Episode Details

Is Shariah banking a divine alternative… or just capitalism in a kufi?

From gold-backed currencies and the Nixon shock…To “War with Allah” verses on riba…To crypto, forex and variable rates.

We asked the common question..Is profit really different from interest?

Are we Shariah compliant or just Shariah convenient?

And why are non-Muslims choosing Islamic banking?

This one might rattle the boardroom and the masjid.Full episode live now.

🎙️Watch before you sign that haraam contract.🎧 Timestamps:00:00 Introduction

04:15 What is Shariah Banking

07:00 Bretenwood & Nixon Shock14:00 When the world stop using gold1

6:00 Organisation of Islamic Countries

19:45 Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

25:30 The world is not Shariah compliant

28:45 Quran and Interest (Riba)

34:00 War with Allah

39:40 Interest Vs Profits

46:20 Lack of education on Islamic Finance

49:00 The 4 approved Shariah structures in SA

52:28 How is interest and trade different

01:00:55 The reserve bank

01:09:00 Non muslims choose Shariah Banking

01:14:45 Is crypto currency Shariah compliant?

01:19:00 Is forex trading Shariah compliant?

01:23:00 Shairah compliance in an interest bank?

01:25:00 Variable interest rates

01:34:33 Shariah compliant insurance

01:42:30 Shariah compliance business finance

01:47:00 Summary Sponsored by Standard Bank Shariah