EP 10: How Wahed Invest Hit $2 Billion: The Future of Halal Investing | Sh. Navaid Aziz

Description

Ever wondered how to grow your wealth while staying 100 percent true to your faith? Join us for an insightful conversation with Omar Suleiman, the Chief Risk Officer at Wahed, as we dive deep into the world of halal investing and the future of Islamic finance. From reaching multi-billion dollar milestones to launching innovative asset-backed spending accounts, this episode covers everything you need to know about navigating the modern financial landscape as a Muslim. In this episode, we explore the core mission of Wahed and how they are democratizing access to halal investment products globally. Umar breaks down the complex world of Sharia compliance, explaining the logic behind the AAOIFI standards, the 5 percent rule, and how purification works for your portfolio. We also discuss the vital role of the National Waqf in the UK and how perpetual endowments can create a sustainable future for the community beyond traditional zakat. Whether you are a seasoned investor or a young professional looking to enter the industry, Omar provides invaluable advice on building a career with ihsan and the importance of having strong spiritual anchors. We also touch on the challenges of regulation, the need for an overhaul of the debt-based system, and how technology is making it easier than ever to manage your money ethically. Chapters 0:00 Intro and Arsenal Banter 3:15 Meeting the Real Umar Suleiman 6:40 Dawah Missions and North Korea Jokes 9:10 The Mission of Wahed Invest 13:45 Reaching the 2 Billion Milestone 17:20 Real Estate and Direct Assets 21:10 Halal Investing in Canada 25:30 Tech-First Approach to Finance 29:50 Role of a Chief Risk Officer 34:15 Sharia Compliance and AAOIFI Standards 38:40 The 5 Percent Rule and Purification 43:15 New Product Reveal: Asset-Backed Spending 47:30 Understanding the KWIN ETF 51:00 What is a Waqf? 55:20 Strategic Charity and National Waqf UK 59:00 Challenges with Takaful and Insurance 1:02:20 Advice for Islamic Finance Professionals 1:05:45 Rapid Fire Questions and Final Thoughts If y