My Blog
Sharing things about Islamic Finance, business and other interests...
Buy now, pay later: The Trouble with Frictionless debt
Recently my kids came to me and told me that they wanted to buy something online. I asked them what it was, and it turned out to be a significant purchase. I asked them, how will they buy it since their savings were not enough?
They told me about a new app which allowed them to “buy now, pay later”. I did not like that idea for a number of reasons.
Watch video to learn more.
The Financialization and Gamification of the Economy
In this video we are talking about 2 concepts that are important for understanding the key trends in our economy today.
Wisdom behind Prohibition of Riba (interest) - Case study GFC
One of the miracles of Islam are the rules of Riba (interest, usury). Many students who for the first-time study these rules think they are a burden to the economy and question wisdom to why we exchange money for money in equal amounts and on the spot. Sometimes we even ask if there is a place for such restrictions in a modern economy? In this clip, we analyse the power of Islamic economic principles regarding the ban on Riba by looking at the root causes of the Global Financial Crisis.
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Interview: From personal to finance matters
In this interview, I share memories from my childhood and growing up in Sarajevo, and also some thoughts about challenges in the Islamic economy and finance.
The video is translated with English subtitles & recorded during my recent trip to hometown Sarajevo in Bosnia by Televizija 5.
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Youtube link: https://www.youtube.com/watch?v=EHyKSAMO3QU
