All posts tagged: world bank

Afghanistan’s Children Starve to Death, While the International Community Plays Politics at the Expense of their Lives

According to the United Nations, Afghanistan is on the brink of becoming the world’s worst humanitarian crisis, with half of the population facing unprecedented levels of acute hunger due to a combination of severe drought, the aftermath of two decades of Western occupation, the withdrawal of humanitarian aid by the international community and the freezing […]

Capitalism’s Fiat Currency Causes Relentless, Generalized Inflation

Inflation measured through the Sensitive Price Index (SPI) posted an increase of 1.07 per cent for the week ended on November 18, driven by a sharp rise in the prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) confirmed. The PBS data showed that this is the sixth consecutive week […]

The Khilafah’s Gold and Silver Currency Will End the Inflation, Caused by Printing Money to Cover Government Expenditure

In Pakistan, from July 2018 to June 2021, the capital in circulation ballooned by 2,300 billion, whilst bank deposits soared by 6,000 billion. 8,300 billion rupees flooded into the system in just three years, whilst the country’s gross domestic product did not rise to match that surge, largely remaining stagnant. The inevitable result was a […]

The Khilafah Alone Will End Our Misery and Humiliation at the Hands of the American Economic Order

We are suffering immensely, as the economy obviously collapses, despite the reassurances of Pakistan’s rulers. The rupee is collapsing in value, whilst inflation is spiralling out of control. Fuel, electricity and gas prices are all increasing, as are taxation and unemployment. As if our economic misery were not enough, the rulers use the weak economy […]

Under Islam, Pakistan will Escape the Debt Trap!

Pakistan spends more than half of collected taxes on interest payments. In 2011, Pakistan’s debt was 10 trillion rupees. In 2021, Pakistan’s debt is around 40 trillion rupees In Islam, interest (Riba) is strictly forbidden. Allah (swt) said, [يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا] “O you who believe! Fear Allah […]

The Khilafah Will Eradicate Rampant Inflation, By Abolishing Paper Fiat Money and Issuing Currency Based on Gold and Silver

By November 2021, the Rupee fell to 175 Rupees to a dollar, unleashing crushing inflation upon the citizens of Pakistan. Inflation is a permanent feature of the capitalist economy, irrespective of the re-opening of the economy after lockdown. Unlike Islamic gold and silver currency, fiat paper money loses its purchasing power, as governments print more […]

Without Islam to Rule Over Us, the Current Rulers Create a Storm of Inflation by Submitting to the American Economic Order

The 3 November 2021 address of Pakistan’s Prime Minister, Imran Khan, regarding inflation was to prepare opinion for another batch of catastrophic IMF economic policies. The so-called 120 billion Rupees “relief” package announced for 20 million people, amounts to only Rs. 1,000 per person per month, for six months. This is whilst the middle classes […]

The Answers regarding the Environment Crisis Lie within the Qur’an and Sunnah

The Capitalist system which is dominant the world over today although paying lip service to caring about the environment in reality focuses on maximizing production and enriching the elite at any cost. This is because the innate characteristic of Capitalism is defined by the notion that human beings have “unlimited wants in a world with […]

Financial Tools of the Capitalist Major Powers

The IMF and the World Bank are considered amongst the important financial tools, used by major capitalist powers to dominate the world economy. This is being done by plunging other countries into continuous debts, whilst imposing economic dependency. Thus the loans offered by these financial institutions are the means of extending influence. They are political […]

Nothing Less than the Re-Establishment of the Khilafah will End Our Perpetual Economic Agony!

Even Imran Khan knows that the inevitable consequence of the IMF programmes is worsening poverty. Before coming to power, in an interview published in the British newspaper, “The Guardian,” on 18 September 2011, Imran Khan emphatically warned, “Every country I know that has had IMF or World Bank programmes has only impoverished the poor and […]

Acquiring Nuclear Weaponry Confirms the Ability of the Islamic Ummah to Ensure a Self-Sufficient, Independent and Strong Khilafah

With a spontaneous outpouring of heartfelt condolences, Muslims around the world are grieving since Dr. Abdul Qadeer Khan, the founder of Pakistan’s military nuclear program, passed on to the Mercy of His Lord (swt) on 10 October 2021. Allah (swt) said, إِنَّا لِلَّهِ وَإِنَّا إِلَيْهِ رَاجِعُونَ “Indeed we belong to Allah, and indeed to Him […]

O People of Power! Establish the Khilafah to Rid Yourselves of the Evil Alliance with the Enemy of Islam and Muslims, the United States

A bill to shift blame for the US defeat in Afghanistan onto Pakistan, moved by 22 US senators on 27 September, has raised both alarm and panic amongst Pakistan’s policy makers. The Afghanistan Counterterrorism, Oversight and Accountability Act is ostensibly to determine the causes behind US defeat, however, in reality, it is to place and […]

The Western Economic Order Ensures Dollar Hegemony

Nothing Less than the Sound Economic Policies of the Khilafah Will End Inflation The Muslims of Pakistan are crushed by waves of back-breaking inflation as the Rupee crumbles before the dollar. Household budgets for many are stretched to provide just two meals a day. Despite the hue and cry against inflation by the opposition, it […]

Views on the News 22/08/2021

Headlines: Turkey Extols Booming Defence Industry at International Arms Fair Afghanistan Faces Dire Financial Outlook, Warns Former Central Bank Chief Greatest Foreign Policy Humiliation: Trump Turkey Extols Booming Defence Industry at International Arms Fair The TF aircraft being developed by Turkish Aerospace is arguably the jewel in the crown of an industry that is widely […]

President Kais Saied and the Independence of the Political Decision!!

In light of international and regional interventions to influence the Tunisian political scene, especially after the decisions of 25th July 2021, President Kais Saied reiterated his independence at the Carthage Palace on Thursday, 19th August 2021, saying, “These people who talk about the decisions I take based on illusory balances in their heads because they […]

Imran Khan Tries to Hide His Political and Intellectual Slavery to the West by Appreciating Afghan Muslims

Prime Minister Imran Khan on Monday, 16 August 2021, launched the­ Single National Curriculum at a ceremony in Islamabad. He spoke about how cultural imposition is tantamount to ‘mental slavery,’ saying that Afghans had “broken the shackles of slavery.” His comments came as the Taliban effectively took control of Afghanistan, after days of rapid advances […]

By deciding to limit the basic rights including education, of Rohingya Muslims Secular Hasina reveals her Evil Face of Inhumanity

On August 12, 2021, Bangladesh’s Parliamentary Standing Committee on Foreign Affairs Ministry has announced that Sheikh Hasina has approved a policy of not allowing to improve the living standards of the Rohingya refugee camps, let alone having the refuges integrated into Bangladesh following the requests from World Bank (WB) and other relevant UN agencies (The […]

As Long as the Pakistani Rupee is Not Linked to Gold and Silver, It Will Continue to be Devalued, Drowning Us in Back-Breaking Inflation

The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]

Under Capitalism, Whether the GDP Goes Up or Down, the Conditions of the People Go from Bad to Worse, Deprived of Substantial Local Industry

On 28 July 2021, the economic advisory wing of the finance ministry declared in its Monthly Economic Outlook (MEO) for July that, “In the transition towards a higher potential growth level, pressure can be built on external accounts, calling for close monitoring to ensure that the new growth strategy is sustainable.”

The Decision to Raise the Price of the Dollar is the recipe of the World Bank to Achieve its Goals of Increasing Poverty and Crushing the People in Yemen

On Monday, 26/7/2021, a senior official in the government of Maeen Abdul Malik was cited by the Reuter’s report, that he had decided to raise the price of the customs dollar from 250 riyals to 500 riyals, an increase of 100% in an attempt to support the deteriorating public treasury. This does not apply to […]

The Houthis Have Taken the World Bank as a Backing for Them to Achieve Economic Independence!

In a step that is not new, the World Bank announced on 07/01/2021 its approval to provide an additional grant to the Salvation Government in Sana’a, which was amounting to 150 million dollars – according to what was reported by Mareb Press – within the framework of grants provided by the World Bank throughout the […]

This is How the Houthis Allowed America to Use the Economic Card

On Saturday, 03/07/2021, the government’s daily newspaper, Al-Thawra, conducted a lengthy interview with Hashim Ismail, Governor of the Central Bank of Sana’a and Chairman of the Supreme Economic Committee. This interview took place after the press conference held by Hashim Ismail, on the occasion of the Central Bank in Aden’s printing of huge amounts of […]

Western Idea and its Policies are Cause for Refugee Crisis – Islam is the Only Salvation

As we entered 2021, there were 82.4 million people around the world displaced by conflict or persecution. Thirty million of those are refugees, the rest are displaced within their own country (48 million) or asylum-seekers (4.1 million), according to UNHCR’s latest report. Nearly half of these forcibly displaced people are children. [Al Jazeera, 20 Jun […]

Pakistan: Campaign: “Khilafah will Liberate Pakistan from the Destructive Policies of the IMF”

Hizb ut Tahrir / Wilayah Pakistan organized a massive campaign on (social) media sites entitled, “Khilafah will Liberate Pakistan from the Destructive Policies of the IMF” in response to the budget presented by the rulers of Pakistan. A Twitter Storm took place to expose the harmful policies that are dictated by the IMF. These policies […]