Islamic Revenues after Abolishing Oppressive Capitalist Taxation
Budget FBR tax target for 2019-2020: Rs. 5,550 billion
Sales Tax: Rs 2108 billion
Income Tax: Rs 2073 billion
Customs Duties: Rs. 1,000 billion
IMF insists on increases in oppressive man-made taxation upon whom not even Zakah is due and are instead deserving of it. They seize from the private property of the people without right from Islam.
RasulAllah (saaw) said, كُلُّ الْمُسْلِمِ عَلَى الْمُسْلِمِ حَرَامٌ دَمُهُ وَمَالُهُ وَعِرْضُهُ “Every Muslim’s blood, property and honor are unlawful to be violated by another Muslim.” [Muslim]
In Islam, revenues are generated from the one who is financially capable, such as Zakah from the one who owns trading merchandise and Kharaj from the one who owns agricultural land.
The Khilafah will generate plentiful revenues for the state by its dominance of the capital intensive industries, such as large scale manufacturing, telecommunications and construction.
The Khilafah that will ensure revenue generated from the energy sector and minerals is spent upon the entire public, as they are public property in Islam that cannot be privatized.
Thursday, 24 Shawwal 1440 AH – 27 June 2019 CE