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IslamicFinanceGuru Podcasts

Harris Irfan | Islamic Banking is an Oxymoron, Bitcoin for the Khilafah, Overthrowing the System

Jan 1, 2024
Exploring flaws in the financial system, challenges in Islamic banking, and the future of finance. Discussing equity-based financing, the impact of central banks, and the value of Bitcoin. Delving into innovative Sharia-compliant practices and the need for ethical finance. Emphasizing the importance of sound money and alternative financial structures.
01:10:05

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Quick takeaways

  • Innovative Islamic finance solutions were pioneered by Deutsche Bank in collaboration with scholars, leading to industry growth.
  • Islamic banking faces challenges with mislabeling products, reliance on debt-based models, advocating for a return to ethical principles.

Deep dives

Innovation in Islamic Finance at Deutsche Bank

Deutsche Bank played a pivotal role in innovating Islamic finance products in the early 2000s. When faced with the need to offer Sharia-compliant deals for clients in Dubai, Deutsche Bank engaged with scholars like Christine Hamming-Husson to create innovative Islamic finance solutions that opened up access to various asset classes globally. This groundbreaking work led to exponential growth in the Islamic finance industry.

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