There are many ways to grow your savings. One of them is through passive income. Many of you may already be familiar with the term passive income. However, to get passive income that is according to sharia, what can you do? From the meaning of passive income itself to how to get passive income that is in accordance with Islamic teachings, everything is discussed in this article.
What is Passive Income?
As the name suggests, it's called passive income because you don't need a lot of effort to earn it.
So, a full time job 5 days a week that we do to get a salary or regular income is not a way to get passive income. This is because we actively make efforts to earn income to boost our savings and also meet our daily living needs.
What are Some Examples of Passive Income?
There are many ways to earn passive income. Examples of passive income are income obtained from renting out property (office space, boarding rooms, etc.) to parties in need, writing a novel and then selling it and continuing to earn income from selling the novel, selling templates, and so on.
Indeed, at first it may take hard work and quite a long time before you can earn passive income. Writing a novel, for example, isn't finished overnight. It may take several months to complete. However, when the novel you write sells well and many people buy or read it, you can enjoy passive income continuously.
How to Earn Passive Income from Investments According to Sharia Principles
Apart from the various ways mentioned above, you can also try to start investing to earn passive income so that your savings can continue to grow. By having passive income, you can also achieve your financial goals or future dreams more quickly.
As Muslims, living a halal lifestyle can bring blessings in life. Even when investing, you can also do it according to Islamic teachings.
1. Get passive income from the profit sharing of Jago Syariah’s Sharia Deposit
By saving or investing a certain amount of money (starting from Rp1,000,000) in the Sharia Deposit, you can enjoy a competitive profit sharing ratio. It is fast and easy because you can directly open a Sharia Deposit from the Jago application if you already have a Jago Syariah account.
Investments in the Sharia Deposit from Jago Syariah comply with sharia principles because the Sharia Deposit uses Mudharabah Muthlaqah akad. Apart from being more blessed, you will have peace of mind as you have invested according to sharia principles.
You can also share kindness with anyone you know who wants to get passive income from profit sharing by inviting them to invest in the Sharia Deposit.
2. Earn passive income from mutual fund investments in Bibit directly from the Jago application
Apart from saving in the Sharia Deposit, another easy and smart way to get passive income is by investing in sharia mutual fund products.
Having a Jago Syariah account makes it easier for you to invest in mutual funds because of Jago Syariah's collaboration with Bibit that creates a digital ecosystem in Indonesia.
Link your Jago Syariah account with your Bibit account so you can directly invest in mutual funds. Make sure you have activated the sharia mutual fund preference in the Bibit application. Top up your Bibit Pocket directly from the Jago application and monitor the progress of your sharia mutual fund investment at any time from the Jago application. Likewise, disbursement of Bibit mutual funds can also be done directly from the Jago application.
Investing in sharia mutual funds in Bibit frees you from observing the condition of the money market yourself. Let the investment manager do it for you and let the returns from mutual fund investments become your other source of passive income.
Enjoying Passive Income: Best Without Admin Fees by Opening a Jago Syariah Account
Apart from being able to enjoy passive income and being able to invest according to sharia principles, another benefit of opening an account with Jago Syariah is that there are no monthly admin fees charged to you. Not only that, you can also enjoy transfers to other banks without admin fees. The quota depends on your Account Level.
There are other great things. To manage daily and monthly expenses and have savings in the form of non-Sharia Deposits or sharia mutual funds, you can use the Jago Syariah Pocket. Both the Saving Pocket and the Spending Pocket use Wadiah Yad Dhamanah akad without interest in accordance with sharia principles.
Create as many Pockets as you need. This way, you can have multiple bank accounts without monthly admin fees to be better at managing your finances.
It’s time to share kindness by saving, investing and managing finances according to sharia principles with Jago Syariah.
