Myth Busting
3 articles tagged “Myth Busting”
Article•7 Aug 2026
Seven Zakat Myths UAE Residents Actually Believe, Corrected
No, the government does not collect it. No, taxes do not count. No, jewellery is not automatically exempt, and Ramadan is not the deadline. The misconceptions that quietly cancel zakat for entire households, taken apart one by one.
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HalalWallet Editorial TeamArticle•7 Aug 2026
Flat vs Reducing Rate: The Car Finance Number Trick Every UAE Buyer Falls For
DIB prints it plainly: 2.15% flat equals 3.93% reducing. Half the market advertises the small number and hopes you compare it against the other kind. The conversion, the arithmetic and the script for your next quote.
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HalalWallet Editorial TeamArticle•7 Aug 2026
Six Myths About Islamic Car Finance in the UAE, Tested Against the Contracts (2026)
It is just a loan with Arabic labels. It always costs more. You cannot settle early. Six claims you will hear in every showroom, tested against published UAE contracts, rate sheets and Key Facts Statements.
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HalalWallet Editorial Team