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Riba Resistance

5. The Failure of Islamic Finance (with Safdar Alam)

By PodSystems

Aired Feb 20, 2026 · 40m · Last boosted Feb 27, 2026

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Show Notes

Halal labels can’t purify haram systems. Safdar Alam is the former Global Head of Islamic Structuring at JPMorgan and our guest for this fifth episode of Riba Resistance. We discuss how Islamic finance has failed to produce truly riba-free solutions and critique the superficial application of fiqh to deeply flawed financial models. Is Bitcoin a solution? Safdar doesn’t shy away from the uncomfortable truth: if the architecture is rotten, repainting the walls is not reform. Bitcoin isn’t just on the table — it may be the only exit. Check out Safdar’s website: https://safdaralam.com/ ...

Nostr Boost Stats

sats
16k
boosts
9
boosters
6

Nostr Community

Everyone who has boosted 5. The Failure of Islamic Finance (with Safdar Alam) on Nostr, ranked by sats sent, all time.

  1. PodSystems 8.5k sats
  2. Irsham 2.5k sats
  3. Muslim Bitcoiner 2.1k sats
  4. Don Dahir 1k sats
  5. Somali Majlis 1k sats
  1. bad grammar 500 sats
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Episode Boosts

Every boost sent to this episode, as published to Nostr, newest first.

  • PodSystems
    1,000 via Fountain
    NEW EPISODE OUF NOW
  • Irsham
    1,500 via Fountain
    When your boat has holes, you can put in bungs to try and stay afloat. But when someone gives you a brand new boat with no holes, drop the old boat and the bungs together with it. Old boat = Fiat System. Bungs = Islamic Finance System. New boat with no holes = Bitcoin. Hear from Br Safdar, an expert with vast experience in the field why the bungs are not working!!!
  • Muslim Bitcoiner
    2,100 via Fountain
    May Allah bless uncle Safdar. It doesn't even matter to me if he's a Bitcoiner or not, I just love the way he completely tears apart Islamic Banking and Finance. We need more folks in the Islamic finance space to be sounding the alarm like this!!
  • Don Dahir
    1,000 via Fountain
    Great interview
  • Somali Majlis
    1,000 via Fountain
    Another fantastic episode.
  • Irsham
    1,000 via Fountain
    Its a big one this time. Make sure you don't miss it!!
  • PodSystems
    1,000 via Fountain
    NEW EPISODE OUT NOW