Millionaire Muslim byislamicfinanceguru.com is a podcast designed for ambitious Muslims. We discuss halal investments, personal finance, entrepreneurship and ways that will kickstart you to being the best version of yourself! We also give you a spiritual kick with regular business/finance-focused Qur'an tafseer sessions.
Mohammad Arshad is the CEO of Muslim Mastery, an organisation dedicated to increasing your impact on the world and in your personal and professional lives.
He shares his tips on how he grew his following massively on YouTube and Facebook as well as his business experience at Xerox and other companies.
A fascinating and valuable interview!
Don't forget to check out our latest content at islamicfinanceguru.com.
In this podcast we catch up with one of the men who forged the way in Islamic Finance and Islamic Banking in the UK.
Mohammed Amin has also had a long involvement in politics, the Conservative Party, charity, and the accounting and tax world.
An incredibly multi-talented and articulate man who has served the Muslim community for many years.
You can find out more about him on mohammedamin.com
We're talking in this episode about the asset class savvy investors are making millions from - startup investing. The likes of Uber, Netflix and thousands of startups you've never heard of have made overnight millionaires from people who took a £5k punt at some point in an early-stage company (probably little more than an idea at that point!).
- what is startup investing and why it's such a big deal
- why are we even interested in this (not just the money)
- how many startups you should invest in and how you can de-risk your investment to a fraction of what you invest using tax breaks
- demystifying startup terminology (what on earth is a Series C round?!)
- why valuation is not of primary concern in startup investing
- what we look for in a startup (and why 95% of the deals we get never make it through)
- where you can find those great startups (hint: not on public platforms like Seedrs!)
Islam has very clear teachings about how we should conduct ourselves in business, what the overriding principles are that we should maximise, and what high-level transaction all our transactions ultimately feedback into. In this podcast we synthesize all that into a pithy philosophy and a story.
I've been investigating the market for small businesses for around 2 years now. Small businesses offer a tremendous investment opportunity if you can acquire them and run them (or get someone to run it). I share with you my experience of the market, how the pricing works, where to find these small businesses, and why this is a BUYER's market.
So whether you want to buy a business in order to quit your job and be your own boss, or whether 50% returns attract you, this episode is a must-listen.
If you'd like us to really build out the content on this area, I need to hear your demand - drop me an email on email@example.com to let me know!
In this episode, we're talking about what venture capital is. You might have heard of venture capital (or VC) but might not have a clue about what it is, and what terms like "seed", "Series A" etc mean. We're here to clarify!
If you want to be added to our startup investor list, drop us an e-mail and we'll add you.
Equally, if you're a startup founder looking for funding or general advice, we're happy to help too!
Wahed and Yielders are great platforms to come on to the market, but what is the difference between them? What do I actually need to invest in?
Today I'm telling you what the TWO fundamental differences are and explaining which platform is more appropriate depending on your time of life.
If you are signing up to either or both platforms, it really helps us if you go via our links (and you'll get a £25 bonus with Wahed):
I had an issue with my broadband a few months back and instead of sitting back and letting it pass, I decided to complain. I stuck to my guns and got Vodafone to increase their compensation offer from £20 to £150! A personal success for me but I want to share with you exactly what I did and some tips that you folks can take and apply to ANY scenario.
Please do share the podcast if you think it's worthy!
Harris Irfan is a veteran of the Islamic finance industry. You can connect with him here: https://www.linkedin.com/in/harrisirfan?originalSubdomain=uk
You can get his book, Heaven's Bankers here: https://amzn.to/2LqMl5r
Harris's book recommendations:
1. David Graeber - Debt: The First 5000 Years - https://amzn.to/2YewZ9W
2. Yanis Varoufakis - Talking to My Daughter About the Economy - https://amzn.to/2JW3NeW
3. Michael Lewis - The Big Short - https://amzn.to/2GjPCiv
4. Mervyn King - The End of Alchemy: Money, Banking and the Future of the Global Economy - https://amzn.to/2OdTSq6=
5. Gillian Tett - Fool's Gold - https://amzn.to/2Ltymvu
We're taking a look at verses 2:175-179 - the verses forbidding interest. The 5 reasons are:
1. It is exploitative of the poor (as they are generally those who require debt)
2. Interest gives rise to an exploitative economic system even if a specific instance of a loan may not appear to be exploitative.
3. Money has no intrinsic value and so cannot be rented.
4. To try to rent "the value imbued within currency by others in society" is not (a) clear/certain; and (b) appears to be renting out something a lender has no right to be renting out.
5. lending money leads to a devaluation of the very thing being loaned (due to inflation).
Please take a second to rate our podcast and leave a comment!
This is an interview with Zeeshan Uppal, co-founder of Yielders. Yielders are an FCA-regulated sharia-compliant property investment company that allow you hands-off property investing.
Sign up to Yielders using this link: https://yielders.co.uk/onboarding/sign-up?ref=ifg
They're also fundraising at the moment so you can invest in Yielders itself. Check out their campaign here: https://www.seedrs.com/yielders
In this episode, we’re talking about the misconceptions we had when we first started investing, why investing in the stock market isn’t rocket science, and how we think about our portfolios. You can buy the book we talked about in the episode (highly recommended!) here (https://amzn.to/2FksrUP).
Check out the halal investing for busy professionals course at www.islamicfinanceguru.com/courses
We're talking about a not-very-well-publicised UK Government scheme today that lets you save money and returns you 25% a year! We discuss what the scheme is, how to check you're eligible (you might be surprised here and it only takes one minute to check online anyway), and a fiqhi analysis of how this is halal.
Halal investing for busy professional course - https://islamicfinanceguru.com/courses
IFG Wills - https://wills.islamicfinanceguru.com
We're discussing verses 2:261-2:274 - verses all about charity. We talk about what the qur'an has to say about charity, what a truly Islamic charity looks like and how we can start thinking about applying this properly in today's context.
How on earth are you supposed to deal with zakat on your workplace pension? What about those shares you've got? Or that buy-to-let property?
We discuss this plus much more, including a bonus tip which I had no idea about until now! We also reveal how to get our exclusive zakat guide.
P.S we just launched https://wills.islamicfinanceguru.com
We continue with our fortnightly tafseer. This week, it's 2:219-220 - the verses telling us alcohol and gambling are mostly not very good for us. We talk about what life lessons we can take from these verses with some practical application. P.S our new course Halal Investing for Busy Professionals launches in just under a month! Benefit from the early bird discount today at islamicfinanceguru.com/courses.
We're delighted to welcome Talha, the founder of the Quran Club app (https://www.quranclub.org/). If you've not heard of the Quran Club (where have you been?!), it's an app which utilises the power of technology and the global reach of the ummah for a social good - reading the quran!
This interview is all about the man behind the app and the app itself. Be sure to download it and give it a try inshaAllah!
A reminder that our course Halal Investing for Busy Professionals launches in just under one month (15 June 2019). Early bird discounts are available for a limited time so be sure to check out the course at www.islamicfinanceguru.com/courses.
Ramadan Mubarak! In this tafseer episode (which was live on Facebook and Youtube), we're discussing 2:211-212 and asking ourselves - why do miracles not happen to us? What are we doing wrong, and how can we practically change that so that we're more sensitive and alive to the miracles around us.
P.S check out our course launching in June 2019. It's called "Halal investing for busy professionals" and you can get the details at islamicfinanceguru.com/courses
We are joined in this episode by the Primary Finance team. They discuss their new Islamic mortgage product which will launch in mid-2019 inshaAllah. It aims to revolutionise the market by being truly equitable and Islamic through a fresh model. Check out their website and lend your support at: https://primary-finance.com
Do also check out our website www.islamicfinanceguru.com and subscribe to our e-mail list for the latest content!
This tafseer discusses 2:197 which, on the face of it, is about Hajj. But Allah is talking about much more, as we explore in this tafseer. Amongst other things we discuss fear and why it's good, how minimalism is Prophetic, and how to increase your willpower the Islamic way.
03:40 - How Fear gives Strength
13:15 - How a Muslim can become wealth
20:30 - How Islam can increase your willpower
26:30 - Minimalism is a Prophetic tradition
36:59 - Raising the Mundane to the Extraordinary
Don't forget to check out our website www.islamicfinanceguru.com for more content and to sign up to our e-mail updates.
We're talking about 3 key lessons from the life of Abdul Rahman ibn Auf – a supremely successful companion of the Prophet (s.a.w) and one of the 10 who were promised paradise. What can we learn from his life and implement in ours so that we may attain success from both a business and spiritual perspective?
We're going through a few of the questions we have had recently on whether or not certain jobs are haram. Investment banking and other City jobs are often the subject of such questions, but we also explore what sort of framework you need to be thinking about when analysing whether or not your job is halal.
Don't forget to subscribe to the podcast to get the latest episodes straight into your app!
We talk to Hussein Kanji, partner at Hoxton Ventures in this fascinating insight into the world of venture capital. Hussein talks about some of the companies he's invested (including the likes of Deliveroo), the amazing success rate they've had, what criteria they look for in a company, and where he thinks the next big things are happening.
watch the video: https://youtu.be/C3ggtCTS7uk
We talk to Taha Dar, co-founder of SearchSmartly (https://www.searchsmartly.co/), a company changing the way we search for property. Taha talks about setting up SearchSmartly, his story and advice for entrepreneurs.
Don't forget to check out our website www.islamicfinanceguru.com and subscribe to our e-mail list.
Please do leave a review and a rating for this podcast too!
How do companies without any debt in the UK & US compare against those who do have debt?
We're discussing the results of an exclusive screen (which you can get hold of too at islamicfinanceguru.com/debtfreelist) which compares the return over the last 3 years of zero-debt companies against companies with debt (hint: they fare very well!).
Do check out our course on halal investing for busy professionals (islamicfinanceguru.com/courses).
In today's episode, we're talking to Shahzad Younas, founder of Muslim marriage app Muzmatch. He talks about quitting his investment banking job, starting and growing Muzmatch, advice for budding entrepreneurs, and much more.
The live YouTube version is at: https://www.youtube.com/watch?v=7yZ57L01HFI
If you haven't checked out our upcoming course - Halal Investing for Busy Professionals - feel free to check it out at www.islamicfinanceguru.com/courses
In this week's session we discuss verse 2:188. It's all about how to do business with ethics - as an employer, an employee, in our personal lives as buyers and sellers on platforms like eBay, Gumtree etc, and how we should negotiate. We also cover Islam's position on bribery and whether it can ever be justified if, for example, that is the norm of the society.
Check out our website www.islamicfinanceguru.com. If you want to start putting your money to work but don't know where to start or what halal options are out there, you'll love our course launching on 15 June - Halal Investing for Busy Professionals. Get an early bird discount now - www.islamicfinanceguru.com/courses.
Today we're exploring a topic that affects most, if not all, of us - pensions. We discuss whether you should have one or opt out, some changes that are coming in that will affect your take-home salary, how to make sure that your pension is halal, and what we should be doing if our workplace pension doesn't offer something sharia-compliant.
If you have a few seconds, please leave us a rating and a review!
Check out our website: www.islamicfinanceguru.com
NZF (https://nzf.org.uk/) is the UK's only zakat-focused organisation, delivering zakat locally within the UK.
In today's podcast we're interview NZF's chief executive, Iqbal Nasim, to hear about his inspiring story starting NZF and discuss the issues around zakat, as well as advice to anyone starting their own projects, be they commercial or charitable.
Don't forget to leave us a rating and a review!
We're talking about the not very glamorous part of marriages - finance! Everything from the roles and responsibilities of a husband and wife from a legalistic but also a spiritual, practical, and moral perspective, to more day-to-day stuff like bank accounts (joint or not?) and zakat (do you pay as a couple or not?).
The comedian we mentioned at the start is called Nabil Abdulrashid - check him out!
The link to our courses page: www.islamicfinanceguru.com/courses
Thanks for listening, please do subscribe and review. JazakAllah khair.
If ever there were a topic that not many people talk about but one which is hugely important, this is it! Yes, we're talking about wills and the Islamic position on them.
Will template as mentioned within: https://www.eastlondonmosque.org.uk/sites/default/files/IslamicWillForm2014-1.pdf
Please do leave us a review and don't forget to check out our website www.islamicfinanceguru.com.
Today we're giving our tips and tricks on working and just getting started on your big idea, project or venture. We share key practical tips and some personal failures.
Link to the careers presentation mentioned: https://www.youtube.com/watch?v=Pz3EqTGHxXU (or search Islamic Finance Guru in YouTube to get to our page and find the video entitled "Career planning from an Islamic perspective").
We're discussing ayah 2:177 which is a famous verse about al-birr (righteousness). We talk about the blueprint that Allah has laid out for us in order to be amongst the righteous. And crucially, we discuss this in a practical context that will allow you to go away and start implementing some changes in order to fulfil the description that Allah gives.
If you like our stuff, do check out our website and subscribe: www.islamicfinanceguru.com (and of course subscribe/leave a review of this podcast).
Ibrahim & Mohsin
In this interview, Roshan Muhammed Salih (founder of 5pillars) talks about his journey in journalism and setting up 5pillars from scratch, entrepreneurial lessons we can take, and the future vision for 5pillars.
You can buy Roshan's book here: https://amzn.to/2Ejd66K
And you can donate to 5pillars here: https://5pillarsuk.com/donate
Halal meat is a highly emotive topic for Muslims, and we get stuck into it here discussing verses 2:168-173. You'll learn:
- What the qur'an says about what we should eat
- The mechanics of HFA/HMC/non-zabiha meat
- Should we be eating free-range only? Should we go vegetarian?
Don't forget to check out our website www.islamicfinanceguru.com and sign up to our mailing list. Thanks for your continued support!
In this episode, we're talking about how your average busy professional can start making their money work hard for them. You'll learn:
- how to make sure your workplace pension is halal and whether you should even be putting money into a workplace pension;
- how to think about the balance of your portfolio in terms of risk;
- 3 really neat ways to get halal fixed-income exposure;
- how you can passively invest on the stock market.
Don't forget to email me for the list of sharia-compliant funds on firstname.lastname@example.org.
In this episode you'll learn:
what the verse on shipping is, its meaning and why Allah (swt) would mention shipping of all things;
about the shipping industry and its modern-day importance (this might surprise you);
tangential fiqh issues on contracts (e.g. selling goods you don't own);
practical next steps on how you can use this verse to reflect and get closer to Allah (swt).
If you enjoy this tafseer, sign up to our Tafseer Club with your name and e-mail only - members get the benefit of being able to attend the live tafseer online as well as extra benefits. Signups will close at the end of 31 January 2019 and re-open around April: https://mailchi.mp/da8475c055c6/tafseerclub
We interview the hugely inspiring Hajra and Umair, a Muslim couple running a successful Amazon business. They talk about their journey of going from zero to having a successful, semi-automated Amazon business, tips on how you can get started (including an old-school way to find your niche), their failures and so much more!
If you want to get in touch with Hajra and Umair, contact us through www.islamicfinanceguru.com/contact-us.
P.S Hajra and Umair couldn't tell you what niche they're in exactly because publicising that for the world to hear isn't great for a business that relies on its uncompetitive niche! But the tips they give will stand you in good stead to go off and find your own.
This week we're continuing our finance tafseer with Surah Baqarah and focussing on the important topic of how to set and achieve your life goals through the Qur'an.
1. 2:128/131/138: Allah wants all of you. Not just your Friday.
2. 2:143: Your duty – stop your brother from selling alcohol or taking interest.
3. 2:148: Everyone has a God-given goal. Find yours.
Check out our website www.islamicfinanceguru.com
In this episode, we're focussing on a question we get asked about a lot: can Muslims work in investment banking?
Please subscribe to our podcast if you enjoy it and leave us a review. This helps to spread the podcast far and wide.
Check out our website www.islamicfinanceguru.com.
Welcome to our fortnightly tafseer live on Saturdays at 7pm UK time on www.islamicfinanceguru.com/livetafseer.
This week we continue with Surah Baqarah: 2:57, 2:61, & 2:100
Themes: 1. Eat and earn halal and pure (tayyib) - plus we intro to one of the only truly halal and tayyib chicken producer in the UK today. (http://www.handtfood.com).
2. Never be ungrateful or impatient with what you have - you don't know how lucky you are.
3. Uphold contracts and read them properly.
If you enjoy this, we'd be so grateful if you could rate us 5* on your podcast app.
Head over to our website www.islamicfinanceguru.com and subscribe to our mailing list to find out about all the content we have.
Welcome to the Millionaire Muslim podcast by www.islamicfinanceguru.com.
In this episode, we're addressing the age-old question of Islamic mortgages. Are they actually Islamic or should you just go for a conventional mortgage?
Subscribe to the podcast and rate us so that we get a wider reach!
Welcome to the Millionaire Muslim podcast by www.islamicfinanceguru.com. This week we continue with Surah Baqarah: 2:2-3. Themes: 1 - What are the problems with the modern economy? What are the Islamic solutions? And what can we do about it? Subscribe!
Welcome to the Millionaire Muslim podcast by www.islamicfinanceguru.com. This week we cover Surah Baqarah: 2:2-3 Themes: 1. - Keeping the bigger context in mind (Islamic mortgages, shares) 2 - Treating Islamic restriction seriously 3 - What is the structure of the modern economy? What are the problems with it? And what are the Islamic solutions? Subscribe!
Welcome to the Millionaire Muslim podcast by www.islamicfinanceguru.com. This introductory tafseer covers Surah Fatiha and the themes of: arrogance, the signs of Allah in the economy, the concept of mercy for mankind, and taking account of our actions. Subscribe!
Welcome to the Millionaire Muslim podcast by www.islamicfinanceguru.com. In this episode, we're talking about the misconceptions we had when we first started investing, why investing in the stock market isn't rocket science, and how we think about our portfolios. You can buy the book we talked about in the episode (highly recommended!) here.
Welcome to the Millionaire Muslim podcast by www.islamicfinanceguru.com. In this episode, we're talking about careers. We discuss our backgrounds, what we've learnt, some tips for getting ahead in your own careers, plus some valuable tips for those starting out. Subscribe!