Why are major financial institutions struggling to scale sustainable Islamic finance?

In this episode of Majlis & Markets, we sit down with Maya Marissa Malek, CEO of Sābiq Advisory, to unpack the critical operational gaps, compliance tensions, and commercial realities shaping modern Shariah-compliant finance.

We dive deep into the hard corporate finance mechanics that the industry often avoids, exploring:

• The Green Dilemma: The true potential of green Sukuk and regional net-zero agendas in the UAE and Saudi Arabia.
• The AI Disruption: The deployment of AI screening tools and why human expertise remains irreplaceable.
• Global Expansion: How the market is expanding into new jurisdictions like Central Asia and Africa.

Whether you want to understand how to structure cross-border transactions or how Maqasid al-Shariah aligns with global ESG frameworks, Maya delivers a masterclass in bridging market reality with ethical principles.

🔗 Featured Links & Resources

• Sābiq Advisory: https://sabiqadvisory.com/
• Connect with Maya Marissa Malek: https://www.linkedin.com/in/maya-marissa-malek-3574b917/
• Read (Wired Middle East): Can Islamic Finance Shape Fintech? — https://www.wired.me/story/can-islamic-finance-shape-fintech
• Watch this episode on YouTube: https://www.youtube.com/watch?v=95NlwRw5fy0

📲 Connect with Us

• LinkedIn: https://lnkd.in/eXKNRVcF
• X / Twitter: https://x.com/MajlisMarkets
• Instagram: https://instagram.com/majlismarkets
• TikTok: https://tiktok.com/@majlis.markets

Disclaimer
This podcast is a Majlis & Markets production and is not affiliated, associated, or aligned with any organisation. The topics discussed and views expressed in this episode belong solely to the host and guests, and do not reflect any official policy or position.

The content provided within this production is for informational and educational purposes only and does not constitute financial, investment, legal, or professional advice.

The $6 trillion Islamic finance market faces an existential tension: it was built to champion equitable risk-sharing, yet it remains heavily dominated by rigid, rule-based legal screening.

Can artificial intelligence resolve this bottleneck? Can advanced machine learning models move beyond basic compliance checklists to automate substantive, purpose-driven ethical screening?

In this episode of Majlis & Markets, host Hassan Jivraj sits down with Mujtaba Khalid for an executive briefing on the intersection of Halal Value Investing and generative AI.

We strip away the fintech marketing jargon to analyse how algorithmic frameworks are actively reshaping portfolio optimisation, equity screening, and asset management across the MENA region.

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🚀 MUJTABA KHALID'S PLATFORMS & TOOLS

• Access the live Maqasid Equity Dashboard (Use Access Code: MK-Maqasid786):
https://mujtabak-maqasid-equity-dashboard.hf.space/?access=MK-Maqasid786

• Explore the official Bagh-e platform:
https://www.bagh-e.com/

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📌 RELATED ARCHIVE & REFERENCE EPISODES

If you are tracking the structural evolution of global ethical markets, catch up on our definitive reference sessions:

• Watch our industry critique with Farukh Raza analysing Pakistan’s transition to an interest-free economy:
https://www.youtube.com/watch?v=A2iaMjvFJ9s

• Watch our foundational industry critique featuring Dr Ryan Calder:
https://www.youtube.com/watch?v=GSZW-OpRFXM&t=1960s

• Listen to our pilot audio masterclass on Buzzsprout:
https://majlisandmarkets.buzzsprout.com/1907033/episodes/14019052-pilot-episode-a-deep-dive-into-the-history-and-practice-of-islamic-finance

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💡 KEY THEMES ANALYSED IN THIS EPISODE:

• Halal Value Investing: How deep learning systems and algorithmic indexing filter corporate equity data at unprecedented velocity.
• Automated Maqasid Screening: Assessing the structural shift from binary legal checklists to sophisticated, objective-driven ethical evaluations.
• Code vs. Scholarship: Evaluating the systemic limitations of AI in replicating the highly coordinated, human negotiation required by elite Sharia boards.

Who should listen? Institutional allocators, Sharia fintech founders, and value investors navigating global Islamic markets.

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💡 JOIN THE MAJLIS & MARKETS INSIDER FEED
Subscribe to access institutional-grade market updates, sovereign investment briefs, and macroeconomic intelligence curated explicitly for global ethical markets.

• LinkedIn: [https://lnkd.in/eXKNRVcF]
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• Instagram: [https://www.instagram.com/majlismarkets/]
• YouTube: [https://www.youtube.com/@MajlisMarketspod]

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#IslamicFinance #HalalInvesting #MaqasidAlSharia #AIinFinance #Fintech #ValueInvesting #ShariaCompliance #MENAMarkets #AssetManagement #MajlisAndMarkets #MujtabaKhalid

While global headlines fixate on macro volatility and regional tensions, the underlying data tells a completely different story for Gulf technology.

In this episode of Majlis & Markets, we sit down with Forbes Top Venture Capitalist Hasan Haider, Founder and Managing Partner at PlusVC, to unpack his contrarian investment thesis. Hasan lays out exactly how the GCC startup ecosystem, spearheaded by an unprecedented liquidity boom in Saudi Arabia, has structurally decoupled from broader regional conflicts.

We look deeply into the realities facing Sharia-compliant startups and the distinct innovation landscape of Islamic fintech. Hasan also tackles the taboo topics facing the ecosystem head-on, addressing the harsh criticisms surrounding the regional lack of a proven exit track record and how founders must realistically navigate failure.

Finally, we look outward to draw parallels from global success stories like Revolut, the structural scale of SpaceX, and the strategic implications of tech giants like OpenAI acquiring media networks like the TBPN show. If you are an institutional allocator, a growth-stage founder, or an angel investor navigating the current Middle Eastern capital crunch, this conversation provides the definitive playbook for deploying risk capital.

🤖 EPISODE BRIEFING

• How is geopolitical risk affecting venture capital deployment in the MENA region? While the Iran War and macro instability has created a short-term capital contraction from Western funds, domestic sovereign wealth and regional venture capital are moving aggressively. The GCC market is experiencing a structural decoupling, where domestic regulatory reforms and internal liquidity shield tech infrastructure from external geopolitical shocks.
• What are the primary structural challenges for Islamic fintech and Sharia-compliant startups? The main challenge lies in transitioning from niche alternative banking into a core driver of regional financial infrastructure. By blending automated AI asset validation with authentic Sharia compliance, these platforms are moving past regional boundaries to capture massive, unserved retail and commercial liquidity pools across the GCC.
• Is the criticism regarding the lack of a startup exit track record in MENA valid? Historically yes, but the infrastructure is shifting rapidly. Saudi Arabia’s capital markets have transformed via deep regulatory restructuring, creating an accessible pipeline for corporate IPOs, robust secondary markets, and late-stage tech exits that reduce reliance on Western exchanges.

📖 STRATEGIC REGIONAL READING

• PlusVC Targets 40 Startup Deals Amid Growing Saudi Pipeline (Bloomberg): https://www.bloomberg.com/news/articles/2025-12-03/plus-vc-targets-40-startup-deals-in-2026-as-saudi-pipeline-grows
• Why Saudi Arabia is an IPO Magnet: https://gfmag.com/capital-raising-corporate-finance/saudi-arabia-ipo-magnet/

🔗 THE MAJLIS NETWORK

• YouTube Channel: https://majlisandmarkets.com/youtube
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Is the multi-billion dollar private credit market a global financial crisis in the making, or is the GCC region building a bulletproof alternative capital haven?

In this episode of Majlis & Markets, we sit down with Sharif Eid, Portfolio Manager at Amwal Capital Partners, for a comprehensive look at the realities of alternative lending, macro liquidity risks, and the massive capital migration toward the Middle East.

🔴 PART 1: THE GLOBAL PRIVATE CREDIT DEBATE (00:00 - 27:02)
We break down the global macro picture, tackling the fierce media debate surrounding "shadow banking." Sharif shares his insider take on global asset quality, true default risks, and how Business Development Companies (BDCs) are reshaping corporate finance. We look past the headlines and market panics involving players like Blue Owl and BlackRock to analyse whether unregulated mid-market lending poses a real systemic threat to global financial stability.

🔴 PART 2: THE GCC INVESTMENT BOOM & TOKENISATION (27:03 - End)
We pivot to the MENA region to examine the structural shift turning the Gulf into an onshore direct-lending powerhouse amidst regional geopolitical events. We dive into Abu Dhabi’s rapid evolution as a private credit capital via the ADGM’s specialised fund frameworks, and look at the legacy of trust and data transparency in the region.

We also dissect Saudi Arabia’s dominance as the region's ultimate IPO magnet under Vision 2030, and how cutting-edge asset tokenisation and digital platforms are fundamentally transforming regional Sukuk structures and private market alpha in 2026.

💡 TOPICS COVERED IN THIS EPISODE:
• Why mainstream financial media demonises private credit.
• Is private credit genuinely just shadow banking in disguise?
• The truth about redemption panics, liquidity constraints, and default rates.
• How Abu Dhabi and the ADGM are attracting international credit managers.
• Why Saudi Arabia remains the primary IPO destination in the Middle East.
• How asset tokenisation and blockchain technology are transforming Sukuk markets.

📱 STAY CONNECTED WITH MAJLIS & MARKETS:
• Podcast Feed: https://majlisandmarkets.buzzsprout.com
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• Instagram: https://www.instagram.com/majlismarkets
• TikTok: https://www.tiktok.com/@majlis.markets

🎧 RECOMMENDED EPISODES & RELATED LISTENINGS:
• Is Shariah-Compliant Tech Ready? (Web Summit Qatar 2026): https://www.youtube.com/watch?v=oTA0D4v5RtA

• How Saudi Arabia Is Betting on AI (George Huang, SenseTime): https://www.youtube.com/watch?v=5M0j05KQ_i4

• $62T in One Room: Insights from ADFW 2025 (Ted Koenig, Monroe Capital): https://www.youtube.com/watch?v=d-4dASWizj8

• Episode 8: Exploring the MENA Capital Markets Landscape (Sharif Eid): https://majlisandmarkets.buzzsprout.com/1907033/episodes/14698193-episode-8-exploring-the-mena-capital-markets-landscape

• Inside the Rise of Gulf Private Capital: https://majlisandmarkets.buzzsprout.com/1907033/episodes/15141935-episode-21-gulf-investment-boom-inside-the-rise-of-private-capital

• Exploring the GCC Private Credit Boom: https://majlisandmarkets.buzzsprout.com/1907033/episodes/15487197-episode-29-exploring-the-gcc-private-credit-boom

• Fund Focus: The GCC Investment Boom: https://majlisandmarkets.buzzsprout.com/1907033/episodes/16955383-episode-58-fund-focus-the-gcc-investment-boom

🔗 ARTICLES & RESOURCES MENTIONED:
• Institutional Investor – Abu Dhabi's Onshore Push: https://www.institutionalinvestor.com/article/abu-dhabi-moves-become-gulfs-private-credit-capital
• Global Finance – Saudi Arabia: The Gulf's Ultimate IPO Magnet: https://gfmag.com/capital-raising-corporate-finance/saudi-arabia-ipo-magnet/
• Amwal Capital Partners: https://amwalcp.com/

👥 CONNECT WITH THE GUEST:
• Connect with Sharif Eid on LinkedIn: https://www.linkedin.com/in/sharif-eid-22056a19/

#PrivateCredit #ShadowBanking #BlackRock #BlueOwlCapital #AssetTokenisation #GlobalMacro #GCCMarkets #SaudiArabia #AbuDhabi #Sukuk #MajlisAndMarkets #FinancePodcast

As the 2026 Iran War escalates, the Middle East faces a defining moment of economic reckoning. While the world watches the missiles, the markets are watching the financial lifelines of Cairo, Beirut, and the Gulf. Expert Angus Blair (Signet Institute) returns to Majlis & Markets to discuss whether the regional economy has finally reached its breaking point.

The instability of 2026 has created a $7 billion revenue void in the Suez Canal, but the ripples extend far beyond Egypt’s borders. We move past the headlines to explore "what they missed": the true impact of the Strait of Hormuz closure and the strategic shift toward Chinese credit lines.

In this episode, we take a deep dive into the Iran factor, dissecting how Tehran's regional strategy is reshaping trade routes and risk premiums. We also explore the volatile Syria-Israel relationship, examining how the friction on that border serves as a barometer for wider regional kinetic escalation.

We also assess the GCC’s economic resilience amidst these war clouds and ask the hard questions about Lebanon: What are the realistic pathways for Lebanon’s banking recovery in 2026?

Whether you are an investor navigating MENA markets or a follower of global geopolitics, this episode breaks down what these shifting alliances mean for global capital and market stability.

• Suez Canal 2026: How does a 60% drop in maritime traffic rewrite Egypt’s national budget?
• The Iran Factor: How is the current conflict altering the long-term trade dynamics of the Middle East?
• Syria-Israel Friction: How does the tension between Damascus and Tel Aviv impact regional investment risk?
• Lebanon’s Recovery: What are the realistic pathways for Lebanon’s banking recovery in 2026?
• Market Impact: What does this regional upheaval mean for MENA market volatility and capital flight?

🎧 Related Listening: The Egypt Deep-Dive Series

To understand the full context of Egypt’s economic journey, explore our previous episodes:

• Ep 13 | Unpacking Egypt’s Economy (feat. Angus Blair): Listen Here
• Ep 31 | Pyramids of Pressure – Egypt’s Economic Balance: Listen Here
• Ep 35 | Egypt’s Fintech Focus – Growth and Challenges: Listen Here

🤝 Connect with Majlis & Markets

Subscribe for weekly insights into the shifting economies of the Middle East.

• LinkedIn: Majlis & Markets Official
• X (Twitter): @MajlisMarkets
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As regional volatility grows, is Turkey emerging as the ultimate refuge for global capital?

In this episode of Majlis & Markets, we are joined by Serhat Süha Çubukçuoğlu to explore Turkey’s strategic positioning amidst the Iran conflict and shifting global market dynamics. We discuss how Ankara is blending "geonomics" and active diplomacy to secure its role as a resilient regional hub for investment and innovation.

• The Safe Haven Advantage: Turning regional uncertainty into a strategic investment hook.
• Geopolitics of Conflict: Navigating the fallout of the Iran war and the internal Turkish policy response.
• IFC vs. The Gulf: A realistic assessment of the Istanbul Financial Centre’s potential to rival Dubai and Abu Dhabi.
• Economic Resilience: Managing energy security risks, tourism slumps, and fiscal health during a crisis.
• The AI Revolution: Why Turkey’s engineering talent provides a "capacity insurance" edge in the digital race.

Catch up on Part 1 of our discussion with Serhat:

Turkey’s Economic Shift: Crisis or Comeback?

Connect with Majlis & Markets

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• Podcast Hub: majlisandmarkets.buzzsprout.com

Connect with Serhat Süha Çubukçuoğlu

• LinkedIn: Serhat Süha Çubukçuoğlu
• X (Twitter): @suhac

Is the "Bloomberg of Baghdad" finally a reality? 🇮🇶☕️

In Episode 90 of Majlis & Markets, we sit down with Jameel Amir, the co-founder and host of the Tajarib podcast. Jameel is doing more than just creating content; he is architecting the "knowledge infrastructure" Iraq desperately needs.

His mission? To build a high-trust, digital-first powerhouse that provides the institutional weight of Bloomberg or CNBC, curated specifically for the Iraqi economy.

Jameel shares his journey from a social media intern at The Station to becoming one of the most recognised and influential business voices in the country. We dive deep into why the Iraqi economy is at a historic turning point and which sectors—from Fintech to B2B Logistics—are poised to lead the digital transformation in 2026.

In this episode, you will learn:

• 🚀 The Institutional Gap: Why Iraq needs a "Bloomberg" style resource for market intelligence right now.
• 🏗️ The Baghdad Tech Surge: A deep dive into the startup ecosystem and its 2026 growth drivers.
• 💰 The Funding Reality: Navigating the gap between venture capital interest and local legal barriers.
• ⚽ The World Cup Effect: How national pride is translating into real business sentiment and FDI interest.

🌐 Join the Majlis & Markets Community

Stay ahead of the curve with market insights across Islamic and Global Markets:

🔹 X (Twitter): @MajlisMarkets

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🔹 Podcast Feed: majlisandmarkets.buzzsprout.com

🔗 Related Episodes to Download Next

Learn more about the Iraqi market by listening to these next:

• Macro Analysis: Iraq’s Economy: Progress or Pressure? Ft. Ahmed Tabaqchali
• Venture Capital: Venture into Iraq - Start-ups on the Rise
• Real Estate Tech: Bricks and Bytes - Iraq’s Real Estate Tech Boom
• Startup Strategy: Accelerating Iraq’s Startup Revolution

🔗 Guest Resources

• Tajarib Podcast: Watch on YouTube
• The Station Iraq: the-station.iq

Is Syria the $215 billion "clean slate" the global financial system needs? 🇸🇾🏗️

In Episode 89 of Majlis & Markets, Hassan Jivraj is joined by Shariah governance expert Najib Al Aswad (CEO of IFCAB) to deconstruct the roadmap for Syria’s economic rebirth.

Following years of conflict and a 98% currency devaluation, we explore if Islamic finance can move beyond "halal stickers" to provide the essential financial plumbing for a nation in rebirth.

In this episode, we discuss:

• 🏗️ The $215B Blueprint: Scaling Sukuk to fund hospitals, schools, and energy.
• ⚡ The Energy Prerequisite: Why fixing the power grid is the first step to financial recovery.
• 🛡️ AAOIFI SS62: Moving the needle on Internal Shariah Audit to win back global investor trust.
• 🧠 The Value Proposition: Bridging the "expectation gap" between ethical theory and systemic reality.
• 📱 Fintech Leapfrogging: Can digital payments bypass broken traditional banking?

Related Episodes
🔗 Episode 49: Setting the Standard: AAOIFI’s impact on Islamic Finance
https://majlisandmarkets.buzzsprout.com/1907033/episodes/16355515-episode-49-setting-the-standard-aaoifi-s-impact-on-islamic-finance

🔗 Episode 57: Counting the cost: Inside Syria's economy with Jihad Yazigi
https://majlisandmarkets.buzzsprout.com/1907033/episodes/16822898-episode-57-counting-the-cost-inside-syria-s-economy

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• 📡 RSS Feed: Subscribe Here

Resources:

• Najib Al Aswad: [https://www.linkedin.com/in/najibalaswad/]
• IFCAB Advisory: [https://ifcab.org/]
• AAOIFI: [https://aaoifi.com/e-standards/?lang=en]

#IslamicFinance #SyriaReconstruction #NajibAlAswad #MajlisAndMarkets #Episode89 #Sukuk #AAOIFI #EconomicRecovery #Fintech