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Join Almir Colan and expert panelists at the AlBaraka Summit as they discuss Islamic economic leadership, storytelling and reframing the global narrative.

Note: There is a minor audio issue during the first 6–7 minutes of the video.

At the 2nd Global Islamic Economy Summit in Istanbul, Almir Colan, Founder of Muslim Money Matters, emphasized the urgent need to reclaim and reshape the narrative around Islamic economic leadership. He highlighted how mainstream media often distorts or overlooks the significant achievements made by countries like Türkiye—despite persistent bias and misunderstanding.

Drawing on Türkiye’s example of building a robust industrial base, modern infrastructure, and achieving record-breaking exports with a focus on production over consumption, Almir stressed the role of strategic foresight, resilience, and innovation in driving economic success. The discussion called for bold, value-based storytelling that reflects the true essence and potential of the Is...

What is the Islamic economic system and how it differs from socialist and capitalist models? In this masterclass, Almir Colan presents a new model and framework for the Islamic economy.

[Youtube link]

Topics

0:00 Intro
1:09 Socialist vs Capitalist Growth Rates
4:17 Problems with Socialist Economy
7:15 Why it looked like capitalism was winning
9:17 Definition of Economy
11:13 Production, Trade and Money
18:15 Incentives Drive Outcomes
20:41 Bottlenecks in Socialism & Capitalism
30:00 Islamic Economy - The Shepherd’s Model
32:02 1st Pillar: Wealth Distribution
39:29 2nd Pillar: Wealth Protection
43:32 3rd Pillar: Wealth Creation
49:04 Comparing Economic Systems
50:54 Islamic Economy Framework

This masterclass is part of the "Muslim Money Matters" series. To learn more about "Muslim Money Matters" please visit:

🌐 https://www.muslimmoneymatters.com

In this interview, I share memories from my childhood and growing up in Sarajevo, and also some thoughts about challenges in the Islamic economy and finance.

The video is translated with English subtitles & recorded during my recent trip to hometown Sarajevo in Bosnia by Televizija 5.

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Youtube link: https://www.youtube.com/watch?v=EHyKSAMO3QU