The semi-annual review report of the State Bank of Pakistan, published on 18 September 2023, revealed that the profit of the banks was 126 billion rupees in the first half of previous year. It has increased to more than double, to 284 billion rupees in the first half of this year. The main reason for […]
At the beginning of September, two extraordinary events occurred almost simultaneously in Indonesia. The first is the series of the 43rd ASEAN Summit which was held in Jakarta on 5-7 September with the theme ASEAN as the epicentrum of growth. Second, at the same time clashes broke out in Rempang – Batam which occurred on […]
Türkiye’s Medium-Term Program (MPP), which presents the 3-year roadmap of the economy, has been announced. The government, which announced its main macroeconomic targets such as inflation, employment and growth for the period 2024-2026, lowered its growth expectations compared to the previous period and raised its inflation forecast.
Question: Assalam Alaikum Wa Rahmatullah Wa Barakatuh. Jazak Allah Khair and may Allah (swt) open ways for you. If you would be so kind, I would like to ask a question: What is the ruling on renting gold, since there are those who rent gold for a day or more, and this custom has become […]
Antidepressant use per capita in Türkiye increased by 76 percent in 12 years. In the last 2 years, sales increased by 10 million boxes. Sales of 49 million 857 thousand boxes of antidepressants in 2019 increased to 54 million 625 thousand boxes in 2020 and 59 million 641 thousand boxes in 2021.
The International Monetary Fund (IMF) said that Jordan’s prudent fiscal and monetary policies have maintained economic stability and a positive future outlook for external creditors and global rating agencies. This came in a press interview with “The Kingdom” conducted by the Resident Representative of the International Monetary Fund in Jordan, Kareem Ismail, on 12/4/2023.
At a time when Tunisia is being destroyed and its situation is systematically aggravated, and this crisis is being internationalized so that the senior officials of the colonial countries issue fatwas and their media talk about the imminent moment of collapse, in order to create an international public opinion that legitimizes attempts at foreign intervention. […]
The talk about usury (riba) and usurious dealings in Yemeni banks has returned to the pages of Al-Thawra Newspaper again, as it stated in its issue 21278 issued on Tuesday, 1 Sha’ban 1444 AH corresponding to 02/21/2023: “Based on faith and national responsibility, there is great tendency in Yemen at the level of the revolutionary […]
It was never unexpected that the House of Representatives, with a rate of 75% of the attendees, would approve the general budget law for the fiscal year 2023, despite the harsh criticism of the bill during the 3-day debate sessions due to the financial deficit, the high riba (usury) of public debt, and the absence […]
This year, as we all deal with rising prices, increased cost of living, reduced savings and increased income inequality, it is widely believed that the global economy is heading towards a recession and the economic situation for millions of people will worsen. While the exact timing of a recession is difficult to predict, there are […]
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 […]
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 […]
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 […]
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 […]
Headlines: * ‘There are no Dollars’: Foreign Currency Crunch Hits Egypt’s Economy * US Willing to Fund Afghan Border Security Say Bilawal * US-China Rivalry May Shape 2023 for the World
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 […]
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 […]
In recent weeks, the British government has been under fire for the inhumane treatment of asylum seekers in its immigration centres, and the appalling conditions in which they are held while waiting to be processed once they arrive on the country’s shores. Around 4000 people were kept at the Manston facility in Kent, a former […]
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 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 […]
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 […]
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, […]
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 […]
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 […]
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 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 […]
In 1540 CE, the Islamic ruler, Sher Shah Suri, issued the silver Rupiya, weighing 178 Troy grains, which is 11.5 grams.
Question: A wave of high prices is sweeping Jordan, affecting basic food commodities such as poultry, oils and red meat, as well as other commodities. Is this living crisis temporary or does it have causes pressing on the economic system in Jordan as a result of its regional and international relations? And how true is […]
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 […]
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.