All posts tagged: capitalism

Government is stealing the Hard-Earned Savings of the People by Printing Fresh Money without Real Asset backing; Only the Khilafah State’s Bimetallic Standard (Gold and Silver) can end Capitalism’s Monetary Hegemony

Bangladesh Bank created fresh money of more than Taka 500 billion in the July-December period in the name of budget support, the highest in recent history (The Business Standard, January 03, 2023), to compensate the money looted from the banks by the Capitalists elites. The default loans of the commercial banks have already reached Taka […]

The Prices of Goods Continue to Rise and Only the Islamic Economy Can Solve this Problem

Malaysia: The issue of supply and the increase in the price of eggs is still a hot topic at the moment. Earlier this month, the Agriculture and Food Security Minister, Mohamad Sabu, announced the new lower price of eggs. The Prime Minister, Datuk Seri Anwar Ibrahim also stressed on the government’s aim to reduce dependence […]

The Banking System is the Looting Machine of the Capitalist Ruling Elites; only the Khilafah State’s Treasury can protect the Hard-Earned Deposits of the People

Janata Bank and Islami Bank’s new loan scams have come to light soon after the incidents of the looting of Taka 95 billion from three banks by opening fake address and paper companies were revealed. On December 18, the Daily Star Newspaper published a report that in 2020, four big tycoons of the country took […]

Loans will Not Fix What Capitalism Has Ruined! How can Egypt Survive the Successive Saves of Loans and the Subsequent Inflation?

The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]

Compliance with IMF Prescription to Increase Fuel Price is only for the Survival of Hasina’s Corrupt Regime, but Suicidal for our Economy

Amid public suffering due to the price hike of essentials and hampering of industrial production due to the power crisis, the deceitful Hasina government has decided to increase the bulk electricity prices by 19.92% to Tk6.20 kWh from the previous price of Tk5.17 kWh in compliance with the prescription of International Monetary Fund (IMF).

Child Abuse is at an All-Time High in the Philippines, with the West as the Leading Consumer

The Philippines is the country with the highest production of child abuse material. Charities have estimated that 1 in 5 children are involved in some form of exploitation, and it is commonly the parents and relatives profiteering from the abuse. The lockdowns during the Pandemic left vulnerable children trapped with financially desperate adults. Many may […]

Q&A: US Congress Elections

Question: The Republican Party secured control, with a small majority, over the US House of Representatives which is made up of 435 seats. [“It won at least 218 seats, according to estimates by CBS News, the BBC partner in the United States.” (BBC, November 17, 2022)]. As for the Democrats, they celebrated [“Sunday that the […]

Josep Borrell’s Statements Reveal the Fragility of the European Union

European Union High Representative for Foreign Affairs and Security Policy, Josep Borrell, delivered a speech on Thursday, October 26, 2022, which included racist statements that “Europe is a garden and the rest of the world is a jungle.” He went on with him explaining what European countries should do. He said: “The bush can invade […]

Not the Heterodox Approaches, but the Economic System of Islam will Save Turkey

Nureddin Nebati, Minister of Treasury and Finance, who made an opening speech at the “Economic Transformation and New Paradigms Summit” hosted by the Ministry of Treasury and Finance, presented statements regarding the economy. Minister Nebati interpreted the economy by using eccentrical loanwords and used these statements: “The heterodox approach, which represents an epistemological break from […]

US Inflation Shock as Americans Keep Paying More for Food with nothing but the Prospect of Unemployment to Look Forward to if the Federal Reserve Policies are Successful

Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy.  Overall, prices have been essentially flat in our country these last two […]

The Institution of the Presidency and their Intellectual Defeat When Facing Hizb ut Tahrir

On Tuesday, 30/8/2022, a delegation from the Central Communications Committee of Hizb ut Tahrir / Wilayah of Tunisia, headed by Ustadh Yassin Bin Yahia, including members Ustadh Al-Habib El Madini and Mohammad Ali Bin Salim, visited the Tunisian Institute for Strategic Studies, which is the official institute under the supervision of the Presidency of the […]

Human Trafficking Under the Guise of Migrant Workers in Southeast Asia

The plight of Indonesian migrant workers in Cambodia was revealed in early August. In a virtual press conference entitled ‘Indonesian Migrant Workers Emergency in Cambodia’ organized by the Migrant Care, (August 1) “Those who do not reach their targets are trafficked, beaten and electrocuted. Passports were burned, no fines were paid,” From reports received by […]

The Aqaba Incident and the Loss of Innocent Lives is the responsibility of the ruling regime first

The day before yesterday, the Jordanian Minister of Interior announced the results of the investigation into the Aqaba incident, where 13 people died, last Monday, June 27, 2022, as a result of the leakage of toxic chlorine gas after a tanker fell in one of the ports of Aqaba and exploded, and dozens were injured, […]

At the Behest of the IMF, Pakistan’s Rulers Slow the Economy Down, Choking Business and Trade, To Conserve Dollars, Just to Pay Off Foreign Interest Based Debt!

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised interest rates by 1.5 % to 15 %. According to the SBP’s own press conference, the increase is to slow the economy down, whilst claiming that such demand contraction is a must, otherwise high growth is unstable, worsening inflation. Even after […]