Nisba: A Conversation with Aziz Alnaim

Watch here: https://www.youtube.com/watch?v=47HjyrW8rYw

Can you actually beat the index while staying Sharia compliant?

Nisba sat down with Abdulaziz, fund manager at Mayar Capital, to find out. In this episode of An Honest Conversation, Ahmad and Adel go deep with Abdulaziz on what it really takes to run an active, Sharia compliant equity fund.
From why Mayar Capital deliberately ignores the benchmark, to the hidden concentration risk inside "diversified" passive Islamic index funds, to why the AI boom might repeat the same mistakes investors made with the dot-com bubble, this conversation covers the questions every halal investor should be asking.
We talk stock picking as an individual, how long to give an underperforming fund before walking away, the "capture ratio" every serious investor should understand, and why Abdulaziz believes UK platforms are failing Muslim investors on choice.

Timestamps:

00:00 – Two stocks have produced 80% of the S&P 500's return

01:01 – Can individual investors really pick their own stocks?

04:00 – Inside Mayar's benchmark-free, high-conviction process

07:00 – Why active investing suits ethical and Sharia-led investors

11:00 – Is AI the next dot-com bubble?

17:59 – Buying and selling slowly: the behavioural biases every investor has

22:00 – How long should you give an underperforming fund?

26:01 – The "capture ratio": why losing less wins in the long run

32:01 – Why passive S&P 500 and Sharia index funds are riskier than they look

44:00 – The "mis-selling scandal" in Muslim investing platforms