This is a short video outlining the current financial crisis and some of the principles of the Islamic economic system that would prevent such an event occuring in the Khilafah.
For further explanation of this crisis from an Islamic perspective please visit the new Financial Crisis website.
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Fahmida Farhana Khanam, BD
said:
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In the holy Quran Allah subhanuwata'la compares the system of Kufr with "Baitul Ankaboot" that means the spider's house. And He said in sura Ankaboot,"The parable of those who take protectors other than Allah is that of the Spider, who builds a house, but truly the flimsiest of houses is the Spider's house. If they but knew." (sura Ankaboot:41). So, the economic system of Capitalism is meant for destruction. In fact what do we expect from an economy which is based on interest, inflated by excessive greed? Where gambling becomes a normal practice just to make huge profit out of nothing? And now this is our turn to present the world the most just and stable economic system - The Economic System of Islam. InshaAllah, soon the people of the world will witness how Islamic Economic system will eleminate poverty from the world, eleminate huge disparity between the rich and poor and solve the problems of the world which are artificially created. |
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