Muslim Money with Dr Imran Lum

I’m super excited about this episode. It’s very rare to come across someone who has excelled so much in the corporate world and at the same time has done so much for the community. Through knowing Moustafa I now realise that anything is possible with belief and sheer determination. I remember when he said, 'I'm going to build an Islamic museum' I naively thought, 'How is that even possible? You'd have to raise at least $2m'. Not only did he do that, he raised another $10m and built the first Islamic Museum in the Western world. We now have a waqf institution that will inshallah continue to educate people for generations. I personally owe so much to Moustafa and I certainly would not have had the opportunities I have had if it wasn’t for him and his family.   Moustafa Fahour OAM is the current Chief Operating Officer of Plenary Middle East and is the founder of the Islamic Museum of Australia. Formerly the CEO and Managing Director of one of the leading diversified international contractors in the Middle East, based in Dubai. He has over 22 years of experience in the banking industry, construction, management and has held senior roles with CIMIC Group, Macquarie Bank, National Australia Bank, UBS and Citigroup.  In addition to that, Moustafa Chaired the redevelopment of the Umar Ibn al-Khattab Masjid in Preston, VIC.He was recognised with the Medal of the Order of Australia (OAM) by the Australian Government in 2015, was selected as one of The World's Most Influential Young Arabs under the age of 40, by Arabian Business and the distinguished Alumni Award by La Trobe University in 2016.If you like these episodes, hit us up with a like and a rating! 

In this episode, I speak to my brother-in-law James (Bungas) Inglis who has been a mentor to me my whole life alhumdulilah. We talk about the need to develop a savings mindset and he give some tips and techniques on how we can save at each phase of our life. James is a Financial Planner with Adelaide Wealth Management and prior to that he held various roles at Macquarie Bank, JP Morgan and Morgan Stanley Smith Barney. *Disclaimer: The topics and themes mentioned in this episode does not constitute financial product advice, we recommend seeing an accredited financial adviser for your personal financial advisory needs.JAMES INGLISJames Inglis is a Financial Planner with Adelaide Wealth Management and has over 13 years advisory experience.He specialises in personal insurance focusing on death, total & permanent disability, trauma and income protection cover. James provides advice to professionals, including those with industry specific insurance requirements, such as medical practitioners. Prior to Adelaide Wealth Management, James held a senior private client manager position at Macquarie Bank, providing specialised personal insurance advice for over 7 years. James has a Commerce (Corporate Finance) degree from the University of Adelaide and a Diploma of Financial Planning from Kaplan Professional.

This is the second part of our discussion with one of the biggest movers and shakers in the Islamic finance industry Oz Ahmed (CEO, Al-Rajhi Bank, Malaysia). In this episode, we track his rapid rise to becoming one of the youngest CEOs of HSBC and in Malaysia. We cover Value-Based Intermediation (VBI) a move towards re-orienting Islamic finance business models towards realising the Maqasid al-Shariah (Objectives of Shariah). We also discuss Al-Rajhi's innovative approach to 'Unbanking the bank'. Arsalaan 'Oz' AhmedOz is the current Chief Executive Officer of Al-Rajhi Bank Malaysia and is a recognised leader in Islamic finance with over 15 years in financial services, he has extensive experience in wholesale and retail banking across Europe, GCC and South East Asia. From Analyst to Chief Executive innovating and championing change across the Islamic finance industry, Oz has worked in Corporate Banking and Retail Banking and is a leader in Debt Capital Markets / Sukuk bonds structuring and issuances. He was involved in many world-first deals including overseeing the ‘United Nations Sustainable Development Goals’ Sukuk arranged by HSBC Amanah. Oz is a Pioneer and industry leader in banking for Value-Based Intermediation (Value Based Banking); and a thought leader in Sustainable Business Strategy. He is also the Chair of the Malaysian Financial Services JC3 (Joint Committee on Climate Change) Sub-Committee 4 on Engagement and Capacity Building and the Treasurer of the Association of Islamic Banking and Financial Institutions, Malaysia (AIBIM). Oz is also one of the Founders & a Board Member of a UK FinTech company, MMOB, which specialises in Open Banking and Open Finance technology infrastructure.Oz holds a Master of Business Administration (MBA) with distinction from London Business School executive program a Corporate Director Certificate from the Harvard Business School, and certificates for Sustainability from both Harvard Business School and London Business School. He has a Masters in Economics, Finance and Management from The University Bristol; and a Bachelors Degree in Information Management from University College London. Oz has received Islamic Finance industry acknowledgment through The Asset AAA 2018 award for Islamic Banker of the year for the industry.Prior to his current role he was the previously he was the CEO, HSBC Amanah Malaysia Berhad,  Head of Islamic Treasury, The Saudi British Bank and the Head of Capital Financing & Financial Institutions Dukhan bank, Qatar. 

This is the first part of a conversation with a good friend of mine Oz Ahmed (CEO, Al-Rajhi Bank, Malaysia) and his journey to becoming one of the youngest CEOs of HSBC and in Malaysia. In this episode, we go back to where it all started in East London, and we follow Oz's journey into the Islamic finance industry. Arsalaan 'Oz' AhmedOz is the current Chief Executive Officer of Al-Rajhi Bank Malaysia and is a recognised leader in Islamic finance with over 15 years in financial services, he has extensive experience in wholesale and retail banking across Europe, GCC and South East Asia. From Analyst to Chief Executive innovating and championing change across the Islamic finance industry, Oz has worked in Corporate Banking and Retail Banking and is a leader in Debt Capital Markets / Sukuk bonds structuring and issuances. He was involved many world first deals including overseeing the ‘United Nations Sustainable Development Goals’ Sukuk arranged by HSBC Amanah. Oz is a Pioneer and industry leader in banking for Value-Based Intermediation (Value Based Banking); and a thought leader in Sustainable Business Strategy. He is also the Chair of the Malaysian Financial Services JC3 (Joint Committee on Climate Change) Sub-Committee 4 on Engagement and Capacity Building and the Treasurer of the Association of Islamic Banking and Financial Institutions, Malaysia (AIBIM). Oz is also one of the Founders & a Board Member of a UK FinTech company, MMOB, which specialises in Open Banking and Open Finance technology infrastructure.Oz holds a Master of Business Administration (MBA) with distinction from London Business School executive program a Corporate Director Certificate from the Harvard Business School, and certificates for Sustainability from both Harvard Business School and London Business School. He has a Masters in Economics, Finance and Management from The University Bristol; and a Bachelors Degree in Information Management from University College London. Oz has received Islamic Finance industry acknowledgement through The Asset AAA 2018 award for Islamic Banker of the year for the industry.Prior to his current role he was the previously the this he was the CEO, HSBC Amanah Malaysia Berhad,  Head of Islamic Treasury, The Saudi British Bank and the Head of Capital Financing & Financial Institutions Dukhan bank, Qatar. 

This is the second part of our interview with Hasan Jivraj a senior financial journalist focusing on Middle Eastern debt capital markets, Islamic finance, and international political economy. In this episode, we talk about Islamic finance in the UK and his thoughts on where the industry is headed at large. If you're enjoying the podcast, please leave us with a rating, comment and don't forget to share! ...Arabic language podcast Arabic with Imran LumBook: A Comparative Study of Islamic Finance in Australia and the UK

In this episode, we chat to Hasan Jivraj a senior financial journalist focusing on Middle Eastern debt capital markets, Islamic finance and international political economy. We chat about his journey into journalism, his studies n the Muslim world, and how he ended up writing on the Islamic finance markets. This episode is for our Arabic-speaking listeners but for those of you who don't speak Arabic, in the next episode with Hasan, we discuss the UK Islamic finance industry.  If you're enjoying the podcast, please leave us with a rating, comment and don't forget to share! If you want to learn Arabic, check out my Arabic language podcast Arabic with Imran Lum.

In this episode, Anisa and I discuss the genesis of the Islamic banking and finance industry. We discuss some of the challenges of the profit and loss sharing structures (mushaarakah, muDaarabah etc) and share some of the criticisms of the sale-based muraabahah, commodity muraabahah and ijara muntahia bit-tamleek structures. We try to explain what these Islamic structures are in the simplest of terms. If you like these episodes, hit us up with a rating, share and leave a comment! Check out:Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)Instagram:  Muslim Money PodcastTwitter: Dr Imran Lum

In this episode, we’re going to have a look at how the traditional jurists of the four main schools of Sunni Islam interpreted ribā and how they extended the prohibition to other commodities. Check out:Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)

In this episode, we give a bit of background to the prohibition of ribā. There is little debate in the Islamic tradition on the prohibition of ribā. The differences, however, lie in the interpretation of ribā and the question of how to live in a society that is heavily reliant on interest and conventional banking, yet at the same time remain observant of the prohibition.  We'll be exploring the origins of this conundrum. Check out:Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)

In this episode, we chat with Asad Ansari, the Co-Founder of Amanah Islamic Finance and Non-Executive Director of the Islamic Museum of Australia. Prior to this, he was a Director at Deloitte and Kuwait Finance House. Asad is one of Australia's leading experts in Islamic finance and has advised on over AUD $1bln in Islamic finance transactions. He shares with us his experiences of working in the Islamic finance industry and some of the challenges. Check out: Amanah Islamic FinanceAsad Ansari

In the nineteenth and twentieth centuries, various Islamic trends influenced Islamic law and thought. The debate on interest and conventional banking did not escape these intellectual trends. It is largely accepted that the primary sources of Islamic law are the Qur’ān and the Sunna. Although there are differences as to what parts of the Sunna are deemed authentic, there is little debate among the various schools of thought that the Qur’ān and Sunna formulate the scriptural basis of the religion. Where Muslims differ, however, is on the reading of the texts and this explains the diverse Islamic trends that interact with and make references to the texts. The status of the texts, the role of reason and literal versus contextual interpretations are just some of the factors that facilitate plural readings of the same texts. In this episode, we provide a bit of background to the Islamic trends that are important in the discourse on interpreting ribā and their approaches to banking and finance.Check out:Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)

Welcome to the Muslim Money podcast. In this series, we’re going to talk about anything and everything related to Muslims and money. The idea behind this podcast series is to contribute to increasing Islamic financial literacy on all things related to Muslims and Money. Leveraging my academic studies and work in the Islamic finance industry, we’re going to talk about some of the prohibitions namely ribā or what many interpret as interest, Islamic economics, Islamic finance, Islamic finance structures and also what it's like to work in the industry. This podcast has got some interviews lined up with industry experts and it will also cover money and relationships so pretty much everything.  Check out:Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)