SubhānAllāh, I'm pretty sold. And I have a Ph.D in Islāmic Finance. Left the industry 6 years ago because saw too many lies and cover-ups (in MY and elsewhere of 'Muslim' countries). Glad for Junaid and his efforts. 2ndly, I now begin to understand why K.J. put his hand up for PM-ship. And I am beginning to realise, that yes, he might be able to save the abyss that Malaysia has propelled itself in. I think I look forward to the day that he will be at the helm. And make MY a thriving country, as it deserves to be. Allāh has blessed it with soo much resources but because of mismanagement, everybody is going down. Oh, and saya warga Singapura. Jazākum Allāhu khairān, again to K.S. (both Keluar Sekejap and Kindred Stories) for the wonderful, eye- and mind-opening interview.
I am actually considering to pursue my degree and my studies in islamic finance do you have any suggestions and guidance for us who are interested in islamic finance?
@@arrabih2001 Salaam, are you a male or female? If female, please give your email address. Male - You may speak to the many I.F. professionals. May Allāh ease.
Alhamdulillah we can understand the main reason why Junaid created Wahed. The underlying true North as Muslim, to get involve, focus in Riba-free Economics & Finance world.
Thank you KS for inviting Junaid. Had it not happened, I maybe will forever under the wrong assumption that Wahed is just another “Islamic” financial institution, which tbh, not so different with the conventional ones. Now I want to go back to Wahed and invest my money. Thanks all and may Allah bless us all ✨
wow!! mind blowing when i heard his ideas and concept to overtake the interest/riba system..thanks kj and sh bring the great person and smart..it jus fascinating me to know more on his project n investment products!!
Mind-blowing and thought-provoking. Especially for those in line with wealth management and the banking industry. Coming from a family that strictly practises Islam. He takes the risks to ride the alternatives for Muslims. Thanks for sharing the journey, and his effort to solve Riba's problems. "This is the most beautiful trophy I can think of. Imagine you die, and you say, I fought this war against Riba"- Junaid. Do listen to Wahed's founder and KS. Love this episode!
This was such a good talk, Junaid explains it so well to laymen like me who doesn’t understand finance at all, while Khairy and Shahril are excellent interviewers. Well done to these 3 men!
This respected gentleman is the embodiment of what the more fortunate, affluent, and blessed believer should do with their live. That is seek to help to contribute to the ummah instead of amassing wealth merely for material purposes. I believe the wealthy from the Arab countries for example, could do more to fund historical projects of preserving Islamicate artifacts and manuscripts. There's thousands of Islamicate artifacts and manuscripts being sold online on places like ebay and amazon that it's sad our heritage is being auctioned with no regard to its importance. Funding researchers across the globe on writing academic papers on history would help too, this is important to form and solidify the sense of identity towards the ummah and would lead to a more refined and hardworking members of society. Much respect to the lad and may God bless him.
Put my comment here as a stamp as a witness in Day of Judgement that Allah knows me has intention for the rightly guided minds to the truth of Islamic way in finance.
More Muslims need to hear this alternative brought by Wahed as all of us want to get away from Riba banks. Now we need debit card & fpx ability to let Wahed be a primary savings account
Great episode KJ and SH! I love Junaid’s drive & single-mindedness and what’s more amazing is the fact that he’s doing something about it. Way better than most of us who only complain & who think cynicism is a mark of superior intelligence. Some great points: 1) it’s an issue when exception becomes the norm, 2) Islamic money lender is an oxymoron. May Allah ease your affairs, Junaid.
Alhamdulillah. Hands down this is the best episode ever! From Keluar Sekejap and Kindred Stories combined! This really opens the eyes to all, not even just Muslims on how corrupt is the banking system. Thank you for inviting this really awesome open thinking guest. Really firm in his beliefs and stand his ground well. Good luck in your future endeavours and i will surely support Wahed Invest. Really powerful view on the future on finance. The truth on how finance should be.
I have been an anti Riba for 9 years. I listened to Imran Hosein, Dato Abdul Manaf (Ex- Bank Muamalat CEO), LaRiba, Dr Zaharuddin. I have been 'lost' in life after being hardline of No Riba and lived secluded for almost a year (2016). And Alhamdulillah recovered and now working and got married like normal Muslim. After listening to Junaid, my heart felt back alive with my and spirituality fighting spirit. Junaid's vision and mission is the most admirable one. His direction is from Islamic value and morality (genuinely from his internal consciousnesses) combined with practicality from his knowledge and experience. Hopefully I can fight and live a purposeful life like Junaid one day.
One of the most BEST eps ever! I’m coming from an economics background with specialization of islamic economics, and all I can is his points are alligned with all my islamic econs professor. Our department have been educating on this for so long but it seems out of touch especially with the realities. This guy literally do everything he can out of all the resources he had and somehow educating the nation. My parents also had the same view to not take islamic finance as a major (its actually interest me when starting undergrad), currently I am working in a fintech company (stockbroking) for Aussie market in compliance department. Deep down this is what all of us are fighting for, but resources and capacity are limited. I am thinking to pursue my studies but contemplating which area should I discover…
Masya Allah. May Allah pave the way and make it easy for Junaid to achieve this vision of freeing the Muslims from riba. My heartfelt thanks to KJ and Shahril for inviting this Finance genius to the podcast. May Allah reward all of you for spreading the word of Allah in your own special ways. ❤❤❤
MasyaAllah my prayers goes out to Junaid and team Wahed for pursuing this path of truth. I’m definitely investing in Wahed and gonna make the people around me to do it too! InsyaAllah we will see the success in Wahed soon.
Thank you KJ and Shahril for inviting Junaid to Kindred Stories. Fantastic insights, amount of knowledge shared in simplest yet blunt explanation. Personally, it is suffocating when circumstances push to the haram alternative while the voice reminding the sin keeps nagging. This is what I call, Allah’s guidance when we seek for help, seek for way out. Alhamdulillah to Wahid team for creating this alternative to free people like me from continuing committing one of the biggest sins. Jazakallahu khayran 🤲🏼
"Our biggest challenge of actually solving the riba problem is the 'Islāmic' Finance industry" - Beauuuuutiful thing ever no. 2. That's why I left the industry 6 six years ago.
Another great episode...congratulations KS for bringing in Junaid Wahedna to enlighten us on another alternative platform to stay away from riba and to be Shariah compliant in our Islamic finance dealings and transactions. Great job KJ, SH and Junaid. May Allah ease everything that Wahed plans to undertake for the betterment of ummah. All the best to All.
Fascinating and electrifying ideas from him, opened a new horizons to the finance world where we were deceived to believe that it cannot be changed, truly he has convinced us that in this digital horizon taking a fraction of it can lead us back to Islam philosophy/ route and teaching, let us all gather out our force to translate this "mission impossible" to be "mission possible lilahitaala"
Im praying for your safety and really hope everything you want to do in Wahed is truly succesful. I'm afraid there might be some big power want to stop you that realizing more people how dangerous bank are, also afraid people turn into better Muslim, and rich people cannot be more rich by just sitting on their couch.
Assalamualaikum KJ and Shahril, I would like to suggest if possible for you to invite Bassem Youssef to Kindred Stories. Might have a very large impact for your podcast.
Good topic to be highlighted. Muslim should have more awareness on this Islamic economic finance and Riba issues. Kudos to KS to discuss on this topic.
Excellent podcast, I am keen to see KS inviting Harris Irfan, Safdar Alam and Tarek El-Diwany. They are well-known figures in advocating alternatives to riba' based financial system.
Really beautiful episode. It is indeed a mission impossible to undo the world from riba/interest which established for century if not decades. May Allah help us muslims to free from this sin and be more established financially.
He is very confident with the plan btw if people who want to do something good, we should support even if it's mission impossible, we support and see if the result is successful or not, it's all by God's permission
I really hope honest Malaysian not-for-profit ministers could take this opportunity to bring this company totally into Malaysia. We should be the ones to support Muslim startups or companies. We should ashamed he picked America first rather than Malaysia as a Muslim country.
already invested in their etf, HLAL & UMMA for 3 years.. nice profit The company; Wahed Invest has been in Malaysia since 2019 and approved Malaysia SC since then..
brilliant passionate guy junaid, we have respect for genuine fighter like him,he speak his mind vision clearly and made us all felt ashamed not to have same vision as him to get rid of ribawi system fully for assuming we are just nothing compare to giant bank yet u proved that even 1 single person can make difference if we truly genuine to ourself to against oppressive usury system..by at least have intention 1st
nope, keeping some fraction of deposits as reserve is not riba. Zubayr al Awwam, 1 of 10 companions who were promised paradise does not keep any deposits at all as reserve. All deposits are used for property financing, without any reserve.
You still don't really understand how banking works, how fractional reserve banking works, it creates more (additional = riba') money supply out of nothing, out of thin air, causing inflation, causing inequality, causing a wider gap between the rich and the poor as addressed by the speaker in this podcast. Please do more and in depth research about it.
@@muzakkirrahim4927 i work in banks for 10 years, and another 10 years in banking system development. I understand fractional reserve well. Its not creating money, its circulating the money. In Malaysia, from MYR100 deposits, MYR98 can be given out for financing while MYR2 is kept for reserve. Thats why it is call fractionel reserve, i.e only a fraction of deposit is kept as reserve. While Zubayr practice no reserve at all, and it is not haram. What happen if we practice full reserve system? Well your money is not circulating and the economy cannot grow. Besides it is haram to keep all your money as reserve, without spending, without circulating. Refer to At Taubah 34-35. I guess you are the one who should do some research.
@@muzakkirrahim4927 by the way your understanding of riba is wrong. Creating more money in circulation by the government is not riba. What is riba? Hadith narrated by ‘Ubadah bin al-Somit R.A that Prophet Muhammad PBUH said: الذَّهَبُ بِالذَّهَبِ وَالْفِضَّةُ بِالْفِضَّةِ وَالْبُرُّ بِالْبُرِّ وَالشَّعِيرُ بِالشَّعِيرِ وَالتَّمْرُ بِالتَّمْرِ وَالْملح بالملح مثلا بِمثل سَوَاء بسَواءٍ يَدًا بِيَدٍ فَإِذَا اخْتَلَفَتْ هَذِهِ الْأَصْنَافُ فَبِيعُوا كَيْفَ شِئْتُمْ إِذَا كَانَ يَدًا بِيَدٍ "Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made on the spot. If these classes differ, sell as you wish if payment is made on the spot.”
@@muzakkirrahim4927 I work in banks for 10 years, and another 10 years in banking system development. I understand banking system well. Create more money in circulation by the government is not riba, its not haram. It is the responsibility of the government to ensure money in circulation is sufficient for the economy. You don’t understand what riba is. Hadith narrated by ‘Ubadah bin al-Somit R.A that Prophet Muhammad PBUH said: الذَّهَبُ بِالذَّهَبِ وَالْفِضَّةُ بِالْفِضَّةِ وَالْبُرُّ بِالْبُرِّ وَالشَّعِيرُ بِالشَّعِيرِ وَالتَّمْرُ بِالتَّمْرِ وَالْملح بالملح مثلا بِمثل سَوَاء بسَواءٍ يَدًا بِيَدٍ فَإِذَا اخْتَلَفَتْ هَذِهِ الْأَصْنَافُ فَبِيعُوا كَيْفَ شِئْتُمْ إِذَا كَانَ يَدًا بِيَدٍ "Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made on the spot. If these classes differ, sell as you wish if payment is made on the spot.” Fractional reserve is keeping a fraction of deposits as reserve. In Malaysia, for MYR100 deposits, MYR98 can be given out as financing while MYR2 is kept as reserve. That’s why it is called fractional reserve system. Referring to the companion Zubayr al Awwam, he is allowed to practice no reserve at all. How can fractional reserve haram when no reserve is allowed? Besides, reserving all your money without spending and circulating to the economy is haram. Refer to At Taubah 34-35. Please do more and in depth research about it
It's already a problem,then Islamic Banking comes to shariahlize this issue, later onwards I believe it is being swayed in greed. It is oxymoron because we just tricked it. Junaid already made it clear with this matter, even I believe some of us already notice this..
On the topic of unit of measurement it’s really simple.. one has intrinsic value and it is finite in supply.. the other is worst than toilet paper and is subjected to human intervention senseless printing..
Salam Junaid, is Wahed planning to help investors to evaluate individual stocks as shariah compliant or otherwise? Or better, is Wahed planning to take on the likes of IBKR as a platform for us to own assets in stocks and ETFs? Great discussion! More like this please KS team!
I have question on the property, that 80% would be considered investment. and Wahed would later realised the profit at a new valuation of the property?
Do we have Malaysians Startup/companies that doing what hes doing ti eradicate riba in our finance system ?? Btw Thank you sir for your clarification about this topic and really open my eyes to leave Riba system that we lived today 😭😭
Assalamualaikum KJ & Shahril. I would like to suggest if possible you guys bring in Andrew Tate as a guest to discuss about his revert stories and how he can be the influence to the world for a better world societies in his own view. Thank you and thank you for your very good job in Keluar Sekejap & Kindred Stories!
Please do not, he is not a good example of a revert, he is still not making an actual progress towards Islam. Moreover, he is under investigation for human trafficking, and he does not feel guilty of his behavior towards women, he manipulated them to make money from online sex work, and he bragged about it to the point he made a class and a university to teach other men about that.Also his so called university is actually a group of wealthy men who do not disclose the source of their income, they claim it comes from investment but they do not specify it, his senior group member is a staunch Zionist who brags about degrading women and using them for sex work which he does and have a delusional mentality of being a messiah under threat. A former employee of him went on an investigative documentary against him and said he is only a Muslim because he wants the support and protection of the Muslim community and he is not truly a Muslim. In his interviews he keeps talking about the lifestyle of Muslims and the benefits of it without referring to the Belief in Allah and the practice of Islam. He always brags about the attention he gets from Muslim preachers who are in good intentions are trying to bring reverts to the path of Islam, but they are actually being used by him. There are more faithful reverts who have been positive influence to the world and the Ummah.
![Chino Pacas - Smith (ft. Junior H & Fuerza Regida) [Video Visualizador Oficial]](http://i.ytimg.com/vi/BVK6k56X30Y/mqdefault.jpg)
SubhānAllāh, I'm pretty sold. And I have a Ph.D in Islāmic Finance. Left the industry 6 years ago because saw too many lies and cover-ups (in MY and elsewhere of 'Muslim' countries). Glad for Junaid and his efforts. 2ndly, I now begin to understand why K.J. put his hand up for PM-ship. And I am beginning to realise, that yes, he might be able to save the abyss that Malaysia has propelled itself in. I think I look forward to the day that he will be at the helm. And make MY a thriving country, as it deserves to be. Allāh has blessed it with soo much resources but because of mismanagement, everybody is going down. Oh, and saya warga Singapura. Jazākum Allāhu khairān, again to K.S. (both Keluar Sekejap and Kindred Stories) for the wonderful, eye- and mind-opening interview.
I am actually considering to pursue my degree and my studies in islamic finance do you have any suggestions and guidance for us who are interested in islamic finance?
@@arrabih2001 Salaam, are you a male or female? If female, please give your email address. Male - You may speak to the many I.F. professionals. May Allāh ease.
Alhamdulillah we can understand the main reason why Junaid created Wahed. The underlying true North as Muslim, to get involve, focus in Riba-free Economics & Finance world.
Thanks Wahed. i invested since 2019. One of my portfolio already growth to 375%.
Protect this guy at all cost.
Thank you KS for inviting Junaid. Had it not happened, I maybe will forever under the wrong assumption that Wahed is just another “Islamic” financial institution, which tbh, not so different with the conventional ones. Now I want to go back to Wahed and invest my money. Thanks all and may Allah bless us all ✨
wow!! mind blowing when i heard his ideas and concept to overtake the interest/riba system..thanks kj and sh bring the great person and smart..it jus fascinating me to know more on his project n investment products!!
Mind-blowing and thought-provoking. Especially for those in line with wealth management and the banking industry.
Coming from a family that strictly practises Islam. He takes the risks to ride the alternatives for Muslims.
Thanks for sharing the journey, and his effort to solve Riba's problems.
"This is the most beautiful trophy I can think of.
Imagine you die, and you say, I fought this war against Riba"- Junaid.
Do listen to Wahed's founder and KS. Love this episode!
This was such a good talk, Junaid explains it so well to laymen like me who doesn’t understand finance at all, while Khairy and Shahril are excellent interviewers. Well done to these 3 men!
This respected gentleman is the embodiment of what the more fortunate, affluent, and blessed believer should do with their live. That is seek to help to contribute to the ummah instead of amassing wealth merely for material purposes. I believe the wealthy from the Arab countries for example, could do more to fund historical projects of preserving Islamicate artifacts and manuscripts. There's thousands of Islamicate artifacts and manuscripts being sold online on places like ebay and amazon that it's sad our heritage is being auctioned with no regard to its importance. Funding researchers across the globe on writing academic papers on history would help too, this is important to form and solidify the sense of identity towards the ummah and would lead to a more refined and hardworking members of society. Much respect to the lad and may God bless him.
gua dh ckp solid...insyaallah.... Aamiin....😊
2021 aku withdraw semua investment aku dari wahed dan gain profit. Hari ni aku start invest balik..harap2 terus maju..
Game changing and revolutionizing the finance world with absolutely the right intent .. definitely need to be supported especially by the ummah
Put my comment here as a stamp as a witness in Day of Judgement that Allah knows me has intention for the rightly guided minds to the truth of Islamic way in finance.
More Muslims need to hear this alternative brought by Wahed as all of us want to get away from Riba banks.
Now we need debit card & fpx ability to let Wahed be a primary savings account
Great episode KJ and SH! I love Junaid’s drive & single-mindedness and what’s more amazing is the fact that he’s doing something about it. Way better than most of us who only complain & who think cynicism is a mark of superior intelligence. Some great points: 1) it’s an issue when exception becomes the norm, 2) Islamic money lender is an oxymoron. May Allah ease your affairs, Junaid.
Alhamdulillah. Hands down this is the best episode ever! From Keluar Sekejap and Kindred Stories combined! This really opens the eyes to all, not even just Muslims on how corrupt is the banking system. Thank you for inviting this really awesome open thinking guest. Really firm in his beliefs and stand his ground well. Good luck in your future endeavours and i will surely support Wahed Invest. Really powerful view on the future on finance. The truth on how finance should be.
Agree. It's the best episode
I have been an anti Riba for 9 years. I listened to Imran Hosein, Dato Abdul Manaf (Ex- Bank Muamalat CEO), LaRiba, Dr Zaharuddin.
I have been 'lost' in life after being hardline of No Riba and lived secluded for almost a year (2016). And Alhamdulillah recovered and now working and got married like normal Muslim. After listening to Junaid, my heart felt back alive with my and spirituality fighting spirit.
Junaid's vision and mission is the most admirable one. His direction is from Islamic value and morality (genuinely from his internal consciousnesses) combined with practicality from his knowledge and experience.
Hopefully I can fight and live a purposeful life like Junaid one day.
One of the most BEST eps ever! I’m coming from an economics background with specialization of islamic economics, and all I can is his points are alligned with all my islamic econs professor. Our department have been educating on this for so long but it seems out of touch especially with the realities. This guy literally do everything he can out of all the resources he had and somehow educating the nation.
My parents also had the same view to not take islamic finance as a major (its actually interest me when starting undergrad), currently I am working in a fintech company (stockbroking) for Aussie market in compliance department.
Deep down this is what all of us are fighting for, but resources and capacity are limited. I am thinking to pursue my studies but contemplating which area should I discover…
Masya Allah. May Allah pave the way and make it easy for Junaid to achieve this vision of freeing the Muslims from riba. My heartfelt thanks to KJ and Shahril for inviting this Finance genius to the podcast. May Allah reward all of you for spreading the word of Allah in your own special ways. ❤❤❤
EYE OPENING DISCUSSION! THANK YOU KS! WILL START TO INVEST IN WAHED!!
Passionate man, genius simple minded, easy to understand. Thankyouu junaid
MasyaAllah my prayers goes out to Junaid and team Wahed for pursuing this path of truth. I’m definitely investing in Wahed and gonna make the people around me to do it too! InsyaAllah we will see the success in Wahed soon.
Thank you KJ and Shahril for inviting Junaid to Kindred Stories. Fantastic insights, amount of knowledge shared in simplest yet blunt explanation.
Personally, it is suffocating when circumstances push to the haram alternative while the voice reminding the sin keeps nagging.
This is what I call, Allah’s guidance when we seek for help, seek for way out.
Alhamdulillah to Wahid team for creating this alternative to free people like me from continuing committing one of the biggest sins.
Jazakallahu khayran 🤲🏼
"Our biggest challenge of actually solving the riba problem is the 'Islāmic' Finance industry" - Beauuuuutiful thing ever no. 2. That's why I left the industry 6 six years ago.
ALhamdulillah. Thanks KJ & SH for bringing Mr Junaid into this podcast. Very enlightening.
I agreed 💯 what he said..unfortunately it is not easy to undo the interest system(riba)
I believe that there must be a first step
yes...that is my current concern about money and finance.. but as he said.. we are making it a norm nowadays.. so hard to run away from it 😢
Thank you for inviting Junaid to this podcast...May Allah bless this man & may we all get far away from riba
I'll support Wahed bcoz of his good intention
Wow! One of the best episodes so far! Thank you KS for the guest invite. Brother Junaid, you've got a new subscriber for Wahed
This is the best spiritual food I've ever had
I appreciate the enthusiasm and positivity you're bringing! It's really uplifting.
Alhamdulillah, sy baru invest di Wahed . . sesi ni membuka mata dan hati . . Thank You Kindred Stories
Oh junaid, your stories have brought tears to my eyes
MashaAllah.May Allah protect Wahed and Junaid.
MashaAllah... love this guy, Junaid! he is holding the word of Allah! ittaqullah...
Another great episode...congratulations KS for bringing in Junaid Wahedna to enlighten us on another alternative platform to stay away from riba and to be Shariah compliant in our Islamic finance dealings and transactions. Great job KJ, SH and Junaid. May Allah ease everything that Wahed plans to undertake for the betterment of ummah. All the best to All.
Fascinating and electrifying ideas from him, opened a new horizons to the finance world where we were deceived to believe that it cannot be changed, truly he has convinced us that in this digital horizon taking a fraction of it can lead us back to Islam philosophy/ route and teaching, let us all gather out our force to translate this "mission impossible" to be "mission possible lilahitaala"
Satu je nak cakap. Amazing la kindred stories. Gengs ks mantap. Semoga capai 100k subscribers tahun ni
more people need to be exposed to this topic, what a great episode! so much knowledge shared and still so much yet to be learned
wow masyaAllah, in tears watching this.
This dude sounds like Ust Nouman Ali Khan. Anyhow iAllah we will support your 'moonshot' initiative.
Im praying for your safety and really hope everything you want to do in Wahed is truly succesful. I'm afraid there might be some big power want to stop you that realizing more people how dangerous bank are, also afraid people turn into better Muslim, and rich people cannot be more rich by just sitting on their couch.
Assalamualaikum KJ and Shahril, I would like to suggest if possible for you to invite Bassem Youssef to Kindred Stories. Might have a very large impact for your podcast.
A good platform for dakwah alhamdulillah.
ONE OF THE BEST EPISODE SO FAR!!
Thank you for this insightful episode!! Really love Mr Junaid’s enthusiasm, may Allah ease everything for him.
This podcast is really amazing! Thank you Kj and Shahril for inviting Junaid Wahedna for this episode
I truly respect this financier.....how he abstained h.self frm the life in new york
wow, this answers alot of questions. its an uphill battle. but atleast we have an idea how now. start small.
Good topic to be highlighted. Muslim should have more awareness on this Islamic economic finance and Riba issues. Kudos to KS to discuss on this topic.
Excellent podcast, I am keen to see KS inviting Harris Irfan, Safdar Alam and Tarek El-Diwany. They are well-known figures in advocating alternatives to riba' based financial system.
Love this guy no compromises
This is a great jihad. Im proud as Wahed investor since 2021
Ustaz Noor Derus already talked about this for years
Tapi Ustaz Noor Derus tak ada solusi
MasyaAllah....... I got nothing else to say! Barakallah fiik
Great talk, more of this
Really beautiful episode. It is indeed a mission impossible to undo the world from riba/interest which established for century if not decades. May Allah help us muslims to free from this sin and be more established financially.
He is very confident with the plan btw if people who want to do something good, we should support even if it's mission impossible, we support and see if the result is successful or not, it's all by God's permission
I really hope honest Malaysian not-for-profit ministers could take this opportunity to bring this company totally into Malaysia. We should be the ones to support Muslim startups or companies. We should ashamed he picked America first rather than Malaysia as a Muslim country.
already invested in their etf, HLAL & UMMA for 3 years.. nice profit
The company; Wahed Invest has been in Malaysia since 2019 and approved Malaysia SC since then..
brilliant passionate guy junaid, we have respect for genuine fighter like him,he speak his mind vision clearly and made us all felt ashamed not to have same vision as him to get rid of ribawi system fully for assuming we are just nothing compare to giant bank yet u proved that even 1 single person can make difference if we truly genuine to ourself to against oppressive usury system..by at least have intention 1st
What is ribawi system?
New subsciber here. Interesting and eye opening conversation. Keep it up, KJ Sharil and kindred stories team ❤
Thanks for this sharing, i have been invested to wahed but stop half way.. after heard this will re-invest back
Another one of the best from KJ & SH!! Thanks you for sooooo much for ideas & princples shared in this session!
wow best episode so far. mind blowing TBCH
subhanAllah , powerful of Allah want to help us with create person as him.
What a lovely episode we had
Why have I never heard of this app! Signed & will invest soon!
Im sold, getting wahed now.
kindred stories awesome...like the guest topic...and the guest topnotch
Mintak KS buat ulasan lebih lanjut pasal ni dlm bahasa melayu.
Atau boleh letak subtitle / closed caption dalam Bahasa Melayu 😉
kena ada org explain dalam bahasa melayu, nalau nk direct translation mcm susah sbb terms dia takut tak tepat dll
Di RUclips boleh setting utk ada subtitles malay.
@@ibnunasz bukan pasal subtitle tapi ulasannya..
God-fearing ribawi fighter.
The thinking… wow!
Terima kasih untuk ilmu baru nie...
very intelligent and articulate. Time to use Wahed Invest
very nice sharing season… do you have reference code for wahed apps?
I really impress for this conversation, Thailand
Islamic Banking also operates on the basis of fractional reserve banking which is Riba'
nope, keeping some fraction of deposits as reserve is not riba. Zubayr al Awwam, 1 of 10 companions who were promised paradise does not keep any deposits at all as reserve. All deposits are used for property financing, without any reserve.
You still don't really understand how banking works, how fractional reserve banking works, it creates more (additional = riba') money supply out of nothing, out of thin air, causing inflation, causing inequality, causing a wider gap between the rich and the poor as addressed by the speaker in this podcast. Please do more and in depth research about it.
@@muzakkirrahim4927 i work in banks for 10 years, and another 10 years in banking system development. I understand fractional reserve well. Its not creating money, its circulating the money.
In Malaysia, from MYR100 deposits, MYR98 can be given out for financing while MYR2 is kept for reserve. Thats why it is call fractionel reserve, i.e only a fraction of deposit is kept as reserve.
While Zubayr practice no reserve at all, and it is not haram.
What happen if we practice full reserve system? Well your money is not circulating and the economy cannot grow.
Besides it is haram to keep all your money as reserve, without spending, without circulating. Refer to At Taubah 34-35.
I guess you are the one who should do some research.
@@muzakkirrahim4927 by the way your understanding of riba is wrong. Creating more money in circulation by the government is not riba.
What is riba? Hadith narrated by ‘Ubadah bin al-Somit R.A that Prophet Muhammad PBUH said:
الذَّهَبُ بِالذَّهَبِ وَالْفِضَّةُ بِالْفِضَّةِ وَالْبُرُّ بِالْبُرِّ وَالشَّعِيرُ بِالشَّعِيرِ وَالتَّمْرُ بِالتَّمْرِ وَالْملح بالملح مثلا بِمثل سَوَاء بسَواءٍ يَدًا بِيَدٍ فَإِذَا اخْتَلَفَتْ هَذِهِ الْأَصْنَافُ فَبِيعُوا كَيْفَ شِئْتُمْ إِذَا كَانَ يَدًا بِيَدٍ
"Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made on the spot. If these classes differ, sell as you wish if payment is made on the spot.”
@@muzakkirrahim4927 I work in banks for 10 years, and another 10 years in banking system development. I understand banking system well.
Create more money in circulation by the government is not riba, its not haram. It is the responsibility of the government to ensure money in circulation is sufficient for the economy. You don’t understand what riba is.
Hadith narrated by ‘Ubadah bin al-Somit R.A that Prophet Muhammad PBUH said: الذَّهَبُ بِالذَّهَبِ وَالْفِضَّةُ بِالْفِضَّةِ وَالْبُرُّ بِالْبُرِّ وَالشَّعِيرُ بِالشَّعِيرِ وَالتَّمْرُ بِالتَّمْرِ وَالْملح بالملح مثلا بِمثل سَوَاء بسَواءٍ يَدًا بِيَدٍ فَإِذَا اخْتَلَفَتْ هَذِهِ الْأَصْنَافُ فَبِيعُوا كَيْفَ شِئْتُمْ إِذَا كَانَ يَدًا بِيَدٍ
"Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made on the spot. If these classes differ, sell as you wish if payment is made on the spot.”
Fractional reserve is keeping a fraction of deposits as reserve. In Malaysia, for MYR100 deposits, MYR98 can be given out as financing while MYR2 is kept as reserve. That’s why it is called fractional reserve system. Referring to the companion Zubayr al Awwam, he is allowed to practice no reserve at all. How can fractional reserve haram when no reserve is allowed?
Besides, reserving all your money without spending and circulating to the economy is haram. Refer to At Taubah 34-35. Please do more and in depth research about it
Best podcast interview of a true jihadist .. war against Riba.
Would be great if there was a video explaining the difference of putting our money in wahed invest instead of an Islamic bank…
This man's words is a bit spicy. But i like it. People nowadays close their eyes and pretending nothing happens when we talk about interest
Best idea coming from ks. Thank you kj and sh
This is a big paradigm shift..
this topic always at the back of my mind..afraid to take loan to buy house,,,because already fall into trap of riba in personal loan...huhuhu
Such a very great episode.
Visionary
It's already a problem,then Islamic Banking comes to shariahlize this issue, later onwards I believe it is being swayed in greed. It is oxymoron because we just tricked it. Junaid already made it clear with this matter, even I believe some of us already notice this..
Tq KS. “Riba’ is super haram from Junaid. This statement is echoing in my ear…😢”
Proud investor in Wahed
Hope to get a piece from your listing. Great j!had vision for the ummah.
On the topic of unit of measurement it’s really simple.. one has intrinsic value and it is finite in supply.. the other is worst than toilet paper and is subjected to human intervention senseless printing..
Salam Junaid, is Wahed planning to help investors to evaluate individual stocks as shariah compliant or otherwise? Or better, is Wahed planning to take on the likes of IBKR as a platform for us to own assets in stocks and ETFs? Great discussion! More like this please KS team!
Islam is the only way of life 🤲🏻
What a superb episode! So much to learn and unpack! Thank you so much!
Do they offer risk sharing product?
Wow. MashaAllah. This is my first time listening about Wahed. I am interested in it as well now. May Allah keeps guiding him n us
I have question on the property, that 80% would be considered investment. and Wahed would later realised the profit at a new valuation of the property?
I'll put my money with Waheed even without returns.
Do we have Malaysians Startup/companies that doing what hes doing ti eradicate riba in our finance system ??
Btw Thank you sir for your clarification about this topic and really open my eyes to leave Riba system that we lived today 😭😭
Assalamualaikum KJ & Shahril. I would like to suggest if possible you guys bring in Andrew Tate as a guest to discuss about his revert stories and how he can be the influence to the world for a better world societies in his own view. Thank you and thank you for your very good job in Keluar Sekejap & Kindred Stories!
Please do not, he is not a good example of a revert, he is still not making an actual progress towards Islam. Moreover, he is under investigation for human trafficking, and he does not feel guilty of his behavior towards women, he manipulated them to make money from online sex work, and he bragged about it to the point he made a class and a university to teach other men about that.Also his so called university is actually a group of wealthy men who do not disclose the source of their income, they claim it comes from investment but they do not specify it, his senior group member is a staunch Zionist who brags about degrading women and using them for sex work which he does and have a delusional mentality of being a messiah under threat. A former employee of him went on an investigative documentary against him and said he is only a Muslim because he wants the support and protection of the Muslim community and he is not truly a Muslim. In his interviews he keeps talking about the lifestyle of Muslims and the benefits of it without referring to the Belief in Allah and the practice of Islam. He always brags about the attention he gets from Muslim preachers who are in good intentions are trying to bring reverts to the path of Islam, but they are actually being used by him. There are more faithful reverts who have been positive influence to the world and the Ummah.
Wahed ftw