40 episodes

Discussing recent events related to Islamic finance, personal finance and investments from the perspectives of investors who want to build wealth in a halal way.

The Practical Islamic Finance Podcast Rakaan Kayali

    • Business
    • 5.0 • 5 Ratings

Discussing recent events related to Islamic finance, personal finance and investments from the perspectives of investors who want to build wealth in a halal way.

    Ranking Islamic Charities by their "Overhead" spending with Ahmed Shaikh

    Ranking Islamic Charities by their "Overhead" spending with Ahmed Shaikh

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    ► Learn, invest, prosper: https://linktr.ee/practicalislamicfinance
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    Ranking Islamic Charities by "Overhead" spend and how Launchgood makes money

    Connect with Ahmed Shaikh. 

    Substack: https://substack.com/profile/170116-ahmed-shaikh
    Twitter: https://twitter.com/bornshaikh

    Articles Referenced.

    International Zakat Organizations Overhead Ranked: from Bloated to Lean: https://ehsan.substack.com/p/international-zakat-organizations

    How Launchgood keeps up to half of your charity for itself without telling you: https://ehsan.substack.com/p/how-launchgood-keeps-up-to-half-of

    Ranking Islamic Charities by their "Overhead" spending with Ahmed Shaikh

    0:00 Ahmed Shaikh Intro
    1:50 How Ahmed got started investigating charities
    5:30 How he ranked international organizations
    16:50 Controversy with distributing zakat
    18:25 Ranking Islamic organizations
    37:20 Launchgood
    42:00 What Ahmed sees wrong with Launchgood's business?
    45:20 What value does Launchgood provide?
    51:00 What should Muslims do?

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    CHECK OUT OUR OTHER VIDEOS
    ► Forex trading: Halal or Haram? https://youtu.be/Itnhu-Ja1t0
    ►Day Trading: Halal or Haram? https://youtu.be/-oM3HG6893A
    ►Crypto Staking: Halal or Haram? https://youtu.be/NZh3fiyDotQ

    CONTACT US
    salam@practicalislamicfinance.com

    ABOUT OUR CHANNEL
    Our channel is about helping people invest to build wealth in a halal way. We cover topics such as halal crypto investing, halal stock investing, and halal product reviews.

    DISCLAIMER
    Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your own due diligence before making any investment decisions.

    • 59 min
    Islamic Coin Review: What Does it Have to Do with Islam Anyway??

    Islamic Coin Review: What Does it Have to Do with Islam Anyway??

    When a financial product uses "Islamic" in its name or marketing, we must subject it to the critical interrogation needed to sort the wheat from the chaff.

    Here is my attempt at doing precisely this with @Islamic_Coin

    #halalinvesting #islamicfinance

    • 8 min
    Will Bitcoin reach $1 million in 90 days?

    Will Bitcoin reach $1 million in 90 days?

    Balaji Srinivasan bets $1 million that Bitcoin will reach $1 million within 90 days, amidst economic turmoil. Here's why:
    Banks suffered massive losses due to bond value drops as interest rates rose, making them vulnerable to bank runs.The Fed introduced the Bank Term Funding Program (BTFP) to lend money to struggling banks, effectively printing more money.Bitcoin's fixed supply and independence from centralized manipulation make it an attractive store of value in times of economic uncertainty.The insolvency of banks and potential inflation from bailouts could drive people towards hard assets like Bitcoin, though the exact timeline and impact remain uncertain.

    • 8 min
    What's the point of Islamic finance anyway? with Humayon Dar

    What's the point of Islamic finance anyway? with Humayon Dar

    Thanks for watching our video: What's the point of Islamic finance anyway? with Humayon Dar

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    ► Learn, invest, prosper: https://linktr.ee/practicalislamicfinance
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    In this video we covered:

    00:00 Guest Intro
    06:27 What the heck is wa'd? and why aren't we just calling them futures?
    09:06 Example of wa'd
    12:44 What's the point of replicating traditional financial products?
    19:07 So what is the purpose of Islamic Finance in your mind?
    22:18 Is halal meat just in name only with no purpose?
    24:14 Islamic mortgages
    27:29 The logic behind halal and haram
    31:17 Difference between a conventional mortgage and Islamic one
    36:02 Failures of Islamic banks
    38:48 The road ahead for Islamic banks
    45:31 Advice for people who are looking for Islamic finance products or perhaps people who wanna work in Islamic finance?
    50:13 Is murabaha halal?
    53:19 lottery to help islamic finance??
    01:04:17 wrap up

    • 1 hr 9 min
    Are all cryptos haram? - A rebuttal of the International Union of Muslim Scholars

    Are all cryptos haram? - A rebuttal of the International Union of Muslim Scholars

    ► https://linktr.ee/practicalislamicfinance

    Thanks for watching our video: Are all cryptos haram? - A rebuttal of the International Union of Muslim Scholars

    The International Union of Muslim Scholars recently released an opinion that cryptocurrency is haram. 

    I've reviewed their opinion and shared in this video why I think they're dead wrong!

    None of the arguments cited by the international union of Muslim scholars for the prohibition of cryptocurrencies in Islam can stand the test of critical interrogation. 

    I encourage viewers who see a flaw in my reasoning or those who agree to leave a comment.

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    CONTACT US
    salam@practicalislamicfinance.com

    ABOUT OUR CHANNEL
    Our channel is about helping people invest to build wealth in a halal way. We cover topics such as halal crypto investing, halal stock investing, and halal product reviews.

    DISCLAIMER
    Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your own due diligence before making any investment decisions.

    • 21 min
    3 lessons from building a 6 figure business in 12 months

    3 lessons from building a 6 figure business in 12 months

    Thanks for listening to our podcast entitled: 3 lessons from building a 6 figure business in 12 months

    Building a successful business can be difficult, but it's not impossible. If you're looking for some inspiration, I review three lessons learned from building a six-figure business in just 12 months in this podcast.


    ► Get your “Beginner’s Guide to Halal Investing in Stocks” for FREE by signing up for our newsletter: https://practicalislamicfinance.com

    PIF MEMBERSHIP

    ► Follow halal-conscious investment portfolios, investment insights, Buy/Sell/Hold lists, and other exclusive content by becoming a PIF member: https://app.practicalislamicfinance.com/pricing

    PIF COURSES

    ► The Practical Guide to Screening Stocks for Sharia-Compliance
    https://practicalislamicfinance.teachable.com/p/the-practical-guide-to-screening-stocks-for-sharia-compliance

    SCHEDULE A CONSULT WITH RAKAAN

    ► Review your finances and investments and schedule a 1-on-1 consultation with Rakaan here:
    https://practicalislamicfinance.com/book-a-call-with-rakaan-kayali-cfa

    FOLLOW US ON SOCIAL MEDIA

    ►Twitter: https://twitter.com/PracticalIF
    ►Instagram: https://www.instagram.com/practicalislamicfinance
    ►Facebook: https://www.facebook.com/practicalislamicfinance

    CONTACT US

    salam@practicalislamicfinance.com

    DISCLAIMER

    Anything you hear in this podcast is an opinion. It is not personalized financial advice. Make sure you do your due diligence before making any investment decisions.

    • 7 min

Customer Reviews

5.0 out of 5
5 Ratings

5 Ratings

mahmudgh ,

Priceless information

I have listened to several finance podcasts with interest and haram dealings at the core of their discussions. Now thanks to PIF, haram and interest dealings are critically looked at with sharia lenses giving us the information and the knowledge to make a better financial decision. Thanks and keep up the good work.

Heemie man ,

Greatly needed pod

Informative

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