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Q&A: The Concept of Value

Question: Assalamu Alaikum wa Rahmatullahi wa Barakatuh May Allah bless you our honorable Sheikh, and help you and grant you victory. I have questions about the concept of value. The value is the...

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Demographic Crisis: Elimination of the Consequences not the Causes

The World Economic Forum (WEF) predicts a global crisis with retirement. In the world, the deficit of retirement savings by 2050 will reach 428 trillion dollars. This is five times higher than the...

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Pakistan’s Agriculture and Industry Neglected

Capitalist Democratic System Discourages Local Production and Manufacturing in Pakistan Before the announcement of the Budget 2017-18, the Finance Minister of the Bajwa-Nawaz regime informed the nation...

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The Rise of Food Banks and Food Waste

There are at least 2,000 food banks operating in the UK, giving out emergency food parcels on a weekly basis to people in hardship, according to research that shines fresh light on the rapid growth of...

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Budget 2017-18: Poor People Pay Heavy Price for Awami League’s Election Budget

On 01 June, 2017, Bangladesh’s Finance Minister AMA Muhith has placed a Taka 4 trillion budget for the fiscal year 2017-18 in the parliament, relying mostly on VAT collections to cover a 35% growth in...

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Q&A: Who is Zakat paid to in the Absence of the Islamic State?

Question:                                                                Assalamu Alaikum wa Rahmatullahi wa Barakatuh, O our Sheikh, there is a disagreement; to whom the Zakat should be paid? Is it to...

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Q&A: Disposal of Haram Funds & Deceit in Trade

Questions:                                                              Assalamu Alaikum Wa Rahmatullah Wa Barakatuhu our Ameer, may Allah elevate you and bring victory to this Ummah by your hands. If...

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The Crisis of Western Social Payments

According to Reuters: A senior U.S. Republican senator predicted on Sunday that the Republican bill to roll back Obamacare would likely fail, adding to growing signs that the bill is in trouble. “My...

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Q&A: Zakat and Debts of the Father and Son

Question: As Salaam Alaikum Wa Rahmatullah Wa Barakatuhu our honourable Sheikh, and warm greetings to you. I have a question regarding Zakat and debts, I hope you have the time to answer my questions....

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The State of Taxation in Sudan will not Solve the Problem of Unemployment,...

The Secretary General of the Secretariat of Sudanese Working Abroad, Ambassador Karar al-Tuhami, said: “Not necessarily that the state is responsible for the employment of graduates”, he added: “The...

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The Financial Crisis: a decade on

A decade on from the financial crisis – the lack of progress has demonstrated the fragility, not only of the financial sector, but of the system that governs it.

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The Transition

Download the book The Transition Introductory Remarks In his tract on monetary reform, John Maynard Keynes referred to gold as a barbarous relic, whose rigidity had fettered the world from economic...

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Who owns oil?

Through the controlled flotation mechanism launched by Malaysian Ministry of Domestic Trade, Co-operatives and Consumerism, the prices of petrol and diesel have been raised at a fairly high rate within...

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Hunger in the UK

One in ten London families are relying on charity handouts to eat and food banks are facing unprecedented strain in the run-up to Christmas, new figures reveal. One in four London parents worry about...

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Addressing Economic Problems Requires Thinking Outside the Box of Capitalism...

In his speech to the Parliament on Wednesday, 25/10/2017, the First Vice President of the Republic, Prime Minister Bakri Hassan Saleh, acknowledged the government’s failure to address the economic...

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Capitalist Economics is to Blame for the UK’s Shocking Levels of Poverty

On the 4th of December, the Joseph Rowntree Foundation, a British social policy research and development charity, published a report that revealed the shocking levels of poverty affecting the UK. It...

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Bitcoin: The Mother of all Bubbles

Bloomberg reported a remarkably conservative headline today, 13th December, 2017: “Bitcoin’s 8.7% Decline Pales in Comparison to Record Run” and noted that now bitcoin was moving “closer to the...

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Q&A: The Islamic Ruling on Bitcoin

Question by: SchukranJaan Bismillah Ar-Rahaman Ar-Rahim, Dear honourable Sheikh. We hope this finds you in the best health. We greet you with the warmest and noblest of all greetings: Assalam Alaikum...

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Q&A: Does Riba Only Takes Place in the Six Categories?

Question: Assalamu Alaikum, A question received from one of the brothers named Mohsen al-Jadabi – Sana’a. The Prophet ﷺ said: «أي قرض جر منفعة فهو ربا» “Every loan which entails a benefit is usury”....

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Pakistan’s Currency will never be strengthened whether we trade in Dollars or...

On Dec 19, 2017, Minister for Planning and Development Ahsan Iqbal said that the government was considering a Chinese proposal to use renminbi (RMB or yuan) instead of the US dollar for payments in all...

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