Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Adil Profile picture
Adil
@Adil_IFI
Personal finance and investments for Muslims. Writer | Data Scientist Words: @MuslimMoneyExp @WahedInvest @IFguru @zoyafinance Views are my own.
May 4, 2023 • 9 tweets • 3 min read
In his podcast with @muslimmoneyexp, Mufti Menk @muftimenk outlines a powerful alternative to Riba (interest).

Linking loans to gold to ensure that the lender doesn't lose out due to inflation. Here's why that's a great idea. 🧵 👇 1/8 Image The current major problem with interest-free loans is that the original money loaned out loses value over time. Especially in high inflation environments such as Zimbabwe or Turkey. 📈 2/8
May 3, 2023 • 5 tweets • 3 min read
The Glazers' takeover of Manchester United is a prime example of the evils of interest (Riba) in modern finance.

Here's a short thread on how it damaged the club and why Sheikh Jassim must be the new owner. 1/5 #MUFC #GlazersOut #IslamicFinance Image The interest-based debt from the takeover saddled #MUFC with massive financial burdens.

To date ~ $1bn has been used for interest payments leading to reduced investment in the club and limited success on the pitch. This perfectly illustrates the negative impact of Riba. 📉2/5