All posts tagged: debt

The Reason for the High Prices of Electricity and Natural Gas is Capitalist Policies

The Turkish Energy Market Regulatory Authority (EPDK) announced an increase in electricity tariffs for residential subscription groups by 20%, and for industrial subscription groups by 50%. Meanwhile, Turkish Petroleum Pipelines Corporation (BOTAŞ) announced a 20.4% increase in the residential subscription natural gas tariff and a 50.8% increase in the industrial subscription natural gas tariff. Thus, […]

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 […]

Tunisia: Annual Khilafah Conference 2022: The Economic Vision of Hizb ut Tahrir

The world of today is still living on the impact of renewed economic crises, but it continues to be relieved of bad treatments and their distance from the serious issue of the economy, especially in light of the control of the global capitalist system and its global banks and funds in the paths of countries, […]

Pakistan’s Economy is Crashing!

Pakistan’s economy is crashing due to international trade based on the dollar, debt with interest (riba) and expensive oil and machinery imports. Islam establishes all trade on gold and silver, ending dollar hegemony. Islam abolishes interest (riba), ending the debt trap. Islam obliges substantial domestic heavy industry to ensure independent, powerful armies. The Khilafah will […]

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 […]