All posts tagged: dollar

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 […]

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 To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee.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 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 […]