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OnePath Podcast
War on RIBA, Building Wealth and Halal Mortgages | Dr. Sajid Umar
Dec 20, 2024
Dr. Sajid Umar, an esteemed Islamic scholar and expert in Islamic finance, shares his journey from founding a business at 20 to becoming a judge in Saudi Arabia. He discusses the challenges of avoiding Riba while building wealth in the West. The importance of ethical investing and community financial stability through Zakah is highlighted. Dr. Umar also addresses speculative practices in finance and the complexities of insurance in alignment with Islamic principles. His insights provide a roadmap for financial success that respects faith.
01:25:14
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Quick takeaways
- Dr. Sajid Umar emphasizes the importance of ethical investment in Islamic finance, helping Muslims to build wealth without compromising their faith.
- The podcast highlights innovative financing methods like the diminishing musharaka contract, which aids Sharia-compliant home ownership for young families.
Deep dives
Experiences of a Judge in Saudi Arabia
The speaker discusses the unique experiences he had while training as a judge in Saudi Arabia. He trained at the High Institute of Judiciary, where the context and cultural differences of various regions were emphasized. An important part of his training involved observing live court cases, providing hands-on experience with the application of Islamic jurisprudence. He highlights the critical role of intuition in judicial decisions, sharing a compelling account of a murder case where the judge realized the accused was possessed, leading to unexpected revelations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode