Podd: Islamic Finance Podcast with Almir Colan

Navigating the Crossroads of the Global Economic Crisis | Almir Colan (Lecture)

11 april 2023 | 87 min

4.2 Reminiscing about past technologies and how they affected the economy

24 augusti 2022 | 19 min

4.1 Digital Economy: Our stories

27 juli 2022 | 33 min

3.18 Season Finale: Tesla vs Bitcoin and Earning a livelihood (Part 7/7)

2 oktober 2021 | 27 min

3.17 Islamic Economic Leadership - Framework

1 september 2021 | 30 min

3.16 Reflections and Coffee #1

2 augusti 2021 | 22 min

3.15 Mustafa Aydemir - Senior Investment Analyst at Saturna

14 juli 2021 | 79 min

3.14 Reflection on economic security and negative effects of poverty.

29 juni 2021 | 15 min

3.13 Economic lesson from the early state of Medina

24 juni 2021 | 26 min

3.12 Investing in shares - preliminary discussion

14 juni 2021 | 28 min

In this preliminary discussion, we share some intuitive principles that should help us when deciding to invest in shares. Aim today is to frame the issues and challenge the way we usually look at the topic itself and market participants in particular. More discussions about screening rules and various rulings will follow later on insha'Allah.

Topics: Shariah-compliant vs Shairah-based business, speculators, investors, stock, day traders, leadership.

***Join Almir's email list for more information about his upcoming MasterClass "Leading with Islamic Finance" at https://www.almircolan.com

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Podcast Hosted by Almir Colan - https://www.almircolan.com

Links for Telegram channel and social media available at https://www.islamicfinancepodcast.com/pages/connect

Almir's Youtube channel available at https://www.youtube.com/almircolan

Connect with us:

Be part of the conversation and keep in touch with us to find out about new episodes and other content.

Web: www.islamicfinancepodcast.com

Social media:

- YouTube

- Facebook (public page)

- Facebook (group)

- Twitter

- Instagram

Disclaimer

The information contained in Almir Colan’s "Islamic Finance Podcast" website and related podcasts are intended to provide general information only and have been prepared without taking into account your objectives, financial situation or needs. Accordingly, the information in this podcast and the related website is not intended to serve as legal, financial, investment, accounting, or tax advice. Before acting on this information, you should consider the appropriateness of this information having regard to your personal objectives, financial situation or needs.

Almir Colan’s "Islamic Finance Podcast" website and related podcasts disclaims all warranties with regard to this information, including all implied warranties of merchantability and fitness for a particular purpose. In no event shall we be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortuous action, arising out of or in connection with the use or performance of this information.

3.11 Bitcoin ecosystem is debasing the social order

7 juni 2021 | 27 min

3.10 Earning a livelihood, Part 6 - Wealth between Sabr and Shukr

31 maj 2021 | 33 min

3.9 On Palestine and crypto-mania

18 maj 2021 | 15 min

3.8 Sh Abdullah Hasan "Zakat: Wisdom and Benefits"

27 april 2021 | 42 min

3.7 Sh Abu Bakr Zoud "The Concept of Gratitude"

20 april 2021 | 93 min

3.6 Shaheed Drew "History of Muslims in Australia and Advice to Earn a Livelihood"

12 april 2021 | 34 min

3.5 Earning a livelihood, Part 5 - Between earning and worship

6 april 2021 | 25 min

3.4 Earning a livelihood, Part 4 - Argument against ignorance

29 mars 2021 | 20 min

Interview with Almir Colan: Memories from Bosnia, journey to Islamic finance and life lessons.

22 mars 2021 | 149 min

3.3 Earning a livelihood, Part 3 - The Way of the Messengers

16 mars 2021 | 15 min

3.2 Earning a livelihood, Part 2 - On purpose and discipline

9 mars 2021 | 25 min

3.1 Earning a livelihood, Part 1 - Intro

1 mars 2021 | 27 min

2.17 Season Finale - Quiz: Test your knowledge

22 februari 2021 | 24 min

2.16 Ribawi Transactions, Part 3 - Is Insurance Halal?

15 februari 2021 | 29 min

2.15 Freedom of contract, Part 3 - The Concept of Taxation

8 februari 2021 | 43 min

2.14 Reddit vs Short sellers

1 februari 2021 | 32 min

It this episode we talk about the recent moves in the US Stock market and how a group of Reddit traders led financial warfare against Wall street Hedge funds. Some have compared this to the epic battle between David and Goliath (Dawood and Jalut) - but we think there is more to the story. We also look at short selling that was used and if these types of speculative instruments are shariah compliant.

Timeline of events: - Hedge funds shorted the share in GameStop (American video game retailer) and had billions riding on the shares plummeting. - Traders banded together on Reddit's WallStreetBets forum to push the price of the stock up. - This move by Reddit traders push the shares up and thus decimates the hedge funds (short-sellers) - Shares in GameStop shot up more than 1500%. - Some Hedge funds lost billions.

Topics: Short selling, trading, wall street, Elon Musk, Reddit, traders, Tesla, Robinhood, Gamestop, short squeeze, hedge funds, speculation.

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Don’t forget to rate our podcast *5 stars* wherever you listen to us!

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Join Islamic Finance Podcast Telegram channel at: https://t.me/IslamicFinancePodcast

Almir's Youtube channel available at https://www.youtube.com/almircolan

Podcast Hosted by Almir Colan.

Connect with us:

Be part of the conversation and keep in touch with us to find out about new episodes and other content.

Web: www.islamicfinancepodcast.com

Social media:

- YouTube

- Facebook (public page)

- Facebook (group)

- Twitter

- Instagram

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Read Disclaimer here.

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Disclaimer

The information contained in Almir Colan’s "Islamic Finance Podcast" website and related podcasts are intended to provide general information only and have been prepared without taking into account your objectives, financial situation or needs. Accordingly, the information in this podcast and the related website is not intended to serve as legal, financial, investment, accounting, or tax advice. Before acting on this information, you should consider the appropriateness of this information having regard to your personal objectives, financial situation or needs.

Almir Colan’s "Islamic Finance Podcast" website and related podcasts disclaims all warranties with regard to this information, including all implied warranties of merchantability and fitness for a particular purpose. In no event shall we be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortuous action, arising out of or in connection with the use or performance of this information.

2.13 Ribawi Transactions, Part 2 - Home loans, limited liability and QA

25 januari 2021 | 33 min

2.12 Ribawi Transactions, Part 1 - Student loans

18 januari 2021 | 35 min

Join Islamic Finance Podcast Telegram channel at: https://t.me/IslamicFinancePodcast

Don’t forget to rate our podcast *5 stars* wherever you listen to us!

In this episode:

We take a deeper look at ribawi transactions. In particular, we analyse the "Student loan" to see if it is ribawi or not.

In recent times we have seen several opinions about student loans so this is an opportunity to learn how to break down any contract to its most simple form.

By reducing this transaction to its most simple form we are able to establish the most fundamental truth about the substance of what seems like a complex or innovative new way of contracting. In the most simple forms, all contracts will have something in common. It is at this level that we look if rules or riba apply or not. Looking at the transaction from any higher place brings a level of abstraction that clouds the reality.

What is Ribawi transaction?

Ribawi transaction is an exchange of specific items that are subject to the rules of riba. Violating these rules leads to an unlawful gain which is called riba. The common denominator in these transactions is, for instance, an unequal exchange of money-for-money on the spot or as a deferred payment basis.

Exchanging $100 on the spot for $120 in the future is an example of such an impermissible transaction due to the unlawful gain.

The basis of these prohibitions is that the Messenger of Allah (ﷺ) said:

'Gold for gold, weight for weight, like for like; and silver for silver, weight for weight, like for like. Whoever gives more or takes more has engaged in Riba." (Sunan an-Nasa'i 4569)

“Do not sell gold for gold, except like for like, and don't increase something of it upon something;” (Sahih Muslim 1584a)

"The bartering of gold for gold is Riba (usury), except if it is from hand to hand and equal in amount, …” (Al-Bukhari 2134)

Podcast Hosted by Almir Colan.

Connect with us:

Be part of the conversation and keep in touch with us to find out about new episodes and other content.

Web: www.islamicfinancepodcast.com

Social media:

- YouTube

- Facebook (public page)

- Facebook (group)

- Twitter

- Instagram

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Read Disclaimer here.

2.11 Freedom of contract, Part 2 - Big Tech censorship

11 januari 2021 | 30 min

Just for fun: Interview with My 12-Year-Old Son!

7 januari 2021 | 14 min

2.10 Freedom of contract, Part 1 (minimum wage)

28 december 2020 | 38 min

2.9 Islamic FinTech challenge

21 december 2020 | 18 min

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 is redefining commerce, Zoom is changing the way we work, and Tesla’s software car is disrupting the automotive industry.

The finance world is not far behind with Apple issuing their own credit cards and Facebook looking to start their own digital currency.

In Australia, “buy now, pay later” firms like Afterpay and ZIPpay have benefited as the demand for debt financing increases during the economic slowdown.

The challenge for Islamic firms is to reinvent their business model away from simply commercialising loans. This is because the nature of Islamic finance differs significantly from the conventional one.

Profit that comes from money-for-money exchange represents illegitimate gain or riba. For Islamic FinTech platforms this means that profit must come from the underlying income generating assets or activities such as equity finance or company dividends. If FinTech platforms have a higher aspiration, they could for instance seek ways to connect more directly into manufacturing and production that grow the economy and creates jobs.

In the years ahead, we could perhaps see more start-ups move towards mobile payment solutions just as we see with Alipay and WeChat that are now estimated to be taking almost half of the banking payment fees in China.

At the end, customers will only use technology that serves their needs best. FinTech alone is not a competitive advantage any longer – instead products and services built on trust with a legal and regulatory environment at its core will win the day.

Podcast Hosted by Almir Colan.

Connect with us:

Be part of the conversation and keep in touch with us to find out about new episodes and other content.

Web: www.islamicfinancepodcast.com

Social media:

- YouTube

- Facebook (public page)

- Facebook (group)

- Twitter

- Instagram

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Read Disclaimer here.

2.8 A Discussion about Paper Money: Halal or not?

15 december 2020 | 36 min

2.7 Multi-level marketing (MLM) and Pyramid Schemes

7 december 2020 | 21 min

2.6 The Prohibition of Gharar (uncertainty, deception)

30 november 2020 | 34 min

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

26 november 2020 | 34 min

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

22 november 2020 | 29 min

2.3 The Prohibition of Riba (interest), Part 1

16 november 2020 | 31 min

2.2 Contracts: Classifications, Conditions and examples.

9 november 2020 | 32 min

2.1 Islamic Law of Contracts and Business Transactions

2 november 2020 | 37 min

1.6 How Islamic Finance works

26 oktober 2020 | 40 min

1.5 Zero Sum Capitalism

19 oktober 2020 | 48 min

1.4 Economic incentives: The Xiaogang village story

12 oktober 2020 | 37 min

1.3 The 3 Pillars of Islamic Economy - The Shepherds model

4 oktober 2020 | 59 min

1.2 Actions are by Intentions

27 september 2020 | 28 min

1.1 Introduction

19 september 2020 | 38 min

Islamic Finance Podcast with Almir Colan

This Podcast will examine ideas that impact our economy and financial system on the basis of values and ethical principles.

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Navigating the Crossroads of the Global Economic Crisis | Almir Colan (Lecture)

4.2 Reminiscing about past technologies and how they affected the economy

4.1 Digital Economy: Our stories

3.18 Season Finale: Tesla vs Bitcoin and Earning a livelihood (Part 7/7)

3.17 Islamic Economic Leadership - Framework

3.16 Reflections and Coffee #1

3.15 Mustafa Aydemir - Senior Investment Analyst at Saturna

3.14 Reflection on economic security and negative effects of poverty.

3.13 Economic lesson from the early state of Medina

3.12 Investing in shares - preliminary discussion

3.11 Bitcoin ecosystem is debasing the social order

3.10 Earning a livelihood, Part 6 - Wealth between Sabr and Shukr

3.9 On Palestine and crypto-mania

3.8 Sh Abdullah Hasan "Zakat: Wisdom and Benefits"

3.7 Sh Abu Bakr Zoud "The Concept of Gratitude"

3.6 Shaheed Drew "History of Muslims in Australia and Advice to Earn a Livelihood"

3.5 Earning a livelihood, Part 5 - Between earning and worship

3.4 Earning a livelihood, Part 4 - Argument against ignorance

Interview with Almir Colan: Memories from Bosnia, journey to Islamic finance and life lessons.

3.3 Earning a livelihood, Part 3 - The Way of the Messengers

3.2 Earning a livelihood, Part 2 - On purpose and discipline

3.1 Earning a livelihood, Part 1 - Intro

2.17 Season Finale - Quiz: Test your knowledge

2.16 Ribawi Transactions, Part 3 - Is Insurance Halal?

2.15 Freedom of contract, Part 3 - The Concept of Taxation

2.14 Reddit vs Short sellers

2.13 Ribawi Transactions, Part 2 - Home loans, limited liability and QA

2.12 Ribawi Transactions, Part 1 - Student loans

2.11 Freedom of contract, Part 2 - Big Tech censorship

Just for fun: Interview with My 12-Year-Old Son!

2.10 Freedom of contract, Part 1 (minimum wage)

2.9 Islamic FinTech challenge

2.8 A Discussion about Paper Money: Halal or not?

2.7 Multi-level marketing (MLM) and Pyramid Schemes

2.6 The Prohibition of Gharar (uncertainty, deception)

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

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

2.3 The Prohibition of Riba (interest), Part 1

2.2 Contracts: Classifications, Conditions and examples.

2.1 Islamic Law of Contracts and Business Transactions

1.6 How Islamic Finance works

1.5 Zero Sum Capitalism

1.4 Economic incentives: The Xiaogang village story

1.3 The 3 Pillars of Islamic Economy - The Shepherds model

1.2 Actions are by Intentions

1.1 Introduction