The Thinking Muslim Can Money Buy Happiness? Advice from an Islamic Finance Insider | Umer Suleman
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Sep 2, 2025 Umer Suleman, Chief Risk Officer at Wahed, dives deep into the bond between money and happiness from an Islamic perspective. He reveals how true fulfillment comes from contentment rather than wealth alone. The conversation sheds light on the ethics of Islamic finance versus traditional banking, emphasizing the harm of interest and the importance of community well-being. Umer discusses strategic philanthropy, urging the Muslim community to focus on meaningful giving and the ethical implications of wealth, all while navigating the complexities of modern capitalism.
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Contentment In A Pakistani Village
- Umer recounts visiting a poor Pakistani village where an elderly woman warmly offered what little she had.
- Despite her poverty she repeatedly said 'alhamdulillah' and showed notable hospitality and contentment.
Tawakkul, Rizq, And Barakah
- True tawakkul (reliance on Allah) changes financial choices and reduces short-term compromises for income.
- Rizq is pre-decreed but barakah determines how far earnings go in life.
Five Ways To Seek Barakah
- To increase barakah, keep family ties, give charity, avoid haram, perform Umrah/Hajj, and volunteer time for others.
- These practices invite blessing that lets you do more with less.