Muslim Life Hackers - Almir Colan: How Riba Affects Our Lives and Building Real Wealth

Almir Colan: How Riba Affects Our Lives and Building Real Wealth

07/01/24 • 43 min

In this episode of the Muslim Life Hackers Podcast, host interviews Almir Colan, an expert in Islamic economics and finance. They discuss the concept of risk-taking in life and delve into the principles of the Islamic economy. Almir explains the issues with riba (interest) and its negative impact on society and economies, contrasting it with the ethical and productive nature of wealth creation in Islam. They explore the importance of initiative and being forerunners in various aspects of life.
Timestamps:
01:41 Understanding Islamic Economics
02:34 The Impact of Riba on Society
03:06 Riba and Historical Perspectives
07:45 The Riba Mentality
11:24 Capitalism and Its Flaws
15:10 Islamic Solutions to Economic Issues
29:38 The Importance of Initiative
36:53 Life Hacks and Book Recommendations
About Almir Colan:
Almir Colan teaches and advises on Islamic finance, economy and management. He is the founder of Muslim Money Matters, an adviser to a number of institutions that provide Islamic finance, and a member of a working group at AAOIFI. Previously, Almir was a consultant lecturer for the Master of Islamic Banking and Finance Course at La Trobe University.
Connect with Almir Colan:

Resources Mentioned:

The One Minute Manager Meets The Monkey by Ken Blanchard

Connect with Muslim Life Hackers:

Connect with Mifrah Mahroof:

🏖️ This episode is sponsored by Sisters Explore, a company I founded to offer guided small-group travel for Muslim women to connect, explore, and enjoy faith-centered journeys. Learn more at http://www.sisters-explore.com

Disclaimer: Some links in this description are affiliate links.

Resources Mentioned:

The One Minute Manager Meets The Monkey by Ken Blanchard

Connect with Muslim Life Hackers:

Connect with Mifrah Mahroof:

Disclaimer: Some links in this description are affiliate links.

Previous Episode

Gemi Hartojo: Understanding Feminine Energy and Overcoming Burnout

In this episode, business coach Gemi Hartojo explores why high-achieving women face burnout in the workplace. The conversation covers the differences in masculine and feminine energy in the workplace and practical strategies to find flow and fulfillment in both professional and personal settings.
Timestamps:01:35 Challenges Faced by High Achieving Women
04:04 Understanding Masculine and Feminine Energy in the Workplace
15:25 Finding Your Zone of Genius
28:46 Balancing Family and Personal Time
29:35 The Concept of Time in Islam
32:46 Parenting Challenges and Strategies
36:57 Respect and Boundaries with Children
42:58 Embracing Feminine Energy and Chaos
About Gemi Hartojo:Gemi Hartojo (Guh-mee, Harr-Toyo), is a trained and certified business coach from the Co-Active Training Institute (CPCC) and ACC credentialed by the ICF; who guides business leaders, entrepreneurs, and their teams to become highly effective individuals and groups, cultivating positive, inclusive, and psychologically safe environments.
Connect with Gemi Hartojo:

Resources Mentioned:

The 7 Habits of Highly Effective People by Stephen R. Covey

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Disclaimer: Some links in this description are affiliate links.

Next Episode

Sumaiya Siddiqui: Understanding Self-Worth and Self-Respect

In this episode, Mifrah Mahroof welcomes Sumaiya Siddiqui, a relationship and emotional coach, to delve into critical topics affecting our self-esteem and relationships. From understanding the roots of self-esteem issues to learning how to balance humility and self-respect, this conversation offers practical insights and advice for everyone, especially women. Sumaiya shares her experiences and wisdom, connecting everything back to the teachings of Islam, helping listeners build better self-awareness and relationships.
Timestamps:
01:53 Understanding Self Esteem and Its Impact
02:52 The Role of Self Concept and Self Image
04:13 Connecting Self Worth to Faith
08:59 Balancing Self Awareness and Humility
16:48 Accepting Yourself and Overcoming Low Self Esteem
21:31 Cultural Reflections on Family Dynamics
22:46 The Importance of Self-Respect
23:37 Navigating Boundaries in Relationships
26:59 Effective Communication Strategies
36:51 Learning from the Seerah
About Sumaiya Siddiqui:
Sumaiya Siddiqui is a Certified Life Coach from MUMKIN and AWARE ACADEMY (Australia). She is also the Founder and CEO of “Lead to Change” (Sydney). She has a Grad Dip Psychology (JCU, Australia) and is also pursuing a Master’s in Psychotherapy.
Connect with Sumaiya Siddiqui

Resources Mentioned:

Connect with Muslim Life Hackers:

Connect with Mifrah Mahroof:

Disclaimer: Some links in this description are affiliate links.

Muslim Life Hackers - Almir Colan: How Riba Affects Our Lives and Building Real Wealth

Transcript

Almir Colan00:00:00.000

Everything in life worth doing, takes risk. to get anywhere, you need to embrace that risk. And so, more you do that, you develop this capacity to deal with the risk

Mifrah Mahroof00:00:13.054

As-salamu alaykum and welcome to the Muslim Life Hackers podcast. I'm your host Mifrah Mahroof and this is the podcast where we get better every day. Through conversations with experts, leaders, and inspiring individuals. W