All Episodes

2.10 Freedom of contract, Part 1 (minimum wage) season 2

In this episode, we talk about freedom to enter into the contract and how Islamic law might deal with the question of a minimum wage.

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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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2.9 Islamic FinTech challenge season 2

In this episode, we talk about the intersection between technology and finance and what opportunities or challenges it creates for the Islamic FinTech industry.

This year we have seen a strong rise in stocks for companies such as Zoom, Tesla and Amazon. With their tech-centric solutions, Amazon...

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2.8 A Discussion about Paper Money: Halal or not? season 2

Is paper money just an IOU and debt? What role central and other commercial banks play in creating it?
How do we understand financial concepts like intrinsic value, quantitative easing and fractional reserve banking with regards to halal and haram aspects of money?

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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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You can subscribe to the "Islamic Finance Podcast" with an app on your phone or...

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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.

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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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.

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