Kuwait: Indian Muslim Association (IMA), Kuwait, in coordination with ministry of Awqaf and Islamic Affairs and Masjid Al-Kabir has organized an event ‘What after Ramadan’ recently at Salmiya Indian Model School.
Guest speaker of the day Dr Zia Ahmed, speaking on the topic “Wealth Management from Islamic perspective” said, Muslims are supposed to have surplus wealth to be strong. Surplus wealth can only be obtained through higher income because of hard work. Wealth should be used in co-operative way through helping one another in the form of Zakat, Fitr and volunteer social service activities, which will benefit the whole humanity.
Dr.Zia also emphasized the importance of having Retirement planning; he said Retirement planning is one of the significant parts in the financial planning process. It will create a significant source of income during the retirement period; he said Retirement plan has two important process, first Setting of Retirement Plan Goals and second Obtain Necessary Financial Information to Determine Retirement Needs.
Further, he highlighted the various option available for Muslims to investsuch asTakaful (Life Assurance) or Employees Provident Fund (EPF), which will act as vehicle of income stream. He said, one could invest on Real Estate, Islamic Securities (Sukuk), Halal Stocks Shariah Index. While concluding his speech he highlighted on the serious consequence of Interest Based transactions and the way to avoid any dealing with business, which has Interest involved in it.
The keynote speaker of the day Sharafuddin B.S, IMA outreach Coordinator, speaking on ‘What After Ramadan?’ emphasized that it’s very important to keep the spirit of Ramadan all through the year.
He said that it can be achieved by some of the practices like getting up for Tahajjud, late night prayer whenever possible which will help believers to attain status of glory. Caring for the regular practice of fajr, dawn prayer as prophet (pbuh) said there is barakah or abundance when you start your day in the dawn and Being a generous person in actions, behavior and spending. He further stressed that most important thing is to strengthen relationship with Quran through regular efforts of understanding and practicing and trying to implement the teaching of Quran in our personal and social life, as the Ramadan is month of Quran. He said we should continue doing charity work all through the year by giving Zakat, Fitr and volunteer social service activities.
At the end of the program, both speakers received various Questions from audience. Guests from Ministry of Awqaf and Isalmic Affairs - Masjid Al-Kabir Mr. Muhammad Ali and IMA President Masood Shahab were present during the event. Yusuf.Chorghay convened the program that started with the recitation of Qur’an by Master Abdurahman. Bashar khan gave vote of thanks.
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