Introduction to Islamic Finance - Everything You NEED to Know!

Islamic finance can have so much conflicting information that we never get to understand "what is Islamic finance?". In reality, Islamic finance is a very simple way of finance which controls risk, unsocial activities and make sure society is being run in an efficient manner. I explore; is FX trading halal, what is an Islamic mortgage and is investing in Apple halal.

This is a growing market with ever increasing jobs to be a part of and with it also being a part of the CFA, ACA and ACCA curriculum is being recognised as a must to learn due to its every increasing usage.

**Time stamps in comments**

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CAPITAL AT RISK - Always do your own research when it comes to investing. I am not a financial advisor and this video is purely for entertainment purposes only. All decisions are your own and decisions are made by you dependent on your personal circumstances.

Note: All views are my own and do not represent my past or current employers. The video has been presented by a person qualified in Islamic Finance but always do your own research.

[benbernard]

This video. Was great resource. As I employ someone of Islamic faith. We had a conversation about interest rates and savings accounts and that’s when I realised. Things can be viewed very differently when it comes to investing

[ISLAMICFINANCEINSIGHTS-ntbi]

Islamic Finance is wide and need to learn more and more with time..
Thank you for your video..

[trevaperes]

Thank you for a great video. I know nothing about the field of Islamic Finance, but am learning one step at a time. Please keep making your videos. Thank you again.

[Crimsonapple]

Thank you, great video. Keep making more!

[MoondLanding]

As-salamu alaykum, this is the first video I've watched about Islamic Finance. I have some finance experience and I just decided to learn about this new topic. Thank you for this introduction video now I am starting to kind of understand what Islamic Finance is about. Very interesting you mentioned that it's only 30-40 years, I see the industry growing in the future

[Ammadtheraza]

Very useful, more on investing tips! JazakAllah khair.

[mashalmohammedmaliyakkal]

Jazakallahu Khairan for the effort.

This video clears up a lot of confusion and equips one to navigate the 'Why Islamic finance' question. The more one Kearns the more one realises how the basis of riba has corrupted modern day economy.

Suggestion: an explanation on the 3 creteria of AAOIFI would be helpful.

[ThatMuslimLife]

Video time stamps:
0.20 – Concepts: Riba, Gharar
1:32 – Examples: e.g. FX Trading
6:15 – Coca Cola, Apple, Netflix
7:09 – Islamic investing
7:59 – Criticisms

[abdurrahmansa]

Good explanation. Much needed topic!
Jazakallah for presenting it.
I have a question here. My line of work involves developing/working on softwares inside FX Trading business. Since I am not conducting business on behalf of the bank, am I involved in the sin as well??

[saleemahnurid-din]

Thank you for sharing. What can we invest into?

[Curejet]

JazakAllah qeyr, it was the informative video. I am interested in learning Islamic finance, any suggestions for schools or courses.

[hahaloser]

its very critical, most of schoolars or muslims that has worked in banks says that its pure riba

[Worldwithoutboarders]

I got most of my pension in HSBC islamic fund. It is one of the best funds available I can choose from. Over 10yrs it has returned 13% annually.

[ahmedalsaedi]

Great video brother. One thing I have to make note of. Coca Cola does produce alcoholic beverages. I’m not sure how long they have been doing so, or if you were aware of it at the time of making this video. I just wanted to let you know, because you used it as an example of a company that passes the business screening for Islamic investment. Thank you for the great work. Alsalam Alaykum!

[salah_k]

Hello,
Thank you for your video.
About Apple, I think it is haram because of Apple TV+ (a plateform like Netflix).

[oddpotential]

Couple of things. From the first example u mentioned the lender should not make money off of by just lending out capital (charging a premium). As he may not be involved with the capital or does not bears the burden of the risk. However, the modern economy is inflationary. And lenders do part take in risk, incase the borrower defaults on the loan. Today's fiat money is not backed by gold or silver so if interest (Ribba) or premium is not charged how loaning out capital would make sense to a lender?

Help would be appreciated.

[Wisdomseeker]

When a person buys a house from a bank, and agrees to paying in installments which totals higher than if paid upfront, what happens if he decides later to pay it off early? Would that then be considered 2 prices for the same asset, which is prohibited?

[musasibeko]

Thanks for the great video, just a quick question: say a tech company (like Netflix) exists and is fully compliant, is it eligible for financing?

[zanzy]

Just my 2 cents, but is Crypto haram in that case?
The future of crypto being used as a currency is one thing, but at its curretn form its just no differnt to FX trding in my opnion

[csabacrisan]

What is your opinion on financing education? More precisely contacting an institution such as student finance in the UK to fund your course