Most people let money call the shots. It should be the other way around.
Do you run your money? Or does your money run you?
Most people have a dysfunctional relationship with money. They try not to think about it because — let’s face it — it’s usually an uncomfortable topic. And they really only pay attention when there’s a major crisis (or purchase).
To make matters worse, there aren’t many places where Muslims can turn for help. There’s a lot of resources in the “mainstream” personal finance space. But the problem is, as a Muslim, there’s always a disconnect between what the experts say and what you believe.
Here’s the good news: there is a way to bring your financial life in line with your values as a Muslim. It begins by redefining your relationship with money and telling it who’s boss.
In this first episode of Rizqwise, you’ll discover:
- Why we decided to build a personal finance resource just for Muslims
- What role religion should play in defining your relationship with money
- Why most people underestimate the role money plays in their lives
- The problem with limiting the discussion to “avoiding interest”
- Why most people go through life on auto-pilot and live to regret it
- How to apply Prophetic advice that we’ve all heard to your finances
Listen here…
Excellent podcast addressing an oft- neglected aspect of money matters for muslims.
Thanks Hammad. Glad you found it useful!
Great start – looking forward to more!
Thanks Shoaib!
Great initiative! A very timely (and overdue) discussion that is needed in the Muslim community. Relevant, relatable and a joy to listen to.
Thanks Amr! We pray that it will be of benefit to people.
Salams- great podcast Masha’Allah. Are these not available to download via apple podcasts? Helps with listening in chunks and being notified of new uploads
Syed – thanks for the note. We’ll be on iTunes real soon insha’Allah. For now, it’s best to get on our email list so we can send you the latest episodes: http://eepurl.com/bkFCvD
Salam, first time caller, long time listener. I had a question. What is a fiscal?
Adnan, always great to hear from you. How are things in Michigan?
I am SO excited about this! Where can we submit questions?
Thanks Sudduf! You can drop your questions in this thread or send us an email at team@rizqwise.com (although I see you’ve already done that 🙂
The podcast is excellent in fulfilling a much needed vacuum in the Muslim community who have a lack of direction when it comes to financial matters.
Can I please get some religious, spiritual as well as a lot of fiqhi advice? Much appreciated. Thanks. I know you won’t let me down. Thanks again.
Imad, sure you can. You can come on the show as a guest and share some religious/spiritual/fiqhi advice with everyone 😉
I think this is a much needed resource or tool in our busy lives. Financial matters are important concepts at any age and this explains it eloquently and moreover its practical. Excited to see what you guys have in stock. Could you have something next on age specific spending and saving?
Thanks Zack! That’s a great idea, will add it to the list. Anything more specific you’d like advice on?
It’s great to see Muslims, through the abundance of moral and ethical principles given to us through revelation, contributing to the practical issues people deal with on a daily basis.
I also loved the chemistry and informality between Ahmad and Saeed. I felt like I was sitting with them listening in on their conversation. A fun and useful podcast! Many blessings for this much needed endeavor.
Jazakallah khayr Amjad! Appreciate your support and looking forward to hearing your feedback.
Fantastic — would definitely listen to future episodes!
I thought I knew everything there was to know about personal finance and managing money, but you guys really made it fun and interesting, as opposed to the usual boring nonsense!
Cant wait to hear more.
Anas, thanks for listening!
Great to have essential financial advice from two fellow Muslims, glad you guys took the intiative.
Excellent podcast – fun and informative!
Thanks Fahad!
Mash’Allah much needed by many done in a very accessible way. I recommend anyone caring about finances to listen to these recordings. Keep it up!
Thanks you Omar! Glad to see you tuned in.
Assalaamu alaykum,
Thanks for this resource! I appreciate your intent for us to not feel judged. I do feel a bit disadvantaged at having not learnt any of this from my parents. Perhaps due to them being immigrants or lack of communication. I feel at a disadvantage due to being a female. My mother not working and depending upon my father. Now I’m an adult and unmarried and instead of trying to manage my own finances constantly feel like getting married will solve my financial problems! So thank you for your resource. I wondered about you giving more examples of how our money is managing us and not the other way around. Could you elaborate more or give more examples of what that looks like practically and how we could change it with different scenarios? I’m new to the podcast and looking forward to more and from hearing back from you. Also, do you have advice or any suggestions for converts looking to get out of debt – when would you advise applying for zakat versus taking a loan from someone? I know it may be a scholarly question but just curious. Also, could you explain more about what you mean by the fact that the man who was a billionnaire drove an economical car because of the story he told himself. Do you mean in terms of his identity? This was great – I hadn’t thought about many of these topics like this.
Thanks again!
Asslamualykum Rizqwise,
Recently through your podcast my wife and I are on a journey to become debt free in the next 20 Months before I hit age 40. Afterthat need to save for retirement. I have a budgeting question in regards to running a balance and adding to income earned for the next month on the budget. Is that a good idea?
Assalamualaikum wr wb.
Lovely show, thanks for sharing. Very useful. I read about ‘looking at the numbers’ in a few courses I took, which really was a sort of terrifying wall to cross.
However, some mindset work and an awesome expense tracker later, and some Tony Robbins MMG and I found you guys too, so I am taking those little tiny kaizen steps you mention, and so very happy.
I love your show; you have put thought and effort into putting in important concepts in a very fun painless way; so glad I found you guys.
Anyway, starting from 1 and hoping to get to the good stuff (halal investing) soon.
Regards