a:18:{s:8:"theTitle";s:34:"Is Islamic Banking Really Islamic?";s:12:"thePermalink";s:68:"https://www.islamicity.org/100912/is-islamic-banking-really-islamic/";s:13:"theAuthorName";s:12:"Harris Irfan";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/f13mgKVjJsU/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=f13mgKVjJsU";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:57:"economic system of islam|/topics/economic-system-of-islam";s:7:"theDate";s:12:"Mar 26, 2024";s:11:"theDate_ORG";s:39:"March 25, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:29:"Harris Irfan|/by/harris-irfan";s:5:"theID";i:100912;s:14:"theReadingTime";s:7:"16 min.";s:10:"theExcerpt";s:122:"Muslims worldwide have come to the realisation that the prevailing capitalist economic system does not serve us ethically.";s:12:"theTitle_ORG";s:34:"Is Islamic Banking Really Islamic?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:0:"";}

Is Islamic Banking Really Islamic?

Harris Irfan|/by/harris-irfan Harris Irfan|/by/harris-irfan The Thinking Muslim|/source/the-thinking-muslim By: Harris Irfan   Source: The Thinking Muslim Mar 26, 2024 No Comments
https://img.youtube.com/vi/f13mgKVjJsU/maxresdefault.jpghttps://www.youtube.com/watch?v=f13mgKVjJsU
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Category: Faith & Spirituality, Featured, Highlights, Videos Topics: Economic System Of Islam, Economy, Interest (Riba), Islamic Finance, Islamic Law (Sharia), Makkah (Mecca), Social System Of Islam Views: {file:content.php} {function:blp_getCustomField} {postID:100912} {customField:ic-view-count}672

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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 this week was an Islamic finance industry insider. Harris Irfan is currently the CEO of Cordoba Capital Markets. 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.

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a:18:{s:8:"theTitle";s:78:"How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?";s:12:"thePermalink";s:112:"https://www.islamicity.org/102749/how-has-islamic-finance-evolved-as-a-system-of-justice-and-ethical-prosperity/";s:13:"theAuthorName";s:15:"Mohamed Chtatou";s:12:"theThumbnail";s:82:"https://media.islamicity.org/wp-content/uploads/2024/09/Islamic-Finance-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:39:"Islamic Finance|/topics/islamic-finance";s:7:"theDate";s:11:"Sep 21 2024";s:11:"theDate_ORG";s:43:"September 20, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:35:"Mohamed Chtatou|/by/mohamed-chtatou";s:5:"theID";i:102749;s:14:"theReadingTime";s:7:"66 min.";s:10:"theExcerpt";s:186:"Islamic finance during the time of the Prophet Muhammad ﷺ was characterized by real transactions such as sale on credit and renting, rather than through modern banking systems, w......";s:12:"theTitle_ORG";s:78:"How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
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a:18:{s:8:"theTitle";s:57:"Can We Find Work-Life Balance Without Compromising Faith?";s:12:"thePermalink";s:91:"https://www.islamicity.org/102736/can-we-find-work-life-balance-without-compromising-faith/";s:13:"theAuthorName";s:32:"Siti Nurnadilla Mohamad Jamil+..";s:12:"theThumbnail";s:94:"https://media.islamicity.org/wp-content/uploads/2024/09/work-life-balance-and-islam-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:35:"mental health|/topics/mental-health";s:7:"theDate";s:11:"Sep 19 2024";s:11:"theDate_ORG";s:43:"September 19, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:66:"Siti Nurnadilla Mohamad Jamil+..|/by/siti-nurnadilla-mohamad-jamil";s:5:"theID";i:102736;s:14:"theReadingTime";s:7:"13 min.";s:10:"theExcerpt";s:102:"Work-life balance is often defined as an employee’s division between time at work and personal time.";s:12:"theTitle_ORG";s:57:"Can We Find Work-Life Balance Without Compromising Faith?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
Can We Find Work-Life Balance Without Compromising Faith?
a:18:{s:8:"theTitle";s:25:"What are Halal Mortgages?";s:12:"thePermalink";s:59:"https://www.islamicity.org/102728/what-are-halal-mortgages/";s:13:"theAuthorName";s:15:"Shariq Siddiqui";s:12:"theThumbnail";s:82:"https://media.islamicity.org/wp-content/uploads/2024/09/halal-mortgages-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:37:"halal mortgage|/topics/halal-mortgage";s:7:"theDate";s:11:"Sep 18 2024";s:11:"theDate_ORG";s:43:"September 17, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:35:"Shariq Siddiqui|/by/shariq-siddiqui";s:5:"theID";i:102728;s:14:"theReadingTime";s:6:"6 min.";s:10:"theExcerpt";s:125:"The growth of “halal mortgages” over the past 20 years has expanded financial access to homeownership for many Muslims.";s:12:"theTitle_ORG";s:25:"What are Halal Mortgages?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
What are Halal Mortgages?
a:18:{s:8:"theTitle";s:36:"The Prophet of Islam - His Biography";s:12:"thePermalink";s:67:"https://www.islamicity.org/6469/the-prophet-of-islam-his-biography/";s:13:"theAuthorName";s:19:"Muhammad Hamidullah";s:12:"theThumbnail";s:75:"http://media.islamicity.org/wp-content/uploads/2019/11/iStock-625930114.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:19:"islam|/topics/islam";s:7:"theDate";s:11:"Sep 15 2024";s:11:"theDate_ORG";s:42:"December 20, 2002 {wpcf-soft-date engaged}";s:9:"theAuthor";s:43:"Muhammad Hamidullah|/by/muhammad-hamidullah";s:5:"theID";i:6469;s:14:"theReadingTime";s:7:"41 min.";s:10:"theExcerpt";s:222:"In 1946 Reverend R Bosworth-Smith wrote about Prophet Mohammed .. Head of the state as well as the Church, he was Caesar and Pope in one; but, he was pope without the pope's claims, and Caesar without the legions of Caesar";s:12:"theTitle_ORG";s:36:"The Prophet of Islam - His Biography";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
The Prophet of Islam - His Biography
a:18:{s:8:"theTitle";s:53:"The Unparalleled Greatness of Prophet Muhammad (PBUH)";s:12:"thePermalink";s:80:"https://www.islamicity.org/94415/the-unparalleled-greatness-of-prophet-muhammad/";s:13:"theAuthorName";s:11:"Spahic Omer";s:12:"theThumbnail";s:76:"https://media.islamicity.org/wp-content/uploads/2023/12/Prophet-Muhammad.png";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:39:"madinah (medina)|/topics/madinah-medina";s:7:"theDate";s:11:"Sep 11 2024";s:11:"theDate_ORG";s:42:"December 11, 2023 {wpcf-soft-date engaged}";s:9:"theAuthor";s:27:"Spahic Omer|/by/spahic-omer";s:5:"theID";i:94415;s:14:"theReadingTime";s:7:"25 min.";s:10:"theExcerpt";s:186:"A visitor to the Prophet’s grave (burial chamber) should bear in mind the actual import of the spot he is standing at and of the body (luminary) he is visiting. A visitor shou......";s:12:"theTitle_ORG";s:53:"The Unparalleled Greatness of Prophet Muhammad (PBUH)";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
The Unparalleled Greatness of Prophet Muhammad (PBUH)
a:18:{s:8:"theTitle";s:44:"Most Powerful Companies on Earth (tier list)";s:12:"thePermalink";s:77:"https://www.islamicity.org/102641/most-powerful-companies-on-earth-tier-list/";s:13:"theAuthorName";s:12:"Aaron Watson";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/4_D_BC89wxM/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=4_D_BC89wxM";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:49:"economic development|/topics/economic-development";s:7:"theDate";s:11:"Sep 10 2024";s:11:"theDate_ORG";s:42:"September 9, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:33:"Aaron Watson|/source/aaron-watson";s:5:"theID";i:102641;s:14:"theReadingTime";s:7:"32 min.";s:10:"theExcerpt";s:186:"In this video, Aaron Watson ranks the world's most powerful companies and dissecting the source of their immense influence. Companies include; Meta, the social media titan that ......";s:12:"theTitle_ORG";s:44:"Most Powerful Companies on Earth (tier list)";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
Most Powerful Companies on Earth (tier list)
Elon Musk Shocks the Deep State
a:18:{s:8:"theTitle";s:63:"Philippines Path to Islamic Finance: Balancing Religion and Law";s:12:"thePermalink";s:97:"https://www.islamicity.org/103170/philippines-path-to-islamic-finance-balancing-religion-and-law/";s:13:"theAuthorName";s:20:"Alizaman D. Gamon+..";s:12:"theThumbnail";s:132:"https://media.islamicity.org/wp-content/uploads/2024/10/Close-Up-Of-Rosary-Beads-With-Coins-And-Text-Blocks-In-Wooden-Box-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:17:"waqf|/topics/waqf";s:7:"theDate";s:11:"Oct 27 2024";s:11:"theDate_ORG";s:41:"October 27, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:41:"Alizaman D. Gamon+..|/by/alizaman-d-gamon";s:5:"theID";i:103170;s:14:"theReadingTime";s:7:"19 min.";s:10:"theExcerpt";s:128:"Global support and demand for Islamic finance have been on the rise among international investors and renowned economic experts.";s:12:"theTitle_ORG";s:63:"Philippines Path to Islamic Finance: Balancing Religion and Law";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
Philippines Path to Islamic Finance: Balancing Religion and Law
a:18:{s:8:"theTitle";s:63:"From U.S. Dominance to Emerging Powers: A Global Economic Shift";s:12:"thePermalink";s:96:"https://www.islamicity.org/103129/from-u-s-dominance-to-emerging-powers-a-global-economic-shift/";s:13:"theAuthorName";s:17:"Siraj Islam Mufti";s:12:"theThumbnail";s:87:"https://media.islamicity.org/wp-content/uploads/2024/10/Islamic-finance-and-economy.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:39:"Islamic Finance|/topics/islamic-finance";s:7:"theDate";s:11:"Oct 25 2024";s:11:"theDate_ORG";s:41:"October 24, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:39:"Siraj Islam Mufti|/by/siraj-islam-mufti";s:5:"theID";i:103129;s:14:"theReadingTime";s:7:"20 min.";s:10:"theExcerpt";s:103:"Today the U.S. is the World’s largest economy and a leadership position in various international i...";s:12:"theTitle_ORG";s:63:"From U.S. Dominance to Emerging Powers: A Global Economic Shift";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
From U.S. Dominance to Emerging Powers: A Global Economic Shift
a:18:{s:8:"theTitle";s:40:"UN Chief to Attend Upcoming BRICS Summit";s:12:"thePermalink";s:75:"https://www.islamicity.org/103013/un-chief-to-attend-upcoming-brics-summit/";s:13:"theAuthorName";s:20:"The Global Narrative";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/euBwc4M-HBc/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=euBwc4M-HBc";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:37:"foreign policy|/topics/foreign-policy";s:7:"theDate";s:11:"Oct 13 2024";s:11:"theDate_ORG";s:41:"October 14, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:49:"The Global Narrative|/source/the-global-narrative";s:5:"theID";i:103013;s:14:"theReadingTime";s:7:"19 min.";s:10:"theExcerpt";s:117:"This video delves into the significance of the UN Chief's attendance at the upcoming BRICS Summit on 22 October 2024.";s:12:"theTitle_ORG";s:40:"UN Chief to Attend Upcoming BRICS Summit";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
UN Chief to Attend Upcoming BRICS Summit
a:18:{s:8:"theTitle";s:41:"Pakistan’s Massive Oil Discovery Impact";s:12:"thePermalink";s:73:"https://www.islamicity.org/102945/pakistans-massive-oil-discovery-impact/";s:13:"theAuthorName";s:11:"Strait Talk";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/FRR_tzLmy_8/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=FRR_tzLmy_8";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:39:"energy industry|/topics/energy-industry";s:7:"theDate";s:11:"Oct 10 2024";s:11:"theDate_ORG";s:40:"October 9, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:31:"Strait Talk|/source/strait-talk";s:5:"theID";i:102945;s:14:"theReadingTime";s:7:"13 min.";s:10:"theExcerpt";s:108:"A blue-water economy. That's how Pakistani officials are describing the major oil and gas deposits f...";s:12:"theTitle_ORG";s:41:"Pakistan’s Massive Oil Discovery Impact";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
Pakistan’s Massive Oil Discovery Impact
a:18:{s:8:"theTitle";s:40:"Building of The Makkah Royal Clock Tower";s:12:"thePermalink";s:75:"https://www.islamicity.org/102863/building-of-the-makkah-royal-clock-tower/";s:13:"theAuthorName";s:7:"The B1m";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/2gwrSaNSl00/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=2gwrSaNSl00";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:35:"makkah (mecca)|/topics/makkah-mecca";s:7:"theDate";s:10:"Oct 1 2024";s:11:"theDate_ORG";s:40:"October 1, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:23:"The B1m|/source/the-b1m";s:5:"theID";i:102863;s:14:"theReadingTime";s:7:"26 min.";s:10:"theExcerpt";s:57:"The Makkah Royal Clock Tower is a triumph of engineering.";s:12:"theTitle_ORG";s:40:"Building of The Makkah Royal Clock Tower";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
Building of The Makkah Royal Clock Tower
a:18:{s:8:"theTitle";s:78:"How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?";s:12:"thePermalink";s:112:"https://www.islamicity.org/102749/how-has-islamic-finance-evolved-as-a-system-of-justice-and-ethical-prosperity/";s:13:"theAuthorName";s:15:"Mohamed Chtatou";s:12:"theThumbnail";s:82:"https://media.islamicity.org/wp-content/uploads/2024/09/Islamic-Finance-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:39:"Islamic Finance|/topics/islamic-finance";s:7:"theDate";s:11:"Sep 21 2024";s:11:"theDate_ORG";s:43:"September 20, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:35:"Mohamed Chtatou|/by/mohamed-chtatou";s:5:"theID";i:102749;s:14:"theReadingTime";s:7:"66 min.";s:10:"theExcerpt";s:186:"Islamic finance during the time of the Prophet Muhammad ﷺ was characterized by real transactions such as sale on credit and renting, rather than through modern banking systems, w......";s:12:"theTitle_ORG";s:78:"How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:174:"content.php & related posts > post_tag=economic-system-of-islam OR economy OR interest-riba OR islamic-finance OR islamic-law-sharia OR makkah-mecca OR social-system-of-islam";}
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