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:

• Social Media
• YouTube
• Muslim Money Matters
• Islamic Finance Podcast

Resources Mentioned:

• The One Minute Manager Meets The Monkey by Ken Blanchard

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