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The Secret Muslim Banker

@SecMuslimBanker

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Managing a $100m investment fund. Breaking down macroeconomics with Islamic finance. Sharing my journey and insights on creating a riba-free economy.

Subscribe to my newsletter:
https://t.co/NmYiuseVOB
Joined April 2023
Don't wanna be here? Send us removal request.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
7 months
It's been a while but here's a new article on sukuks. I learned a lot thanks to @SafdarAlam 's book and I wanted to share it with you all. The sukuk market, predicted to grow to more than $1trn this year, isn't so different from conventional bonds.
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Sukuks: Lifting the Veil

Sukuks, referred to as Islamic bonds, are a huge part of the global Islamic finance industry. Here I discuss the different types of sukuks and how they're not so different from conventional bonds.

www.secretmuslimbanker.com
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@nypost So much focus on adding years to his life that he’s removed all life from his years.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
@davidrkadler Liberté, egalité, israelité
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@benshapiro Who hurt you? Is it because you’re 5’5? Did a kid steal your kippah?
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
@AviMayer Lying is also tiring
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@Richie_l0c0 Every country is represented in the Olympics. And for each country, the best athletes are selected. This is reasoning 101.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
@davidrkadler Je suis Gaza
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@PapalSupremacy You spelt truth-seekers wrong
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Islamic banking is a paradox. What started in the 1970s as a transitory step has stalled in terms of innovation. We need to apply real Islamic principles if we want to build real Islamic financial institutions. Read more about it in my new post:
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The Islamic Banking Paradox

Dissecting commercial banking to understand Islamic banking. Modern Islamic banking relies on a business model that isn't entirely in line with Islamic principles.

www.secretmuslimbanker.com
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
There are many reasons Islam prohibits interest rates. One of them is to promote free markets. It incentivises efficient allocation of capital. Without interest, it forces capital to be invested in profit-seeking ventures. And not to sit idly in the safest bonds.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 month
@isabelunraveled Very similar to Napoleon Hill’s definition of an educated person: “An educated man is one who has so developed the faculties of his mind that he may acquire anything he wants, or its equivalent, without violating the rights of others.”
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@Farid_0v Wanted to give him a chance but this is just wrong. Looks like he’s completely missed the lessons of prophet Muhammad ﷺ.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
It went from “babies beheaded” to “children forced to say bismillah” real quick.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
The economic and finance principles in the Qur’an and Hadiths are so fair that it's hard to believe a human came up with them.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
@brucefenton Omg please tell me this is a joke 😅
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
7 months
@araratpetrosian You spelt Hagia Sophia mosque wrong.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
10 months
To my surprise, the US Halal ETF by Wahed outperformed the S&P by 20% since July 2019. The outperformance is greater during periods of higher interest rates which makes sense given HLAL will exclude highly indebted companies.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@IsmailKamdar There's nuance to this. In a truly Islamic economy, the participants (which make up the economy) prioritise worship and spirituality and are not consumed by materialism and wealth. Islam promotes a free-market but it is also the individual's role to keep a balanced life so to
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@stats_feed If hummus is israeli then sushi is from new york.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
If anyone wants to understand the stupidity of nationalism (especially within the Arab world), I recommend you read The Prize by Daniel Yergin. Countries were carved up solely for their resources. Take Iraq for example. The Brits took a man from Mecca that was revolting
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
A real Islamic bank is nothing like the bank of today. It'd be more akin to an asset manager or a private equity fund. Savers/depositors would decide their investment pools and investment horizon. Islamic bankers would be investors and asset allocators. This is what we need.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
New article out. I discuss the problem of economics and why schools teach a form of economics using poor assumptions. I discuss how Austrian economics is more in line with Islamic economics. Thanks to @saifedean for bringing Austrian eco to light!
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The Problem with Economics

I discuss how economics is taught using assumptions that aren’t always true. I dissect the different schools of thoughts and why certain brances of economics are favoured over others.

www.secretmuslimbanker.com
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
I’m afraid they will use this to take Al Aqsa. That has always been the goal.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@BheriaMS This was the best response:
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
4 months
Everyone cheering this need to understand the most important element of financial markets: liquidity. Even if they do agree to transact in a currency other than the US dollar, in what currency do you think Saudi will keep its cash reserves? There is no market more liquid than
@BRICSinfo
BRICS News
@BRICSinfo
4 months
🇸🇦 🇺🇸 Saudi Arabia's 50-year-old petrodollar agreement with the United States has expired, with no new agreement in place. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@BinhamidAli @jordanbpeterson We can see clearly now where his intentions were. It wasn’t for God and truth. In the end the dunya got the better of him. It’s sad given the potential he had.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
This video is all lies. It’s keeping you ignorant of what inflation is. They don’t even talk about the money supply. Instead, they blame people’s demand patterns and businesses’ ability to supply goods and services. Soon they’ll blame you for inflation.
@WalkerAmerica
Walker⚡️
@WalkerAmerica
1 year
The IMF produced a video explaining what “inflation” is & why “inflation” happens… But not even once did they mention the effect of *increasing the money supply.* I’ll paraphrase Mises & lay this out simply since the IMF has no interest in actually educating you: **if the
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
@HATzortzis @GoldingBF That first sentence is a bit too challenging for him I think.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Egypt warned Israel of an attack from Gaza a few days before the events. It wasn't a specific warning, so Israel dismissed it. It also makes little sense that Israel's intelligence missed this completely. It could be a set of compounding errors and oversight. But think about
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
Don’t get your news from this guy. This is not true. It’s a story from 2022. You would expect someone with this much of a following to check his sources. Not that I am fond of UAE’s position on this but let’s stick to facts.
@jacksonhinklle
Jackson Hinkle 🇺🇸
@jacksonhinklle
11 months
🇮🇱🇦🇪 8 UAE planes carrying MILITARY AID & EQUIPMENT for the ISRAELI army have landed at airports in Israel over the past few days. SHAME ON YOU! @MohamedBinZayed
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
1/4 UK primer minister wants to cap food prices. This is stupid and will lead to many more issues. You know who else was against controlling prices? No, not your favorite capitalist. The prophet Muhammad (peace be upon him) 👇
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
6 months
@Sorenthek Quantum resistant algorithms are already a thing and will be used to protect against quantum hacks. Nothing to worry about.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@AlphaLegion101 @IslamRFI Sadly, this is real
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Who am I? A senior manager of a private investment fund who is trying to transition out of conventional finance into Islamic finance. I want to share my story and educate everyone on what Islamic finance really is and how the current financial market is a ponzi.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Finally. I've decided to launch my newsletter. First article is out: my story and how I want to enter (real) Islamic finance. Second article should be out next week which explains why interest rates can be so damaging. I hope you enjoy it:
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Rethinking the Economy with Islamic Finance

Explore Islamic finance and economics through a personal lens. Unpack macroeconomics, understand Shariah-compliant and halal investing. Discover financial markets from a Muslim perspective. Subscribe...

www.secretmuslimbanker.com
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
There's a common theme amongst disapprovers of Bitcoin. They share an important characteristic. They don't completely understand money and our banking system.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
6 months
“Please sort your famine out. We are too busy looking for the next opportunities in AI. Stop starving and start coding.”
@clashreport
Clash Report
@clashreport
6 months
UAE-owned Sky News Arabia manager suggests "Arabs must choose between Gaza and Abu Dhabi" Nadim Koteich, the Lebanese-Emirati general manager of Sky News Arabia, said Arabs must choose sides between Gaza and Abu Dhabi. “A million Palestinians in Gaza are on the brink of famine.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
“I think that the new Europe is the Middle East. The next global renaissance will be in the ME.” - Saudi Crown Prince, MBS Some interesting stats about the ME: - 30% of world’s shipping containers pass through Egypt - 16% of world’s air cargo flies through the Gulf - 55% of
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
2 months
This is pretty insane. Debts are not a joke. Stay away from riba. The new student finance system for Muslim students in the UK is a step in the right direction but it is mostly based on commodity murabaha. It is not entirely different to regular student loans. The main solution
@Simon_P_Hannah
Reclaiming The Future
@Simon_P_Hannah
2 months
In 2021 I owed £61,586 on all my student loans. I am pleased to announce that 3 years later in 2024 I have managed to get that number down to... £61,757. Yes, after paying £300 out of my salary every month I now owe the @SLC_Repayment £200 more than I did 3 years ago.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
New article is out. I argue for a bottoms-up approach to make a real dent in the Islamic finance industry and propose real innovative solutions. I mention @harris_irfan 's PPN structure as a perfect example instead of relying on large institutions.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
What are you doing to help? It’s something I’m asking myself. Apart from donating, making du’a, I’m not doing more than that. Maybe I could do more. But one thing that everyone should do is inform themselves on the history of the situation. Words can sway the minds of many.
@HATzortzis
Hamza A. Tzortzis
@HATzortzis
1 year
@jordanbpeterson Please work hard on your conscience you apartheid apologist. Start by reading these: • 'The Ethnic Cleansing of Palestine' by Ilan Pappe • 'The Hundred Years’ War on Palestine' by Rashid Khalidi • 'The Israel Lobby and US
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Who wants to be The Cultural Muslim Tutor? There’s a lot of Islamic history to unveil that most of the western world is clueless about. Anyone who enjoys history and writing should seriously consider it.
@culturaltutor
The Cultural Tutor
@culturaltutor
1 year
Some facts about history that might surprise you: 1. Ancient people knew the earth was round. Over 2,000 years ago an astronomer called Eratosthenes even calculated its circumference to within 1% of the real figure... using a stick. 2. "Ancient Greece" was not a country. It was
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Want to know one-sided this whole conflict is? The CEO @paddycosgrave of Web Summit - a huge global annual tech conference - was forced to resign for posting this: "War crimes are war crimes even when committed by allies" Because of this humane statement, a bunch of large
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
“With the dollar, riba is baked in at the protocol level” Great short explanation on why the Islamic finance ecosystem should be using Bitcoin.
@saifedean
Saifedean Ammous
@saifedean
1 year
A clip from my recent compilation of some of the discussions taking place in seminars on the topic of Bitcoin and Islamic finance. Listen to the full episode here:
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@Michel_Zed_ @WallStreetSilv "France went there to stop razzias" - where did you learn history? Are you aware of what the French did in Algeria? "Algeria population grew considerably under French colonisation" - Algerians were treated as second class citizens, were pressed to dispose of their religion
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
Saudi Arabia raises $11 billion loan to fund government deficit. This is after oil revenues were lower than expected given lower supply + lower price. If we're heading into a recession, the deficit is only going to get worse as oil demand worsens. Expect more Saudi debt.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Our modern financial system pushes to have a high time preference. To favour the present over the future. This is in contrast to Islamic principles. We should favour the future over the present. You should act with long-term intentions. It's why we observe our daily rituals.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@IbnMaghrebi Real OG
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
@samdblond
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Want to know how bad our debt addiction is? Here's a fact for you from McKinsey: For every $1 of global investment made since 2000, $1.90 of debt has been added. From 2020-21, this was $3.40 of debt for each $1.00 in net investment. This was the fastest rate in 50 years🤯
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
7 months
Interesting chart showing who owns Bitcoins and to get a better idea of what the float is.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
1/5 It's time. It's time that Muslims who have the ability to create beneficial content to use their powers effectively. We cannot rely solely on secular content given it offers only half of our solutions (those of this dunya). This is why @AvdullahYousef 's magazine is needed.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
The irony is uncanny
@ZelenskyyUa
Volodymyr Zelenskyy / Володимир Зеленський
@ZelenskyyUa
1 year
Horrible news from Israel. My condolences go out to everyone who lost relatives or close ones in the terrorist attack. We have faith that order will be restored and terrorists will be defeated. Terror should have no place in the world, because it is always a crime, not just
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@Racha_R_G Where was this? I’d buy a bunch of these
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
6 months
This was beautiful to watch.
@MartyBent
Marty Bent
@MartyBent
6 months
The hypocrisy of the Western driven push toward “net-zero” getting absolutely torched.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
This Hadith is one of the main reasons why I can’t take any Muslim who advocates for communism or socialism seriously.
@Evollaqi
Evollaqi
@Evollaqi
5 years
On one reading, this is the most explicitly pro-market statement I've ever seen in any major religion's sacred texts. The forces of supply and demand are real and sacred, the coordination function of prices is inviolable, and one who leaves the market alone does no injustice.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Islamic finance is about empowering trade. Empowering businesses that make up the real economy. Tokenization can help these businesses become more accessible to investors everywhere. I write about this in more detail in my latest article:
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Making Islamic Finance More Accessible Through Tokenization

I dive into the transformative power of tokenization in the realm of Islamic finance. By integrating digital tokens, it opens new avenues for businesses to secure funding and presents unprecedented...

www.secretmuslimbanker.com
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
1/6 What's this debt ceiling everyone is worried about? Let me explain why it's nonsense and how politicians keep taking you for a spin. The system's a joke but every so often they'll keep you on your toes. Like a Christopher Nolan movie - but a sh*t version. Let's unpack 👇
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
Diving into this. My next article is on different types of Sukuks and how the PPN adheres to real Islamic principles. It may be the most Islamic Sukuk out there. I’m still new to the Sukuk world so hoping to get clarity on this through this book.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
Print money. Prices go up. Much later, increase wages (slightly). Repeat.
@BloombergUK
Bloomberg UK
@BloombergUK
11 months
JUST IN: The UK will increase the national living wage by almost 10% to £11.44 an hour next year, in a boost to the country’s lowest earners
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
1/ If you’re a UK taxpayer, you should know that your hard earned pounds are helping keep the Bank of England afloat. Remember QE? When the BoE printed new money after the '08 crisis to buy govt bonds to keep interest rates low to boost the economy? Well it’s payback time 👇
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
11,500 people dead in Gaza. Of those 4,170 are children and 3,160 are women. But the majority of the UK politicans have decided that this is not worth stopping. Their lives simply do not matter. The numbers are not high enough. At the same time, every weekend, up to 1 million
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@MuslimCensus Only comment I have is to have an option for “I don’t know” for question 8. I’m sure many will move away from their standard party but aren’t sure who to replace it with as of yet.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@freemonotheist Agreed. Knowledege of the deen & sunnah is one thing but conveying the ideas and having the oratory skills to reach an audience is another.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Great write up on understanding the financing landscape during the Prophet’s (ﷺ) time. Our obsession with materialism and individualism has ruined time preference. That’s why these methods of financial dealing seem so alien.
@farazadam2
Faraz Adam
@farazadam2
1 year
📜 HOW FINANCING OPERATED IN THE ERA OF THE PROPHET ﷺ 🟢 After searching through dozens of books on the Sirah and Fiqh to understand the financing landscape in the blessed era, some patterns became visible to me: 1️⃣ In the era of the Prophet ﷺ, people truly lived within their
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Banks want you to borrow more. The more credit you take on, the more money they make from the interest. But what if you don't want to borrow more? They'll increase your credit limit without you even asking for it. That way you'll feel you can borrow more.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@YieldAlchemy And just acquire assets in general. Many in our community are at a disadvantage for not being able to acquire properties to stay away from riba. That hurts the community by being asset-poor. So pooling funds together to own common assets is a great idea.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Inflation. Inflation. Inflation. You know what it is but do you know what's causing it? New data coming in is pointing towards inflation coming down. But it's not over. The government needs to borrow more and this will compromise the central banks' ability to fight
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@SamQari I found interesting that an imam in US refused to perform a Nikkah for any couple in which the bride was non-Muslim although he would in a Muslim country. The reason being is that in a non-Muslim country, there are more chances that the children be distant from the deen
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
This has to be one of the greatest community notes.
@SecBlinken
Secretary Antony Blinken
@SecBlinken
1 year
Congratulations to new Pakistan Interim Prime Minister @anwaar_kakar . As Pakistan prepares for free and fair elections, in accordance with its constitution and the rights to freedom of speech and assembly, we will continue to advance our shared commitment to economic prosperity.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Anyone interested in Islamic finance and wants to get a first-person’s view of the oxymoronic Islamic banking industry needs to give this a listen.
@jalalayn
Muhammad Jalal
@jalalayn
1 year
This week, we take a fascinating insider's look into the Islamic Banking industry. Harris Irfan takes us on a rollercoaster journey; we look at his role in financing the Makkah Towers, the Doomsday Fatwa and Riba. @harris_irfan Breathtaking insights
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
7 months
There's a lot of talk about private credit these days. Goldman Sachs just raised $1bn from Abu-Dhabi sovereign welath fund Mubadala for more private credit deals in Asia. GS now has around $110bn to deploy for this strategy globally. Private credit, to put it simply, are loans
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
New article is out where I touch upon the logic of interest rates and a brief history of money. I hope you'll enjoy this inshAllah:
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Interest Rates (Riba) and Incentives (Part 1): An Islamic Perspective

Analysing the logic of interest rates and riba from an Islamic perspective and a brief history of money.

www.secretmuslimbanker.com
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@SamQari @h44mzaa Love this. Engaging way to spread the knowledge of Islam.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@AvdullahYousef Great PR. Thanks Sam.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@princessofdhump @IsmailKamdar Like Abd Alrahman ibn Awf, yes, but he wasn’t consumed by it. There’s no harm in being wealthy, it’s something we should strive for. Just need to learn to keep the wealth in your hands and not your heart.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
2 months
Great post I saw on LinkedIn by @simonsquibb . The system relies on credit growth to keep the machine turning and this is one of the levers they push.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
1/7 How can Islamic finance contribute to a fair market? Take a look at private credit. The biggest lenders use their money/clout to carve out special terms. Should an investor benefit over others simply because of their status? Let’s look at what’s happening right now👇
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Interesting results. 358 votes with more than 90% favouring economic stability over democracy. The same poll was conducted in the Arab world and 82% of people voted in favour of economic stability. Arab spring was the biggest nonsense peddled by western media. I'm sure
@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
What's more important to you? Explain why.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
8 months
When money loses its value over time, you have no choice but to own real assets. But our monetary system leads to an uneven distribution of wealth. Those closest to the first steps of money creation can reap large benefits relative to the average person. So what do they do?
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@BoredAtGym "Key subjects" and "up to" Let's see the details
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
7 months
What's the biggest oxymoron? Islamic banking or Muslims Zionist?
@dahrinoor2
Noor Dahri - نور ڈاہری ‎ 🇬🇧
@dahrinoor2
7 months
𝙒𝙝𝙤 𝘼𝙢 𝙄? 🇬🇧 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 Muslim is my 𝗜𝗱𝗲𝗻𝘁𝗶𝘁𝘆 ☪️ 𝗦𝗮𝗹𝗮𝗳𝗶𝘀𝘁 is my religious 𝗜𝗱𝗲𝗼𝗹𝗼𝗴𝘆 🇮🇱 𝗭𝗶𝗼𝗻𝗶𝘀𝗺 is my political 𝗣𝗵𝗶𝗹𝗼𝘀𝗼𝗽𝗵𝘆 𝘐 𝘸𝘪𝘭𝘭 𝘭𝘪𝘷𝘦 𝘣𝘺 𝘵𝘩𝘦𝘮, 𝘥𝘪𝘦 𝘣𝘺 𝘵𝘩𝘦𝘮. 𝘐𝘯 𝘚𝘩𝘢𝘢 𝘈𝘭𝘭𝘢𝘩
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Thanks to Keynesian economics, the US can support as many wars as it wants. Money supply, technically, is unconstrained. Sure, there will be repercussions. Inflation being the main one. That said, given how the US treasury market is trading, any further support will require
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
7 months
The Economist not holding back on the state of the UK economy:
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
I didn’t think he would go there. But he did. Final nail in the coffin. His takes can’t get worse than this.
@benshapiro
Ben Shapiro
@benshapiro
14 years
RT @JeremyMatt "Majority of the Palestinians are nothing but terrorist thugs or terrorist enablers." 100% correct.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
You want to know how bad things are looking? A company, that helps companies shut down (especially startups), just raised $1.5m in 24 hours.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
1/6 Everywhere you look in finance, you'll find the same addiction. Leverage is the core problem. Especially when it comes to Private Equity (PE). PE funds are now having to borrow money to be able to pay their investors back...
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
The corruption in Lebanon is something else. This guy is pure evil. Imagine the governor of a central bank using the country’s money to fund his personal life and buy his family properties across the world? That’s what he did. Now the average Lebanese person is suffering. The
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Love to see it when non-Muslims take an interest in Islamic finance. A lot of Bitcoiners and Austrian economists will relate with the ethics and logic behind Islamic finance. The name shouldn’t matter. It’s not just for Muslims. Call it Spiritual Finance for all I care.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Alhamdulilah for Islam.
@oldbooksguy
Jash Dholani
@oldbooksguy
1 year
Thinking about the Rat Experiment where the response to unlimited food and total safety was sexual deviancy, falling birthrates, and total extinction. Perhaps LIFE needs friction, struggle, and challenges to exist at all. Utopia doesn't bring happiness but a paralysing nihilism
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
11 months
In 2007, Sheikh Taqi Usmani said that 85% of all Sukuks are non-Islamic. Most generated guaranteed returns and aren't tied to business profits. I wonder how much has changed since...
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Be careful of propaganda. Unfortunately, with social media today, lies spread faster than wildfire. It's already too late to rectify the falsehoods being spread.
@Andrew_J_Howard
Andrew Howard
@Andrew_J_Howard
1 year
Friendly reminder that in 1990, this "testimony" of Iraqi soldiers torturing and killing babies - which convinced the US to support Kuwait in the Gulf War - turned out to be completely false. Over a million innocent Iraqi men, women and children died because of lies like this.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Latest photo captured by the James Webb telescope showing the galaxy M51. سبحان الله
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@spectatorindex Like those intact passports found after 9/11?
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
Keep an eye out for my next article. I’ll discuss the history of the IMF and its colonising tendencies. How it traps emerging/frontier markets. I’ll also propose an Islamic solution to sovereign debt and how early Islamic empires handled debt at the state level.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
This is such a poor take - I'm shocked. Japanese wages haven't gone up because consumer prices have barely gone up since 1990. He's completely ignoring inflation. On the other hand, in the US, $1 from 1990 buys you the same amount as $2.34 today.
@RichardHanania
Richard Hanania
@RichardHanania
1 year
Nobody wants to admit what an economic failure Japan has been over the last several decades. No wage growth in 30 years. Japan median household income is $29K a year, compared to just under $71K in the US. Asian Americans make $100K a year.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
@TheSyedHaq Your choices in US are pretty bleak.
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
1 year
“Under a #bitcoin  standard, war would be very, very expensive and the state would have to directly tax its citizens in order to fund the war...instead of putting future generations in crippling debt in order to receive war spending immediately. Under the fiat system we're
@Andrew_J_Howard
Andrew Howard
@Andrew_J_Howard
1 year
A rant on the military and #bitcoin : If the military actually had righteous efforts, I'm pretty sure I'd still be in the Marines and would serve a full 20-year term. Jumping out of planes, shooting guns, suffering/training with your bros and perfecting the art of being a
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@SecMuslimBanker
The Secret Muslim Banker
@SecMuslimBanker
8 months
Took a break from X but easing my way back in. There's a lot to talk about with everything that's going on. 2024 is going to be an interesting year for the world economy.
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