Podcast Episode 11: Saving and Investing Principles

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



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Adam Taufique

Adam Taufique is a founding member of Qur'an Weekly and Debt Free Muslims. He is a regular khateeb in his community and has served in Masjids from being a weekend school teacher to youth coordinator. You can follow him on Google+ or on Twitter @adamtaufique.


  1. adil
    May 8, 2014

    Thank you for posting these interviews, so helpful.
    Keep up this great work

  2. Sana
    May 10, 2014

    I really liked this episode, i found it credible, clear, relevant and motivational. Keep the good guests coming along with your questions. Also i’d love it if there was a talk on where Muslims should invest their money …

    • May 20, 2014

      Where to invest is a little tricky (we can’t make blanket recommendations) – you would need to meet with a financial planner for specifics

  3. adil
    May 14, 2014

    Is there any way i can download this on google chrome?
    jazakallahu khayran

  4. adil
    May 15, 2014

    is there any way i can download this using google chrome
    jazakallahu khayran

  5. June 3, 2014

    Just thought I would mention that the link in your profile to Quran Weekly is broken. jazakAllah for the info. Great stuff


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