War on RIBA, Building Wealth and Halal Mortgages | Dr. Sajid Umar
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What is Islamic Finance, and how can Muslims build wealth without compromising their faith? In this episode, we explore how to navigate the challenges of avoiding Riba and interest while living in the West.
Joining us is Dr. Sajid Umar, an esteemed Islamic scholar and expert in Islamic Finance. From founding his first business at 20 to earning a PhD in Islamic Finance, Dr. Sajid brings a wealth of knowledge and experience. With a background in IT, a degree in Shariah, and years of practice as a judge in Saudi Arabia, he shares practical insights into achieving financial success in line with Islamic principles.
Don't miss this eye-opening discussion with Al-Shaykh Al-Qadhi Sajid Umar!
Timestamps: 00:00 Introduction 02:23 - What is it like to be working as a Judge in Saudi Arabia 04:56 - Stand out cases of being a Judge 17:38 - Can the Shariah be implemented in a secular world? 23:02 - What is Islamic Finance 35:30 - How could the Shariah application have helped avert the financial crisis? 46:55 - How do we handle the issue of owning a house as a Muslim? 57:46 - What are some alternatives to insurance? 1:13:36 - How do we help Muslim Entreprenuers take charge?
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