Muslim Money with Dr Imran Lum
The Muslim Money podcast, hosted by Dr Imran Lum, talks about anything and everything related to Muslims and money. The idea behind this podcast series is to increase Islamic financial literacy on all things related to Muslims and Money. Leveraging the host's academic studies and work in the Islamic finance industry, the series covers some of the prohibitions namely ribā or what many interpret as interest, Islamic economics, Islamic finance structures, and also what it's like to work in the Islamic finance industry. The host talks to experts, business leaders, investors, and academics who are shaping the Islamic finance industry and it will also cover money and relationships. About the host: Imran is the Head of an award-winning Islamic Finance business at a major Australian bank and is the author of 'A Comparative Study of Islamic Finance in Australia and the UK' (Routledge, UK, 2022). Prior to this he served on the Board of the Australia-ASEAN Council, Department of Foreign Affairs and Trade, and was an Honorary Research Fellow at the Institute for Religion, Politics and Society at the Australian Catholic University. Imran was ranked in the top 500 who make the Islamic Economy by ISLAMICA 500 (2017-2019) and he was the 2019 Corporate Winner for the 40 Under 40 Most Influential Asian-Australians. Imran has an undergraduate degree from the University of Adelaide, a Masters in Islamic Studies from the University of New England and a PhD in Islamic Studies from the Melbourne Law School and the Asia Institute at the University of Melbourne.
Muslim Money with Dr Imran Lum
Episode 2: What is Ribā? A Background to the Prohibition
In this episode, we give a bit of background to the prohibition of ribā. There is little debate in the Islamic tradition on the prohibition of ribā. The differences, however, lie in the interpretation of ribā and the question of how to live in a society that is heavily reliant on interest and conventional banking, yet at the same time remain observant of the prohibition. We'll be exploring the origins of this conundrum.
Check out:
Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)
