Prudent economics – “Replace capitalism with Islamic financial system,” says cleric

In response to: Replace capitalism with Islamic financial system: cleric

“The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up,” said the Egyptian-born, Qatar-based cleric.

“The Western system has collapsed and we have a complete economic philosophy as well as spiritual strength,” he said at Sunday’s opening of a conference on Jerusalem. >>>>>

In an economic “system based on usury and paper and not on goods traded on the market” the borrower, (the average Westerner), is in a state of crisis from the signing of the contract.  The primary reason why many Western experts oppose this, is not because of the name Islam, but because Muslims are amongst the primary whistle-blowers about the inevitability of unjust economic enslavement of the average person.

Those who stand to benefit in a system that practices usury/interest are amongst the primary public-relations representative and co-conspirators of establishing a state of Islamophobia.

Take away the label of Islam, and deal with pure mathematics, logic, social conscience and justice — and the Islamic economic system is no doubt superior to capitalism and communism – put together.

Like the term ‘democracy,’ ‘capitalism’ is purported as great, but in practice is not even applied by the people who champion the cause.

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One Response to Prudent economics – “Replace capitalism with Islamic financial system,” says cleric

  1. Syed Abdali says:

    God has said in Quran that he provides every human being his or her portion of sustenance. So, if there are more human beings on this earth then there will be more sustenance available to them. I intend to prove that.

    Not too long ago when population of the earth was only half of what is today and we still used to have just as many people die of hunger.

    Answer to this question lies in Islamic Economic System which if implemented properly can easily eradicate abject poverty and hunger.

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