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 […]
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 […]
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 […]
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 […]
Our lands are rich, but we starve, as Democracy chains us to the IMF, with increasing taxation, interest payments, debt and inflation.
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 […]
Headlines: Protests against Pope over 500-year history of Western Imperialism Bypassing Pakistan Govt and IMF, Bajwa Appeals to US over Funding
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 […]
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. […]
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 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.
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 worst kept secret about the present economic crisis is that it has resulted from our rulers having saddled the people with a huge debt while harvesting its proceeds to acquire properties, businesses, and citizenships abroad. (brecorder)
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.
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, […]
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 […]
Faces change but slavery to the IMF remains. The IMF supervised interest debt trap has meant that Pakistan’s debt has risen from 10 trillion Rupees in 2011 to 40 trillion in 2022. Over half of Pakistan’s tax revenues are now spent on interest payments. The IMF will keep Pakistan as a cash cow for those […]
Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. Since the six categories that were mentioned in usury were fixed names, and when paper currency took the rule of gold and silver when they were covered with gold and silver, the ruling was clear, now paper currency does not have a gold or silver cover, so does […]
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 […]
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 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 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 […]
President Erdogan enumerated the good news for farmers in a statement after the Cabinet meeting. In the statement he made, Erdogan used the following expressions: “our third good news for our farmers is that we are raising the upper limit on treasury interest-backed loans. Thus, we facilitate the access of our farmers to finance. I […]
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.
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 […]
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 […]