The Ansari Podcast podcast

189: Would Prophet Muhammedﷺ use the U.S Dollar Today? w. Finance Expert Shaikh Navaid Aziz

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Would the Prophet Muhammad ﷺ use our modern financial system?In this powerful conversation, we explore a much bigger question than whether a Muslim can take out a mortgage in America: Would the Prophet ﷺ have accepted an economic system built around fiat currency, debt, and interest — or would he have worked to build an alternative?We break down the European Fiqh Council’s fatwa on conventional mortgages, the difference between the Prophet’s ﷺ approach in Mecca and Medina, and why establishing an independent Muslim marketplace became such an important priority after the Hijrah.The conversation then expands beyond mortgages into the foundations of Islamic economics and Islamic banking. What would a genuinely interest-free financial system look like? Can Muslims build alternatives to conventional banks? What role should gold and silver play in protecting wealth from inflation? And how should Muslim families think about debt, riba, home ownership, saving, and long-term financial planning?At the heart of the discussion is a larger question: instead of only asking how Muslims can function inside the existing financial system, should the Ummah be building institutions of its own?Whether you're thinking about a halal mortgage, conventional mortgage, Islamic home financing, riba, fiat currency, gold and silver, Islamic banking, or the future of Muslim economic independence, this conversation challenges us to rethink what a truly Islamic financial system could look like.Watch the Full Episode here: https://youtu.be/ou2GZyWLi8ESupport The Ansari Podcast: ⁠⁠https://www.patreon.com/ansaripodcastMain Channel for Full Episodes: ⁨@TheAnsaripodcast⁩Follow The Ansari Podcast:Instagram: https://instagram.com/ansaripodcastTikTok: https://tiktok.com/@theansaripodcastTwitter/X: https://twitter.com/ansaripodcast#Islamicfinance #Islamicbanking #HalalMortgage #FiatCurrency #prophetmuhammad #wealth #finance

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