REFLECTION

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 Table of Contents
The highlight of the main issue and evidence..............................................................................3

Discussion of student life relations regarding Islam.....................................................................3

Reference List:............................................................................................................................ 4

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The highlight of the main issue and evidence
Planning regarding finance is quite important for the daily life base of the family as well as
individuals because the decision regarding finance has resulted in their family and life. Muslims
are taking inspiration to map out their life financially and economically to gain the objective of “
Shariah” ( Abdullah and Muhammad, 2013). Therefore, conducting “Islamic financial” planning
needs to be aligned with “Maqasid Shariah” emphasizes the essential need for the protection
of Muslim culture's evolving wealth preservation (Tolchah and Mu'ammar, 2019). Hence, from
my perspective, it can be said that the main issue that they can face is the preservation of the
wealthy and the protection of Muslims. I think that Islamic planning of finance is Sharia as it is
identified as complete guidance for Muslim beings to life living procedures.
Wealth is a vital thing for every human being to live a luxurious as well as need full life.
Therefore, I think, in the period of good times, Muslims need to save better for upcoming bad
timing in their life. In the future, they might face drought or other natural problems that can
create several problems in their life. Therefore, specific planning is necessary because it is quite
efficient to have the issue of alleviating hardship to the family member's survival and the
deceased's in the future. Another aspect that Muslim people can fear is the afterlife
consequence. I think they got that thought process about what can happen in the afterlife, it is
called the Time horizon of man. As per Al Dailami’s concept, Muslims need to prepare
themselves for their afterlife; however, they need to work hard to make an improvement in their
daily life comfort zone.
Another problem that a Muslim can face is a waste of time because it can consume the good
works of life (Komijani and Taghizadeh-Hesary, 2018). From my perspective, I might say that
Money refers to being treated and exchange as an accounting unit and store value, and as per
evidence, It is stated in surah Yusuf as well I think Islam does recognize money as capital while
joining with another resource to take on the activity productivity.

Discussion of student life relations regarding Islam

As it is stated in the study, the financial problems of the Islamic tradition also left an impact on
the life of students as well. Students are bound to several limits especially if they do not earn,
therefore they have big issues related to finance (Abbas et al. 2019). Along with that, I think
students have the tendency to waste time which is prohibited in Islamic tradition. Currently,
students do some work that is not liable to them, therefore they need to stop doing that work. I

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think, as per the Islamic tradition, the students need to feel ashamed if they ever do bad work.
They need to be obedient to their elder ones as well as the rules of Islam.
I have observed that there are some plans and values that can make any student a good self as
well (El Junusi, 2020.). According to me, it can be said that students may have so many needs
and desires due to their age. Therefore, they need to control their necessity and be tranquil as
well. In the study of life, they need to be patient and fortitude as is stated in the Islamic tradition.
Another Islamic status that is quite necessary is “halal”, therefore they will have to earn money
with permissible meaning. Along with earning money, as they grow in the future, they
understand that they will have to spend their money on good works.
According to me, as a qualified and competent financial planner of Islam, she or he must
possess values and good ethical manners to increase financial advice quality to the customers
in business regarding financial planning as well. Not only that but also, The forbidden thing for
Islam for the student as well as all the people to be righteous is obtained from doing actions that
are prohibited or that are doubtful in the context (Arifin, 2018). From my aspect, it can be said
that to have orderliness and keeping discipline is necessary as well.

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Reference List:
Abbas, A., Nisar, Q.A., Mahmood, M.A.H., Chenini, A. and Zubair, A., 2019. The role of Islamic
marketing ethics towards customer satisfaction. Journal of Islamic Marketing.
Abdullah, A. and Muhammad, J., 2013. Ethical Values in Islamic Financial Planning. Jurnal
Pengurusan, 38.
Arifin, S.R.M., 2018. Ethical considerations in qualitative study. International Journal of Care
Scholars, 1(2), pp.30-33.
El Junusi, R., 2020. Digital marketing during the pandemic period; A study of islamic
perspective. Journal of Digital Marketing and Halal Industry, 2(1), pp.15-28.
Komijani, A. and Taghizadeh-Hesary, F., 2018. An overview of Islamic banking and finance in
Asia. Routledge Handbook of Banking and Finance in Asia, pp.505-518.
Tolchah, M. and Mu'ammar, M.A., 2019. Islamic Education in the Globalization Era. Humanities
& Social Sciences Reviews, 7(4), pp.1031-1037.