Hizb ut Tahrir / Wilayah Turkey organized a conference in Mersin within the framework of the campaign “Islamic solutions to economic crises in 10 points”, where the causes of the current economic crisis and its radical solution were shared with the people of Mersin.
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 Adana.
Following a press conference by Fed Chairman Jerome Powell on January 26, 2022 Politico reported: The Federal Reserve is likely to raise interest rates in March in what is expected to be the first of a series of hikes this year amid rising inflation.
In the past weeks, the local currency witnessed a remarkable improvement against foreign currencies in the governorates controlled by the Aden government, after Abd Rabbo Hadi’s decision to restructure the administration of the Central Bank of Yemen in the temporary capital, Aden. But this improvement did not last long, and the joy of the people […]
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 […]
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.
Hizb ut Tahrir / Wilayah Turkey organized an economic conference in Bursa entitled, “Islamic Solutions for the Economic Crises in Ten Points!” The brothers that presented the correct Islamic solution to the economic crisis afflicting Turkey were: Ust. Serdar Yilmaz, Ust. Musa Beyoglu, and Ust. Abdullah Imamoglu.
The Media Office of Hizb ut Tahrir / Wilayah Tunisia held a symposium on Tuesday, January 11, 2022, entitled: “The Revolution from Tunisia… Challenges and Prospects” at its central headquarters in Ariana.
Hizb ut Tahrir/ Wilayah Turkey organized an economic conference at the Kocatepe Cultural Center in Ankara entitled, “Islamic Solutions to the Economic Crisis in 10 Points.” The brothers that presented the talks were Ust. Süleyman Uğurlu, Ust. Muhammet Hanefi Yağmur, Ust. Musa Bayoğlu, and Ust. Abdullah İmamoğlu who presented the Islamic solutions to the economic […]
Turkey woke up to the first morning of the new year with the stream of price hikes. On the last day of the year, towards midnight, electricity, natural gas, fuel and bridge toll were increased at a very high rate. (Agencies)
The immense concentration of wealth under the current capitalist world order has now reached intolerable levels. The World Inequality Report 2022 from the Paris-based World Inequality Lab stated that, “The share of the bottom 50% of the world in total global wealth is 2%… while the share of the top 10% is 76%.” The report […]
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 […]
Hizb ut Tahrir/ Wilayah Turkey organized a conference in Istanbul entitled, “Islamic Solutions to Economic Problems.” Ust. Abdullah İmamoğlu gave a speech entitled “Islam is the Only Source of Revival ” and after the brother’s speech a video recording was shown entitled, “The Source of Economic Problems and their Islamic Solution.” Musa Bayoğlu entitled, “The […]
Turkey’s agenda is shaken by the dramatic collapse of the Turkish lira against the US dollar. The US dollar, which was equivalent to about 6 Turkish liras at this time last year, has crossed the 13 Turkish liras range. The rise in the exchange rate naturally leads to a rise in the prices of all […]
In November 2021, Pakistan and the International Monetary Fund (IMF) reached a staff level agreement for the next interest based loan tranche, upon fulfillment of IMF conditions. The IMF conditions include an increase of Rs. 350 billion in taxes through a mini-budget, an increase of Rs 4 per liter in the Petrol Development Levy (PDL) […]
West Raises Alarm of Renewed Russian Escalation at Ukrainian Border According to a report by the Military Times on Sunday, ‘Russia has more than 92,000 troops amassed around Ukraine’s borders and is preparing for an attack by the end of January or beginning of February, the head of Ukraine’s defense intelligence agency told Military Times.’ […]
Inflation measured through the Sensitive Price Index (SPI) posted an increase of 1.07 per cent for the week ended on November 18, driven by a sharp rise in the prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) confirmed. The PBS data showed that this is the sixth consecutive week […]
Headlines: • After Lira Tumble, Turkey Faces Threat of Inflation and Currency Crisis • US: Pakistan, Taliban Violators of Religious Freedom • Paulson Warns of ‘Dangerous’ World If China-U.S. Tensions Worsen After Lira Tumble, Turkey Faces Threat of Inflation and Currency Crisis As expected, the central bank cut rates by another 100bps, which sent the […]
In Pakistan, from July 2018 to June 2021, the capital in circulation ballooned by 2,300 billion, whilst bank deposits soared by 6,000 billion. 8,300 billion rupees flooded into the system in just three years, whilst the country’s gross domestic product did not rise to match that surge, largely remaining stagnant. The inevitable result was a […]
The Taliban obliged the inhabitants of Afghanistan to use only the national currency in trade. Deputy Minister of Information and Culture in the interim cabinet Zabihullah Mujahid announced this on his Twitter page. The statement says that the use of foreign exchange negatively affects the economy, and these losses are reflected in every inhabitant of […]
We are suffering immensely, as the economy obviously collapses, despite the reassurances of Pakistan’s rulers. The rupee is collapsing in value, whilst inflation is spiralling out of control. Fuel, electricity and gas prices are all increasing, as are taxation and unemployment. As if our economic misery were not enough, the rulers use the weak economy […]
By November 2021, the Rupee fell to 175 Rupees to a dollar, unleashing crushing inflation upon the citizens of Pakistan. Inflation is a permanent feature of the capitalist economy, irrespective of the re-opening of the economy after lockdown. Unlike Islamic gold and silver currency, fiat paper money loses its purchasing power, as governments print more […]
The 3 November 2021 address of Pakistan’s Prime Minister, Imran Khan, regarding inflation was to prepare opinion for another batch of catastrophic IMF economic policies. The so-called 120 billion Rupees “relief” package announced for 20 million people, amounts to only Rs. 1,000 per person per month, for six months. This is whilst the middle classes […]
The Rupees is tied to the dollar The Rupee is constantly weakening, causing huge inflation. In 2018, one dollar bought 120 Rupees On 26 October 2021, one dollar bought 175 Rupees. The Messenger of Allah (saw) declared gold and silver as the basis for currency. The prices in the Khilafah were stable for centuries. #KhilafahEndsAmericanEconomicOrder
In the winter of October 2021, the Pandora Papers were revealed to the world. This was a leak of almost 12 million documents that reveal how the world’s richest people siphon off wealth (often obtained illegally) and hide it in various ways. Some of the questionable tactics include tax avoidance and money laundering with collaboration […]
The Current Account Deficit (CAD) has increased by a whopping 81 per cent in August to $1,476 million compared to July during this fiscal year (FY22), mainly because of an ever-rising imports bill. Mr Tarin, Minister for Finance & Revenue, observed that the economy was in a state of growth and there was an increased […]
Question: Assalamu alaikum, Could you also explain to us regarding the opinion of Abu Hanifa, Sufyan al-Thawri and others that there is no Riba (usury) in Dar ul-Kufr inferring the hadith (There is no Riba between a Muslim and a harbi in Dar al-Harb) and the evidence that Al-Abbas dealt with usury in Dar ul-Kufr […]
Question: Assalamu Alaikum wa Rahmatullahi wa Barakatuh, Are Islamic banks working according to Islamic law in Tulkarm and the governorates of the West Bank? Is it permissible to deposit money in them, or are they just names to cover the usurious business? How do we make sure of that? From: Abdul Kareem Zaid
It is not a secret that economy is the backbone of human life hence leading to an urgent need for a system to drive the growth and distribution of resources (wealth) in the society. The economic system today is capitalist founded by a Western philosopher Adam Smith known as the ‘Father of the capitalist system’. […]
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 […]
