It is also a values-based company that understands that when wealth serves a higher purpose, it improves your self-worth. Therefore, Aghaz champions the hunger fight in Muslim communities. This Ramadan, Aghaz has committed to giving $25 to feed the needy for each new account opened and funded with $100 or more.
Wealth in Islam
According to Islam, wealth has been entrusted by Allah to some people to help other people who are in need. “The example of those who spend their wealth in the way of Allah is like a seed of grain which grows seven spikes, in each spike is a hundred grains. And Allah multiplies the reward for whoever He wills, for Allah is all-Encompassing and knowing.” – Surah Al-Baqarah 2:261
Pay your Zakat with Aghaz
Aghaz app is designed around investing for goals. Among the standards goals created by Aghaz is Zakat. With Aghaz app, you can invest recurring deposits to have the required Zakat amount by the end of each year. As you may know, there are two types of charity in Islam: voluntary and obligatory. Zakat is the obligatory charity type. And it should be given by every Muslim who is financially stable and earns more than a specific amount known as ‘nisaab’. Zakat must be spent on underprivileged or needy people.
Give more in Sadaqa through Aghaz
The other form of charity is called ‘sadaqa’ and can be monetary or non-monetary. Sadaqa is a voluntary service performed by any Muslim with an intention to help others. For the non-monetary Sadaqa such as smiling at others, speaking kindly to them, or giving symbolic gifts to bring joy. Aghaz highly urges you to build such a character as a habit. And for the monetary part, Aghaz app reserves a goal specifically for Sadaqa called “Donation”. So this allows you to grow your savings before distributing them on the not-so-privileged. In addition, Investing your donation money helps you grow it to benefit more people who need it or just the same people in a bigger way.
This Ramadan, download Aghaz App
Aghaz has just launched in February 2021 with a highly skilled team, strongly convinced that Muslims should be able to invest without compromising their beliefs. So Aghaz has begun its commitment to fight hunger in Muslim communities and will branch out to other charitable actions aiming positive impact, download our app, and add worth to your wealth while supporting our mission to enable Muslims’ financial wellbeing, the Halal way. To learn more about how you can reward yourself this Ramadan, visit aghazinvest.com