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

By PodSystems

Ep. 5 · 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.

PodSystems 8.5k sats
Irsham 2.5k sats
Muslim Bitcoiner #BIP-110 2.1k sats
Don Dahir 1k sats
Somali Majlis 1k sats

bad grammar 500 sats

Episode Boosts

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

PodSystems 1,000 sats Feb 27, 2026

NEW EPISODE OUF NOW
PodSystems 6,500 sats Feb 24, 2026

BONUS: Listen to the full 38 minute interview with Safdar -> https://plebeian.market/products/product_1771704024105_xo3uq
Irsham 1,500 sats Feb 24, 2026

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 #BIP-110 2,100 sats Feb 23, 2026

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!!
bad grammar 500 sats Feb 23, 2026
Don Dahir 1,000 sats Feb 23, 2026

Great interview
Somali Majlis 1,000 sats Feb 21, 2026

Another fantastic episode.
Irsham 1,000 sats Feb 21, 2026

Its a big one this time. Make sure you don't miss it!!
PodSystems 1,000 sats Feb 20, 2026

NEW EPISODE OUT NOW