24 - Pareto Principle and the Pillar of Zakat in Islam

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MUSLIM WOMEN INVEST

Dr Miral A Khalil

28 episodes

1 week ago

Retire before your parents!

The Muslim Women Invest podcast is dedicated to spreading financial literacy amongst Muslim Families. I am your host Dr Miral Azam Khalil, a physician, an investor, a picture book author and a homeschooling mother!

And you can be all of this too, by creating financial independence through investing!

Our mission is to empower Muslim women so they can steer their families into an abundant mindset. The money follows 😉

Halal vs haram, zakat, fidya, the list goes on. Islamic finance is nuanced and we are here to educate you All.

Tune in weekly for bite sized episodes with an actionable step that will take you closer to retiring as a Millionaire!

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Entrepreneurship

Business,

Investing

24 - Pareto Principle and the Pillar of Zakat in Islam

MUSLIM WOMEN INVEST

8 minutes 47 seconds

1 year ago

24 - Pareto Principle and the Pillar of Zakat in Islam

I just recently learned about a principle that has both fascinated and excited me as an investor, as a financial expert, and as a Muslim woman: the Pareto principle.

The Pareto principle states that 20% of causes create 80% of consequences; for example, in the technology sector, if you fix 20% of bugs in a particular software, you'll see 80% of the glitches disappear.

I sat with this for a time and thought about it in the context of the principle of zakat, or charity, in Islam. At first, you might not see how the two connect...but when you see what I saw, you'll be amazed by the connection!

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