بسم الله الرحمن الرحيم
Question:
We know that at the beginning of the Economic crisis in America the Dollar fell significantly with respect to the Euro. However we noticed in recent days that the value of the Dollar with respect to the Euro has risen, whilst the Economic crisis is still at its peak in America. What has caused this rise given this reality?
In our books we find the hadith, "The Muslims are partners in three..." as well as the hadith, "The people are partners in three..." In light of this, the question is a...
When it is said that luxury (Taraf) is Haram it does not mean the life of ease is Haram, it rather means that arrogance which results from the easy use of wealth is Hara...
Whilst many have been looking at the prospect of global economic recovery, Dubai sent investors into a tailspin in December 2009 when the government revealed that it pl...
Open up the pages of any newspaper or Financial Magazine and you are guaranteed to find advertisements from banks announcing their latest Islamic finance products. Once p...
Global finance today dominates the world economy. Western economies are characterised with financial sectors which generate billions for the economy. Stock Markets, multi...
Tax is one of the very few aspects of life which are certain alongside death according to the well known saying. Taxation is the system states use to raise money to finan...
Whilst the Western world has managed to achieve phenomenal development since the industrial revolution the Muslim world on the other hand lags far behind. The Muslim worl...
President Harry Truman of the US, in his inaugural speech in 1949 encapsulated development: "Greater production is the key to prosperity and peace. And the key to greater...
Barack Obama in an article for the Washington Post laid out the economic challenges the world's largest economy faces: "By now, it's clear to everyone that we have inheri...
As the world drifts into a global recession the US which dominated the global economic scene in the post World War II era has begun to lose its post World War II economic...
In a statement made to a congressional committee on April 3, 2008, the Chairman of the Federal Reserve Bernanke said that "if Bear Stearns had been allowed to fail, it wo...
The collapse of the Soviet Union in 1990 was heralded as a landmark event in history; it was considered the wholesale rejection of a way of life and end of Communism. The...
This Ramadan Muslims all over the world will choose this blessed month to fulfil the Islamic duty of paying their Zakat. For nearly 14 centuries Muslims have continued ...
Abdul-Kareem
The Khilafah's currency is based on the gold and silver standards where the coins and notes in circulation are 100% backed by gold and silver. Islam did...
Adnan Khan, Economics Correspondent
"The rise of "sovereign wealth funds" signals the end of the neo-liberal model and challenges western states and f...
In part one, the causes of the fragility of the financial markets were analysed and its impact on wider economy. However in any system businessmen, companies and bank...
Industrialisation can be defined as when an economy is geared around manufacturing and this then acts as a stimulus to other sectors of the economy. An example of this ...
The Muslim world today languishes in economic decline. Whilst the
economies of the West are stable, prosperous and able to provide for
the basic needs of the majority o...
Islam recognised that humans will undertake a number of actions to
survive. These range from the buying of food, taking ownership of
property, selling goods, investme...
