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 not leave any question unanswered, especially questions concerning the complexities of economic life. The Shari'ah has therefore defined the Islamic currency as gold dinars and silver dirhams along with their corresponding weights in gold or silver. The Shari'ah rules related to money such as zakat, blood money (diyah) and hoarding all specify values in gold and silver.[1]

Adnan Khan, Economics Correspondent

"The rise of "sovereign wealth funds" signals the end of the neo-liberal model and challenges western states and financial institutions to develop a coherent and long-term response"

Free market ideologues have a new obsession - ‘sovereign wealth funds,' those state-backed investment bodies whose accumulating assets are roaming the globe in search of businesses to invest in, partner and in some cases achieve political ends.

Such funds continue to accumulate huge wealth especially with the recent skyrocketing oil prices, but they hit the headlines with the collapse of the US housing market. In January 2008 the governments of Singapore, Kuwait and South Korea provided the $21 billion lifeline to Citigroup and Merrill Lynch, two banks that have lost fortunes in America's credit crisis. It was not the first time either was bailed out by them. Since the sub-prime-mortgage fiasco unfolded in the summer of 2007, such funds have gambled almost $69 billion on acquiring the rich world's biggest investment banks (far more than usually goes the other way in an emerging-markets crisis). With as much as $2.9 trillion to invest, the funds' horizons go beyond finance to telecoms and technology companies, casino operators, even aerospace. But it is in banking where they have arrived most spectacularly. They have deftly played the role of saviour just when Western banks have been exposed as the Achilles heel of the global financial system.

The Khilafah is a common leadership for all the Muslims in the world. The Muslim lands, where the future Khilafah will be re-established over, covers a huge area from Spain in the west all the way to Indonesia in the East.

The Khilafah is a unitary state not a federal state. Governing any state, especially one as large as the future Khilafah, cannot be done by one person from a central point. Ruling in the Khilafah is centralised in the hands of the Khaleefah, who then devolves his powers to various assistants (Mu'awinoon) and governors (Wulah) in order to practically manage people's affairs.

The weakening US dollar is not a phenomenon restricted to its borders as its effects are being felt the world over. The fiat currency has insured that America will not suffer in isolation but rather ensure that its grip on power is firmly held in place. Allah (swt) has commanded that the Khilafah adopt the bimetallic standard. Only through the complete implementation of Islam will mankind be removed from the injustice and oppression of man-made systems.

The past few weeks have increasingly seen disturbing headlines being made by the soaring cost of basic food commodities and subsequent ‘food riots' in many countries around the world. The price of wheat alone has increased an astonishing 120% in the last year, with the price of rice increasing by 75% in the last two months alone. The World Bank has warned that these price levels will be maintained until the year 2015. Many poor people around the world who already spend most of their disposable incomes on food are suddenly finding it impossible just to feed themselves. With riots and protests seen as far as wide from Haiti to Indonesia, the lack of food has the potential to create geo-political upheaval.

‘Jihad’ is extracted from the source, ‘Jaahada’ and it measured upon the fourth verb structure, which means interaction between two sides, al-Mufa’ala. Another example is ‘Al-Khisaam’ which means to quarrel and is extracted from its roots source – Khaasama. Also, there is the example of ‘Jidaal’, which means to discuss or to argue and is taken from the root source ‘Jaadala’.

بسم الله الرحمن الرحيم

Introduction

As the propaganda war against Islam intensifies, the personality and conduct of our beloved Messenger صلى الله عليه وآله وسلم is coming under increasing scrutiny and attack from the kuffar. One area of focus for them is the marriages of the Messenger of Allah صلى الله عليه وآله وسلم.

The following discussion is based on a translation of the chapter ‘The Prophet’s Marriages’ from the book ‘The Social System in Islam’ by Sheikh Taqiudeen an-Nabhani. The book can be downloaded in Arabic from here and English from here.

The following discussion is based on a translation of two chapters from the fourth edition of the Arabic book Shakhsiya Islamiyya (Islamic Personality) volume 2 by Sheikh Taqiuddin an-Nabhani. The full Arabic book can be downloaded here.

Slavery existed for thousands of years before Islam. When Islam came the sharia addressed the reality of slavery that was prevalent at the time by bringing new legislation on the treatment of slaves that aimed at raising their status and eventually their freedom.

Although nowadays there are no sharia circumstances where slavery can return, the issue of Islam and slavery is the subject of much misunderstanding and propaganda by the enemies of Islam. Some even go as far as believing a future Khilafah would re-introduce slavery to the world.

The following discussion will address the issue of Islam and slavery in detail from the sharia evidences and refute the idea that a future Khilafah would re-introduce slavery.