DebtFreeMuslims Podcast

About Joe Bradford:

Joe is traditionally and academically trained in the Islamic sciences. He holds a graduate degree in Islamic law from the University of Medina. He likes steak, star gazing, corny about pages, and long walks in the park. He has way too many kids. He currently works in finance and is an adviser to institutions and private individuals.

In this episode we discuss:

• The obligation of paying Zakat
• What every Muslim should know about the minimum requirements of paying Zakat
• What is a Nisab?
• Zakat & Debt (house, student loans, etc)
• Paying Zakat on gold
• Paying Zakat on investments (401k, Roth IRA, etc)

Connect with Joe Bradford:

• Website: JoeBradford.net
• Twitter: https://twitter.com/joebradfordnet
• Facebook: https://www.facebook.com/Bradford.Joe

Further resources:

• 20 Questions on Zakat
• Essential Information on Zakat

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Debt Free Muslim Podcast Episode 16

This episode is brought to you by MuslimMatters.org – Because Muslims matter.

About Mufti Menk:

Ismail Musa Menk was born in Harare, Zimbabwe. He was tutored by his father who is a well known scholar and Da’ee.

He completed his hifz and recitation courses at an early age and learnt the Arabic and Urdu languages whilst studying Shariah under his father. At the same time he attended an Academic College in Harare where he completed his secondary secular education. He then attained a degree in Shariah from the University of Madinah and later specialised in Iftaa at Darul Uloom Kantharia in Gujarat.

This episode covers:

-The race behind materialism is a never ending game of trying to play catch-up. 

-Not having the means to own something but still striving to get it only enters you into a dangerous cycle of incurring debt. 

-We are taught as Muslims to be happy with what Allah has blessed us with and be content with it.

-Tailor your life according to your budget. 

-Buying what you cannot afford will only be a constant burden on your shoulders and a distress of the mind.

-Be mindful of your salary and spend accordingly, not purchasing a car, house, furniture etc., that is out of your range. 

-Certainly, we should aim for the skies, but don’t pretend as if you are in the heavens when you’re not yet above the ground.

-When you constantly strive for materialistic gain, this disease can spread to other parts of your life as well.

-More money does not solve your problems. 

-Wealth does not spoil you. It gives you the opportunity to show others who you always were inside.

-Distinguish between the wants and needs and budget carefully.

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Connect With Mufti Menk:

Homepage: http://www.muftimenk.co.za/

Facebook:  https://www.facebook.com/muftimenk

Twitter: https://twitter.com/muftimenk

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

ITunes Link: http://bit.ly/dfmpodcast

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You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

Debt Free Muslim Podcast Episode 14

This episode is brought to you by MuslimMatters.org – Because Muslims matter.

We're excited to have Shaanaan Dawda as our guest today. An Atlanta Native, Shannaan Dawda was born at Grady Memorial Hospital in 1986. Although a proud Grady baby and Southerner, his parents moved from Accra, Ghana to Georgia in the spring of 1982 to experience a different way of life. Growing up in a household that valued education, hard work and perseverance, Shannaan graduated from Georgia Southern University 2009 Cum Laude with degrees in Accounting and Finance. From there, he began working for the U.S. Army Corps of Engineers in Savannah, GA before moving back to Atlanta in 2012 to work for Frazier and Deeter CPA Firm. He officially passed all parts of his Certified Public Accountant (CPA) exam in February of 2013 and soon afterwards founded True Financial LLC. True Financial was founded in order to empower people to regain financial control of their lives by providing the necessary coaching and tools to help them become financially self-sufficient. In September of 2013 Shannaan was trained by Dave Ramsey to be an even better financial coach. Shannaan is actively involved in the community through organizations such as Alpha Phi Alpha, Atlanta Muslim Young Professionals, and Camp Horizon. He currently resides in Atlanta.

This episode covers:

- How he got started with True Financial

- Joy of getting yourself out of debt and now helping other people

- What is your advice on getting people out of debt?

- Why do budgets get a bad name?

- Importance of small wins in finances

- The many challenges facing Muslims and debt

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Connect With True Financial:

Facebook - https://www.facebook.com/pages/True-Financial

Twitter - https://twitter.com/True_Financial

Homepage - http://truefinancialcoaches.com/

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

ITunes Link: http://bit.ly/dfmpodcast

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Android (RSS): http://bit.ly/dfmpodcastrss

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

Debt Free Muslim Podcast Episode 13

This episode is brought to you by MuslimMatters.org – Because Muslims matter.

We're excited to have Rachel Cruze as our guest. She is the co-author (along with her dad, Dave Ramsey) of the #1 New York Times bestseller - Smart Money Smart Kids.

Buy the book - http://amzn.to/1kj5uRf

This episode covers:

-Giving your kids a strong foundation.

-How to be a good steward of wealth.

-Deceptiveness of debt.

-Student loans

-Scholarships

-Entitlement mentality - particularly with education.

-Humility and gratitude

-Jealousy, contentment, and the impact of Social Media.

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Connect With Rachel Cruze:

Facebook - https://www.facebook.com/rachelramseycruze

Twitter - https://twitter.com/rachelcruze

Instagram - http://instagram.com/rachelcruze

Smart Money Smart Kids Book - https://www.smartmoneysmartkids.com/

Homepage: http://www.rachelcruze.com/

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

ITunes Link: http://bit.ly/dfmpodcast

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Android (RSS): http://bit.ly/dfmpodcastrss

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

This episode is brought to you by Muslim Matters - because Muslims matter.

In this episode, we discuss the Smart Conference that was hosted by Dave Ramsey and his team on March 29th in Dallas, TX.

References in this podcast:

Hadith on inheritance: http://sunnah.com/urn/1270250

Hadith about kissing children: http://sunnah.com/muslim/43/86\

Hadith on upper hand and lower hand: http://sunnah.com/tirmidhi/36/40

Books:

Smart Money Smart Kids: http://amzn.to/1s90XBc

Total Money Makeover: http://amzn.to/1dtX9cE

Love and Respect: http://amzn.to/1l5ayYY

Strong Fathers Strong Daughters: http://amzn.to/1l5aFUn

Strong Mothers Strong Sons: http://amzn.to/1kRc8Mk

Why Omar hates Rich Dad Poor Dad:

http://www.johntreed.com/Kiyosaki.html

http://www.thesimpledollar.com/deconstructing-robert-kiyosaki/

http://www.thesimpledollar.com/review-rich-dad-poor-dad/

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

iTunes Link: http://bit.ly/dfmpodcast

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Purchase Android App from Amazon app store: http://bit.ly/debtfreemuslimsandroid

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

This episode is brought to you by Muslim Matters - because Muslims matter.

Who is Monem Salam?

Monem Salam, Director at Saturna Capital Corporation, President and Fund Manager of Saturna Sdn Bhd was born in Pakistan in 1972. Raised in Texas, Mr. Salam received his degrees from the University of Texas: BA (Austin) and MBA (Dallas). He worked as Chief Investment Officer for ITG & Associates (Dallas) until 1999, then as a representative with Morgan Stanley (Dallas) until joining Saturna Capital Corporation in June 2003. He served as Director of Islamic Investing and deputy portfolio manager to the Amana Mutual Funds Trust until moving to Kuala Lumpur in 2012 to oversee Saturna's Malaysian subsidiary. Mr. Salam speaks at Islamic finance/investment conferences worldwide, is co-author of "A Muslim's Guide to Investing and Personal Finance," contributes articles to leading Islamic finance magazines, and has authored a chapter on Islamic Investing in "Contemporary Islamic Finance." In 2008, he was named one of Institutional Investor Magazine's 20 Rising Stars of Mutual Funds.

In this episode, we discuss:

• How to get into a habit of saving money
• Advice about savings from the Qur'an and Hadith
• The different types of savings accounts for retirement (401k, traditional IRA, Roth IRA, Mutual Funds, etc)
• What makes a savings/investment account sharia-compliant
• Why is it important to invest in a permissible manner?
• Investing and saving while having debt
• How to teach your kids to save money
• Advice on how to live a riba-free life

Links

• Saturna
• Khutbah on Financial Stewardship
• References to savings in the Qur'an: 18:82, 12:46-49

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

iTunes Link: http://bit.ly/dfmpodcast

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Purchase Android App from Amazon app store: http://bit.ly/debtfreemuslimsandroid

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

Debt Free Muslims Episode 10

Sponsored by MuslimMatters.org

Entrepreneurship with Shomail Malik.

In this episode we cover:

-Shomail's journey from probably med school to entrepreneurship

-Importance of good work ethic

-Having mentors and role models

-Importance of good time management to develop side income

-Getting started with your own business

Resources:

http://shomailmalik.com

http://strategicrealtyllc.com

http://restuniversity.com

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

iTunes Link: http://bit.ly/dfmpodcast

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Purchase Android App from Amazon app store: http://bit.ly/debtfreemuslimsandroid

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

Ayesha Ahmad is currently a student at George Mason University in Fairfax, VA and will be graduating this Summer. She is also the founder of Simply Scrumptious by Ayesha.

In this episode we discuss:

• How she graduated Debt-Free and her main motivation for doing so
• What challenges she faced
• Advice for high school students now on how to graduate without taking any student loans
• Whether working throughout college enhanced her resume or not
• How to take advantage of scholarships and AP courses

If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

iTunes Link: http://bit.ly/dfmpodcast

Stitcher Radio: http://bit.ly/dfmstitcher

Android (RSS): http://bit.ly/dfmpodcastrss

Purchase Android App from Amazon app store: http://bit.ly/debtfreemuslimsandroid

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

Debt Free Muslim Podcast Episode 8

This episode is brought to you by MuslimMatters.org – Because Muslims matter.

Jerry Hionis holds a PhD from Temple University located in Philadelphia, PA. His primary research is in conflict theory with an emphasis on civil conflicts and Warlord-like competition. Other research interests include game theory, economic development, Islamic economic theory and history, political theory and African economics. He is also a professor at Temple University.

In this podcast we discuss:

• How Dr. Jerry Hionis got into his field of Economics
• How does Economics affect us individually?
• Information on Islamic microeconomics
• The differences between economics and personal finance
• Economics of Warlords and conflicts
• The history economics of interest and usury in Judeo-Christian and Islam
• The types of riba/usury
• The history of Islamic economics

Links in the podcast:

• Jerry Hionis
• Past and Current Academic Research by Jerry Hionis
• Twitter
• Facebook

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

ITunes Link: http://bit.ly/dfmpodcast

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Purchase Android App from Amazon app store: http://bit.ly/debtfreemuslimsandroid

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/

 Debt Free Muslim Podcast Episode 7

This episode is brought to you by MuslimMatters.org – Because Muslims matter.

Shaykh DeLorenzo is a member of the Sharia board for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). He is considered a leading authority on Islamic finance in the United States. He has translated over twenty books from Arabic, Persian, and Urdu for publication, including a three-volume Compendium of Legal Rulings on the Operations of Islamic Banks. Shaykh DeLorenzo has also been a pioneer in internet education with a course entitled "Principles of Islamic Investing." He is a member of Shari’ah boards of several Islamic financial institutions in the United States and abroad, including Dow Jones Islamic Markets and Guidance Financial Group. Shaykh DeLorenzo has served as secretary of the Fiqh Council of North America and was also an advisor on Islamic education to the government of Pakistan. Following a university education in the United States, Shaykh DeLorenzo studied the classical Shari’ah Sciences with scholars in Pakistan.

In this podcast we discuss:

• How Shaykh Yusuf got involved in the Islamic finance field. 
• Challenges faced in providing shari'ah compliant home financing
• What's the next step for Islamic home financing in the US, and the need for more competition. 
• Benefits of Islamic home financing over conventional financing (Islamic institutions don't go after your assets in cases of deficiency)
• Islamic finance companies will be transparent when the people begin to demand it
• Shaykh Yusuf's thoughts on student loans. 
• What's needed for us to have a viable student loans solution. 
• The importance of home ownership in the US
• The importance of setting financial goals for yourself. 

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Shaykh Nomaan Baig 

Institute of Knowledge: http://instituteofknowledge.com/

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If you enjoyed this podcast, please take a minute to share with a friend and RATE and SUBSCRIBE in iTunes.

ITunes Link: http://bit.ly/dfmpodcast

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Purchase Android App from Amazon app store: http://bit.ly/debtfreemuslimsandroid

You can also visit our website and sign up for the email list to be notified of new episodes, articles, and get our FREE ebook – A Practical Guide to Debt and Personal Finance for Muslims: http://debtfreemuslims.com/get-our-free-ebook/