Understanding Islamic Finance

In the last century, interest in Islamic finance has increased dramatically with lead comedians such as Bill Burr discussing it. Some have described it as an alternative solution to capitalism and communism whereas others argue it remains identical to conventional banking but merely changes terminology. 

In this podcast, we will discuss the basics behind Islamic finance, buying/financing homes, its relation to conventional banking and which system is more superior. 

Timestamps:

0:00 Intro

1:32 Preliminary Remarks

3:50 What is Islamic Finance?

10:05 Riba (Interest) 

38:32 Murabaha (Installment sale)

41:02 Renting

50:32 Musharaka

51:18 Islamic Finance vs Conventional banking

1:05:25 What does the Future of Islamic Finance Look Like?

1:14:07 Conclusion