It is not corruption alone that caused the current, massive economic crisis. The guidelines of the colonialist tool, the IMF, benefit the foreign, colonialist powers and their local partners, the corrupt within Pakistan’s leadership at the cost of our economy.
The IMF guideline of devaluation of the Rupee prevents us from challenging the colonialist powers economically, because it unleashes massive inflation, crippling the ability of our local industry and agriculture to produce.
The IMF guideline of increasing privatization allows the foreign colonialist companies and the local corrupt leadership to own our large sources of revenues, such as those in the gas and electricity.
The IMF guideline of increasing energy tariffs allows the foreign and local owners of gas and electricity to ensure profits, whilst further crippling our local industry and agriculture.
The IMF guideline of increasing taxation chokes local buying and selling which is yet another huge blow to our agriculture and industry.
RasulAllah (saaw) said, «لاَ ضَرَرَ وَلاَ ضِرَارَ» “There should be neither harming nor reciprocating harm.” [Muwatta Ibn Malik, Ibn Majah].
The Khilafah will firmly reject the IMF, its membership, its loans, interest payments and harmful guidelines that are breaking our backs.
The Khilafah will implement the Islamic ruling for energy and minerals, which is that they are a public property, supervised by the state to ensure its entire benefit is for all the people’s needs and not for a few, after privatization.
The Khilafah will implement the Islamic rulings on revenue generation, such as Zakah on trading merchandise and Kharaaj on agricultural land, whilst abolishing oppressive taxation, such as GST and income tax.
And the Khilafah will implement the Islamic ruling on the excessive increase in personal wealth of the rulers during ruling, which is to seize the ill-gotten wealth and put it in the state treasury.
Rajab Al-Haram 1440 AH – March 2019 CE