The Islamic Approach to Finances in a Marriage (EP. 6 - 100 Ethical Wealth Hacks)

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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We have a detailed article on this topic - https://www.islamicfinanceguru.com/personal-finance/finance-and-love-what-islam-says-about-finances-in-a-marriage/
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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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We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world's population with their personal finances.

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Видео The Islamic Approach to Finances in a Marriage (EP. 6 - 100 Ethical Wealth Hacks) канала Islamic Finance Guru