More MUSLIMS Should Become Entrepreneurs! | Areeb Siddiqui - Muslim Money Talk Ep 22

In today’s episode we’re flipping the script and interviewing our host Areeb Siddiqui- the founder of Kestrl: The Muslim Money App!

Driven to leave the corporate world by his growing discomfort working around interest- Areeb discusses his MBA at Cambridge, inspiring stories about money from the Quran and Hadith, and why Muslims are so poor with money today.

Special thanks to Ali Siddiqui (Areeb’s brother) for stepping into the host’s seat this week!


This podcast is powered by Kestrl. 

Kestrl is an app that helps Muslim to grow their wealth without compromising their beliefs 

Kestrl - The Muslim Money App 

https://kestrl.io/

Show Notes: 

00:00 - Coming up 

02:02 - Intro

03:17 – From Physics to Finance

05:57 – The need to experiment 

07:14 - What you study doesn’t matter!

09:21 – Deloitte grad scheme 

13:30 - Islamic Finance at Deloitte

15:31 – Understanding salary bands and consulting culture

22:01 - Lessons from the du’a of Prophet Suleiman AS

28:52 - the Cambridge MBA: Should you do it?

32:57 - Finding a Co-founder and the inspiration for Kestrl

36:17 - Speaking to 3000 Muslims 

39:01 – Going full-time, fundraising and early business models 

48:35 - Tying your camel before you invest 

53:55 - Dark Days: Money struggles and becoming a dad 

56:33 – B2B partnerships, profitability and the blessing of children 

59:40 - Kestrl’s name and branding for Muslims 

1:03:57 – Using open banking for boycotting and upcoming features 

1:06:40 – A.I in Islamic finance 

1:11:08 – Money lessons from the first Muslims