All posts tagged: islamic economic system

Capitalist Economic Managers Have No Way to Rescue Pakistan from Economic Crisis

As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]

Pay Rises Will Not Draw the Curtain over the Oppression of the Capitalist System!

Türkiye: Inflation figures for December, which concern millions of working civil servants and retired civil servants, have been announced. The rate of increase in salary of civil servants and retired civil servants has been announced. Civil servants and retired civil servant retirees will get a raise of 16,47 percent. President Erdogan updated the 2023 rate […]

Egypt’s Economic Crisis is, in fact, a Systemic Crisis It is the Root of the Disease and the Source of Affliction

Extreme poverty, disguised unemployment, political and economic chaos, outrageous wealth for a few at the expense of the majority of people, an unprecedented drop in the value of the pound against foreign currencies, eating up people’s savings, a strong decline in the standard of living, a steady increase in public debt, an unprecedented rise in […]

Government is stealing the Hard-Earned Savings of the People by Printing Fresh Money without Real Asset backing; Only the Khilafah State’s Bimetallic Standard (Gold and Silver) can end Capitalism’s Monetary Hegemony

Bangladesh Bank created fresh money of more than Taka 500 billion in the July-December period in the name of budget support, the highest in recent history (The Business Standard, January 03, 2023), to compensate the money looted from the banks by the Capitalists elites. The default loans of the commercial banks have already reached Taka […]

The Prices of Goods Continue to Rise and Only the Islamic Economy Can Solve this Problem

Malaysia: The issue of supply and the increase in the price of eggs is still a hot topic at the moment. Earlier this month, the Agriculture and Food Security Minister, Mohamad Sabu, announced the new lower price of eggs. The Prime Minister, Datuk Seri Anwar Ibrahim also stressed on the government’s aim to reduce dependence […]

Federal Shariat Court’s Interest Prohibition: A Fig Leaf for Capitalism’s Ugly Side

The Question On 28th April this year, the Federal Shariat Court (FSC) once again declared that riba (banking interest) was prohibited according to the injunctions of Islam and so it should be eliminated from the country within five years. The ruling established two clear sides; Islamists that became jubilant as they see this as a […]

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, […]

Selling Property to Make Ends Meet is a Growing Phenomenon in the State of Tax Collection that is Incapable of Taking Care of People’s Affairs

In the city of Bahri in the capital, Khartoum, you find a large number of people trying to sell second-hand household items that are in good condition, in order to meet the spending deficit. People who are scattered with items offered for sale are not merchants, as it appears from their appearance and way of […]

The Annual Khilafah Conference of Hizb ut Tahrir / Wilayah of Tunisia 2022

On the 101st painful anniversary of the demolition of the Khilafah (Caliphate), and with the intensification of efforts to reestablish it, so that Muslims can enjoy the heights of glory under it, and regain their lost pride, humiliated dignity and leadership for humanity, Hizb ut Tahrir is holding its annual conference in the Wilayah of […]

Capitalism Creates Hunger and Kills the Hungry

The authorities in North Darfur launched an investigation into the death of two children from starvation in one of the districts of El Fasher, the state capital, two days ago. In a statement from Save the Children on Wednesday claimed it “is urgently calling on the international community to prioritize the humanitarian response in Sudan […]

The IMF Curse

The Pakistan government is currently negotiating a deal with the International Monetary Fund (IMF) to secure a bailout which it argues is needed to keep its economy afloat. Officials are in talks with the financial institution to unlock the remaining $3 billion from a $6 billion loan programme which the Imran Khan led government agreed […]

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 […]

The Economic Crisis in Sri Lanka and Britain: Two Sides of the Same Corrupt Capitalist Coin

On Sunday 3rd April, 26 cabinet ministers of the Sri Lankan government resigned due to increasing public anger and protests over the country’s huge financial crisis. The nation’s foreign currency reserves have plummeted in this import-dependent state by around 70% since January 2020 to $2.3 billion in February due to financial mismanagement and the Covid […]

State-Run Sugar Mills are Deliberately Kept as Losing Concerns for the Crony Capitalists

All but one of the 15 government sugar mills in the country are currently running at a loss. The accumulated debt of these sugar mills is about BDT. 6 thousand crores. But sugar mill workers and experts say government policies and management are mainly responsible for the losses. With some modernization, the sugar mills can […]

Karaman Turkey: Panel Discussion on the Islamic Solution to the Economic Crisis

Within the framework of the series of conferences, seminars and panels organized by Hizb ut Tahrir / Wilayah Turkey under the title “The Islamic Solution to the Economic Crisis”, coinciding with the 101 anniversary of the destruction of the Khilafah (Caliphate) in the 28th of Rajab 1342 AH, the party met with representatives of political […]

Aksaray Turkey: Panel Discussion in Aksaray to Discuss the Islamic Solution to the Economic Crisis

Within the framework of the series of conferences, seminars and panels organized by Hizb ut Tahrir / Wilayah Turkey under the title “The Islamic Solution to the Economic Crisis”, coinciding with the 101 anniversary of the destruction of the Khilafah (Caliphate) in the 28th of Rajab 1342 AH, the party met with representatives of political […]

Kenya’s Debt Crisis: Politicians Exchange Swords and Deceit from Addressing the Elephant in the Room (Capitalism)

Kenya is Sh1 trillion shy of hitting the Sh9.1 trillion debt ceiling. The latest National Treasury debt registry shows the country’s gross public debt stood at Sh8.2 trillion by last December. Total external loan was Sh4.174 trillion with multilateral loans standing at Sh1.782 trillion, commercial Sh1.208 trillion and bilateral Sh1.17 trillion. Kenya might have to […]

Inegol (Turkey): Economic Conference: “The Islamic Solution to the Economic Crisis”

Hizb ut Tahrir / Wilayah Turkey in Inegol in the province of Bursa organized an economic conference entitled “The Islamic Solution to the Economic Crisis!” In conjunction with the occasion of the 101st Hijri anniversary of the demolition of the Khilafah (Caliphate) State on the 28th of Rajab 1342 AH.