All posts tagged: wealth

The Rise of the Global South

The Global South is in vogue; everyone cannot get enough of them. China and Russia say they are the future and solicit their support and the West who for long neglected them now see them as essential to maintaining a liberal future. With the global balance of power in a flux the future structure of […]

Q&A: The Gabon Coup

On 30/8/2023, a group of officers from the army, presidential guard, and security forces in Gabon announced the seizure of power, and placed Gabonese President Ali Bongo under house arrest, hours after the Electoral Commission announced that he had won a third term. It announced the cancellation of elections, the dissolution of state institutions, and […]

Under the Current Capitalist Economy, Only the Elite Will Benefit from Development Projects. Only Under the Shade of the Khilafah, Will Projects Bring Prosperity to People’s Lives

On 1 August, 2023, Pakistan Minerals Summit 2023 was jointly hosted by the Ministry of Petroleum and Barrack Gold Corporation. In his address, the Minister of State for Energy, Petroleum Division, Dr. Musadik Malik invited foreign investors to invest in various sectors of Pakistan, especially minerals and mining. He said that the aim of the […]

“Economy First” is a Fraud Used by Rulers to Validate their Inaction

On 26 May 2023, Pakistan’s Finance Minister informed the US Ambassador about plans related to revenues and expenditures, for meeting international financial obligations. Having received approval from their master, Pakistan’s rulers are now preparing another colonialist budget, which will further weaken our economy. Moreover, when the rulers are asked about the issues faced by the […]

Reviving the Social Security Law is a Crime and a Denial of People’s Livelihood and a New Drain Added by the Palestinian Authority to Attack their Steadfastness and Economy

With cunning and deceit, these days the Palestinian Authority (PA) is seeking to revive the notorious Social Security Law, against which people stood strong years ago, rejecting the assault on their wealth, the fruits of their efforts and their livelihood under the pretext of “guaranteeing them!” Today, it is working to repeat the same once […]

The People of Sudan Have Not and Will Not Be a Crisis for The People of Egypt Rather, The People of Egypt and Its Army Must Embrace Them and Support Them

Egyptian President Abdel-Fattah El-Sisi said that his country “will face economic repercussions and difficulties” if it receives more Sudanese, in the midst of the ongoing crisis between the conflicting parties in their country. This came in an interview he gave to the Japanese newspaper “The Asahi Shimbun”, which published the article, yesterday, Tuesday, 2/5/2023, on […]

France Declares its Willingness to Throw Tunisia into the Fire

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. […]

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 […]

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 […]

The Saada Agricultural Cooperative Association in Yemen A Violation of the Rulings of Islam and a Revival of the Idea of Cooperatives

Although nearly two months have passed since the inauguration of the multi-purpose Fruits of Saada Agricultural Cooperative Association, registration is still open to this day at the rate of ten thousand per share. Therefore, we must clarify the reality of those associations that are in violation of the rulings of the noble Sharia, and in […]

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 […]