The Economic Mirage
from Islamic Revival by Islamic Revival
Today, however, is a different story. The economic situation has deteriorated to the point that expatriates are leaving the country as fast as possible. As reported in the New York Times, debt-ridden foreigners are fleeing
To understand the collapse of the
In 2000,
Foreign investors were pulling out their investments for two reasons. Firstly, they knew that emerging markets would be the first to be impacted by the recession. Secondly, they needed the capital to cover their own exposure to the crisis.
Repeat of the Asian Financial Crisis
A decade ago, another region of the Muslim world attempted to organise its economies on the Capitalist model. In the early 1990s,
Root Problem: Agent Rulers and Capitalist Solutions
As it has been proven time and time again, the rulers of the Muslim countries are agents of the West. These rulers and the elite in the Muslims countries have given political allegiance to the Western colonial powers, such as
For example, Sheikh Mohammed Bin Rashid al Maktoum, the agent-ruler of
Islam: Do Not Imitate Other Nations
Rasul'Allah (saw) has clearly forbidden us from following the ways of other nations: "You would tread the same path as was trodden by those before you inch by inch and step by step so much so that if they had entered into the hole of the lizard, you would follow them in this also. We said: Allah's Messenger, do you mean Jews and Christians (by your words) "those before you"? He said: Who else (than those two religious groups)?" [Muslim]
As a result, if we attempt to imitate the Capitalist nations we will fail to achieve prosperity in this life and face humiliation in the next life because of our disobedience to the Messenger of Allah (saw). As we witness the spectacular collapse of the Capitalist financial system in
Intellectual Decline: The Key Obstacle to Progress
The greatest resource that the Muslim Ummah has is not its scientific discoveries, its vast number of doctors and engineers, massive oil & mineral reserves; or even its enormous population. The greatest fortune this Ummah has is the Islamic thoughts, which emanate from the Islamic Aqeedah. Material wealth, scientific discoveries, and industrial inventions are of much lower importance than the Islamic thoughts.
In fact, any material and scientific progress depends on the Ummah embracing the Islamic thoughts and implementing them in society.The Islamic thoughts are not restricted to matters of ibadat. They encompass all issues that a human being will face in this life.
Allah (swt) revealed: And We have revealed the Book to you as an exposition to all things, a guide, a mercy and glad tidings to Muslims." [TMQ 16:89]
When the Muslim Ummah was a leading nation, it relied solely on Islam to deal with all the affairs of life, including economy, governance, foreign policy, etc. The majority of Muslims used wahy (revelation from Allah (swt)) to judge the challenges that faced them. As a result, the Ummah was productive in all spheres of life, including science and technology. For example, during the Mongol invasion, the Muslim Ummah came across "Al-Yaasiq"; a law-book compiled by Genghis Khan, which contained some rulings that were derived from various religions (e.g. Judaism, Christianity, Islam, etc) and his own opinions. The book became the legal code followed by the children of Genghis Khan.
However, ibn Katheer (rh) looked at the issue in light of the ayah revealed by Allah (swt): "Do they then seek the judgement of (the days of) ignorance? And who is better in judgement than Allah for a people who have firm faith?" [TMQ 5:50]
Based on this (and many other ayat and ahadith), he rejected al-Yassiq and enjoined on the Ummah to also reject it and follow the laws reveled by Allah (swt).
Unfortunately, the Ummah has lost this productive way of thinking. This process occurred over centuries, but was most pronounced during the military and intellectual invasion of
However, today, with the help of Allah (swt) the Ummah is responding to the call to resuming the Islamic way of life through the re-establishment of the Khilafah Rashidah in the Muslim lands. Muslims are re-gaining their confidence and trust in Islam and openly calling for its implementation
Khilafah: Making the Islamic Aqeedah Central to Society
The path to progress begins with embracing the Islamic Aqeedah: recognizing that Allah (swt) is the sole Legislator and being confident that the Shariah is more than capable of managing the affairs of the Ummah in all spheres of life (i.e. ibadat, politics, economy, etc). Once we understand this as the way forward we must work to purge the Muslim lands of Capitalist thinking. The Capitalist solutions are man-made and they are as limited as the minds of the men who laid them down. Consequently, they will inevitably fail.
To understand how the Islamic thought process works, we can examine how Islam approaches the issue of economy in contrast to Capitalism. In Islam, the key economic problem is the distribution of wealth. This is based on understanding of why the Messenger of Allah (saw) divided the booty gained from Bani Nadheer exclusively among the Muhajireen and the poor members of the Ansar. Regarding this incident, Allah (swt) revealed:
"What Allah has bestowed on His Messenger (and taken away) from the people of the townships, belongs to Allah,- to His Messenger and to kindred and orphans, the needy and the wayfarer; In order that it may not (merely) circulate between the wealthy among you." [TMQ 59:7]
Based on this ayah (and other rulings in economy, such as the prohibition of riba), Allah (swt) makes it clear to us that the Khalifah must work to ensure that the wealth circulates through the whole of society. The Capitalists, on the other hand, believe that the economic problem is to maximize production. For example, we see the Capitalists measure the economy by looking at the Gross Domestic Product (GDP) and not how many people are homeless, hungry, etc. Thus, for the Ummah to progress economically we must adopt the Islamic idea that the key economic problem is distribution as this is the Haqq (Truth) and reject the idea that we must increase production at all costs as this is Batil (Falsehood).
Once the Haqq is clear from the Batil, we must work to make Islam the sole reference point in society. This means the thoughts, emotions, and systems political, education, economic, and social will be based solely on what Allah (swt) has revealed. This can only be achieved through the re-establishment of Khilafah in the Muslims lands. Muslims must work globally on the Prophet's (saw) method of intellectual and political struggle, which requires us to join a group and purge ourselves of Capitalist concepts and solution and replace them with Islamic concepts and solutions from the revelation of Allah (swt) through intense study. We must also interact with the Muslim Ummah and promote the Islamic alternative. In the Muslim lands we must also seek the nusrah (support from influential members of society) just as our Prophet (saw) did from al-Ansar (ra).
May Allah (swt) help us to establish the Khilafah Rashidah in the Muslim Lands according to the method of the Prophet (saw) and build a global economic system that will bring prosperity to all.
"And the Jews will not be pleased with you, nor the Christians until you follow their mila (way)." [TMQ 2:120]
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The Holy Qur'an - http://www.quran.org.uk
Commentary of Holy Qur'an http://al-islam.org/tahrif_quran/
Du'a - http://www.duas.org
Islam - http://www.al-islam.org
Free Islamic Books -http://www.winislam.com
http://www.islamic-message.net/English/index.htm
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Commentary of Holy Qur'an http://al-islam.org/tahrif_quran/
Du'a - http://www.duas.org
Islam - http://www.al-islam.org
Free Islamic Books -http://www.winislam.com
http://www.islamic-message.net/English/index.htm
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