All posts tagged: debt

FB Q&A: Sadaqat Al-Fitr and Kafara (Expiations) in Monetary value

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 […]

Re-Establish Khilafah (Caliphate) to End the Curse of Riba (Interest) Overnight, Averting a Declaration of War from Allah (swt) and His Messenger (saw) and Crippling Debt

Democracy’s judiciary will move at lightning speed to secure verdicts that favor the enemies of the Islamic Ummah, including the release of Raymond Davis and clemency for Kulbhushan Jadhav. However, Democracy’s judiciary drags its heels when it comes to the commands and prohibitions of Allah (swt) and His Messenger (saw). The Federal Shariat Court (FSC) […]

The Prime Minister of the Regime in Jordan Wrongs and Misleads

Surely Exorbitant Debt, Unemployment and Poverty are Bankruptcy in Itself Prime Minister Bisher Al-Khasawneh said during a discussion session in the House of Representatives on Monday, 04/18/2022, that “Jordan is resilient and far from bankruptcy, according to the testimony of the World Bank,” adding that “international credit rating agencies have confirmed Jordan’s credit rating at […]

Imran Khan’s Address Confirms the Global Failure of the Capitalist Economic System, From Which Only the Khilafah Provides Escape

Imran Khan lamented that the whole world, including Pakistan, is facing a storm of inflation. This is due to the exploitative system of the international economic order. However, his desperate pre-election appeal was devoid of alternatives to capitalism, blaming previous governments for catastrophic economic management. As for the economic relief he announced, it will increase […]

Lebanon: Campaign Against Borrowing from the International Monetary Fund

As part of Hizb ut Tahrir’s campaign in Wilayah of Lebanon to raise awareness of the dangers of the Lebanese authority’s embarking on the project of borrowing from the International Monetary Fund, claiming it is to bridge the deficit and the state’s debt, which amounted to nearly $100 billion or more, with a loan of […]

Hatay (Turkey): Intensive Seminar “In Search of Islamic Solutions for the Economic Crisis”

Within the scope of series of conferences and seminars organized by Hizb ut Tahrir / Wilayah Turkey under the title, “The Islamic Solutions for the Economic Crisis”, representatives from political parties, non-governmental organizations, local media, and educators gathered in Hatay (Antakya).

The Ruling Authority in Lebanon Insists on Its War Against Allah (swt) and His Messenger (saw)

The ruling authority in Lebanon still insists on following the path of usurious borrowing from the International Monetary Fund (IMF) and the World Bank. Bringing Lebanon and its people under economic colonialism, by the IMF and the World Bank, and behind them America, which owns the largest share in them! This is despite the fact […]

Pakistan’s Economic Miseries Resulting from IMF Dictates, will only End Through a Khilafah, Abiding to the Commands and Prohibitions of Allah (swt) and His Messenger (saw)

The National Assembly on Thursday, 13th January 2022, passed the controversial Finance (Supplementary) Bill, known as the “mini-budget,” along with the State Bank of Pakistan (Amendment) Bill 2021, during a prolonged session, amidst fierce objection from the opposition benches. The Finance Bill and the SBP bill, both tabled on 30 December 2021, are necessary to […]

Interest Based Debts Extended to Us by Colonialist Powers and their Tools Only Ensure Our Economy Sinks in Debt, Not Progress

On 9 January 2022, the embattled Sri Lankan President, Gotabaya Rajapaksa, during a meeting with the Chinese Foreign Minister, Wang Yi in Colombo, requested the lightening of interest-based debt repayments to China. Over the last decade China has lent Sri Lanka over $5 billion for highways, ports, an airport and a coal power plant, as […]

Turkey Press Conference: “Islamic Solutions to Economic Crisis in Ten Points!”

Hizb ut Tahrir in Wilayah Turkey organized a press conference entitled, “Islamic Solutions to the Economic Crisis in Ten Points!” Ustaadh Hakki Eran, Ust. Mehmet Hanafi Yagmur, Ust. Musa Beyoglu, Ust. Suleyman Ugurlu, Ust. Mahmut Kar, Head of the Media Office of Hizb ut Tahrir in Wilayah Turkey, where they outlined in ten points the […]

In the Parliamentary Elections Bazaar Political Wrangling and Sending the Country in a State of Decline

While the fall of the lira touched the threshold of thirty thousand liras per dollar, and with the outrageous high prices in all aspects of life, the collapse of the purchasing power of the lira to the limits of 95% of its value, and the salaries of the employees that became even less than subsistence, […]

The President’s Finance Law Emanates from the Same Source as the Former Regime

On Tuesday, 28/12/2021, Minister of Finance, Siham Boughediri Namsiyah announced during a press conference on the government’s budget for the year 2022, which was issued by a presidential decree that included the chapters of the Finance Law for the year 2022, she estimated the deficit at 8.548 billion dinars. She said, “The Tunisian state will […]

Subject to the Dictates of the IMF, the Government Raises Electricity Prices by 600%, And Turns a Blind Eye to the Increase in Bread Prices that also Reached 600%

People in Sudan were surprised by an undisclosed increase in electricity prices as of Saturday 01/01/2022, which amounted to about 600%, as the price of one kilowatt was eighty piasters, and the new price became five pounds. Likewise, about a month ago, the so-called subsidized bread flour stopped working in bakeries, and a piece of […]

Capitalism Only Increases Misery, While Islam Increases Tranquility

All the world’s economies follow the capitalist ideology with its secular foundation, either because its people have adopted it, as is the case in the West, or as the majority case elsewhere, because the wealthy Western colonialists have imposed it through their agents, whether dictators, kings, prime ministers, generals and emirs. With such dominance over […]

You are not Powerless! Islam is the Only Direction to Solve All Crises

Over the past two months, Turkey was going through a major economic crisis. The Turkish lira is constantly declining day by day. Although Wednesday heralds the arrival of Thursday, yet the wrong policies that were implemented over the years are waving an invitation to usher crises. Although the exchange rate has also increased, officials are […]

Q&A: The Turkish Lira Falls to its Lowest Level And its Implications on the Presidential Elections in 2023

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 […]

The International Economic Order Prevents the Rise of the Islamic Ummah as an Economic Power!

Pakistan’s rulers use the US dollar for international trade, in obedience to the colonialist IMF. Amidst a shortage of dollars, the rulers also take interest-based loans in dollars to finance our economy. The Rupee weakens against the dollar, unleashing back-breaking inflation, whilst Pakistan is plunged into an ever growing, interest-based debt. In the Khilafah, the […]

As Long as the Pakistani Rupee is Not Linked to Gold and Silver, It Will Continue to be Devalued, Drowning Us in Back-Breaking Inflation

The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]

Taxation under the Capitalist Economic System is Oppressively Regressive, Breaking the Backs of the Needy and Indebted

The revenue target for the next financial year, 2021-22, is targeted at Rs. 5.829 trillion, compared to Rs 4.691 trillion for the closing financial year, 2020-21, showing an overall increase of Rs1.138tr (24 percent). This is whilst the IMF has set a target of Rs 10 trillion for 2024-2025.

Q&A: The Prayer that a Muslim Has Not Performed is a Debt on His Neck that Must be Made up

Question: Assalam Alaikum wa Rahmatu Allahi wa Barakatuh After Greetings: I came across your page recently, by the help of a friend from the members of Hizb ut Tahrir. I was impressed by your enlightenment in the presentation and the strength of the argument, especially the answers to the jurisprudential questions.