President Recep Tayyip Erdogan spoke at the admission of the DEIK Executive Board. While criticizing the high interest, Erdogan emphasized financial discipline. Erdogan stated that he knows how the banks exploit the business world and said “We almost pride ourselves on sinking many of our companies. Whether they listen to me or not, I’m against […]
There is an ongoing discussion across the country concerning a big difference between politicians and other public servant’s salary scales. While politicians get paid high salaries and other lucrative benefits, workers are sacrificed by taking home a hand to mouth salaries with maximum tax deductions. (BBC Swahili 17/07/2020). Comment: This scenario cements the truth that […]
Member of the Supreme Political Council Sultan Al-Sami’i and Prime Minister Dr. Abdulaziz Saleh bin Habtoor participated in the economic symposium on “Islamic Banking during crises” organized yesterday in Sana’a by the Association of Yemeni Scholars and the Economic Observatory for Studies and Consultations in cooperation with the Yemeni Academy for Higher Studies (Al-Thawra Newspaper, […]
Transferring Them to the Private Sector for Profits, Both Endangers Public Interests and Compromises Public Rights The Bajwa-Imran regime of “change” has increased the prices of petroleum products by ten rupees within the last month, in three increments. Since September 2020, twice a month, people face a “petrol bomb” which raises the prices of food […]
All praise be to Allah (swt), Who created man and taught him knowledge through the pen, giving him knowledge of which he was not aware. Peace and blessings be on our Prophet ﷺ, who will intercede on our behalf on the Day of Judgment, beseeching Allah (swt) for our salvation from Hell. Peace be upon […]
The government’s ‘lopsided’ surveillance mechanism, the alleged sugar cartel and above all hoarding have caused around Rs20 per kilo increase in the price of the sweetener in the last 15 days alone, leaving the inflation-stricken people with no option but to buy the commodity at higher rates. (Dawn News)
Sixth round of talks with farmers ends; Union Agriculture Minister Narendra Singh Tomar says consensus on 2 out of 4 issues. After the talks, Tomar requested the farmer leaders to send home the elderly, women and children. [The Indian Express, 31 Dec 2020]
and the World at large from the Interest-based Debt Trap Kenya’s public debt has touched a high of Sh8.4 trillion and is quickly racing towards the Sh9 trillion ceiling as the government chalks up more borrowing in its fight against Covid-19. This is slightly over three-quarters of the country’s total economic output, technically known as […]
بسم الله الرحمن الرحيم In the modern era, some Western terminologies and labels have appeared in the life of Muslims. These terms are dressed up with Islamic garb, so as to make them acceptable to the Muslims masses until they receive welcome in their life, transactions, public and private relations. The Islamic garb is adorned […]
The farmers protest in India entered day 29 on Thursday and farmers have decided to continue their protests until the government repeals the contentious farm laws that aim to liberalise the agricultural economy. (Source: hindustantimes)
Because It Rules by Colonialist Democracy. It is Time for the Islamic Khilafah Now O Muslims of Pakistan! We are stuck in despair as the political choices presented to us by Democracy do not secure our Deen, life, wealth and sanctities, ensuring a bright future for our children. On the one hand, we want to […]
Vatican’s Roman Catholic Church headed by Pope Francis has announced its partnership with the Council for Inclusive Capitalism to address economic problems including wealth inequality and environmental degradation. [RT]
President Recep Tayyip Erdogan issued statements following the Presidential Cabinet Meeting at the Presidential Complex. Erdogan said, “We are struggling hard to overcome the pressures and costs of interest, inflation and exchange trivets on the Turkish economy. With our production diversity, logistical capabilities, strong supply chain, incentives and dynamic workforce, we are at a level […]
On the 2nd of November 2020, the BBC reported that the Indian government has initiated a campaign to promote the consumption of sugar in response to the excess sugar not sold by companies. The new pubic adverts and campaigns are employing scientists and dietitians to reverse the public’s current understanding that it is healthy to […]
Question: I noticed in the Q&A of the Ameer – May Allah protect him – regarding Zakat on joint money that it differs from what was stated in the book “Funds in the Khilafah State” regarding the Zakat on partnership in sheep, as it was mentioned in the Funds book as stated:
In an interview with the Business FM (BFM) station on the 16th November 2020, the Malaysian Deputy Minister of Youth and Sports, Wan Ahmad Fayhsal Wan Ahmad Kamal suggested that the monetary policy dubbed the “helicopter money policy” where the Central Bank directly creates money and gives it to the people for spending should be […]
The Associated Press (AP) reported on 19th November about the abuse and exploitation of women in the production of palm oil in Indonesia and Malaysia, such as receiving low wages, lack of health protection, and being subjected to inhuman workload and sexual abuse, including threats of rape. AP interviewed more than three dozen women and […]
So how can we expect the solution to come from it?! Many regions in all of the southeastern and southwestern states of Tunisia, up to the Governorate of Sfax, are witnessing a shortage of domestic gas cylinders, which is causing great harm to people, especially in these cold climates, to the extent that in 2020 […]
but Never Brings Real Prosperity and Progress Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh tweeted on Thursday 19th November 2020, that “PTI government inherited a current account deficit of $19.2B, we reduced it to $3B in last fiscal year & now a surplus of $1.2B this year with fourth […]
Questions: Question by Amel Ht: Assalamu Alaikum wa Rahmatullahi wa Barakatuh, May Allah bless your efforts and make the Ummah benefit from you, our eminent Ameer, and support you with victory, empowerment, and make this in the scale of your good deeds, InshaAllah. I have a question if you allow me. My question: Is there […]
through Raising Fuel Prices by more than 400% in response to IMF Dictates! The Minister of Energy and Mining-Designate Khairy Abdel Rahman Khairy announced in a press conference the start of the liberalization of fuel prices, “oil and gasoline”, from Tuesday evening. And he said that the price of a liter of imported oil is […]
«لَا يَدْخُلُ الْجَنَّةَ صَاحِبُ مَكْسٍ» “The wrongful tax collector will not enter paradise.” (Abu Dawood) Abu Dawud reported in his Sunan, Abdullah bin Muhammed bin Nufaiyli narrated, on the authority of Muhammed bin Salama, on the authority of Muhammed bin Ishaq, on the authority of Yazid bin Abi Habib on the authority of Abdur Rahman […]
The Financial Action Task Force (FATF) has found that Pakistan has successfully complied with 21 out of 27 points of action and decided to keep the country on its ‘grey list’ until February 2021, the watchdog’s president said on Friday. (Source: Dawn)
In his first television interview on Sunday, October 18, 2020, Prime Minister Hisham Al-Mechichi said that the deficit in the fiscal budget for the year 2020 has reached 14 percent, and that the mobilization of financial resources for the 2021 budget will be done through the continuation of fiscal reform and borrowing from donors, On […]
Severe inflation has struck Pakistan for the last two years, intensifying in recent days. Flour, lentils, fruit, vegetables, eggs, meat, milk, electricity and gas bills and school fees are almost out of reach for much of the population. The Bajwa-Imran regime as usual is undertaking optics without any change on the ground, such as grand […]
The poor are getting poorer while the rich are getting richer. This is despite the tumultuous times we live in, where the economies of the world have caused and are still causing recessions and depressions.
In a move that reveals the agency of the rulers of Sudan, their blind obedience to the International Monetary Fund (IMF) and the World Bank, and their betrayal of the people of Sudan, as they strive to create poverty, kill more poor people, and follow the footsteps of the former regime, in implementing the shock […]
In a big speech in Shenzhen on 14 October 2020, Chinese premier Xi Xinping commemorated the 40th anniversary of China’s first-ever special economic zone (SEZ) which was a key aspect of China’s open and reform strategy. “We’re experiencing a transformation the likes of which hasn’t happened for a century,” Xi said in the Southern city […]
Question: Assalamu alaykom wa rahmatullah wa barakatuhu, May Allah (swt) bless and protect you our Shaykh… Question: Some thinkers in our country, Indonesia, refuse to return to the use of gold and silver currencies, and say that Shari’ah does not dictate that specific money be used, using the evidence that Umar ibn al-Khattab intended to […]
Politico published an article on the 7th of September demonstrating the growing gap between rich and poor in the US: “‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles.” Following the recession catalyzed by the Covid-19 pandemic, “the path toward economic recovery in the U.S. has become sharply divided, with […]
