The Trouble with Riba (interest) explained | Almir Colan
Almir Colan
What this source says
Almir Colan explains what makes riba (interest) problematic and how Islamic finance is structured to avoid it. Colan is Director of the Australian Centre for Islamic Finance (AUSCIF), holds a Master of Islamic Banking and Finance from La Trobe University (where he was a consultant lecturer and board member on that programme) plus an MBA from Deakin University, advises Islamic finance institutions, and sits on a working group at AAOIFI. As a finance practitioner and educator rather than a general dawah speaker, his treatment is grounded in the contemporary banking and contract context.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Watch the original on YouTube — excerpt begins at 0:00
Provenance
- Channel
- Almir Colan
- Transcript
- Auto-generated captions — read with that in mind
- School / basis
- Comparative
- Added
- 2026-06-23
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Reference to the lecture; quotes not transcribed — verify on the video before citing verbatim. Title + channel oEmbed-verified live 2026-06-23 (author_name=Almir Colan, author_url youtube.com/@AlmirColan — his own official channel, not a re-upload). Credentials (AUSCIF director, La Trobe Master of Islamic Banking & Finance + lecturer/board role, Deakin MBA, AAOIFI working group) web-verified the same day. First Islamic-finance-specialist (practitioner/academic) primary-source video in the corpus and an Australian voice; strengthens the AU edition.
Topics
ribaislamic-finance
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