The BIG Problem with Islamic Banking | Umer Suleman - Muslim Money Talk (Episode 5)

Описание: In this episode of Muslim Money Talk, Areeb Siddiqui speaks with Umer Suleman, Chief Risk Officer at Wahed, about the complexities and evolving landscape of Islamic finance. Umer shares his journey from conventional banking to Islamic fintech, highlighting the challenges, ethical considerations, and the future potential for Islamic financial services.

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00:00 - Intro

02:25 - How Kestrl started

04:16 - Early career and passion for Islamic Finance

05:55 - Public and Private sector experience at EY and HSBC

10:46 - Finance and Fighting the persecution of Muslims

14:42 -Why are Muslims so bad with money?

16:43 - Kestrl tackling financial illiteracy and scams

20:17 - Why Muslims don't trust Islamic Banks?

24:11 - How Islamic is Islamic Finance?

30:07 - Disruption and FinTechs in Islamic Finance

34:36 - FinTechs collaborating for the BIGGER picture

37:13 - Has Gaza united Muslims?

45:16 - What Kestrl can do for Banks

45:49 - How can Muslims unlock their potential?

48:19 - Start-Ups helping Palestine

51:41 - What does Wahed do today?

57:45 - The future of Islamic finance

1:02:44 - Investing in people and creating high-performing teams.

1:07:08 - Islamic finance as a universal solution for ethical finance.

1:11:00 - Ethical vs Islamic Finance in AAOFI standards

1:15:30 - The broader impact of boycotts and financial ethics.