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 […]
On Sunday, 09/08/2020 CE, the Interim Legislative Council, the Sovereignty Council and Council of Ministers, passed an amendment to the general budget, which would increase subsidies on hydrocarbons by 75%, electricity by 41%, along with a gradual floatation of the exchange rate; starting with the calculation of foreign grants and loans at a rate of […]
Question: Assalamu Alaikum, We know that Murabaha as a concept is permissible according to Sharia, but I believe that the current reality of Murabaha in Islamic banks is contrary to the Sharia, especially with our people here in Palestine, where the customer specifies the commodity with the merchant and agrees with him on the price […]
The current economic crisis in Lebanon has exposed the venality of the despicable politicians, hyperinflationary prices, and rampant foreign imperial exploitation. Besides the clear exposure of the current system, foreign powers and their surrogates are trying their level best to lead the country towards the same political and economic reforms, which destroyed the country in […]
President Recep Tayyip Erdoğan announced his promised “great news”. Hailing that these 320 billion cubic meters (bcm) are Turkey’s biggest natural gas find to date, he also stated the following:
Finance Minister Mohamad Al-Ississ said that the ministry, in agreement with the International Monetary Fund in the latest program with the Kingdom, will adopt the (general government) debt index and adopt it in the future when calculating the debt ratio of the GDP, so that the concept of general government debt will consider the debt from […]
Recently the World Bank classified Tanzania as among seven countries that moved to the status of lower middle-income category, while three others went down in their economic status for 2019.
Question: Assalamu Alaikum wa Rahmatullah wa Barakatuhu, Topic: Is Zakat an individual ‘Ibadah? Our honorable Ameer, noble sheikh… May Allah help you, grant you success, and aid you with Ansar (supporters) like the Aws and Khazraj…
The Houthis entered Sanaa on 09/21/2014 and raised the price of a petrol tank (20 liters) from 4000 riyals to 7500 riyals, diesel from 3900 riyals to 7500, and a gas cylinder from 1200 riyals to 4000 riyals, at the time, the global price of a barrel of Brent crude on the Stock Exchange was […]
A proposal on revenue sharing among counties that would favour densely populated regions has caused a big division in the Senate. The failure by the Senate to agree on the third basis of revenue sharing formula has consequently thrown counties deeper into financial crisis as it will now take longer for the devolved units to […]
Prime Minister Imran Khan on 27 July 2020 directed the chief secretaries to accelerate action against elements involved in wheat hoarding which have resulted in shortages and price rises. He asked that through mutual consultation, they should evolve a mechanism for bringing uniformity in prices of wheat and flour throughout the country. The rulers of […]
proves that Sheikh Hasina did not fail to serve the Interests of America-India though she failed to protect the Livelihood of the People The first trial run of Indian ship with transshipment goods have reached India’s landlocked states in its north-eastern region by using Bangladesh’s Chittagong port as part of the 2018 Coastal Shipping Agreement.
Question: Assalamu alaykom wa rahmatullah wa barakatuhu, My question to you, my sheikh, is that car dealers and car shows when selling the car to the customer in installments, they do not waive it except when cashing the last cheque. Is it permissible to buy in this way? From Mahmoud Natour
Nothing out-of-the-box has emerged, a week after Pakistan’s Prime Minister, Imran Khan, stressed the need for “out-of-the-box solutions” for economic progress, whilst presiding a meeting of a think-tank he established for the economy on 11 July 20202.
Modern-day slavery is not new, it has been happening in UK cities for years, and around the world. In fact, it is estimated that there are at least 40.3 million people worldwide are currently in enslaved, which is more than those exploited by the transatlantic slave trade. (Independent, 7/7/2020)
Struck by the Coronavirus disease pandemic, the heart of Pakistan’s economy, Karachi, has been crushed by the power sector. Whenever summer peaks, K-Electric starts cutting electricity supply, whilst overbilling breaks the backs of the people. In 2005, the privatization drive that gave rise to K-Electric was touted as reducing the burden of losses on the […]
Question: Bismillah Ar-Rahman Ar-Raheem One of the brothers embarrassed me with a question which I think he is right with, despite my attempt to explain the situation we are living in, but he is not yet convinced. The question pertains to the salary taken in work presented in the public office in this capitalist system, […]
By following the Suicidal Economic Policy to downsize Bangladesh’s Highly Potential Jute Industry Just when the economy has been devastated and millions of worker have become unemployed due to blindly following the erroneous policies of the West by implementing prolonged nationwide lockdown in dealing with Covid-19, Sheikh Hasina’s treacherous regime has hammered the final nail […]