Nussrah Magazine Issue 74
Nussrah Magazine Issue 74 Safar / Rabi’ al Awwal 1445 AH – September / October 2023 CE Click link to download
All posts tagged: dollar
The Khilafah Alone Can Solve the Continuous Crisis of Financial Shortages in the Economy of Pakistan
Successive Pakistani governments have consistently faced the challenge of fiscal deficits. It means the state is continuously short of resources to spend on the people. This shortage of resources faced by the state is the direct consequence of the economic governance structures implemented in the country. Pakistan’s ruling elite implements the capitalist economic model in […]
Will the Gold Standard be an Alternative to the Dollar?
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 […]
“Economy First” is a Fraud Used by Rulers to Validate their Inaction
On 26 May 2023, Pakistan’s Finance Minister informed the US Ambassador about plans related to revenues and expenditures, for meeting international financial obligations. Having received approval from their master, Pakistan’s rulers are now preparing another colonialist budget, which will further weaken our economy. Moreover, when the rulers are asked about the issues faced by the […]
Is Europe Becoming America’s New Middle East?
Last week, French President Macron shocked many in the US by appearing to side with China against the US during meetings with President Xi. Macron has been the most outspoken, but he is only one of many world leaders to visit China recently. CNN reported on the 14th of April that: “Since late last month […]
News Review 04/05/2023
Details: Finland Formally Joins NATO US Discusses Sanctions Relief for Iran BRICS Common Currency Soon? Finland Formally Joins NATO
The American Occupier is the De Facto Ruler of Iraq
Since the fall of Baghdad in the hands of the American occupation on April 9, 2003, and until now, it is still the de facto ruler of the country. It drew the political map of the country, set broad outlines, imposed its political system and ominous constitution, and even intervened in the minute details, as […]
O People of Kinana: Your Patience is Humiliation and your Silence is a Crime What Happens after the Successive Waves of Flotation?!
On Thursday morning, October 27, 2022, the Central Bank of Egypt raised interest rates by 200 basis points, during an exceptional meeting, so that the rate of return for deposit and lending overnight became 13.25 percent and 14.25 percent, respectively, and the Central statement included an important paragraph in which it said that: “Reform measures […]
Political Chats Q&A 31st Oct 2022
1- The questioner asks: Is it possible to conclude an agreement like the Kennedy and Khrushchev agreement in 1961, which America concludes one with China? Can we say this? Especially since China as a global economic power has become the number one threat to US power? Also, what does America’s threat to China in Taiwan […]
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 […]
The Rupee’s Peg to the Dollar, Ensures that it Depreciates. In Islam, Currency Based on Gold and Silver Will Save Pakistan and the Muslim World from Dollar Slavery
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 […]
Adopting Gold and Silver as the Basis of the Khilafah’s Currency is a Shariah Ruling, Which Will Bring Price Stability and End the Menace of Rampant Inflation
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 […]
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, […]
The Khilafah State Will Bury the Global Capitalist Order, that Ruins Economies
The Pakistani currency touched a critical threshold of Rs 200 in the open market against the US dollar during intraday trading on Wednesday, 18th May 2022, mainly due to the country’s depleting foreign exchange reserves and high imports, whilst drowning the people in inflation.
News Headlines 20/05/2022
Headlines: * NATO: Turkey Blocks Early Talks on Finland and Sweden Joining * US Withdrawal Triggered Catastrophic Defeat of Afghan forces, Damning Watchdog Report Finds * Meteoric Dollar Shatters All Records, Closes at Rs200
The Constant Inflation is Due to Currencies that Lose their Value Constantly, as They are not Based on Gold and Silver
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 […]
The Demise of the Dollar?
There continues to be much talk of the dollar’s demise and over the last decade, a number of challengers have emerged to lay claim to the dollar’s dominant position. With the rise of China, many consider China to be in pole position to replace the US dollar. The dollar has played a central role in […]
The Western Economic Order Ensures Dollar Hegemony
Nothing Less than the Sound Economic Policies of the Khilafah Will End Inflation The Muslims of Pakistan are crushed by waves of back-breaking inflation as the Rupee crumbles before the dollar. Household budgets for many are stretched to provide just two meals a day. Despite the hue and cry against inflation by the opposition, it […]
The So-Called “People’s Budget” Will Neither End Our Economic Misery, Nor Fund the Liberation of Occupied Muslim Lands
The so-called “people’s budget” will fail to end our economic misery because the rulers are solely focused on getting IMF concessions, in exchange for abandoning Occupied Kashmir to Modi and maintaining the US regional security footprint, after America’s humiliating withdrawal from Afghanistan. The so-called “people’s budget” spends more than half of the collected taxes on […]
Pakistan News Headlines 23/8/2019
Introduction of Dollar Based Interest Saving Scheme is a Danger First Year Performance of PTI Proves that Real Change is Impossible through Democracy Referring to the International Court of Justice over the Matter of Kashmir is Open Transgression of the Command of Allah (swt) Introduction of Dollar Based Interest Saving Scheme is a Danger On […]