All posts tagged: riba

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 Unjust Dominance of the US Dollar Causes Havoc for Malaysia’s Currency

Today (26th September 2022), the value of Malaysian Ringgit (RM) slumped to the lowest level ever recorded since the 1997 financial crisis where the exchange rate of 1 USD is now equivalent to RM4.60. The depreciation RM occurred as many investors turned to safer currencies due to the uncertain global economic outlook. Economists blamed the […]

Democracy is a Tool to Subjugate Pakistan to the Corrupt Western Civilization

Senator Mushtaq Ahmad on Monday, 5 September 2022, presented the bill for amendments in the Transgender Protection Act to the Senate Standing Committee on Human Rights. During the meeting, Senator Mushtaq Ahmad said that, “…the legislation regarding the transgender community is against Quran and Sunnah and it will promote homosexuality.” The Ministry of Human Rights […]

All those Who Desire Independence from America, Must Work to Re-Establish Khilafah (Caliphate) on the Method of Prophethood

The country wide debate, from the masses to the people of power, has widened from the crash of the Rupee before the US dollar, and the use of Pakistan’s air space for American drones, to how Pakistan can become truly independent, whilst we bear grave losses to our economy, education, health and security. The long […]

At the Behest of the IMF, Pakistan’s Rulers Slow the Economy Down, Choking Business and Trade, To Conserve Dollars, Just to Pay Off Foreign Interest Based Debt!

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised interest rates by 1.5 % to 15 %. According to the SBP’s own press conference, the increase is to slow the economy down, whilst claiming that such demand contraction is a must, otherwise high growth is unstable, worsening inflation. Even after […]

Like Secular Democracy, Secular Courts are Protectors of Interest, Ensuring the Case Demanding Abolition of Riba Runs in Circles

The Abolition of Riba is only Possible under the Khilafah, from the Moment of its Establishment #KhilafahEndsRiba Muslims are outraged that the recent ruling of the Federal Shariat Court to remove interest from Pakistan’s economy has once again been challenged in the Supreme Court, where the case had been pending review for twenty years already. […]

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 […]

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 […]

Be it the London Plan or the Islamabad March, Under Democracy, the People are Being Skinned Alive

The media commentators are trying to engage the people in debate over the London Plan and Islamabad March, as if there is any hope that these plans and political maneuvers will solve the problems of the people. Be it Maryam Aurangzeb, Shahbaz Gul or Rana Sanaullah, their rhetoric is like that of Nadr bin Harith, […]

With a Collapsing Rupee and an Eruption of Inflation, Democratic Capitalist Policies Have Shoved the Economy into Intensive Care.

The Khilafah Alone Will Build an Independent Economy through Islamic Policies. An independent nation can never be born of slavery-based economic structures, policies and regimes. What is the result of seventy years of enslaving, democratic, capitalist policies? When the international price of oil rises, the economy begins to falter, sputter and stall. When the US […]

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 […]

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) […]

Whether PTI, PPP or PML-N is in Power, the US Controls Pakistan’s Economy through the IMF

The Khilafah Alone Will Liberate Us from Economic Slavery America’s tool for economically enslaving most of the world, the IMF, released a statement on 24 April, 2022, that “We had very productive meetings with the Finance Minister of Pakistan Miftah Ismail over Pakistan’s economic developments and policies.” Thus, Pakistan will continue to be controlled by […]

Pakistan’s Revenue and Expenditure under the Khilafah

Pakistan’s Current System Secures the Economic Interests of the Kafir Colonialists Sufficient revenues in the state treasury are essential for looking after the affairs of the people and managing the state expenses, such as the armed forces, health and education. However, in Pakistan’s current system, both democracy and dictatorship take turns to secure the economic […]

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.

Delegation from Hizb ut Tahrir/ Wilayah of Lebanon Visited Candidate for the Sunni Seat in Tripoli, Abdal Aziz Al-Tartousi

In the context of Hizb ut Tahrir’s campaign in Wilayah of Lebanon regarding the danger of the authority’s path in the International Monetary Fund (IMF) project, and with the approaching elections, a delegation from the party headed by Ustadh Fawaz Al-Dhahab, Ust. Jamal Al-Zou’bi, and Br. Ahmad Al-Abdullah, representatives of the party’s Central Communications Committee […]

Yalova (Turkey): Panel Discussion 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”, coinsiding 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 […]