The Garden of Knowledge

بسم الله الرحمن الرحيم

 09 Rabi-ul-Aakhir 1445/03 October 2025

All praise is due to Allah, the Cherisher, Sustainer, Nourisher and Provider of the entire creation. May peace, blessings and salutations be upon our Beloved Prophet Muhammed ﷺ.

WHAT IS WEALTH MANAGEMENT?
Wealth management is a combination of financial planning and investment strategy in order to sustain and grow wealth. Wealth management is an investment advisory service and strategy which covers all aspects of finance/wealth such as estate planning, investment advisory, taxation and accounting services etc.

From an Islamic perspective and understanding, wealth and success does not
belong to human beings rather they are attributed to Allah and are understood to be deposits/trusts (أمانة ) placed in our care for whose disposal we will be accountable. Islamic Wealth Management is a wealth management technique in which a person manages his wealth in accordance with Shariah by means of utilizing financial or non-financial instruments. Islamic Wealth Management is explained by a system of interrelationships between the tenets of justice, equitable distribution and fairness, and limits of ownership.

According to the principles and fundamentals of Islam, there is absolutely nothing wrong with a person accumulating wealth, however what is important is to ensure that wealth is attained and managed in a pure manner
that does not violate the principles of Shariah. A very important point to note is that without wealth accumulation, the discharge of Zakah, which is one of the five pillars of Islam would not be possible to complete.

OBJECTIVES OF WEALTH MANAGEMENT
The objective of conventional wealth management is to ensure that a person’s wealth may generate the highest potential return without having to worry about the money being invested in interest-bearing vehicles. In Islamic wealth management, on the other hand, the objective is to ensure that a person’s wealth is managed in such a way that it improves or generates a much higher return through the use of a variety of Shariah-compliant investment vehicles.

Within Islamic wealth management, both the manager and the consumer acknowledge and embrace the concept of life after death. This is in contrast to the scenario of a conventional wealth manager and consumer, who are primarily concerned with the benefits that will be gained in this temporary life.

Another very important objective of Islamic wealth management is that it promotes selflessness and seeks to provide benefit to mankind as whole in comparison to conventional wealth management which promotes selfishness and seeks to benefit oneself.

We ask Allah to grant us the strength and ability to worship Allah in the manner which is due to Him. May Allah accept our efforts from us and grant us understanding In Sha Allah!