#2 How to Detect and Avoid Investment Scams

Black tax: a term which originated from South Africa for money that Black professionals provide to their family every month outside of their own living expenses, usually out of obligation. Many professionals from cultures that believe in collective responsibility often feel weighed down by the black tax which sometimes precludes them from building wealth. Yet, they are often too ashamed to talk about the black tax so join Tope and Rashidat in this last part of the two-episode discussion as they address this elephant in the room.

Black tax: a term which originated from South Africa for money that Black professionals provide to their family every month outside of their own living expenses, usually out of obligation. Many professionals from cultures that believe in collective responsibility often feel weighed down by the black tax which sometimes precludes them from building wealth. Yet, they are often too ashamed to talk about the black tax so join Tope and Rashidat in this first part of a two-episode discussion as they address this elephant in the room.

With the recent upsurge in interest-based loan apps in Nigeria, Tope and Rashidat discussed what Riba is, what this recent trend means for Muslims, the several business models used by these apps, their effects on the economy including several reported cases of privacy violations and some halal alternatives to these apps.

As a beginner investor, the path to proficiency often comes with a bit of trial and error. However, some mistakes can be so costly that knowing and avoiding them is crucial. Join Tope and Rashidat on this episode of the Halal Money Talk as they discuss investment mistakes you should avoid.

Investment scams aren't a new phenomenon, in fact, they've always existed. However, in 2020 a record 26,500 investment and cryptocurrency scams were reported in the US alone, and 2021 is on course to exceed that number. These show that investment scams and frauds are here to stay. In this episode, join us as we discuss Ponzi schemes, investment scams, frauds etc and how to avoid them.

The effects of the covid-19 pandemic economic lockdowns of 2020 and increase in fuel and gas prices led to an unprecedented rise in global inflation in 2021 especially amongst developing economies. In this podcast, Tope and Rashidat explored; what inflation is, how it affects your finances and practical ways you can deal with its effects.

Muslim Finance Library is excited to premiere the Halal Money Talk with Tope and Rashidat. In this podcast, Tope and Rashidat will be holding discussions on topics that connect Muslims and money in a bid to spread knowledge about Islamic finance and to enlighten Muslims on wealth creation and building.