All posts filed under: Economy

Q&A: The Difference between the Land Title (Raqabah) when it is for the State and when it is for the Individual

Question:                                                                Assalamu Alaikum Wa Ramatullah Wa Barakaatuhu, Pardon me, in the book of the Economic System in Islam by the honorable scholar Taqiuddin an-Nabhani, may Allah have mercy on him, he talked about the Kharaji land and the ‘Ushri land. My question: What is the difference between the land title (raqabah) and its benefit when […]

Imran Khan Collaborates with the IMF, Surrendering Pakistan’s Economy to Colonialist Domination

Imran Khan’s meeting on 10 February 2019 with the IMF chief in Dubai heralds grave new dangers to Pakistan at the hands of the colonialists. The IMF is such a great source of harm that in the US Army’s “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare,” written in September 2008, the US […]

Water Tariffs will be Increased. What is the Difference between the Current and Previous Government?

Water, Land and Natural Resources Minister Dr A Xavier Jayakumar has confirmed that water tariffs will gradually be increased this year in line with the government’s efforts to restructure the water supply services industry in the country. The justification given is to take care of consumers’ interests in getting quality water and to ensure the […]

Q&A: To whom the Zakat of Livestock is Paid in the Absence of Khilafah!

Question of Attia Al-Jabarin: Assalamu Alaikum our Brother Abu Yaseen, may Allah protect you and give you long life, As for the answer to question about the Zakat of livestock… We know that Zakat is obliged on pasturing sheep and goats, and no Zakat is on non-pasturing sheep and goats (al-ghanam). When the owner of […]

Just like the First, the Second Mini Budget is Inspired by the IMF Agenda of Exploiting Pakistan’s Economy for Colonialist Interests

The second mini-budget presented on 23 January 2019 is certainly not a cause for rejoicing and praise. The second mini-budget became a practical necessity because the regime strangled the economy so hard with taxation, in its first mini-budget, that the economy choked to the point that its ability to cough up tax revenues was itself […]

Government’s Economic Focus Will Ensure More Economic Misery because it is based on IMF Priorities, not Our Own

Whilst lamenting over three decades of economic failure, on 24 January 2019, the Finance Minister, Asad Umar, revealed the government’s economic focus on addressing, “budget deficit due to an imbalance between government expenditures and revenues, increasing trajectory of imports vis-a-vis exports, and an increase in investments.” Asad Umar further acknowledged on-going negotiations with the IMF […]

The Khilafah Alone Will Rescue Pakistan’s Economy from the Colonialist Trap of the Dollar Peg and Interest Based Loans

As the Muslims of Pakistan brace themselves for the next mini-budget on 23 January 2019, it is clear that the current economic system is the cause of ever worsening economic hardship faced by the masses. Under the current system, Pakistan’s currency is crippled by the dollar peg, which has been imposed by Western colonialists as […]

The 2019 Budget was Born from the Womb of the Capitalist System Its Legacy is only Poverty and Hardship of Living

At the beginning of every year, the government comes out with the so-called the budget of the new year, promising us with rosy hopes and aspirations to reform the situation and change the deteriorating conditions. But after a few days the situation worsens, the hardship worsens, and the people suffer. This scenario has been repeated […]

The New Budget in Jordan Impoverishes People

and its a Political Crime that Confirms the Regime’s Treachery and its Subordination to the Colonial Powers The Jordanian government presented the draft state budget law for the year 2019 to the House of Representatives. In their preliminary discussions, the MPs criticized the draft budget law for not touching the reality and its estrangement with […]

The State Leads the People to Destruction through the Riba-based Financing System

The State Leads the People to Destruction through the Riba-based Financing System and Cheats them for the Benefit of Banks by Scheduling and Prolonging Individuals’ Debts Al-Araby Al-Jadid (The New Arab) website reported, on Sunday 30/12/2018, under the title “Jordan … Warnings of new protests against high prices and fines” that according to recent data […]

The Global Economy in a Flux

This article is an extract from the forthcoming, annual Khilafah.com report, Strategic Estimate 2019. The report assesses the state of the global balance of power and the key issues that will affect it and the emerging trends. The full report will be published around 1 January 2019 The global economy is changing as the economic […]

The Pension Regulations in Tanzania Reveals Capitalist Policies

Tanzania’s government has signed into law the Public Service Social Security Act 2018, which has resulted into chaos, frustrations, and more outcry among workers. The new Act joins all pension funds into two major entities; the Public Service Social Security Fund (PSSSF) and National Social Security Fund (NSSF), and introduced two new tricky benefits, the […]

Q&A: The Consequences of Deducting Part of the Employee’s Salary by the Employer and Adding a Part to it

Question: Assalamu Alaikium Sheikh، may Allah (swt) protect you and grant the victory through your hands… Ameen. In many Western countries we have a scheme called the Pension scheme. This is when the employee contributes a certain amount of his wage and gives it to the company he works for. The company also put in […]

Q&A: The Ahadeeth of the Messenger ﷺ that forbids two sales in a single sale and two agreements in a single agreement

‎Question: Assalamu Alaykum Wa Rahmatullah, A Question about transactions: We want to rent a land in order to extract stone from it for a sum of money and in case of non-validity of the stone, we will turn the sale to a proportion. Is this transaction valid or not valid being two contracts in one […]

Khan’s Naya Pakistan is Increasingly Looking to Become Hostage to IMF

IMF representative to Pakistan Teresa Sanchez said, “The government of Pakistan has approached the International Monetary Fund with a request for not only financial assistance but also for policy advice, which are part of the usual services that the IMF provides to its member countries. Remember that the IMF provides countries with financial assistance to […]

The Ruthless Anti-Encroachment Drive Confirms that the Regime only Cares for the Affairs of the Powerful Ruling Elite

7000 shops, 10000 sun shades and 2000 platforms were ruthlessly demolished in Karachi after a Supreme Court order of 27 October 2018 to end encroachment of public streets and lands, sparking great anger and protest. Only after thousands lost their long standing businesses, without compensation, did the Sindh Local Government Minister, Saeed Ghani, announce relocation […]

Q&A: Has the “Countdown” Begun to End the Dollar’s Dominance Over the Global Economy?

Question: Attempts have emerged by some countries, especially Russia, China and the European Union, to replace the dollar with another currency in international transactions. Agreements have even been made to deal with the local currency of some countries, such as Russia’s agreement with India on 31/10/2018, for the sale of S-400 missiles in the Russian […]