The Islamic Approach to Finances in a Marriage (EP. 6 - 100 Ethical Wealth Hacks)
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- čas přidán 27. 06. 2024
- In this video we cover (1) what are a husband and wife's financial responsibilities in Islam; (2) what are the answers to practical questions like whether you should have a bank account, who pays for childcare, the wife's commuting costs, and how to deal with shared investments; and (3) we give practical top tips on managing household finances as a couple.
Love to hear your thoughts, advices and comments too!
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TIMESTAMPS
Part 1: husband/wife's financial responsibilities
01:02 - Husband's financial responsibilities
03:21 - Wife's financial responsibilities
Part 2: practical questions
05:35 - Should I have a shared bank account?
06:02 - Who pays for the wife's commuting costs for her job?
06:27 - What standard of living do my wife/children deserve?
07:15 - Who pays for the childcare?
07:45 - How much do I own of joint investments?
Part 3: top tips
08:43 - Talk about finances and discuss bank accounts
09:24 - Write down goals and design a budget
10:22 - Track your budget & weekly money meetings
10:55 - Have your priorities right
11:42 - learn from each other and compromises
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Amazing video mashallah and amazing recitation too. Loved how the whole video was heavily linked with Quraan and Hadith. Can't wait for this channel to explode!
jzk khayr bro - make dua!
You are very detail oriented. Found almost what I needed to hear.
Loved this! Very diplomatically executed! May Allah reward the whole team for your efforts! Ameen.
🙌
I'm not sure if you will have the time to respond to the question but I feel that purely from a practical point of view the lifestyle people have i.e. expensive car, 2+ holidays per year, eating out regularly, buying branded clothing, paying mortgages and etc is a completely western form of lifestyle something which was alien to the world until 1950s. I think both people should contribute to maintain such lifestyle. In the era of the Prophet having 3 meals a day, something to cover your modesty and a shelter was seen as bountiful. This is why the husbands responsibility was so clear in Islam. However these days its the era of 'wants not needs' 'What do you think? I feel this is contributing to marriage crisis. There are many men who can provide for needs but unfortunately the expectation is based on wants which is beyond the means of most average people unless you wish to live beyond your financial means.
This should be talked about before marrying. Live humble so your wants are less. If she doesn't want to live ur way, shes not for u or she will help pay.
Its gotta be balanced Khadija (ra) was a businesswoman so earned more than the prophet women do need to provide as well this is no longer the 19th century "from what they have more than others" as the quranic ayat says (that part got missed in the video) if the woman is the main earner they'll obviously live on her earnings that then is her responsibility to take care of the household n children. Maybe they can agree to take turns paying for stuff or each just for certain needs etc
@@fadhilalucky3466 It counts as charity if the women is the earner and pays for expenses till the man finds work. But this shouldn't be a permanent option for any man. It's hard to call yourself a man by saying you will raise the children, cook, clean while wife works. (some guys sponge off her and not even do anything which is even worse)
The women will eventually resent you. Cause women aren't built for this. Which is why Allah already set the roles for genders cause he knows best.
@@fadhilalucky3466 My dear sister. That part of the verse is not included in the video because it has absolutely nothing to do with money.
I lovingly advice you not to use the Qur'an verses to buttress what you may desire without having a good understanding of what the verses mean. Tafaasir of verses are available for very good reasons and they are easily accessible to everyone, even in English.
May Allaah increase us in eeman and knowledge...Aameen
Perfectly explained
Very useful ! Thank you.
Thank you very much for all you advices
great video mashAllah, only advice is to remove the music from the intro and outro as musical instruments are haram
Jazak Allah Khair 🥰
Thank you so much
Shukran
Very good information
I would agree with most points except the childcare costs. Putting kids in childcare so the wife can work os extremely expensive for the husband, and he already has the whole family expenses. Its unreasonable. What's the point in marrying if the wife does not want to play her role as a mother and just work. Wouldn't this be neglect?
We do our finances similar to Dave Ramsey. Everything together with each spouse having their own fun money. Common goals and lots of openness without judgement of each other’s wants and spending but all agreed beforehand. We also try to make sure that our living expenses come within my husband’s salary and my income is for fun or investments which gives me a bit of freedom in choosing to work, study or stay home as needed. Jazakallah khair, really loving your content!
Jazak Allah khair brother, that answers almost all the questions I have. I am still not clear about the issue of childcare which is quite important. In fact, it was a major reason in the breakdown of my marriage. Childcare cost can run at least a thousand pounds in the UK per child per month. That's a lot of money for a couple of children even on a good professional salary. You mention cost of wife's work is not husband's responsibility. If the wife goes out for work, is this childcare not the cost of her work. How can this be dealt with in an islamic way?
Yh mate i agree if the hb takes care of the kids full or most of the time nothing haram about that ofc or whats the point of the wife working. Don't let religion complicate things n encourage discrimination n make out we still live in 19the century
not really its still mens responsibility spend on children ist if its needed mens responsibilty the salary of wife she can use it for her own and not need to spend one cent on you or children
but if the childcare can be avoided if she not work you can talk about it if she contribute
Your qirat is beautiful - where can we hear more?
I'm sorry but there is far too much emphasis on what the wife should contribute. I gave up my career to raise half a dozen kids, scrimped and saved. Used benefits to pay for food, clothing, household items, petrol, car maintenance. He paid for mortgage but received 2/3 from a property I owned and house bills. I went back to work recently to pay off HIS debt , which was huge.He has never even put £5 in my hand in 40 yrs of marraige. Because our benefits entitlement have dwindled I asked that he pay for food. He abused me and initially refused....now he does shopping but screams and curses me throughout. I have offered to shop and show him receipts but he only gives me part of the sum.My parents did this to me. I'm so glad our time on this earth is so very short.
Sister you both need to spend time to understand deen. Cause if your saying mortgage then that's a big major sin as it's riba based. I respect your patience in this marriage, do try harder to learn more by listening to islamic lectures. Repent and observe your salah. Life gets better.
Men don't follow. My husband took whatever came into my bank account. Made me feel bad for wanting new clothes( 13years he brought four items of clothing) made us buy second things where as he never had second hand thing. His income increased and increased but he made us stay at that same level.
We separated now I get more because of child maintenance then I ever did in the marriage. Alhamdu lillah Allah cares for those who are oppressed. My Allah increase your reward through the goodness of your children 🙏
@@TheMrsansari i feel in that case divorce was best👌
Sorry about this ofc hes responsible for his own debt n the rest of the finances especially if its only him who works you can take your opportunity again to work and help take care of it as your part to prioritise the household n family especially if hes being stingy n has such attitude (n if he is like that you ought to try reversing your roles take his turn to look after the kids while you work)
Salaam bro - do you have any recommendations for an Islamic finance course that can be completed over a couple of months - with a view to this helping me break into an Islamic finance role?
Ethica are good I believe.
Is a woman oblige to work? Like I am shy to ask my husband for things I wanna give my family coz I know my family is not his responsibility. I live abroad and when I go home to my country, I want to give things to my siblings and their kids but I don't work and I really feel ashamed that my husband buys them things from his own earnings. I am really confused now. How about paying my zakaat? How can I pay if I don't work?
no you are not obliged but if you want work to buy things which your husband is not obliged this is allowed in you follow rules but your husband should also agree with this
Idk if anyone will respond being that this is an old post. But I currently have a friend who converted to Islam and met someone online. She is from Morocco and they finally arranged to meet. He flew down there twice. Second time was to go forward with marriage. Long story short is that he’s apparently been sending her money for months and now is being told by a “judge” there that she is requesting Weekly allowance and she threw a curveball because she asked for way more than discussed prior and was only told during contract negotiations. He then got nervous because his translator never showed so refused to sign anything and said he needed a day to think. They were extremely upset with him at that moment. Does this sound like a scam? Please someone help.
I feel like hes saying have more money before marrying or the marriage will break. ( This is not something I hear i other Kuthubah )
what about poor people living in Third World Country like me who has low income but higher living cost..
I always make dua for me and my family and other like for wealth from Allah, but listing to this - now im afraid to get married.
If your a man you need to have good finances in order ofc. That's your role as a man to provide and not depend on a women to help you. Once your stable, that's less stress on you and your relationship.
So wait till then, don't just rush.
@@befree9579what if I don't believe that will ever happen. It is haram for me to go to college as there is no way for me to afford it (unless I work two jobs and sleep 1.5 hours per day I've done math) and loans are haram. Is sex just completely haram for 70% of men. There is a cost of living crisis in pretty much every land
you must be able to give her an appartment, clothes, foods and pay bills and so on, if you not able then you should fast to stay away from zina. Its the right of wife to get all these and if you cant fullfill this you shouldnt marry
What if the wife and her kids from previous marriage wants holidays which costs 80 %of saving of our families 1 year saving
only obliged to pay for needs holidays are not needs but if you rich you can give it to make them happy but you are not obliged
If the husband doesn’t want to talk about money but he wants to control everything.
give him no information say my wealth is my end of discussion
What if thr husbands father is working n hes mother has departed. Is it right if the woman is the breadwinner+purchased the home b4 marraige that watever he earns he puts aside 4his family secretively wen his wife now has a family and cannot work.. is he allowed 2do that if he has a wofe, home +2kids to support n hes familt dnt need the money as they get rental income evry mth.
no in the money of the wife he has no right he has to ask permission if he will use 1 cent, if he not provide for you and children stop give him money and if he still make problems divorce its your right for divorce
Financies in polygamous marriages please
still mens responsitibilty pay all needs of all wives, separate homes 4 rents, 4 electricity, 4 groceries and so on also children
well yes perfect system for women dont work dont do housework dont do anything that you dont want and get payed :D any ayet in the Quran about women obeying husband ?
Take care of things in the hbs absence but that includes the finances by working
7:22 seriously, looking after children is husbands responsibility? Paying childcare while wife work, and keep all money to herself. No wonder women are going insane because of advices like these.
Its discriminating saying housework n childcare is the womans job n our place is at home while men work just to say religion is meant to be preventing that not encouraging it i dont agree about the womans money being all her own while the man shares his with her like saying theres no point in the woman working and more obligatory n necessary for the man yes ofc prioritising the household includes finances n there r househbs these days providing means doing things around the house too not just earning money if the womans the breadwinner ofc theyll majorly live on her money the real rule is anyone living under the roof n working has to contribute as well as that she isnt allowed to spend more than the mans/hbs earnings or have his money without his permission thank you for acknowledging with the hadith about the stingy hb too
Completely disagree with you!