Kalau kita terus bereaksi secara emosi terhadap semua yang orang cakap terhadap kita, kita akan terus menderita.

Kuasa sebenar ialah mampu duduk diam, tanpa reaksi dan lihat sesuatu dengan logik, jika ada manfaat, ambil, jika tiada, tinggal.

Kuasa sebenar ialah KAWALAN DIRI. Jika kata-kata orang boleh kawal kita, maksudnya semua orang boleh kawal kita. Tarik nafas dan abaikan ia berlalu begitu sahaja tanpa diendahkan. Bagi orang Islam yang beriman, ia boleh jadi deposit menguntungkan di akhirat.

Highlighting some of the most successful angel investments in startup history:

1. Amazon (1995)

Investor: Nick Hanauer
Investment: $40,000
Outcome: When Amazon went public in 1997, Hanauer’s small investment ballooned into billions, marking one of the most iconic startup successes ever.

2. PayPal (2000)

Investor: Elon Musk
Investment: $180,000
Outcome: Musk’s investment paid off handsomely when eBay acquired PayPal for $1.5 billion in 2002.

3. Snapchat (2012)

Investor: Jeremy Liew
Investment: $485,000
Outcome: When Snap Inc. went public in 2017, Liew’s stake was valued at about $1.1 billion.

4. Alibaba (2000)

Investor: Masayoshi Son (SoftBank)
Investment: $20 million
Outcome: After Alibaba’s IPO in 2014, Son’s investment swelled to over $50 billion, making it one of the best returns ever.

5. Spotify (Early 2000s)

Investor: Shakil Khan
Investment: Early personal investment
Outcome: By the time Spotify listed publicly in 2018, it was valued at $29.5 billion, bringing massive returns for early backers like Khan.

6. LinkedIn (2000s)

Investor: Josh Kopelman
Investment: Early seed round
Outcome: LinkedIn was acquired by Microsoft for $26.2 billion in 2016, delivering big returns to early investors.

7. Tesla (2004)

Investor: Elon Musk
Investment: $6.5 million
Outcome: Musk’s initial investment skyrocketed as Tesla’s value crossed $1 trillion by 2021, marking a historic growth trajectory.

These investors made relatively small initial investments that grew into monumental sums, proving the incredible potential of startups when backed at the right time.

If you're interested in becoming an angel investor, consider exploring hisabiz.com. Their team is available to explain the software's features and how it can assist in managing investments. You can reach out to them at [email protected] for more details.

Additionally, for efficient management of payments and collections, take a look at iurus.co. This platform simplifies the process of handling monthly payments, ensuring smooth operations for your business.

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SIAPA KALAH KENA BELANJA

Apakah hukum bersukan berdua seperti bermain bowling, tennis, badminton atau lainnya dan sesiapa yang KALAH perlu belanja makan. ?

Saya jawab hukumnya adalah JUDI kerana wujud elemen 'zero sum game'. Walaupun penyertaan kelihatan tiada yuran tapi hakikatnya ia beryuran kerana kedua-dua pihak berpotensi dibebani dengan KOS makanan yang tidak pula diketahui jumlahnya.

Hal seperti ini telah wujud sejak zaman dahulu kala lagi, hingga ia dicatatkan contoh sepertinya oleh ulama silam dengan kata :-
لا يجوز لأنه في معنى القمار نحو أن يقول أحدهما لصاحبه : إن سبقتني فلك عليّ كذا , وإن سبقتك فلي عليه كذا فقبل الآخر
Ertinya : "Tidak harus ( haram) kerana terdapat dalamnya erti atau unsur judi seumpama seorang berkata kepada rakannya : Sekiranya engkau tewaskan aku maka bagiku hadiah itu dariku, dan jika aku menewaskanmu, mestilah engkau memberinya kepadaku, lalu kedua-duanya bersetuju"( Badai As-Sonaie; Al-Kasani)

Ia adalah judi walaupun ada unsur usaha dari kedua belah pihak dan bukan permainan nasib semata.

Unsur judinya datang dari sudut hadiah, kedua-dua pihak meletakkan sejumlah wang untuk apa saja yang ditetapkan, seperti membayar sewa gelanggang, hanya yang kalah akan terkena. Ia tetap judi walaupun kedua-dua pihak redha meredhainya. Tiada redha dalam perihal haram.

Namun jika hanya salah seorang yang menjanjikan hadiah, seorang lagi tidak, hukumnya berubah menjadi harus atau halal. Ia adalah pendapat mazhab Al-Hanafi, Syafie dan Hanbali (Rujuk kitab Tabyin Al-Haqaiq, Az-Zaila'ie, 6/227 ; Qawanin Al-Ahkam, Ibn Juzai, hlm 177 ; Hasyiah Al-Qalyubi, 4/266 ; Al-Insaf, Al-Mardawi, 6/93 )

Dr Zaharuddin Abd Rahman
elzarshariah.com
mycourse.my

Largest Islamic banks in respective countries (total assets)

Saudi Arabia – alrajhi bank - $215.1 billion
Kuwait – Kuwait Finance House - $119.0 billion
UAE – Dubai Islamic Bank - $87.8 billion
Malaysia – Maybank Islamic Bank - $72.7 billion
Qatar – Qatar Islamic Bank (QIB) - $52.8 billion
Iran – Bank Melli Iran - $45.5 billion
Bahrain – Al Baraka Group (ABG) - $24.6 billion
Indonesia - PT Bank Syariah Indonesia Tbk. - $23.6 billion
Brunei – BIBD Bank Islam Brunei Darussalam - $10.7 billion
Pakistan – Meezan Bank Limited Bank - $10.0 billion
Bangladesh – Islami Bank Bangladesh PLC - $9.7 billion
Jordan – Jordan Islamic Bank البنك الإسلامي الأردني - $7.9 billion
Turkey – Türkiye Finans Katılım Bankası - $7.5 billion
Sudan – Bank of Khartoum - $5.1 billion
Oman – Bank Nizwa - $4.2 billion
Egypt – Faisal Islamic Bank of Egypt - $3.7 billion
Thailand – Islamic Bank of Thailand – $3.3 billion
Algeria – Banque Al Baraka D'Algerie S.P.A.- $1.9 billion
Russia – Sberbank – no data yet

elzarshariah.com

Abu Dhabi has officially become the richest city in the world in terms of capital managed, holding US$ 1.7 trillion as of October 2024. This remarkable figure is derived from the assets managed by several key sovereign wealth funds (SWFs) such as Abu Dhabi Investment Authority (ADIA), Mubadala, ADQ, the Abu Dhabi Development Fund (ADFD), Tawazun Council, and the Emirates Investment Authority.

The city’s dominance is highlighted by its surpassing of other global financial hubs like Oslo, Beijing, Singapore, Riyadh, and Hong Kong. The capital managed by Abu Dhabi’s SWFs does not include the additional US$ 344 billion overseen by the Royal Private Offices, which operate separately.

According to Global SWF, Abu Dhabi’s public capital is projected to double and reach US$ 3.4 trillion by 2030.

The reported USD 103 billion for Malaysia’s sovereign fund is incorrect; it should be around USD 340 billion.

www.elzarshariah.com

Sekiranya mana-mana orang Islam yang menjual saham pegangan mereka, sama ada yang dipegang lama atau pendek.

Bagi saham yang dipegang secara jangka pendek (active trader), seluruh nilai saham dianggap 'urud tijarah maka hendaklah dinilaikan keseluruhan harga saham ( x harga terendah saham pada tahun tersebut) dan kemudian dikeluarkan zakat 2.5 % dari nilainya.

Manakala jika saham yang disimpan jangka panjang, menurut sebahagian ulama, hendaklah dikira zakat pada dividennya sahaja dan bukan modalnya.

Namun sebahagian ijtihad lagi menyebut, tetap dibayar keseluruhan nilai juga termasuk dividen pada setiap tahun x 2.5 %.

Manakala, jika saham simpanan jangka panjang itu DIJUAL habis, HENDAKLAH dibayar zakat saham berdasarkan keseluruhan nilai jualan tersebut (jika cukup nisab) dan DITOLAK harga belian asal. Sebagai contoh jika nilai jualan RM 400 juta dan katalah harga belian asalnya adalah RM 100 juta, maka jumlah zakat payable adalah RM 300 juta. Justeru 2.5 % x RM 300 juta adalah RM 7.5 juta sahaja zakat yang perlu dibayar.

Manakala cukai pula dikira secara berasingan.

Dr. Zaharuddin Abd Rahman
Jom sertai group saya di
https://www.tgoop.com/DrZaharuddinGroup

The most innovative companies in 2023 (change in rank):

1. 🇺🇸 Apple: -
2. 🇺🇸 Tesla: +3
3. 🇺🇸 Amazon: -
4. 🇺🇸 Alphabet: -
5. 🇺🇸 Microsoft: -3
6. 🇺🇸 Moderna: +1
7. 🇰🇷 Samsung: -1
8. 🇨🇳 Huawei: -
9. 🇨🇳 BYD Company: Returned
10. 🇩🇪 Siemens: +10
11. 🇺🇸 Pfizer: +7
12. 🇺🇸 Johnson & Johnson: +15
13. 🇺🇸 SpaceX: Returned
14. 🇺🇸 Nvidia: +1
15. 🇺🇸 ExxonMobil: Returned
16. 🇺🇸 Meta: -5
17. 🇺🇸 Nike: -5
18. 🇺🇸 IBM: -8
19. 🇺🇸 3M: +18
20. 🇮🇳 Tata Group: Returned
21. 🇨🇭 Roche: Returned
22. 🇺🇸 Oracle: -3
23. 🇩🇪 BioNTech: New
24. 🇬🇧 Shell: Returned
25. 🇫🇷 Schneider Electric: New
26. 🇺🇸 P&G: +8
27. 🇨🇭 Nestlé: +22
28. 🇺🇸 General Electric: +1
29. 🇨🇳 Xiaomi: +2
30. 🇺🇸 Honeywell: New
31. 🇯🇵 Sony: -22
32. 🇨🇳 Sinopec: New
33. 🇯🇵 Hitachi: +6
34. 🇺🇸 McDonald's: Returned
35. 🇺🇸 Merck: Returned
36. 🇨🇳 ByteDance: -
37. 🇩🇪 Bosch: -11
38. 🇺🇸 Dell: -24
39. 🇨🇭 Glencore: New
40. 🇺🇸 Stripe: New
41. 🇸🇦 Saudi Aramco: New
42. 🇺🇸 Coca-Cola: -6
43. 🇩🇪 Mercedes-Benz Group: Returned
44. 🇨🇳 Alibaba: -22
45. 🇺🇸 Walmart: -32
46. 🇨🇳 PetroChina: New
47. 🇯🇵 NTT: New
48. 🇨🇳 Lenovo: -24
49. 🇩🇪 BMW: Returned
50. 🇬🇧 Unilever: -

The data in the image reveals fascinating trends over the past decade in the global economic landscape, specifically focusing on the top 10 economies. The most striking growth is seen in China and India, with a remarkable 76.1% and 93.1% GDP increase, respectively. These two economies have capitalized on rapid industrialization, technological innovation, and demographic shifts, positioning themselves as powerhouses.

The U.S., despite already having a large base, has shown substantial growth at 63.5%, underscoring its resilience and adaptability, particularly in technology and services. India’s near doubling of its GDP reflects its increasing influence in the global economy, driven by its vast labor market and economic reforms aimed at boosting investment and trade.

On the other hand, some advanced economies like Japan and Brazil experienced negative growth (-16.1% and -5.1%, respectively), highlighting the challenges they faced during this period. Japan’s long-term economic stagnation, compounded by demographic issues, and Brazil’s political and economic turmoil reflect the complexities these nations are dealing with.

Europe’s major economies, such as Germany, the UK, France, and Italy, have shown modest growth, demonstrating their continued importance but also pointing to the broader stagnation that the region has faced in recent years. This data points to a shift in global economic power, with emerging economies playing a more pivotal role alongside traditional Western powers.

As for Malaysia, Malaysia’s GDP has also shown a steady increase over the past decade. According to recent data, Malaysia’s GDP for 2024 is projected to reach approximately USD 418.83 billion, compared to about USD 338 billion in 2014. This represents a growth of around 23.9% over the 10-year period.

While Malaysia’s growth rate is lower compared to rapidly expanding economies like China and India, it reflects the country’s resilience in navigating global challenges, including the COVID-19 pandemic.

Malaysia’s focus on enhancing its digital economy and industrial sectors has contributed to this steady rise, placing it among the significant emerging markets in Southeast Asia. When adding Malaysia’s performance to the analysis, it highlights the varied growth patterns across the globe and Malaysia’s important role as a regional economic player.

For business and shariah compliant solution, contact us at www.elzarshariah.com

Berdasarkan gambar yang dipaparkan, pemilikan BlackRock tidak dikuasai oleh satu pihak tunggal, tetapi diagihkan kepada pelbagai institusi pelaburan besar. Antara pemilik utama termasuk Vanguard dengan 8.89%, State Street (4.00%), Temasek (3.45%), Bank of America (3.45%), dan BlackRock sendiri dengan 6.40%. Ini menunjukkan bahawa syarikat tersebut dimiliki secara meluas oleh institusi kewangan global dan pelabur institusi yang lain, dengan sebahagian besar (63.13%) sahamnya dimiliki oleh pelbagai entiti yang disenaraikan di bawah kategori “Others.”

Blackrock ini dimiliki oleh kumpulan pelabur yang pelbagai, yang merangkumi institusi kewangan terbesar di dunia. Oleh itu, walaupun individu seperti Robert Kapito dan Laurence Fink adalah pengurus dan pemilik saham minoriti, kuasa kawalan terhadap BlackRock sebenarnya tersebar dalam kalangan pelbagai institusi pelaburan utama, yang menjadikan syarikat ini beroperasi dengan struktur pemilikan yang agak kompleks dan tidak tertumpu kepada satu entiti sahaja.

WARTA KERAJAAN
ENAKMEN PENTADBIRAN AGAMA ISLAM (NEGERI SELANGOR) 2003
FATWA DI BAWAH SEKSYEN 47

Menurut seksyen 47 Enakmen Pentadbiran Agama Islam (Negeri Selangor) 2003 [Enakmen No. 1 tahun 2003], Jawatankuasa Fatwa bagi Negeri Selangor, atas perkenan Duli Yang Maha Mulia Sultan, menyediakan pernyataan sebagaimana yang dinyatakan dalam Jadual sebagai fatwa dan disiarkan menurut subseksyen 48(6) Enakmen itu.

*FAHAMAN, AJARAN, PEGANGAN ATAU AMALAN GLOBAL IKHWAN SERVICES AND BUSINESS HOLDINGS SDN. BHD. (GISBH) DAN RANGKAIANNYA TELAH DIWARTAKAN DAN DISIARKAN PADA 16 OKTOBER 2024*

Mesyuarat Khas Jawatankuasa Fatwa Negeri Selangor Kali Ke-1/2024 yang bersidang pada 30 September 2024 bersamaan 26 Rabiulawal 1446H telah membincangkan mengenai fahaman, ajaran, pegangan atau amalan Global Ikhwan Services and Business Holdings Sdn. Bhd. (GISBH) dan rangkaiannya dan mesyuarat memutuskan seperti yang dinyatakan dalam Jadual yang boleh durujuk di sini.

https://www.muftiselangor.gov.my/2024/10/17/fahaman-ajaran-pegangan-atau-amalan-global-ikhwan-servicesand-business-holdings-sdn-bhd-gisbh-danrangkaiannya/?fbclid=IwY2xjawF9YJtleHRuA2FlbQIxMQABHSLylAGSZFo2pajmvq49gdR3XJy457yA--T-qXqiw1j1ZcaBES2C-285lg_aem_3h1N6_CgjQbd4egpAwozfw

Bersama sebarkan fatwa ini untuk manfaat masyarakat dan dapat menjadi rujukan.

Piketty’s Formula of Inequality: An Overview and Critique

Thomas Piketty’s inequality formula, r > g, argues that when the return on capital (r) consistently exceeds economic growth (g), wealth inequality grows because the rich accumulate wealth faster than others. This dynamic, according to Piketty, is a natural consequence of capitalism and leads to rising inequality over time.

However, critics, such as Larry Summers, argue that Piketty underestimates the diminishing returns on capital. As capital accumulates, its returns should decline, and Piketty may have misinterpreted the literature regarding how quickly this happens. Summers also highlights that depreciation—often overlooked by Piketty—reduces the net returns on capital, making the gap between r and g less significant than Piketty suggests.

Addressing inequality requires policies that promote fair capital distribution, progressive taxation, and investment in inclusive economic growth to ensure a balanced society.

However, practically, Piketty’s r > g argument has strong support, especially when considering the real-world dynamics of capital accumulation. Wealthy individuals can easily invest in assets like real estate, stocks, and even lend money at interest, which provides them with higher returns compared to wage growth. This allows the rich to accumulate wealth at a faster rate than the economy grows, reinforcing inequality.

Globally, there are always emerging opportunities where strategic investments can still yield strong returns, so the decline in returns may not apply uniformly across all asset classes or regions. This diversification helps maintain higher returns over time, countering the potential for diminishing returns in any one area

In reality, while diminishing returns may occur, the wealthy still have a structural advantage in accessing high-yielding investments, making Piketty’s argument more reflective of current inequality trends. The persistence of wealth concentration through capital appreciation in real estate and stocks suggests that Piketty’s concern about widening inequality is relevant.

In addition, Inequality shouldn’t be examined solely through the lens of Piketty’s formula (r > g), which focuses on the accumulation of wealth by those with capital versus those without. It’s also essential to consider the sources of wealth, the legality, and whether unfair advantages—such as corruption, lack of integrity, or exploitation—play a role in that accumulation. Wealth that stems from unethical practices exacerbates inequality further, undermining fair competition and contributing to systemic injustice. Including these factors provides a more comprehensive analysis of inequality.

Dr Zaharuddin Abd Rahman
www.elzarshariah.com

I recently attended a conference in Kuala Lumpur, and this particular slide immediately caught my attention.

The slide interestingly highlights key areas poised to drive a profound technological transformation over the next 20 years.

These sectors
1. Artificial Intelligence,
2. Mobility,
3. Bioengineering,
4. Space Technology,
5. Advanced Materials,
6. Quantum Computing, and
7. Clean Energy

These are not only revolutionizing how we interact with the world but also presenting robust investment opportunities for future stability.

For investors looking to future-proof their portfolios, these sectors represent high-growth potential, given the accelerating pace of innovation and the critical role these technologies play in addressing global challenges.

In selecting companies to invest in, it’s imperative to focus on those pioneering these sectors, as they hold the potential to disrupt traditional industries and create new economic models. For example, companies leading in AI and Quantum Computing are enabling the next wave of automation and problem-solving capabilities that could redefine industries such as healthcare, finance, and logistics. Meanwhile, Mobility innovations, especially in electric and autonomous vehicles, are pushing us toward a future of cleaner, more efficient transportation systems, which governments and businesses will be increasingly compelled to adopt.

For decision-makers, both in the corporate world and at the national level, embedding a vision around these sectors is crucial for long-term competitiveness. Nations that prioritize investment in Clean Energy, Bioengineering, and Space Technology, for instance, are laying the groundwork for economic sustainability and resilience in the face of global shifts. Companies that fail to adapt to these trends risk being left behind as global industries undergo massive realignment to these emerging realities. A proactive approach to integrating these sectors into corporate strategies will ensure both relevance and growth in a rapidly evolving technological landscape.
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