All Episodes

2.7 Multi-level marketing (MLM) and Pyramid Schemes season 2

Is Multi-level marketing (MLM) a legitimate business or a problematic pyramid scheme? In this episode, we learn about the key difference between a legitimate business and a pyramid schemes.

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2.6 The Prohibition of Gharar (uncertainty, deception) season 2

In this episode, we talk about deceptive business practices known as Gharar. 

Abu Hurairah states, “The Prophet forbade selling by way of tossing stones to settle a sale (Al-Haasah), and the sale of Gharar.” (Muslim)

What is Gharar?

Uncertainty, hazard, chance, risk, delusion,...

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2.5 The Prohibition of Riba, Part 3 (more examples) season 2

Discussion continues with a talk about bitcoin, investments, mutual funds, shares, gold, REIT's, Sukuk, bonds and credit cards.

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You can subscribe to the "Islamic Finance Podcast" with an app on your phone or computer and listen to episodes whenever you like....

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2.4 The Prohibition of Riba, Part 2 (Rules, types and examples) season 2

In this episode we continue our discussion about riba. We talk specifically about key rules and types of riba (interest) and give some practical examples.

Summary of rules by Imam Nawavi:

  1. When the underlying ‘Illah (operative cause behind a law) of the two goods being...
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2.3 The Prohibition of Riba (interest), Part 1 season 2

In this episode, we take a look at the prohibition of Riba (interest) in Islam and other religions - as well as some of the wisdom behind it.

Where to listen

You can subscribe to the "Islamic Finance Podcast" with an app on your phone or computer and listen to episodes whenever you...

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2.2 Contracts: Classifications, Conditions and examples. season 2

In this episode, we take a deeper look into contracts and some everyday transactions.

What is the difference between a home loan and home financing? Is there such a thing as Islamic home loan?

All this and more in this weeks episode.

Where to learn more:

Australian Centre for Islamic Finance...

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2.1 Islamic Law of Contracts and Business Transactions season 2

In this 1st episode of the Season 2, we are looking into Islamic Law of Contracts and Business Transactions. This is a critical topic to understand what is permissible and what is not in various commercial transactions and financial arrangements.

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1.6 How Islamic Finance works season 1

In this episode, we introduce the basic principles of Islamic banking and finance. Learn some of the difference between conventional and Islamic banking.

Globally, there is a demand for a fair and just banking system that the Islamic banking and finance industry provides.

As this demand...

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1.5 Zero Sum Capitalism season 1

In this episode, we examine financial incentives that are moving capitalism away from real economic activities and toward zero-sum (win/lose) profit modes that may have a detrimental impact on societies.

Where to listen

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1.4 Economic incentives: The Xiaogang village story season 1

People realise their dreams and economic prosperity by participating in system with rules and incentives that reward initiative and taking risk.

In this episode, we examine incentives that drive economic prosperity and reward initiative and risk-taking.

Specifically, we look at the principles...

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1.3 The 3 Pillars of Islamic Economy - The Shepherds model season 1

In this episode, we talk about a new model for Islamic economy: The Shepherds model.

The first domain of wholesome Islamic economy is the capacity to take care of the weak. This primary indicator shows the moral leadership and wellbeing of society via its capacity to take care of those who are...

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1.2 Actions are by Intentions season 1

In this episode, we examine intentions that drive our actions - from gaining financial knowledge to how we act upon it. 

Where to listen

You can subscribe to the "Islamic Finance Podcast" with an app on your phone or computer and listen to episodes whenever you like....

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