The semi-annual review report of the State Bank of Pakistan, published on 18 September 2023, revealed that the profit of the banks was 126 billion rupees in the first half of previous year. It has increased to more than double, to 284 billion rupees in the first half of this year. The main reason for […]
On 30/8/2023, a group of officers from the army, presidential guard, and security forces in Gabon announced the seizure of power, and placed Gabonese President Ali Bongo under house arrest, hours after the Electoral Commission announced that he had won a third term. It announced the cancellation of elections, the dissolution of state institutions, and […]
A commentary published in the conservative Heritage Foundation on the 11th of August was titled “Default by Another Name: Why U.S. Debt Deserved a Downgrade.”
In the year 2023, as reported on the website ftdes.net on July 31, 2023, the following statistics were recorded: – The number of casualties of irregular migration on Tunisian coasts reached 903 victims and missing individuals.
In his speech at Beştepe, President Recep Tayyip Erdoğan said, “Turkey has entered a new path with the closing of the polls and the announcement of the results. God willing, the Century of Turkey has begun and the doors of the period of our country’s rise to prominence have been opened. With our new Cabinet, […]
The government’s major concerns in finalizing the FY24 budget are limited revenue income and compliance with IMF loan requirements. The record budget of Taka 7617.85 billion has a record deficit of Taka 2578.85 billion when foreign funding and loans are factored in. To meet the massive spending, a total revenue target of Taka 5039 billion […]
With the discussion of De-Dollarization, comes one of alternatives currency options. We know that the dollar will not be replaced in this system, even if countries begin to move away from the dollar to other currencies in an attempt to decrease their reliance on US currency. So, the other option is the Gold Standard. We […]
Details: Finland Formally Joins NATO US Discusses Sanctions Relief for Iran BRICS Common Currency Soon? Finland Formally Joins NATO
A delegation from Hizb ut Tahrir in the Wilayah of Yemen, headed by Brother Abdullah Al-Qadi and with the membership of both Eng. Shafiq Khamis and Brother Muhsin Al-Ja’dabi, visited the Economic Adviser of the Supreme Political Council, Dr. Abdul Aziz Al-Tarab, in his office at his workplace.
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 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 […]
Today (26th September 2022), the value of Malaysian Ringgit (RM) slumped to the lowest level ever recorded since the 1997 financial crisis where the exchange rate of 1 USD is now equivalent to RM4.60. The depreciation RM occurred as many investors turned to safer currencies due to the uncertain global economic outlook. Economists blamed the […]
The PDM government is facing intense public anger due to the severe currency crisis, and the resulting inflationary storm. To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee. However, this step […]
Question: Praise be to Allah, and prayers and peace be upon our master Ahmad. Assalam Alaikum Wa Rahmatullah Wa Barakatuh. I am from Palestine and there is someone who searches for precious metals in the land of others. If he finds Ottoman finds that were hidden by the Ottoman Empire in 1916 and he cannot […]
The country wide debate, from the masses to the people of power, has widened from the crash of the Rupee before the US dollar, and the use of Pakistan’s air space for American drones, to how Pakistan can become truly independent, whilst we bear grave losses to our economy, education, health and security. The long […]
In a positive development, a debate has erupted over Islam’s ruling regarding adopting gold and silver as currency of the Khilafah, as a solution to the high inflation, which the Muslims of Pakistan face today. The debate has spread from those who advocate Islam, in support of gold and silver currency, to include those who […]
On the 101st painful anniversary of the demolition of the Khilafah (Caliphate), and with the intensification of efforts to reestablish it, so that Muslims can enjoy the heights of glory under it, and regain their lost pride, humiliated dignity and leadership for humanity, Hizb ut Tahrir is holding its annual conference in the Wilayah of […]
The Khilafah Alone Will Build an Independent Economy through Islamic Policies. An independent nation can never be born of slavery-based economic structures, policies and regimes. What is the result of seventy years of enslaving, democratic, capitalist policies? When the international price of oil rises, the economy begins to falter, sputter and stall. When the US […]
Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. I ask Allah that you are well and in good health. What is the ruling on giving sadaqat Al-Fitr and Kaffara (expiations), such as an atonement for an oath and zihaar, in monetary value? Can the money be given as the allocation given by Allah in the expiation […]
Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. Since the six categories that were mentioned in usury were fixed names, and when paper currency took the rule of gold and silver when they were covered with gold and silver, the ruling was clear, now paper currency does not have a gold or silver cover, so does […]
Like other currencies, the Dollar, the Pound and the Franc, originally, the Rupee was backed by real tangible wealth in the form of a precious metal. In the case of the Dollar, it was gold, in the case of the Rupee it was silver. This system stabilized the value of the monetary unit both internally […]
As part of Hizb ut Tahrir/ Wilayah of Lebanon’s campaign to raise awareness of the dangers of joining the International Monetary Fund system, which the Lebanese authority adopts, and the current government’s program towards the IMF, elections and demarcation of borders leading to normalization with the Jewish entity, a Hizb delegation in Wilayah of Lebanon […]
The Islamic Emirate held the Afghanistan Economic Conference in which representatives of 20 countries attended in person while 40 others joined online. This conference was aimed at assessing the economic problems of Afghanistan in different arenas in order to figure out appropriate solutions to the problems.
Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]
A central pillar of IMF’s bailout package is the devaluation of the rupee, which is intended to increase exports in return for foreign exchange. As usual, the economic models employed by the IMF seem not to have accounted for a global currency war and this is likely to derail IMF’s effort to plug Pakistan’s eternal […]
