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Debt Free Muslims Podcast – Interview With Shaykh Yusuf Delorenzo on Islamic Finance in the West

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Debt Free Muslim Podcast Episode 7

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This episode is brought to you by MuslimMatters.org – Because Muslims matter.

Shaykh DeLorenzo is a member of the Sharia board for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). He is considered a leading authority on Islamic finance in the United States. He has translated over twenty books from Arabic, Persian, and Urdu for publication, including a three-volume Compendium of Legal Rulings on the Operations of Islamic Banks. Shaykh DeLorenzo has also been a pioneer in internet education with a course entitled “Principles of Islamic Investing.” He is a member of Shari’ah boards of several Islamic financial institutions in the United States and abroad, including Dow Jones Islamic Markets and Guidance Financial Group. Shaykh DeLorenzo has served as secretary of the Fiqh Council of North America and was also an advisor on Islamic education to the government of Pakistan. Following a university education in the United States, Shaykh DeLorenzo studied the classical Shari’ah Sciences with scholars in Pakistan.

In this podcast we discuss:

  • How Shaykh Yusuf got involved in the Islamic finance field.
  • Challenges faced in providing shari’ah compliant home financing
  • What’s the next step for Islamic home financing in the US, and the need for more competition.
  • Benefits of Islamic home financing over conventional financing (Islamic institutions don’t go after your assets in cases of deficiency)
  • Islamic finance companies will be transparent when the people begin to demand it
  • Shaykh Yusuf’s thoughts on student loans.
  • What’s needed for us to have a viable student loans solution.
  • The importance of home ownership in the US
  • The importance of setting financial goals for yourself.

Shaykh Nomaan Baig

Institute of Knowledge: http://instituteofknowledge.com/

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Keep supporting MuslimMatters for the sake of Allah

Alhamdulillah, we're at over 850 supporters. Help us get to 900 supporters this month. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

Omar Usman is a founding member of MuslimMatters and Qalam Institute. He teaches Islamic seminars across the US including Khateeb Workshop and Fiqh of Social Media. He has served in varying administrative capacities for multiple national and local Islamic organizations. You can follow his work at ibnabeeomar.com.

1 Comment

1 Comment

  1. Aftab

    April 17, 2018 at 4:31 PM

    The link of the book here is not working http://debtfreemuslims.com/get-our-free-ebook/ can you please send me the book to my email id i gave.

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