Muslim Money Talk

From Sunnamusk to an airline to a chicken shop. How does one entrepreneur end up in three completely different industries — and why is he now selling his chicken shop after five years?

In this episode of Muslim Money Talk, Areeb Siddiqui sits down with Kazi Shafiqur Rahman, co-founder and former CEO of Sunnamusk, founder of Firnas Airways and Buddies London, to uncover the extraordinary journey from building a household fragrance brand to launching an ambitious airline venture that ultimately failed, and rebuilding through fried chicken.

From costly business lessons and the realities of entrepreneurship to Muslim fast-food culture, faith, family and the problems with Islamic finance — this is a conversation about ambition, failure, money and knowing when to move on.

📲 Download Kestrl — Your Muslim Money App:

https://app.kestrl.io

Connect with our guest:

Kazi Shafiqur Rahman — Co-founder of Sunnamusk, Founder of Firnas Airways & Buddies London

LinkedIn: https://www.linkedin.com/in/kazimsrahman/

Personal website: https://kazirahman.co.uk/

Buddies London — Perfect Fried Chicken, The East London Way

Website: https://buddieslondon.com/

Sunnamusk: https://sunnamusk.com/

⏱️ TIMESTAMPS

00:00 – From Sunnamusk to an Airline to a Chicken Shop

03:01 – Why Kazi Opened a Chicken Shop After His Airline Failed

06:16 – From Bangladesh to Britain: The Chicken Shop That Started It All

09:10 – Time Compression: Why Kazi Is Racing Against Time

10:10 – Why He's Selling Buddies After Five Years

11:08 – The Collapse of Firnas Airways & Accusations of Fraud

14:41 – What's the Point of Making Millions?

16:45 – The Costly Mistakes Behind Buddies London

19:17 – Do Other Chicken Shops See Buddies as a Threat?

22:03 – Are Muslims Too Obsessed with Fast Food?

28:00 – If Buddies Is So Good, Why Is He Selling?

29:23 – Is the Chicken Shop Actually Making Money?

31:31 – The Problem with Buddies' Location

34:09 – The Numbers Behind Running a Chicken Shop

37:46 – The P&L That Exposed Problems with the Menu

38:20 – What Makes Buddies Different from Every Other Chicken Shop?

41:07 – Selling the Restaurant, Keeping the Brand

43:54 – How Much Is the Chicken Shop Really Worth?

46:13 – Why Chicken Shops Could Be Bigger Than Fragrance

48:28 – The Dream: Building 100 Buddies Locations

49:36 – What Would Kazi's Father Think of His Success?

54:28 – Muslim Money Hot Take: Is Islamic Finance Really Sharing Risk?

57:30 – Why Muslim Businesses Need Better Financial Solutions

#sunnamusk #kazirahman #buddieslondon #firnasairways #muslimmoneytalk #kestrl #muslimbusiness #muslimentrepreneur #entrepreneurship #businesslessons #businessfailure #smallbusiness #chickenshop #islamicfinance #halalbusiness #ukbusiness #financialliteracy

What does the UK Budget 2026 actually mean for Muslims? In this episode of Muslim Money Talk, Areeb Siddiqui sits down with chartered tax adviser Ruzwan Boota from I Will Solicitors to break down rising taxes, frozen thresholds, pension inheritance changes, Islamic wills and why property investing might not be as profitable as you think.📲 **Download Kestrl — Your Muslim Money App:** https://app.kestrl.io?type=referral&code=49FVQ**Connect with our guest:**Ruzwan Boota — Chartered Tax Adviser & Tax Director at I Will Solicitors LinkedIn: https://www.linkedin.com/in/ruzwan-boota-cta/I Will Solicitors — Islamic Wills, Tax Planning & Estate Planning LinkedIn: https://www.linkedin.com/company/i-will-solicitors/⏱️ **TIMESTAMPS**00:00 – Coming Up: UK Budget 2026 01:29 – UK Budget 2026: What Does It Mean for Muslims? 04:41 – Britain's £3 Trillion Debt Problem 09:15 – The Property Tax Trap: Limited Companies & HMRC 12:58 – Cash ISAs: What's Changed? 14:27 – Why Muslims Are Missing Out on Pensions 21:35 – New Inheritance Tax Rules & Islamic Wills 25:01 – Founders' Relief: Should Business Owners Leave the UK? 30:10 – Real Client Stories: How the Budget Changes Decisions 38:52 – Can AI Replace Your Tax Adviser? 41:23 – Pension Beneficiaries: What Your Will Doesn't Cover 45:43 – Will Higher Taxes Affect Your Payslip? 48:50 – Economic Uncertainty: How Should Muslims Prepare? 53:15 – Muslim Money Hot Take: Property Is Overrated 58:30 – The Seerah, Music & Investing in Yourself#budget2026 #ukbudget #islamicfinance #uktax #personalfinance #financialliteracy #ukeconomy #islamicfinancialplanning #HalalInvesting #halalmoney #halalwealth #islamicwealth #muslimwealth #shariacompliant #islamiceconomics #muslims #ukmuslims #muslimcommunity #muslimbusiness #muslimpodcast #islamicpodcast #faithandfinance #propertyinvestment #propertymarket #propertyinvesting #ukproperty #housingmarket #houseprices #realestateinvesting #pensions #inheritancetax #islamicinheritance #estateplanning #retirementplanning #capitalgainstax #taxplanning #hmrc #taxchanges #wealthbuilding #generationalwealth #costofliving

Should charities spend money on influencers and advertising? What really went wrong at Muslim Aid? Former CEO Kashif Shabir joins Areeb Siddiqui to discuss the biggest questions facing Muslim charities, from donor trust and Zakat to banking restrictions and making donations create lasting change.## 📱 DOWNLOAD KESTRLKestrl helps Muslims spend, save and grow their money without compromising their values. Get the watermelon-themed debit card, earn Sharia-compliant rewards and screen companies against your ethical beliefs.Download Kestrl: https://kestrl.io/## ABOUT OUR GUESTKashif Shabir is the former CEO of Muslim Aid, one of the UK's oldest Muslim charities, where he led the organisation through significant governance reforms and regulatory scrutiny.With over 20 years of experience in technology, charities and philanthropy, Kashif has worked with Oxfam and the British Red Cross and helped establish the National Zakat Foundation.Today, he is the founder of Ethical Consultancy Group, advising charities, family offices and wealthy donors on strategic giving. He also advises UNHCR on Islamic philanthropy, helping organisations deliver greater and more sustainable impact.Kashif Shabir – LinkedIn: https://uk.linkedin.com/in/kshabirEthical Consultancy Group – Website: https://ethicalltd.com/## TIMESTAMPS00:00 – Episode Highlights & Kestrl Sponsor01:48 – Introduction: Can We Trust the Charity Sector?03:03 – Kashif's Journey From Technology to Charity05:17 – Working in Silicon Valley and at Nokia08:49 – How Muslim Countries Handle Zakat Differently11:11 – What Really Went Wrong at Muslim Aid?12:45 – How Years of Governance Problems Led to an Inquiry13:49 – Challenging the Charity Commission16:46 – What Muslim Aid Got Wrong and How It Changed19:03 – The Changing World of Charity Fundraising21:01 – Why Emergency Aid Alone Cannot Solve Poverty23:14 – Why Charities Need Advocacy and Political Change25:06 – Are Muslim Charities Too Focused on Emergencies?26:19 – How Emotional Appeals Attract Donations27:09 – Where Can Charities Actually Spend Your Money?27:48 – Gift Aid Explained: How Charities Get Tax Relief30:04 – Why Charities Struggle to Fund Their Operations32:38 – Can Waqf Make Muslim Charities Self-Sufficient?37:21 – Could a National Waqf Fund Transform Muslim Charities?38:10 – Why Wealthy Donors Can Change the Charity Sector40:08 – Kashif's Vision for a Decentralised Bayt al-Mal41:32 – Funding Palestine: Humanitarian Aid vs Long-Term Change44:59 – Funding Investigations, Advocacy and Accountability47:26 – AI Charity Appeals, Social Media and Influencers49:24 – Should Charities Pay Influencers?50:57 – Why Transparency Matters More Than Fundraising Costs54:12 – Should Charities Change How They Advertise?56:54 – Should Non-Faith Charities Collect Zakat?58:56 – Why Zakat and Sadaqah Must Be Treated Differently59:51 – How Global Aid Cuts Are Affecting Millions1:07:00 – Why UN Agencies Are Seeking Muslim Donations1:11:20 – Who Should Be Responsible for Collecting Zakat?1:14:32 – Why Muslim Charities Face Greater Scrutiny1:17:42 – Islamophobia, Governance and Charity Accountability1:21:05 – Why Do Banks Reject Muslim Charities?1:23:17 – Why Banking Muslim Charities Is So Difficult1:26:10 – Do We Need a Dedicated Charity Bank?1:29:42 – Kashif's Legacy: Changing How Muslims Give#muslim #aid #palestine #charities #CharityCommission #charityfundraising #CharityDonations #zakat #sadaqah #waqfboard #islamicfinance #IslamicPhilanthropy #CharityInfluencers #CharityAdvertising #ethicalfinance #britishmuslims #philanthropy #CharityGovernance #charity

Can Zakat actually help save Britain? Dr Sohail Hanif, Oxford-trained Islamic scholar and CEO of the National Zakat Foundation, joins Areeb Siddiqui to challenge how Muslims understand Zakat, expose the hidden poverty crisis facing British Muslims, and explain why rebuilding local communities could be the answer to Britain's failing welfare system.📱 DOWNLOAD KESTRLKestrl helps Muslims spend, save and grow their money without compromising their values.Get the watermelon-themed debit card, earn Sharia-compliant rewards and screen companies against your ethical beliefs.Download Kestrl: https://kestrl.io/ABOUT OUR GUESTDr Sohail Hanif is the CEO of the National Zakat Foundation (NZF), which helps distribute Zakat to Muslims in need across the UK while building stronger, more resilient local communities.Dr Sohail Hanif – LinkedIn:https://uk.linkedin.com/in/sohail-hanif-nzf2021National Zakat Foundation:https://nzf.org.uk/NZF Instagram:https://www.instagram.com/nationalzakatfoundation/NZF LinkedIn:https://www.linkedin.com/company/national-zakat-foundation/NZF's Vision for Zakat in Britain:https://nzf.org.uk/zakat-vision-uk/TIMESTAMPS00:00 – Episode Highlights01:02 – Download Kestrl01:28 – Introduction to Dr Sohail Hanif02:29 – From Engineering to Islamic Scholarship07:05 – How Illness Changed His Life11:01 – Zakat: Worship, Taxation and Community12:28 – What Are Muslims Getting Wrong About Zakat?17:17 – Should Muslims Become Politically Organised?21:01 – What Malaysia Gets Right About Zakat24:31 – Can Zakat Save Britain's Welfare System?30:14 – Why Have We Lost Community Responsibility?36:00 – How Can Faith Communities Rebuild Britain?41:18 – Should Zakat Only Benefit Muslims?44:08 – Zakat Explained and Britain's Hidden Poverty47:41 – How NZF Distributes Zakat Across Britain50:07 – The Shocking Reality of Muslim Poverty54:16 – Hidden Homelessness in the Muslim Community56:21 – How a Barking Mosque Transformed Its Community58:49 – Is Community Welfare a Form of Conversion?1:02:54 – Can This Model Work Across Britain?1:04:26 – What Is the True Mission of the Ummah?1:12:11 – Should Zakat Stay Local or Go Abroad?1:18:13 – Does Zakat Create Dependency? Measuring Real Impact1:23:40 – Closing Remarks1:24:23 – Download Kestrl and OutroFrom asylum seekers sharing shoes to working families struggling to afford basic necessities, this conversation explores the realities of poverty in Britain, the role of Islamic institutions, and how Zakat could become more than an individual act of giving.#MuslimMoneyTalk #Kestrl #zakat #NationalZakatFoundation #SohailHanif #islamicfinance #MuslimMoney #islamicbanking #halalfinance #britishmuslims #ukmuslims #poverty #islamiceconomics #shariah #muslimcommunity #uk #charity #welfarestate #islamicscholarship #communitybuilding

We went on TV to talk about a pretty simple problem: millions of Muslims want an alternative to conventional banking, but very few are actually using the Islamic options that exist today. Areeb joined Fintech.TV to explain why — and what Kestrl is building to change it. 📱 DOWNLOAD KESTRLKestrl helps Muslims spend, save and grow their money without compromising their values.Get the watermelon-themed debit card, access Sharia-compliant financial products, earn Sharia-compliant rewards and use ethical screening tools designed around your values.Download Kestrl: https://kestrl.io/Timestamps00:00 – Why Kestrl Went on TV00:17 – The “Revolut for the Muslim World”00:32 – Building a “Monzo for Muslims”01:45 – The Fintech.TV Interview Begins01:56 – What Is Kestrl?02:40 – What’s Wrong With Existing Islamic Banks?03:04 – 96% Want an Alternative, Only 3% Use One03:41 – How Kestrl Is Trying to Fix the Problem04:31 – Why Kestrl Partnered With Maybank05:28 – Why Muslims Are Skeptical of Islamic Finance06:03 – Building Trust Through the Community06:58 – Funding and Kestrl’s Expansion Plans07:35 – What’s Next: Savings, Investments, Pensions & Insurance08:19 – Is the West Catching Up With Islamic Fintech?09:04 – End of the Interview09:20 – Download Kestrl & Outro The interview covers Kestrl’s Maybank partnership, grassroots growth strategy, expansion beyond the UK and future Sharia-compliant products including savings, investments, pensions and insurance. #Kestrl #islamicfinance #islamicbanking #muslimfinance #halalfinance #islamicfintech #fintech #MuslimMoney #shariafinance #FintechTV #maybank #muslimbusiness #ukmuslims #halalinvesting #MuslimMoneyTalk

Can the taxman get more than your children inherit? What happens if you die without a will? Islamic wills solicitor Haroon Rashid answers the questions families often put off for too long.📱 DOWNLOAD KESTRLKestrl helps Muslims spend, save and grow their money without compromising their values. Get the watermelon-themed debit card, earn Sharia-compliant rewards, and screen your spending and investments.Download the app:https://kestrl.io/In this episode, Haroon shares the family disputes he has seen firsthand, including a widow’s three-year fight for her inheritance. He and Areeb also discuss trusts, guardianship, charity and waqf.Timestamps00:00 – Teaser: Cats, Inheritance and Tax 00:46 – Sponsor: Kestrl, the Muslim Money App01:18 – Why Muslim Families Need to Protect Their Wealth05:55 – What Makes a Will Islamic?07:03 – The Two Cats Set to Receive £350,00008:39 – Why So Few Muslims Have Wills11:21 – What Happens If You Die Without a Will?14:25 – Why Sons Receive Double Their Daughters’ Share17:57 – Two Brothers Divided by Their Father’s Estate21:06 – “Allah’s Will or Your Will?”25:13 – The Woman Who Chose to Give Her Abusive Husband a Share27:02 – Can the Taxman Get More Than Your Children?29:17 – Using Trusts to Protect an Inheritance33:33 – Writing His Own Father’s Will38:24 – The £16 Million Estate and Homemade Will40:23 – Why Choosing the Right Trustee Matters42:28 – Who Would Look After Your Children?45:24 – Water Wells, Charity and Waqf48:09 – How to Start Making an Islamic Will51:31 – Haroon’s Final Advice for Families56:23 – Can Leaving a Third to Charity Hurt Your Heirs?57:35 – The First Podcast Injury—and Haroon Jokes About Suing58:22 – A Widow’s Three-Year Fight for Her Inheritance1:00:03 – Who Should Inherit a Family Business?1:01:40 – The House That Keeps Giving to Charity1:03:26 – Outro#islamicinheritance #inheritancetax #haroonrashid #muslimfinance #islamicfinance #halalfinance #waqfboard #sadaqahjariyah #inheritanceinislam #muslimfamilies #ukmuslims #Kestrl

Is modern interest really the same as riba? Do women actually inherit less than men in Islam? Does the famous mortgage fatwa still apply today? What do you truly own when you buy shares? And could AI ever replace a qualified Mufti?Mufti Faraz cuts through the slogans and explores the principles, context and uncomfortable details behind the rulings Muslims often repeat without questioning.🎓 LEARN ISLAMIC FINANCE WITH MUFTI FARAZ ADAMThe first cohort is limited to 50 people.Register your interest:https://funny-begin-011030--replace-component-footer-riicyelk7.framer.app/learn

Timestamps

00:00 – Teaser: Inheritance, Riba, Mortgages and Political Zakat
01:04 – Sponsor: Kestrl – The Muslim Money App
01:36 – AI, Islam and the Biggest Questions in Islamic Finance
02:16 – Welcome to Muslim Money Talk
03:03 – Introducing Mufti Faraz Adam
06:55 – Is AI Good or Bad for Islam?
09:18 – Can AI Make Islamic Knowledge More Accessible?
11:31 – Did Muslims Really Ban the Printing Press?
14:40 – Does the Muslim World Need Its Own AI Models?
18:03 – When AI Gets Islamic Home Finance Wrong
20:05 – Could AI Ever Replace a Scholar?
27:03 – We Ask ChatGPT if It Can Become a Mufti
29:05 – Why an AI-Generated Fatwa Is Not a Fatwa
32:31 – The Biggest Islamic Finance Questions from Muslims
33:02 – Is Modern Interest the Same as Quranic Riba?
34:19 – The Three Forms of Riba in Pre-Islamic Arabia
36:55 – Why Islam Prohibits Earning Money Through Time
41:22 – Why the Arguments for Interest Sound Convincing
44:20 – Islamic Mortgages and the “Two Contracts” Criticism
45:58 – Is a Small Amount of Interest Still Riba?
50:43 – Idealism vs Pragmatism in Islamic Finance
57:13 – Do Women Really Inherit Less Than Men?
59:10 – The Cases Where Women Inherit More Than Men
01:05:25 – Could a Fully Sharia-Compliant Economy Ever Exist?
01:08:00 – Can Zakat Be Used for Political Campaigning?
01:16:50 – Who Actually Qualifies to Receive Zakat?
01:20:10 – Are Halal Stock-Screening Rules Arbitrary?
01:21:02 – What Do You Actually Own When Buying Shares?
01:23:06 – Where the 5%, 30% and 33% Rules Came From
01:28:20 – Should Halal Stock-Screening Rules Change?
01:29:16 – Is the Famous Mortgage Fatwa Now Outdated?
01:34:32 – Introducing the Kestrl Learn Islamic Finance Course
01:36:51 – The Future of Kestrl and Islamic Finance
01:39:09 – What the UK Can Learn from Islamic-Finance Unicorns
01:41:09 – Web3, Crypto and the Future of Muslim Money
01:43:33 – Final Message: Muslims Must Build Systems
01:45:06 – Outro

📱 THIS EPISODE IS BROUGHT TO YOU BY KESTRLKestrl is the Muslim money app helping you spend, save and grow your wealth without compromising your values.Order your watermelon-themed debit card, earn Sharia-compliant rewards and screen your spending against the causes that matter to you.Download Kestrl on the App Store or Google Play:https://kestrl.io/In this episode:• Is interest actually riba?• Why Islamic rulings require more than simple definitions• Whether women really receive less inheritance• The mortgage fatwa Muslims are still using decades later• What shareholders truly own when buying stocks• Whether halal-investing thresholds need to change• Why AI-generated answers cannot replace qualified scholarship• The future of Islamic finance educationTimestamps coming soon.#IslamicFinance #Riba #HalalInvesting #MuslimMoneyTalk #MuftiFarazAdam #HalalFinance #IslamicBanking #MuslimFinance #IslamAndMoney #InterestInIslam #HalalMortgage #IslamicMortgage #InheritanceInIslam #IslamicInheritance #WomenInIslam #MuslimInvesting #StocksInIslam #ShariahCompliant #ShariahFinance #EthicalInvesting #AIFatwa #AIAndIslam #IslamicScholar #Fatwa #PersonalFinance #Zakat #Waqf #Takaful #MuslimPodcast #Kestrl

In this episode of Muslim Money Talk, Areeb Siddiqui sits down with Moulana Tahir Talati (Islamic scholar, finance professional, and co-founder of National Waqf) to explore one of the most powerful yet forgotten concepts in Islamic finance: the Waqf (charitable endowment).📱 This episode is brought to you by Kestrl — the app helping Muslims spend, save, and grow their wealth without compromise. Order your watermelon-themed debit card, earn Sharia-compliant rewards, and screen your spending against your values. Download on the App Store or Google Play. https://kestrl.io/Timestamps00:00 – Teaser: Why Do Mosques with Millions Still Fundraise for Bills?01:20 – Sponsor: Kestrl – The Muslim Money App01:56 – Welcome & Introducing Molana Taher Talati03:14 – Molana Taher’s Journey: Combining Traditional Alimiyyah & Finance04:59 – The Problem with Modern Charity & How National Waqf Was Born07:34 – What is a Waqf? Linguistic & Legal Definition09:14 – Asset-Based vs. Usufruct Waqf: How Endowments Actually Work10:40 – Moving from One-Off Donations to Sustainable, Perpetual Giving13:08 – The Prophetic Vision: Hadith of Umar (RA) & Historical Origins16:00 – The Waqf of the Sahabah & The 1,400-Year Legacy of the Well of Uthman (RA)19:18 – Ibn Battuta’s Travels: The Peak of Waqf & Creative Endowments24:50 – How Colonial Powers Systematically Dismantled Waqf in Algeria & India30:30 – The Attack on Family Waqfs & The Loss of Community Independence33:38 – Modern Endowments: How the West Took the Waqf Model37:15 – Did Oxford, Cambridge & Western Trusts Originate from Waqf?40:05 – Inside the National Waqf Model: 50/50 Growth & Grant Reinvestment45:49 – The 6 Priority Areas for Empowering UK Muslims49:32 – Housing, Student Finance & Muslim Financial Empowerment52:22 – Could the UK Government Adopt an Endowment-Style Sovereign Wealth Fund?57:30 – Shifting from First-Generation Survival to Strategic Community Institutions01:00:17 – The UK Waqf Summit & Integrating Islamic Fintech01:03:10 – The Mosque Dilemma: Helping Masajid Build Endowments01:08:40 – Q&A: Property Strategy & Risk-Averse Shariah Investments01:10:12 – Family Waqfs & The Private Endowment (100% Donation Policy)01:14:11 – The Power of Pooled Investments & Overcoming Duplication01:20:23 – Social Investments: How Mosques Can Fund Each Other01:25:35 – Digital Banking for Charities & The Future of Kestrl01:28:28 – Outro & Final Thoughts#islamicfinance #waqfboard #halalinvestment #sadaqahjariyah #money #investment

What do three CEOs actually talk about when the cameras are off? We’re on a 586-mile road trip to Manchester to dive deep into the future of Halal finance, the reality of raising capital in the Ummah, and one legendary 3 AM marriage proposal.📱 This episode is brought to you by Kestrl — the app helping Muslims spend, save, and grow their wealth without compromise. Order your watermelon-themed debit card, earn Sharia-compliant rewards, and screen your spending against your values. Download on the App Store or Google Play. https://kestrl.io/Timestamps00:00 – Opening Hook: Balancing Pragmatism and Purity in Islamic Finance00:48 – Intro: The Road Trip to Manchester for the Muslim CEOs Collective01:48 – Kestrl Spotlight: Sharia-compliant rewards and the watermelon card03:35 – The 2026 Landscape: A new wave of Islamic Fintech boundaries04:33 – Deep Dive: Stride Up’s £250M Sukuk and capital market maturity06:20 – Medina Angels: Solving the "Access to Capital" pain point for founders09:05 – The Fundraising Reality: Why raising from the community can be a challenge11:15 – The Circular Economy: Unlocking £14B in idle Muslim wealth15:40 – Pitch Deck Analysis: What makes a standout startup for investors?18:40 – Why Medina Angels backed Kestrl: Innovation in Neo-banking20:18 – The Identity Shift: Beling and Islamophobia in the UK22:45 – Running away vs. Building: Our responsibility as entrepreneurs25:15 – Raising kids in the age of AI and racism26:45 – The "Bollywood" Story: Raza’s incredible 3 AM marriage proposal34:05 – Marriage Advice: 20 years of wisdom and the "Pious Pillar"36:55 – The Startup Spouse: Managing shaky pillars in your life37:50 – Corporate vs. Entrepreneurship: The early opportunity cost39:50 – Pit Stop: Omar Khalil joins to discuss Retail Market trends44:10 – The Ambassadors of Ethics: Lessons from the markets of Medina45:15 – Outro: Mukbang and closing thoughtsKestrl App Links:Download Kestrl (iOS & Android): https://kestrl.io/downloadKestrl Website: https://kestrl.io/Social Media Handles:Instagram: https://www.instagram.com/kestrl.io/LinkedIn: https://www.linkedin.com/company/kestrl/TikTok: https://www.tiktok.com/@kestrl.ioGuest Information (from this episode):Abdul-Haseeb Basett (Muslim CEOs Collective): https://www.linkedin.com/in/abdulhaseebbasett/Raza (Fithar): https://www.linkedin.com/in/raza-khan-fithar/Medina Angels: https://medinaangels.com/#islamicfinance #muslimentrepreneurs #Kestrl #halalinvesting #startuplife

This episode is brought to you by Kestrl - the app helping Muslims to spend, store and grow their wealth without compromise!📲 Download today on App Store and Google Play here: https://kestrl.io/get-the-appShould Muslims be all in on Bitcoin — or are we taking it too far? In this episode of Muslim Money Talk, host Areeb Siddiqui is back in Riyadh with Morrad Irsane, co-founder & CEO of Takadao, to unpack how Web3 is being used to reinvent Islamic insurance, and to have a frank, animated debate about Bitcoin, crypto and where Muslims should really be putting their money.⏱️ TIMESTAMPS0:00 Trailer & Intro1:48 Back in Riyadh — and why Makkah is becoming a startup city3:38 What is Takadao? Decentralised Islamic insurance explained5:03 How the LifeDAO family protection fund actually works6:17 Donator and receiver: bringing Takaful back to its purest model8:02 Why every Western "halal" insurer ends up compromising9:58 Killing the conflict of interest: how a DAO removes the middleman11:17 Deny, delay, defend — how traditional insurers avoid paying out12:54 Who controls the money? Voting rights and nine elected members15:08 Why Takadao takes 25% — and what the Takaful standards actually allow17:47 Do you get your money back? Surplus, sadaqah and double reward21:04 The real gap: what happens to a family after the janazah23:56 Stablecoins, USDC and the no-bank crypto card27:56 How halal yield is generated: liquidity provisioning explained32:04 Is this just FX trading? The Sharia distinction that matters34:19 The Bitcoin debate: is it money, digital gold, or neither?38:34 "You don't own Bitcoin" — ETFs, Binance, Revolut and real ownership41:37 Why Bitcoin maximalism is a cult — and why there's no maxi in Islam50:02 If not Bitcoin, then what? Smart contracts and reviving Mudaraba1:00:18 Are Muslims ready for web3? Regulators, remittances and the no-bank vision1:06:48 Where to find Takadao1:07:29 Outro💚 If Muslim Money Talk has given you value, please hit SUBSCRIBE, ring the bell, and drop us a comment — it genuinely helps us grow.⚠️ This episode discusses cryptocurrency, insurance and investing for educational purposes only and is not financial advice. Always do your own research and consult a qualified professional before making financial decisions.#IslamicFinance #Bitcoin #HalalCrypto #Takaful #IslamicInsurance #Web3 #Muslims #Crypto #MuslimMoneyTalk #Kestrl #Takadao #DeFi