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Join Dr. Shaher Abbas and Suleman Muhammad as they dive deep into one of Islamic finance's most debated topics: Why do Islamic banks benchmark against interest rates? In this eye-opening discussion, our experts tackle crucial questions: The mechanics behind Islamic banks' product pricing Economic and practical rationales for current pricing methods The distinction between using interest as a benchmark vs. actual riba Impact on asset pricing and market dynamics Potential alternatives and future possibilities Dr. Shaher brings 20+ years of Shariah compliance expertise and insights from developing 150+ Islamic financial products across Europe, GCC, and Africa. Suleman contributes 20 years of hands-on Islamic banking experience in Pakistan and the GCC. CHAPTERS 0:00 Introduction 2:53 Pricing in Islamic Banking 7:11 The Practical Side of Pricing 9:15 Creating an Islamic Benchmark 11:08 Using Rental Rate 15:29 Cost of funds and Central Bank 19:39 Differentiation in Islamic Banks 21:58 Theory of Equilibrium of the Economy 26:02 Interest rate tool will never work 27:19 Are Islamic banks commoditising money? 32:39 Pricing of money 34:05 Looking at just outcomes 34:40 Riba happens in a contract 35:20 The contract is the reality 36:55 Confusion in the markets 39:00 Example of grapes factory 41:50 Rental Yield Example 45:12 Mudarabah Inter-Bank Offer Rate