Majlis & Markets
Welcome to Majlis & Markets, the podcast showcasing the Global Islamic Economy through storytelling and insightful conversations. 🌐💬
Join us as we explore the intersection of culture, capital and commerce. We sit down with industry leaders, founders and investors to break down the trends shaping Islamic finance and global markets.
What we explore:
- Islamic Finance: The ethics, products and strategies driving the sector.
- Global Markets: Financial and macro trends across the Middle East and beyond.
- Venture Capital: The future of funding, innovation and Shariah-compliant start-ups.
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Majlis & Markets
🎙️ Episode 80: Why Islamic Finance Is Losing Its Purpose
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Islamic finance is now a multi-trillion-dollar global industry. But has it drifted away from what it was originally designed to achieve?
In Episode 80 of Majlis & Markets, Hassan Jivraj is joined by Harris Irfan, CEO and Co-founder of Cordoba Capital Markets, to examine why Islamic finance struggles to reform and why meaningful change remains so difficult. The conversation questions whether blind support for an established industry has created unhealthy, asymmetric financial relationships, and whether a more ethical, partnership-based alternative can realistically emerge.
We discuss the purpose and limits of Islamic finance standards, the role of regulation and enforceability, and why investors may increasingly seek alternative financial models that better align with ethical investment principles. The episode also explores Bitcoin, crypto, digital currencies, and whether the future of finance will move towards healthier economic relationships for borrowers, lenders, and society more broadly.
This is a conversation about markets, incentives, and systems, not outrage. It asks whether Islamic finance can still deliver on its promise, or whether new models will ultimately replace it.
Topics covered
- The current state of Islamic finance
- Why reform has stalled
- Partnership-based finance vs asymmetric relationships
- Ethical investment and economic health
- AAOIFI standards and enforceability
- Bitcoin, crypto, and alternative finance
- The future of Islamic finance in the UK
Guest
Harris Irfan
CEO and Co-Founder, Cordoba Capital Markets
🌐 https://ccmkts.com/
🐦 https://x.com/harris_irfan
Related episodes
🎙️ Halal or Hype? Demystifying Islamic Finance (Episode 7)
https://majlisandmarkets.buzzsprout.com/1907033/episodes/14625977-episode-7-halal-or-hype-demystifying-islamic-finance
🎙️ Setting the Standard: AAOIFI’s Impact on Islamic Finance (Episode 49)
https://majlisandmarkets.buzzsprout.com/1907033/episodes/16355515-episode-49-setting-the-standard-aaoifi-s-impact-on-islamic-finance
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