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I'm about to enter one, or I should say I was forced into one by the females of the family.
Never been in one, so I'm still not 100% about it even tho I have been thrown in!
How trusted is it?
When is best to collect?

waxay ku xidhan tahay cidaad la gashid. talabad, hadii aanad hada lacag u baahnayn iska dhaaf ayaan ku odhan lahaa, waa masuuliyad, bishan ma hayo kama soconayso incase ay wax si ka noqdaan waliba hadii aad u hor qaadatid. hagbadu laba qof uun bay u fiicantahay, qof aan saving ka ku fiicnayn iyo qof hada lacag buuran u baahan.

CigaalSHiiDaaDCFC wrote:waxay ku xidhan tahay cidaad la gashid. talabad, hadii aanad hada lacag u baahnayn iska dhaaf ayaan ku odhan lahaa, waa masuuliyad, bishan ma hayo kama soconayso incase ay wax si ka noqdaan waliba hadii aad u hor qaadatid. hagbadu laba qof uun bay u fiicantahay, qof aan saving ka ku fiicnayn iyo qof hada lacag buuran u baahan.

Marka hore aad ayaa u mahadsantahay mudane cigaal.
Number one, dad aan aqoon uleyahay ma'aha so relaying soley on the dumarka familiga
Number two, savings waan isku fiicanahay lacag buurana baahi iima hayso.
I have been committed from July till next June.

^ dumarku inta badan waa iska daacad, marka waxba ha ka war warin. sanad waa wakhti yara dheer, lakiin waxay ku xidhan tahay lacagtu inta ay tahay, iyo hadii ay tahay wax si dhib yar kaga go'i karaa. hadii hada aanad u baahnayn, ugu danbee. lacagtaadii oo ku ururtay ayaad qaadan doontaan.

It can be good and bad. It is a great idea for folks who never seem to be able to save money. With the right people,it can be good thing. Did it once and it went alright. But i generally have no problem saving a little on my own.

Tuushi wrote:It can be good and bad. It is a great idea for folks who never seem to be able to save money. With the right people,it can be good thing. Did it once and it went alright. But i generally have no problem saving a little on my own.

Tuushi, how do you save?

Hagbad is a phenomenon that is really interesting. It is an institution that still stands in the somali community; trust ; when all other institutions have collapsed.

I have read some literature on this phenomenon and it is very common around the world. It generally has a gender perspective to it. In Somalia in the old days it was women who engaged in it. The few cents saved on masaruuf went to Hagbad/ayuuto/Sholongo. But today it is the prime saving schemes for somalis.

Hagbad works in societies where there is no inflation and interest rates are low. I know that some will argue that one of the reasons of engaging in this scheme is because you avoid interest rates/ borrow money/make savings etc. But that is nonsense (see the "similar threads" below).

P.s. a few years ago, if a man engaged in Hagbad/Ayuuto/Sholongo, he would have been called Qorqod and confined to the hall of shame.

Lamagoodle. I have an account for it. I automatically put some from every pay.

Tuushi wrote:Lamagoodle. I have an account for it. I automatically put some from every pay.

A savings account?

mmm. Try to put some money in mutual funds/stocks (there are ethical funds)

You can spread your portfolio; 50% in mutual funds and 30% in shares and 20% in savings.

I lost a lot of money due to Brexit but still in the green.

^^ ask her if she Takes riba frist lol

^^^ I dont take or give interest alhamdulilah.

CigaalSHiiDaaDCFC wrote:^^ ask her if she Takes riba frist lol

Interest rare (if that is what you mean by Riba- which is usury) is a companion of all people living under the capitalist system. It is the engine that is propelling capitalist economies.

If you are a nomad in Africa and minding your waxaro, ido, geel or lo' then you are riba free.

Every other talk of "Riba" free is pure nonsense and sheeko caruureed (see the debate in the similar thread).

Tuushi good for u

Lama, Adeer, you can live in gaalo countries and not take/give riba, unless you dnt have a choice. I refuse to believe that we should just swim in it since we are here

CigaalSHiiDaaDCFC wrote:Tuushi good for u

Lama, Adeer, you can live in gaalo countries and not take/give riba, unless you dnt have a choice. I refuse to believe that we should just swim in it since we are here

Do not become a victim of the " sheeko baaraley" nonsense uttered by the hypocrites .

We are surrounded by "riba" . Everything you do, everywhere you go and everyone you meet in the west is walking riba . It is what economic system is about.

Do not buy the nonsense about interest free, islamic banking and other Xalaal nonsenses that attempts to extort money.

To MoAwr, it is better to know how the manager of that hagbad deals with people. Recently, it was time for my wife to get her turn, and this woman who manages their hagbad called her in the morning she was supposed to pick it up. She told my wife she isn't getting it, because one of the Somali guys who supposed to get it last had his truck broken, and she is gonna give it to him.

No agreements written. The person who is managing it can do anything.

I also know this other woman who used to manage this hagbad with many people. They were putting down $1000 every month and there were 35 people. Suddenly, she got missing after she pick up 35k. We did qaadhaan to cover that up.

Nevertheless, hagbad is the ingenuity of Somali women that helped many Somalis. The people who build houses back home are mostly women and the money is saved through hagbad. Majority of young men who save money did ir through a woman in their family that is in hagbad.

Just check the person who is managing it, and you should be good.

Dad aad garansid oo aamini kaytid la gal, anaga dhawr sano karo naag reer xamar ah ayaa na dhici gaadhay aniga iyo habaryartay.
Anigaa ka il horeeyey intii aanay iskugu kaaya dhufan