All posts filed under: Economy

Why do you implement economic measures based on non-Islam?

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 […]

Capitalism Offers No Consistent Morals and Benefit is the Only Value Driving Decisions

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 […]

Female Workers in Southeast Asia Oil Palm Fields Continue to be Victims of Abuse Driven by Capitalism

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 […]

The Gas Crisis in Tunisia is a Creation of the Existing System

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 […]

The Transitional Government Continues to Humiliate and Impoverish the People of Sudan

 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 […]

“The wrongful tax collector will not enter paradise.”

«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 […]

Al-Mechichi Government Follows a Policy of collection and Handing over the Country to the Foreigner

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 […]

The Inflation Storm is a Gift of the Capitalist System, Implemented by both Democracy and Dictatorship

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 […]

Q&A: Gold and Silver are the only Two Currencies the Islamic State Should Adopt

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 […]

Capitalism has not Delivered a Solution to Long-Term Spiraling Inequality in the US

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 […]

Amendment to the 2020 Budget: Sudan’s Economy Continues to be Destroyed by Compliance to IMF

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 […]

Lebanon’s Economic Crisis

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 […]

The State Conspires with Social Security Funds in Agreement with the IMF to Deceive the People of Debt Reduction

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 […]

This is how the Houthis Plunder the People of Yemen for Six Years Instead of Lifting the Economic Burdens from their Shoulders

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 […]