Islamic Solution to the Economic Crisis

بسم الله الرحمن الرحيم

الحمد لله رب العالمين الذي بعونه تتم الصالحات

والصلاة والسلام على رسوله المصطفى الأمين وآ له وصحبه

ومن أتبعهم بإحسان إلى يوم الدين

All praises for Allah, Lord Master and Absolute Sovereign of the Universe, for only by His aid are all good deeds completed, and may the salutations of Allah and His peace and blessings be upon the Messenger Muhammad, the Trustworthy One, and upon his family and companions, and those that follow them and their way until the Day of Judgment.

اللهم صلّ على محمد وعلى آل محمد كما صليت على إبراهيم وعلى آل إبراهيم إنك حميد مجيد وبارك على محمد وعلى آل محمد كما باركت على إبراهيم وعلى آل إبراهيم إنك حميد مجيد

O Allah may the prayer (for all good) be upon Muhammad and the family of Muhammad as you have given your prayer (for all good) upon Ibraheem and the family of Ibraheem, – Verily you are Praiseworthy, Glorious. And bless Muhammad and the family of Muhammad as you have Ibraheem and the family of Ibraheem – Verily you are Praiseworthy, Glorious.

Proceeding  …in the name of Allah the Almighty and Majestic

…. a work in progress ….

Islamic Solution to the Economic Crisis

|> Introduction

Islam has the solutions to the current 2008 -20012 multiple economic crises’ which have four grand aspects:

  1. 1.    Unjust financial laws and tax codes are slanted to benefit the rich elites who use wealth to gain more wealth and power;
  2. 2.    Interest based debt and currencies entrench greed, deceit and fraud;
  3. 3.    Corporate control of government assures profits and monopolyat the expense of the masses;
  4. 4.    The GWOT Global War on Terror has been a front for USA Imperial expansions in defense of its hegemony and reserve currency status.

Here in this paper we will confined ourselves to the obvious solutions that Islamic faith and law provide to the current economic crisis that is engulfing the globe. Islam is a total and comprehensive system of faith and action, based in the faith in Allah the One Lord and God of all humanity, and in His revelations to His Prophets and Messengers who include Noah, Abraham, Moses, Jesus and Muhammad peace be upon all of them,  which lead to success and peace in this life and eternal salvation in the Hereafter. Its economic system is part of that faith and law.

Let’s deal with each one of the four individual issues above with KNOWLEDGE before comprehensive statements of the solutions. 

(more coming iA – inshallah)   

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