Podcast Episode 7: Shaykh Yusuf Delorenzo and Islamic Finance in the West


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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.

Shaykh Nomaan Baig

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


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Omar Usman

Omar Usman is a founding member of MuslimMatters, Qalam Institute, Muslim Strategic Initiative, and Debt Free Muslims. He is a regular khateeb and has served in different administrative capacities in various national and local Islamic organizations. You can follow him on Google+ or on Twitter @ibnabeeomar. Check out his latest project at Fiqh of Social Media.

One Comment

  1. April 9, 2014

    The audio is too low. You need to learn to use an sound editor to clean up the audio (raise the volume,eliminate the background noise). https://www.youtube.com/watch?v=likk4fbEblg&t=02m27s


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