Managing Your Money and the Halal Economy with Harris Irfan

For a conscientious Muslim, managing ones money in the West can be a difficult prospect. Islam has a series of rules to do with money, the prohibition of riba (interest) being the key one, and rules on trade that often places it at odds with a rather laissez faire Neo liberal model. Muslims feel a sense of unease when we place our money in banks or engage is investment opportunities that may contravene Islamic precepts. Our guest today was an Islamic finance industry insider. Harris Irfan is currently the CEO of Cordoba Capital Markets. He has 29 years of investment banking and consulting experience. He was the former co-founder of Deutsche Bank's world-leading Islamic finance team and CEO of Deutsche's Islamic finance subsidiary. He is the Former Global Head of Islamic Finance at Barclays, then Head of Investment Banking for the Rasmala group. He is also the author of "Heaven's Bankers: Inside the Hidden World of Islamic Finance", the critically acclaimed best-seller about the Islamic finance industry. Let me remind all viewers that to help us continue to engage critical thought at this time, please consider becoming a member: https://www.thinkingmuslim.com/member... You can also support The Thinking Muslim through a one-time donation: https://www.thinkingmuslim.com/Donate FAQs from Harris:   / islamic-finance-faqs-jobs-investing-white-...   Investing My Savings in a Halal Way: https://www.linkedin.com/pulse/invest... Listen to the audio version of the podcast: Spotify: https://open.spotify.com/show/7vXiAjV... Apple Podcasts: https://podcasts.apple.com/gb/podcast... Sign up to Muhammad Jalal's newsletter: https://jalalayn.substack.com Purchase our Thinking Muslim mug: https://www.thinkingmuslim.com/merch Find us on: Twitter:   / thinking_muslim   Facebook:   / the-thinking-muslim-podcast-105790781361490   Instagram:   / thinkingmuslimpodcast   Telegram: https://t.me/thinkingmuslim Host:   / jalalayn   Website Archive: https://www.thinkingmuslim.com #thethinkingmuslimpodcast episode 162 Timestamps: 0:00 - Introduction 2:24 - His last show 4:03 – Alternative to Banks 8:17 – Participatory Model 9:15 – Why should we care? 11:50 – Is Islamic Economy Possible? 14:44 – The Spiritual Economy 16:05 – Rizq and how we engage 19:43 – Young Finance People 21:07 – Getting Lost in Capitalism 22:23 – The Halal Economy 26:05 – Risk Sharing 30:43 – All too difficult? 33:00 – How to invest 10K 35:48 – Common Pitfalls 38:12 – Business Mudaraba 43:13 – VC Model 44:13 – Fiat Money and Downturns 50:36 – Islamic Money 52:27 –Get Rich Quick 54:58 – Saving Money 1:04:15 – The Muslim Block 1:08:54 – Muslim Financial Weakness