Skip to main content

To save disaster capitalism, Brown turns to Arab dictators

2 November 2008 – British Prime Minister Gordon Brown is currently visiting the Gulf asking oil-rich states to replenish the International Monetary Fund’s coffers and invest in British businesses as the country enters a recession. He said they had a responsibility to contribute “hundreds of billions” more to the IMF’s emergency bailout package “to lend to those countries at risk of financial collapse” and said he was keen on them investing in British business, following the example of Manchester City Football Club and Barclays Bank, which this week raised £5.8 billion from funds in Abu Dhabi and Qatar.

Commenting on Brown’s visit, Taji Mustafa, media representative of Hizb ut-Tahrir Britain said, “The gall of Brown and other western leaders is amazing. This crisis originated in the US sub-prime market and has been magnified by the casino of the derivatives market . As people in the West fundamentally question the banking and finance system that has brought this disaster and profits in the hands of rich financiers, it is extraordinary that these Arab regimes are now buying up and bailing out a failed product. They are throwing good money after bad, wasting Muslim oil resources on bailing out the gambling debts of western banks.”

“The system brought obscene private profits for some in the banking industry but losses are to be shared between the tax payer and the oil rich Gulf states. Yet, only last week we saw third-quarter profits of £6.4 billion at BP and £5 billion at Shell. Why doesn’t Brown demand a bail out from these companies?”

“Gulf states have not raised a finger to help poorer Muslim countries facing huge fuel and food price hikes preferring to buy foreign football Clubs and pump money into Barclays bank despite the massive losses of previous bailout investments from these Sovereign Wealth Funds.”
“All the talk of bringing ‘freedom and democracy’ to the Muslim world is on hold as oppression and dictatorship make for more reliable ‘bankers’ when it comes to bailing out disaster capitalism.”

“Saudi Arabia refused help to Pakistan forcing it to turn to the IMF who demand humiliating conditions such as curbing the size of the armed forces, and who will further cripple the country with high interest rates. Yet, the largest supporter of the IMF and the world’s largest debtor - the US - does not follow IMF dictates.”

“Now is a time for real vision from the Islamic world, that can only come from the establishment of the Islamic Khilafah state. The Muslim world needs the Islamic economic system, distinct from other systems. A system that will:

1. See oil as a public property and as such oil revenues need to be used to help the poor and hungry and not bail out banks, football clubs or finance the oppression of the IMF.2. A finance system that does not run on interest, and a currency backed by gold and silver such that people have real confidence in the system.3. A market that has clear rules of trade defined by the Shariah, not subject to manipulation, that facilitates free trading within these rules in a real economy - not a casino economy”

Source

Comments

Anonymous said…
Salaam akhi,
I am selected for working in Oil & Gas Industry with a UK-based company, which is involved in exploration & production of oil and natural gas. This company has a tie-up with another company, where I have to work as support & maintenance engineer, in a back-end team. My question is, am I allowed to work in this field ? My context of asking the question is with reference to the hadith of Prophet (saw) prohibiting private ownership of oil resources. And since these companies are private owning large oil bases. Am I allowed to work for them ? Please help me get the hukm as soon as possible. Jzk.

Popular posts from this blog

An advice to Muslims working in the financial sector

Assalam wa alaikum wa rahmatullah wabarakatahu, Dear Brothers & Sisters, We are saddened to see Muslims today even those who practise many of the rules of Islam are working in jobs which involve haram in the financial sector. They are working in positions which involve usurious (Riba) transactions, insurance, the stock market and the like. Even though many of the clear evidences regarding the severity of the sin of Riba are known, some have justified their job to themselves thinking that they are safe as long as they are not engaged in the actual action of taking or giving Riba. Brothers & Sisters, You should know that the majority of jobs in the financial sector, even the IT jobs in this area are haram (prohibited) as they involve the processing of prohibited contracts. If you work in this sector, do not justify your job to yourself because of the fear of losing your position or having to change your career, fear Allah as he should be feared and consider His law regard

Q&A: Age of separating children in the beds?

Question: Please explain the hukm regarding separation of children in their beds. At what age is separation an obligation upon the parents? Also can a parent sleep in the same bed as their child? Answer: 1- With regards to separating children in their beds, it is clear that the separation which is obligatory is when they reach the age of 7 and not since their birth. This is due to the hadith reported by Daarqutni and al-Hakim from the Messenger (saw) who said: When your children reach the age of 7 then separate their beds and when they reach 10 beat them if they do not pray their salah.’ This is also due to what has been narrated by al-Bazzar on the authority of Abi Rafi’ with the following wording: ‘We found in a sheet near the Messenger of Allah (saw) when he died on which the following was written: Separate the beds of the slave boys and girls and brothers and sisters of 7 years of age.’ The two hadiths are texts on the separation of children when they reach the age of 7. As for the

Q&A: Shari' rule on songs, music, singing & instruments?

The following is a draft translation from the book مسائل فقهية مختارة (Selected fiqhi [jurprudential] issues) by the Mujtahid, Sheikh Abu Iyas Mahmoud Abdul Latif al-Uweida (May Allah protect him) . Please refer to the original Arabic for exact meanings. Question: What is the Shari’ ruling in singing or listening to songs?  What is the hukm of using musical instruments and is its trade allowed? I request you to answer in detail with the evidences? Answer: The Imams ( Mujtahids ) and the jurists have differed on the issue of singing and they have varying opinions such as haraam (prohibited), Makruh (disliked) and Mubah (permissible), the ones who have prohibited it are from the ones who hold the opinion of prohibition of singing as a trade or profession, and a similar opinion has been transmitted from Imam Shafi’i, and from the ones who disliked it is Ahmad Ibn Hanbal who disliked the issue and categorised its performance under disliked acts, a similar opinion has been tran