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Is Islamic Banking Really Islamic? An Insider's view with Harris Irfan

Is Islamic Banking Really Islamic? An Insider's view with Harris Irfan

FromThe Thinking Muslim


Is Islamic Banking Really Islamic? An Insider's view with Harris Irfan

FromThe Thinking Muslim

ratings:
Length:
76 minutes
Released:
Aug 26, 2023
Format:
Podcast episode

Description

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Muslims worldwide have come to the realisation that the prevailing capitalist economic system does not serve us ethically. With its interest-based banking and casino-style financial instruments, a devout believer has no choice but to attempt to escape its haram, even if that hinders the progress and prosperity of our daily lives. In recent years, Islamic finance has been touted as an ethical alternative. A way to escape the haram riba based economy. Some have even presented it as an alternative to financial capitalism. The rationale behind these products is to accommodate the detailed Shariah rulings on trade and many Islamic scholars have endorsed products that Western financial institutes and governments have embraced.

Our guest today was an Islamic finance industry insider. Harris Irfan is currently the CEO of Cordoba Capital Markets https://www.ccmkts.com. 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, and 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.
Released:
Aug 26, 2023
Format:
Podcast episode

Titles in the series (100)

This podcast is dedicated to exploring issues in some more depth and untangling the complexities of the world around us. We engage thinkers, academics, and scholars in conversation on a number of themes to appreciate the ideas that make up Islam as a system of thought. Follow us on https://www.thinkingmuslim.com/ And twitter @thinking_muslim https://twitter.com/thinking_muslim Email info@thinkingmuslim.com