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 5: Genesis of the Islamic Finance Industry and Islamic Finance Structures Simply Explained!
In this episode, Anisa and I discuss the genesis of the Islamic banking and finance industry. We discuss some of the challenges of the profit and loss sharing structures (mushaarakah, muDaarabah etc) and share some of the criticisms of the sale-based muraabahah, commodity muraabahah and ijara muntahia bit-tamleek structures. We try to explain what these Islamic structures are in the simplest of terms.
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Check out:
Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)
Instagram: Muslim Money Podcast
Twitter: Dr Imran Lum
