The document discusses contrasts between Western capitalism and Islamic finance. It notes that Western capitalism focuses on maximizing profits without consideration for societal costs, while Islamic finance aims to maximize societal contribution. It also discusses how the worldviews behind each system differ, with Western views emphasizing individual freedom and life having no consequences after death, while Islamic views see humans as accountable to God and life as a trust. The document criticizes the negative impacts of the current global economic system and suggests alternatives are needed that are more ethical and sustainable.

1. Responsible Wealth
Creation
Because we will be called to account

2. The World as we know it
Knowledge is protection
2

3. The single, most powerful change to
transform the world is to move from
the world is responsible for me to,
I'm responsible for the world.

4. Western ‘Free Market’
Capitalism & Islamic Finance
A study in contrasts

5. Freedom
 I am free to do whatever I
want
 If you do whatever you want
and this interferes with what I
want, then what you want is
illegal, immoral, oppressive,
terrorism etc.
 A free market is where I am
free to trade on my terms
 You are free to do whatever I
want
 If I do whatever I want and it
infringes on what you want then
what I want is progress,
freedom, human dignity,
lifestyle choice, etc.
 A free market is where you are
free to trade on my terms
5

6. World view
West
 Man = King
 Freedom = Do whatever you
can get away with
 Life = Is yours to do with as
you please
 Accountable to nobody
 When you die its over
Islam
 Man = Khalifa
 Freedom = Do only what Allah
has permitted
 Life = A trust to be led according
to Allah’s law
 Accountable to Allah
 When you die it starts
Because we will be called to account for our actions 6

7. Business Orientation
West
 Maximize profits
 Cost is what happens to me alone
 Manipulation is when someone
does it to me, not when I do it
 Happiness is however I choose to
define it – others don’t count
 Others don’t matter
 What is legal is not necessarily
moral or ethical
Islam
 Maximize contribution
 Cost is what happens to society
first, then what happens to me
 Manipulation is Haraam
 Happiness is defined by Allah for
the benefit of all of us
 Others matter more than I do
 Legal, moral & ethical all mean the
same thing
7

8. Economy
Old New
 MNCs with Western owners
acquired raw material and markets
through use of direct force
 Parent nations supported with
their armies
 India was ruled for a century by
one MNC – East India Company
 They called it colonialism
 MNCs with Western owners
acquire raw material and markets
through use of indirect force –
World Bank, IMF, UNO, local
puppets
 Parent nations support with their
armies
 They call it democracy
Same difference – So what’s new?
8

9. Solution
 When capitalists realize that in this connected world, what is bad
for others can’t be good for them
 When they realize that those who have, are responsible for those
who don’t have
 When they realize that we are free to choose but every choice
has a price tag
 When they realize that one day they will answer to their Creator
Until then prepare for the next meltdown 9

10. Ask
 Why would you give billions to the very people who
proved how good they were at sinking trillions just a
minute ago?
 Why would you give billions to people who you should
rightfully have sent to jail?
 Why would you continue to lie to the man on the street
whose past was spent in your servitude, whose present
is destitute and whose future you have stolen?
10

11. Four Horsemen
Nature of the system
https://www.youtube.com/watch?v=5fbvquHSPJU

12. A world of contrasts
That speaks to us in the language of
signs – readable only by those who can
see.
“There's none so blind as those who will not listen.”
― Neil Gaiman, American Gods
12

13.  3 billion live on less than $2.5 per day.
 Tonight more than 1 billion children will go to bed hungry.
 22,000 children die everyday due to poverty
 On this planet 805 million people do not have enough
food to eat.
 More than 750 million of them lack adequate access to
clean drinking water.
Basic Necessities
What is a basic necessity? 13

14. 14
This affects us directly and indirectly

15. Source : Planning Commission Report, 2008
15
Set up vocational training in every school

16.  In 1998, the UN estimated that it would take $40 billion
annually to offer basic education, clean water and
sanitation, reproductive health, and basic health and
nutrition to every person in every developing country.
 That would be about $58 billion today.
What will it take?
Compared to $ 1.406 Trillion on weapons16

17.  The World Food Programme says, “The poor are hungry
and their hunger traps them in poverty.”
 Hunger is the #1 cause of death in the world, killing more
than HIV/AIDS, malaria, and tuberculosis combined.
Hunger kills
Believe it or not
17

18. Graduation Level
Muslims : 3.6%
12th Plan Target : 25% (All India)
National Commission for Religious and Linguistic Minorities
Justice Ranganath Mishra (2004)

19. http://www.thehindu.com/news/national/other-states/rude-surprise-for-up-farmers/article7130982.ece 19
OVER 30,000 FARMERS COMMITTED SUICIDE FROM 2011-13

20. Happiness doesn’t
cause suicide –
despair does
20

21.  WWF’s (Worldwide Fund for Nature) Living Planet
Report – 2014, the number of wild animals in the
world has been halved during the last 40 years!
Our Dying Planet?
And that’s only the ones we counted
21

22. Source: http://www.bbc.com/news/business-35339475 22

23. 23

24. As on 2015 women are paid 20% less than men for the same work
24

25. So what does it all
MEAN for you an
investor??

26. Wealth is not a matter of life
and death. It is a matter far
more important than life and
death – because it determines
what happens after death.
26

27. If you want to be successful you
must respect one rule:
Never lie to yourself.
~ Paulo Coelho

28. Questions on the Day of
Judgment
 The two feet of the son of Adam will not move from near
his Rabb on the Day of Judgement until he is asked about
five (matters):
 About his life - how he spent it;
 About his youth - how he took care of it;
 About his wealth - how he earned it; and where he spent it;
 And about that which he acted upon from the knowledge he
acquired." [at-Tirmidhi, As-Silsilah as-Sahihah #946]
28

29. Narrated An-Nu'man bin Bashir : Rasoolullah said That
which is lawful is plain and that which is unlawful is plain and
between the two of them are doubtful matters about which
not many people know.
Thus he who avoids doubtful matters clears himself in regard
to his religion and his honor, but he who falls into doubtful
matters falls into that which is unlawful, like the shepherd who
grazes (his flock) around the sanctuary, all but grazing therein.
Truly every king has a sanctuary, and truly Allah's sanctuary is
His prohibitions.
Truly in the body there is a morsel of flesh which, if diseased, all
of it is diseased. Truly it is the heart. (Bukhari, Muslim).
29

30. Taqwa is to avoid
the doubtful.

31. Allah‫’ﷻ‬s promises for Muttaqoon
َّ‫ن‬ِ‫إ‬َ‫ق‬َّ‫ـ‬‫ت‬‫ا‬ َ‫ين‬ِ‫ذ‬َّ‫ل‬‫ا‬ َ‫ع‬َ‫م‬ َ‫ـه‬َّ‫ل‬‫ال‬‫م‬ُ‫ه‬ َ‫ين‬ِ‫ذ‬َّ‫ل‬‫ا‬َّ‫و‬ ‫ا‬‫و‬ِ‫س‬ْ‫ح‬‫ُّم‬َ‫ن‬‫و‬ُ‫ُن‬
Nahl 16: 128. Truly, Allah is with those who have Taqwa and
those who are Muhsinun (do Ihsaan)
31

32. Factor Allah‫ﷻ‬ into the
equation as He is in it
anyway.

33. Biggest cancer
Riba (Interest)

34. ُ‫وم‬ُ‫ق‬َ‫ـ‬‫ي‬ َ‫ال‬ ‫ا‬َ‫ب‬ِ‫الر‬ َ‫ن‬‫و‬ُ‫ل‬ُ‫ك‬ْ‫أ‬َ‫ي‬ َ‫ين‬ِ‫ذ‬َّ‫ل‬‫ا‬ِ‫ذ‬َّ‫ل‬‫ا‬ ُ‫وم‬ُ‫ق‬َ‫ـ‬‫ي‬ ‫ا‬َ‫م‬َ‫ك‬َّ‫ال‬ِ‫إ‬ َ‫ن‬‫و‬‫ي‬
َ‫م‬ْ‫ل‬‫ا‬ َ‫ن‬ِ‫م‬ ُ‫ن‬‫ا‬َ‫ط‬ْ‫َّي‬‫الش‬ ُ‫ه‬ُ‫ط‬َّ‫ب‬َ‫خ‬َ‫ت‬َ‫ـ‬‫ي‬‫و‬ُ‫ل‬‫ا‬َ‫ق‬ ْ‫م‬ُ‫ه‬َّ‫ـ‬‫ن‬َ‫أ‬ِ‫ب‬ َ‫ك‬ِ‫ل‬َ‫ذ‬ ِ‫س‬‫ا‬ََّ‫َّن‬ِ‫إ‬ ْ‫ا‬
‫ا‬َ‫ب‬ِ‫الر‬ ُ‫ل‬ْ‫ث‬ِ‫م‬ ُ‫ع‬ْ‫ي‬َ‫ـ‬‫ب‬ْ‫ل‬‫ا‬ُ‫الل‬ َّ‫ل‬َ‫َح‬‫أ‬َ‫و‬َ‫ب‬ِ‫الر‬ َ‫م‬َّ‫ر‬َ‫ح‬َ‫و‬ َ‫ع‬ْ‫ي‬َ‫ـ‬‫ب‬ْ‫ل‬‫ا‬‫ا‬ُ‫اءه‬َ‫ج‬ ‫ن‬َ‫م‬َ‫ف‬
َ‫ـ‬‫ف‬ َ‫ى‬َ‫ه‬َ‫ـ‬‫ت‬‫ان‬َ‫ف‬ ِ‫ه‬ِ‫ب‬َّ‫ر‬ ‫ن‬ِ‫م‬ ٌ‫ة‬َ‫ظ‬ِ‫ع‬ْ‫و‬َ‫م‬ِ‫إ‬ ُ‫ه‬ُ‫ر‬ْ‫َم‬‫أ‬َ‫و‬ َ‫ف‬َ‫ل‬َ‫س‬ ‫ا‬َ‫م‬ ُ‫ه‬َ‫ل‬ِ‫الل‬ َ‫َل‬
َّ‫ُن‬‫ل‬‫ا‬ ُ‫اب‬َ‫ح‬ْ‫َص‬‫أ‬ َ‫ك‬ِ‫ـئ‬َ‫ل‬ْ‫و‬ُ‫أ‬َ‫ف‬ َ‫اد‬َ‫ع‬ ْ‫ن‬َ‫م‬َ‫و‬‫و‬ُ‫و‬ِ‫ال‬َ‫ا‬ ‫ا‬َ‫يه‬ِ‫ف‬ ْ‫م‬ُ‫ه‬ ِ‫ر‬‫ا‬َ‫ن‬
34

35. Interest is Haraam
 Baqara 2: 275. Those who eat Riba (interest) will not stand (on the
Day of Resurrection) except like the standing of a person beaten
by Shaytaan leading him to insanity. That is because they say:
"Trading is only like Riba (interest)" whereas Allah has permitted
trading and forbidden Riba (interest).
 So whosoever receives the warning from his Rabb and stops
eating Riba (interest) shall not be punished for the past; his case is
for Allah (to judge); but whoever returns [to Riba (interest)] such
are the dwellers of the Fire - they will remain therein forever.
35

36. ُ‫ـ‬‫ي‬َ‫و‬ ‫ا‬َ‫ب‬ِ‫ر‬ْ‫ل‬‫ا‬ ُ‫الل‬ ُ‫ق‬َ‫ح‬َْ‫َي‬ِ‫ات‬َ‫ق‬َ‫و‬َّ‫الص‬ ِ‫ِب‬ْ‫ر‬ُ‫الل‬َ‫و‬
ٍ‫ر‬‫ا‬َّ‫ف‬َ‫ك‬َّ‫ل‬ُ‫ك‬ ‫ح‬‫ب‬ُِ‫ُي‬ َ‫ال‬َ‫أ‬ٍ‫م‬‫ي‬ِ‫ِث‬
 2: 276. Allah will destroy Riba (interest) and will give
increase for Sadaqat (deeds of charity) And Allah does
not like the disbelievers, sinners.
36

37. ُ‫ل‬ِ‫م‬َ‫ع‬َ‫و‬ ْ‫ا‬‫و‬ُ‫ُن‬َ‫آم‬ َ‫ين‬ِ‫ذ‬َّ‫ل‬‫ا‬ َّ‫ن‬ِ‫إ‬َ‫ق‬َ‫أ‬َ‫و‬ ِ‫ات‬َ
ِ‫اِل‬َّ‫الص‬ ْ‫ا‬‫و‬ْ‫ا‬‫و‬ُ‫ام‬
َُ‫ل‬ َ‫ة‬‫ا‬َ‫ك‬َّ‫الز‬ ْ‫ا‬ُ‫و‬َ‫ـ‬‫ت‬‫آ‬َ‫و‬ َ‫ة‬َ‫ال‬َّ‫الص‬َ‫ُنو‬ِ‫ع‬ ْ‫م‬ُ‫ه‬ُ‫ر‬ْ‫َج‬‫أ‬ ْ‫م‬َ‫ال‬َ‫و‬ ْ‫م‬ِِ‫ّب‬َ‫ر‬
َْ‫ُي‬ ْ‫م‬ُ‫ه‬ َ‫ال‬َ‫و‬ ْ‫م‬ِ‫ه‬ْ‫ي‬َ‫ل‬َ‫ع‬ ٌ‫ف‬ْ‫و‬َ‫ا‬َ‫ن‬‫و‬ُ‫ن‬َ‫ز‬
 2: 277. Truly those who believe, and do righteous deeds and
establish As-Salat (Iqamat-as-Salat) and give Zakat, they will
have their reward with their Rabb. On them shall be no fear,
nor shall they grieve.
37

38. ْ‫ا‬‫و‬ُ‫ُن‬َ‫آم‬ َ‫ين‬ِ‫ذ‬َّ‫ل‬‫ا‬ ‫ا‬َ‫ه‬‫ح‬‫ـ‬‫ي‬َ‫أ‬ ‫ا‬َ‫ي‬َ‫و‬ َ‫الل‬ ْ‫ا‬‫و‬ُ‫ق‬َّ‫ـ‬‫ت‬‫ا‬‫ا‬َ‫م‬ ْ‫ا‬‫و‬ُ‫ر‬َ‫ذ‬
‫ا‬َ‫ب‬ِ‫الر‬ َ‫ن‬ِ‫م‬ َ‫ي‬ِ‫ق‬َ‫ب‬‫ُن‬ُ‫ك‬‫ن‬ِ‫إ‬َ‫ي‬ِ‫ُن‬ِ‫م‬ْ‫ؤ‬‫ح‬‫م‬ ‫م‬ُ‫ت‬
 2: 278. O you who believe! Be afraid of Allah and give up
what remains (due to you) from Riba (interest) if you are
(really) believers.
38

39. ْ‫ا‬‫و‬ُ‫ل‬َ‫ع‬ْ‫ف‬َ‫ـ‬‫ت‬ َّْ‫َّل‬ ‫ن‬ِ‫إ‬َ‫ف‬‫و‬ُ‫ن‬َ‫ذ‬ْ‫أ‬َ‫ف‬َ‫و‬ ِ‫الل‬ َ‫ن‬ِ‫م‬ ٍ‫ب‬ْ‫ر‬َ
ِ‫ِب‬ ْ‫ا‬ِ‫ه‬ِ‫ل‬‫و‬ُ‫س‬َ‫ر‬
َ‫أ‬ ُ‫وس‬ُ‫ؤ‬ُ‫ر‬ ْ‫م‬ُ‫ك‬َ‫ل‬َ‫ـ‬‫ف‬ ْ‫م‬ُ‫ت‬ْ‫ب‬ُ‫ـ‬‫ت‬ ‫ن‬ِ‫إ‬َ‫و‬ُ‫م‬ِ‫ل‬ْ‫ظ‬َ‫ت‬ َ‫ال‬ ْ‫م‬ُ‫ك‬ِ‫ال‬َ‫و‬ْ‫م‬َ‫ن‬‫و‬
َ‫ال‬َ‫و‬َ‫ن‬‫و‬ُ‫م‬َ‫ل‬ْ‫ظ‬ُ‫ت‬
 2: 279. And if you do not do it, then take a notice of war from Allah
and His Messenger but if you repent, you shall have your capital
sums. Don’t deal unjustly (asking more than your capital) and you
shall not be dealt with unjustly (receiving less than your capital).
39

40. ٌ‫ة‬َ‫ر‬ِ‫ظ‬َ‫ُن‬َ‫ـ‬‫ف‬ ٍ‫ة‬َ‫ر‬ْ‫س‬ُ‫ع‬ ‫و‬ُ‫ذ‬ َ‫ن‬‫ا‬َ‫ك‬‫ن‬ِ‫إ‬َ‫و‬‫َن‬‫أ‬َ‫و‬ ٍ‫ة‬َ‫ر‬َ‫س‬ْ‫ي‬َ‫م‬ َ‫َل‬ِ‫إ‬
ُ‫ك‬‫ن‬ِ‫إ‬ ْ‫م‬ُ‫ك‬َّ‫ل‬ ٌ‫ر‬ْ‫ـ‬‫ي‬َ‫ا‬ ْ‫ا‬‫و‬ُ‫ق‬َّ‫و‬َ‫ص‬َ‫ت‬ْ‫م‬ُ‫ُنت‬َ‫ن‬‫و‬ُ‫م‬َ‫ل‬ْ‫ع‬َ‫ـ‬‫ت‬
 2: 280. And if the debtor is in a hard time (has no money),
then grant him time till it is easy for him to repay, but if you
remit it by way of charity, that is better for you if you knew.
40

41. Mixture is Haraam
Mixing Halaal with Haraam makes
everything Haraam

42. Understand Rizq
Rizq - Obtained or Ordained?
https://www.youtube.com/watch?v=UEEEvsI9x
wg&list=PLF4F40985DF196E10

43. You are what you eat
 Eat Halaal – it is your responsibility to check
 Zabiha means hand slaughtered
 Halaal certificate doesn’t absolve you from responsibility
 All secret formulae are Haraam
43
Imagine if we said ‘Allergy’ instead of Haraam

44. Fatwa or Taqwa
Fatwa or Taqwa - Earn & Eat Halaal
https://www.youtube.com/watch?v=umRepsFXleg

45. What it means is….
 Financial literacy is literacy
 It is neither difficult nor complicated
 Logic works – there is no magic in finance
 Distinguish greed from desire
 Short cuts lead only to the conman’s bank
 Read, read, read – Ignorance is ugly, not cute
45
If it looks too good to be true, it is

46. What you need to do is…
 Take your family on board
 Make an annual budget and break it down monthly
 Instill financial discipline – note down all expenditure
 Look for investment opportunities – play safe
 Take the long view – don’t collect junk
 Shun brand slavery – reclaim your dignity
46
Invest in the Aakhira

47. Discounts are for
dummies. If you wouldn’t
buy it at full price you
don’t need it.
47

48. What to do?
 Make sure the business is Halaal – Follow rules
 Don’t make an enemy of Allah‫ﷻ‬ & Rasoolullah
 Make money work for you instead of working for money
 Understand risk taking and mitigation
 Use your intelligence – play safe
48
Higher the return, higher the risk
The rule doesn’t change for you

49. Earning
 Look for leverage opportunities in investment
 Look for ways in which your earning can indirectly
benefit others (funding entrepreneurship)
 Use scenario projection and planning
 Don’t be a sucker – one is born every minute
49
Successful conmen are highly credible

50. Being ‘rich’ is to have
more options
Not more possessions.
50

52. www.yawarbaig.com