The Governor of the Central Media Bank of Sudan, Mohamad Kheir Az-Zabeir, announced after his meeting with the Sudanese Council of Ministers on Thursday 04/102018 that there will be a bundle of economic policies in order to deal with the economic downfall in Sudan. He further announced,“The government will eliminate all kinds of government control […]

“Heroin is to drug addicts what foreign exchange (read dollars) is to Pakistan’s economy right now. When a drug addict enters a rehabilitation clinic, he often perceives the doctor as the enemy, stripping away the addict’s ability to experience joy in life. Asad Umar is in a similar position with the Pakistani people, as he […]

But Rather by the Restoring the Authority of Islam to the Ummah and its Complete Implementation in All its Affairs After al-Razzaz’s government conclusion of its ministerial teams rounds in the provinces, where it faced a strong resistance and rejection in most of its events and meetings with the public; not only for the new […]

The US Federal Reserve Bank of San Francisco reported on the 13th of August, that 10 years after the 2008 financial crisis: “the U.S. economy remains significantly smaller than it should be”, which “represents a lifetime present-value income loss of about $70,000 for every American”, and “the United States is not alone.”

Merchants of the shops in the city of Qadarif organized a strike on Thursday, 6th of September 2018 where they shut their businesses as a protest against the increase on taxes which reached triple the amount originally taken from them in the past. The question is: Is it Islamically legal to take taxes from merchants […]

Bajwa-Imran Regime has Started Implementing IMF Conditions Even Before Securing IMF Debt Hizb ut Tahrir / Wilayah Pakistan rejects the increase in gas prices by 46 percent on average, as well as the two Rupees per unit increase in electricity prices. Has the Bajwa-Imran regime lost all its senses? Why is it increasing the prices […]

Those observing Istanbul’s construction boom will not have been surprised by last week’s currency collapse – it’s all based on debt. Much of that borrowing was done on the basis of profit margins that never materialised. (Source: The Guardian)

According to Bloomberg, 13th of August, 2018, “America never made up the growth it lost in the 2008 global financial crisis and the recession it triggered. A decade later, U.S. households are still counting the cost.

The tax proposals submitted through the 2018 Finance Bill are designed to generate an additional Ksh 27.5 billion in tax revenue for the FY 2018/19. The 2018/2019 budget deficit of Ksh 558.9 billion (equivalent to 5.7 percent of GDP) will be financed by net external financing amounting to Ksh 287.0 billion (equivalent to 3.0 percent […]

A Mandate with a New Look The International Monetary Fund (IMF) is currently holding its second review session with the Jordanian government and unofficial figures, to market its corrective program for the Jordanian economy. From our review of what the IMF has published in its website under the title: “Jordan and the IMF Frequently Asked […]

With elections scheduled for 25 July 2018, corruption is a major electioneering issue. However, seeking to end corruption through Democracy, is like seeking a cure through the diseases itself. The case of written-off, non-performing loans, worth billions of rupees is one of many examples that prove Democracy promotes corrupt practices. The Supreme Court of Pakistan […]

On 28/6/18, Bangladesh Parliament has passed an extraordinary big national budget of Tk 4.68 Trillion for fiscal year 2018-19 that is 16% larger than the previous one. The budget supposedly aims to spur economic growth and investment and keep inflation in check along with a revenue realization target at Tk 3,39,280 Crore, which is 31% […]

Increase in Gas prices will further contribute to a deteriorating economy Oil and Gas Regulatory Authority (OGRA) has proposed to the Pakistani Federal Government to increase the price of Gas by an average 46 percent. The regulator has determined up to 186pc increase in gas rates for the poorest categories of domestic and commercial consumers, […]

The rope of lying, which is short, has reached its end, revealing what is hidden, and the reality of the fuel crisis is exposed, when the Minister of State of the Ministry of Oil addressed the Parliament on Wednesday 02/05/2018 and said:

On 27th April 2017 the PML-N government presented its last budget, for the fiscal year 2018-19. The ideological bankruptcy of Pakistan’s ruling elite was clear in both in the content of the budget, as well as in the politics surrounding it. On the one hand, the government made a great show of some tax cuts […]

In a dangerous precedent, drinking water has been cut off from large parts of Tunis. This has disrupted family life, disrupted the interests and work of hundreds of thousands of people and has made life more difficult.

On 17th April 2018, Tuesday, The Nati­onal Electric Power Regula­tory Authority (Nepra) found K-Electric at fault for the ongoing power crisis in Karachi and asked the government to increase gas quota for the power utility to ease public sufferings. The regulator reviewed the investigation report and decided to initiate legal proceedings against the power utility […]

Questions from: Hisham Jaawan: If I have an amount of money, do I have to compare it to the Nisab of gold or Nisab of silver … i.e., what is the Nisab of the local currency??? Mohammad Alissa: Is there Zakat on the real estate business? Said Ghorzi: There is another problem; is it permissible […]