The Importance of Financial Planning For Our Family

  • As Muslims, we should strive to follow in the footsteps of Rasulullah s.a.w., the Prophet took great care of his family. Even though Rasulullah s.a.w. shouldered various responsibilities, as a leader of his community, a Messenger of Allah s.w.t., he never failed to ensure that his family’s needs are met. Such is the responsibility of every parent and spouse towards their family. 

  • Planning for the well-being of our family is strongly emphasised in Islam. Among the examples of planning, is that of family finances.  It is important to understand that planning for family finances is not simply limited to the distribution of inheritance upon our death. It should also incorporate our daily needs and necessities. This is because throughout the various stages of life, whether it be during adolescence or adulthood, there will always be financial demands to be met. It thus requires proper planning and preparation.