Islamic Finance Explained - Wisdom behind Prohibition of Riba (interest) w. Almir Colan

I had a big privilige to interview Almir Colan, who’s a Director of the Australian Centre for Islamic Finance (AUSCIF) and CEO at Olive Investments. I believe that today’s podcast episode is the most important one for the Muslim and non-Muslim community because we’re going to dive deep into Islamic finance. Some of the topics that we discuss include: what is Riba (interest) and why is it prohibited in Islam, how does Islamic bank issue a mortgage or a loan, why did the global financial crisis happen in 2008, is Islam capitalistic or socialistic, and much more.