ISLAMIC REVIVAL
  • About Political Islam
  • Political Islam
    • Reforming the Muslim Mind
    • Muslims Need Political Islam
    • Muslim Political Suicide
    • Concept of Ummah
    • 50 Political Maxims of Islam and Muslim Existence
    • Why Islam Prohibits Nationalism?
    • Important Vocabulary of Political Islam
    • Quran: Book of Divine Government
    • The Religio-Political Mission of Prophet Muhammad (PBUH)
    • Why Doesn't God Help The Oppressed?
    • Framework of Islamic Rule: An Analysis of Constitution of Medina
    • Constitution of Islamic Republics/States
    • Reforming Muslim Political Existence
    • Duty of Muslim Countries in Fighting Islamophobia: Reasons and Techniques
    • International Human Rights and Islamic Human Rights: A Comparison
    • How Islam see the jurisdictions of the world?
    • Free Will, Determinism and Islamic Self-Determination
  • Geopolitics and Islam
    • Towards Islamic Rule
    • The Reality of Muslim People Today: Rubbish and Scum of Earth
    • Enemies of Islam in Quran & Muslim Reluctance to Quran's Geo-Political Warnings and Admonitions
    • Muslim Secularists: Greatest Obstacle to Islamic Revival
    • Gulf Hypocrisy
    • Muslim Development and Policies
    • The Landscape of Muslim Terrorism
    • The Promised Land Belongs to Muslims
    • A History of European Fascist Genocides
    • Terrorism in World Religions and Ideologies
    • Nature of Historical Muslim Conquests
    • Saudi vs Iran: Not a Sunni vs Shia War
    • Media Propaganda Against Islam and Muslims
    • Hindutva: Hindu Fascism
    • Hindutva's Hinduism
  • Islamic Law | Shariah
    • Human Freedom Under Shariah Law
    • Need of Sharia Law for Muslim Countries
    • Practical Islamic Rule and Governance
    • Everything About Shariah Law
    • Muslim Secularists: Existential Threat to Islam
    • Islamisation Model: Policies and Examples
    • Iran: The Only Islamic Country | The Light in The Darkness
    • Imam Hussein and Iran
  • Economy and Finance in Islam
    • Disastrous Interest Based Secular Financial System
    • Neocolonialism and Global Financial Apartheid
    • Neocolonialism Demonstrated- New Confessions of an Economic Hit Man
    • Islamic Finance and Iran
    • Ten Reasons Islamic Financial and Economic Models Need Global Implementation
    • Restructuring The Financial Landscape of Muslim Countries
    • Kickstarting The Islamic Economy
    • Malthusian Protocol: The Corporatocratic Ideology
    • Islam, Muslims and Economy
      • Foundations of Islamic Economic
      • Nature of Muslim Economy
      • Muslim Consumer
      • Factors of Production
      • Interest Free Financial System
      • Regulated Economy
      • Muslim Stock Exchange
      • Welfare Economy
      • Minimum Wage
      • Islamic Taxation
      • Job Creation
      • World Bank, IMF, WTO
      • Conclusion
  • Islam is The Solution Part 1
    • About This Writing
    • Destroyer of Society
    • Ethics of Wisdom
    • Every Good Act Can Be A Worship
    • How Can You Be Blessed
    • Importance of Understanding Current And Evolving Trends
    • Muslims Need to Invest In
    • Standards of Judgement
    • No To Popularism
    • No To Overconfidence/Underestimate
    • Practical Islamic Brotherhood and Political Philosophy
    • Pragmatic Destiny
    • Principle of Good Governance
    • Principle of Peaceful Social and International Relationship
    • Principles of International Relations in Islam, International Diplomacy in Islam
    • Human Life Precedes Profit and Protocols
    • Qualities of The Seeker of Wisdom
    • Scholars of Kings and Rulers
    • The Content Society is a Peaceful Society
    • The Daily Guide of Muslims
    • The Disease of The World
  • Islam is The Solution Part 2
    • The Efficient Worker
    • The Fragility of Propaganda
    • The Highest Ambition
    • The Honest and Noble Society
    • The Importance of Knowledge and Research
    • The Key to Perfection
    • The Key to Social Triumph
    • The Model Citizen
    • The Perfect Marriage and Couple
    • The Principle of Sustainable Development
    • The Responsible Guardian
    • The Stressful Lives of Modern Society
    • The Trial of Fame and Fortune
    • The World Muslims Should Seek
    • Three Layers of Religious Obedience
    • What Capitalist Society is Lacking
    • What is True Friendship
    • Conclusion
  • Islamic Awakening: Prelude To The Revolution
  • Society and Islam
    • Maxims of Islam
    • How Can a Muslim Contribute to Islam?
    • Contemporary Muslim Mindset
    • Woman in Islam vs Woman in Feminism
    • Secularism and Individualism | Secularism Causes and Effects
    • Islamic Micro Charity Scheme
    • A Model of Islamic Charity
    • Socio-Economic Islamic Paradigm
    • The Solution to Rape Problem of Third World Countries
    • Slavery in Islam
    • Child Marriage in Islam
    • The Muslim Character
    • Why I Accepted Islamic Faith?
    • Quran’s Dialogue with World Faiths & Beliefs
    • Why Muslim Countries are Backwards?
    • Jahiliyya of Muslim
    • Medrasa System: A Factory for Security Personnel
  • Islamic Defense Blog
  • Islamic Resistance in Video
    • Everything About Israeli-Palestinian Conflict
    • Western Imperialism
    • Everything About Hindutva
    • Islamic Rule
  • Contact
  • About Political Islam
  • Political Islam
    • Reforming the Muslim Mind
    • Muslims Need Political Islam
    • Muslim Political Suicide
    • Concept of Ummah
    • 50 Political Maxims of Islam and Muslim Existence
    • Why Islam Prohibits Nationalism?
    • Important Vocabulary of Political Islam
    • Quran: Book of Divine Government
    • The Religio-Political Mission of Prophet Muhammad (PBUH)
    • Why Doesn't God Help The Oppressed?
    • Framework of Islamic Rule: An Analysis of Constitution of Medina
    • Constitution of Islamic Republics/States
    • Reforming Muslim Political Existence
    • Duty of Muslim Countries in Fighting Islamophobia: Reasons and Techniques
    • International Human Rights and Islamic Human Rights: A Comparison
    • How Islam see the jurisdictions of the world?
    • Free Will, Determinism and Islamic Self-Determination
  • Geopolitics and Islam
    • Towards Islamic Rule
    • The Reality of Muslim People Today: Rubbish and Scum of Earth
    • Enemies of Islam in Quran & Muslim Reluctance to Quran's Geo-Political Warnings and Admonitions
    • Muslim Secularists: Greatest Obstacle to Islamic Revival
    • Gulf Hypocrisy
    • Muslim Development and Policies
    • The Landscape of Muslim Terrorism
    • The Promised Land Belongs to Muslims
    • A History of European Fascist Genocides
    • Terrorism in World Religions and Ideologies
    • Nature of Historical Muslim Conquests
    • Saudi vs Iran: Not a Sunni vs Shia War
    • Media Propaganda Against Islam and Muslims
    • Hindutva: Hindu Fascism
    • Hindutva's Hinduism
  • Islamic Law | Shariah
    • Human Freedom Under Shariah Law
    • Need of Sharia Law for Muslim Countries
    • Practical Islamic Rule and Governance
    • Everything About Shariah Law
    • Muslim Secularists: Existential Threat to Islam
    • Islamisation Model: Policies and Examples
    • Iran: The Only Islamic Country | The Light in The Darkness
    • Imam Hussein and Iran
  • Economy and Finance in Islam
    • Disastrous Interest Based Secular Financial System
    • Neocolonialism and Global Financial Apartheid
    • Neocolonialism Demonstrated- New Confessions of an Economic Hit Man
    • Islamic Finance and Iran
    • Ten Reasons Islamic Financial and Economic Models Need Global Implementation
    • Restructuring The Financial Landscape of Muslim Countries
    • Kickstarting The Islamic Economy
    • Malthusian Protocol: The Corporatocratic Ideology
    • Islam, Muslims and Economy
      • Foundations of Islamic Economic
      • Nature of Muslim Economy
      • Muslim Consumer
      • Factors of Production
      • Interest Free Financial System
      • Regulated Economy
      • Muslim Stock Exchange
      • Welfare Economy
      • Minimum Wage
      • Islamic Taxation
      • Job Creation
      • World Bank, IMF, WTO
      • Conclusion
  • Islam is The Solution Part 1
    • About This Writing
    • Destroyer of Society
    • Ethics of Wisdom
    • Every Good Act Can Be A Worship
    • How Can You Be Blessed
    • Importance of Understanding Current And Evolving Trends
    • Muslims Need to Invest In
    • Standards of Judgement
    • No To Popularism
    • No To Overconfidence/Underestimate
    • Practical Islamic Brotherhood and Political Philosophy
    • Pragmatic Destiny
    • Principle of Good Governance
    • Principle of Peaceful Social and International Relationship
    • Principles of International Relations in Islam, International Diplomacy in Islam
    • Human Life Precedes Profit and Protocols
    • Qualities of The Seeker of Wisdom
    • Scholars of Kings and Rulers
    • The Content Society is a Peaceful Society
    • The Daily Guide of Muslims
    • The Disease of The World
  • Islam is The Solution Part 2
    • The Efficient Worker
    • The Fragility of Propaganda
    • The Highest Ambition
    • The Honest and Noble Society
    • The Importance of Knowledge and Research
    • The Key to Perfection
    • The Key to Social Triumph
    • The Model Citizen
    • The Perfect Marriage and Couple
    • The Principle of Sustainable Development
    • The Responsible Guardian
    • The Stressful Lives of Modern Society
    • The Trial of Fame and Fortune
    • The World Muslims Should Seek
    • Three Layers of Religious Obedience
    • What Capitalist Society is Lacking
    • What is True Friendship
    • Conclusion
  • Islamic Awakening: Prelude To The Revolution
  • Society and Islam
    • Maxims of Islam
    • How Can a Muslim Contribute to Islam?
    • Contemporary Muslim Mindset
    • Woman in Islam vs Woman in Feminism
    • Secularism and Individualism | Secularism Causes and Effects
    • Islamic Micro Charity Scheme
    • A Model of Islamic Charity
    • Socio-Economic Islamic Paradigm
    • The Solution to Rape Problem of Third World Countries
    • Slavery in Islam
    • Child Marriage in Islam
    • The Muslim Character
    • Why I Accepted Islamic Faith?
    • Quran’s Dialogue with World Faiths & Beliefs
    • Why Muslim Countries are Backwards?
    • Jahiliyya of Muslim
    • Medrasa System: A Factory for Security Personnel
  • Islamic Defense Blog
  • Islamic Resistance in Video
    • Everything About Israeli-Palestinian Conflict
    • Western Imperialism
    • Everything About Hindutva
    • Islamic Rule
  • Contact

Ten Reasons Islamic Financial and Economic Models Need Global Implementation


  1. Islamic system safeguards us from the harm of inflation. Current financial system causes inflation through its interest-based scheme. As banks charge more interest borrowers (firms and businesses) charge more for their products and services which causes a domino effect for all businesses related to the borrower’s firm causing them also to increase their products and services prices. This causes inflation in long term. Another reason is changing interest rates cause firms to change policies towards their working capital (less investment in it) which may cause shortage of production and service leading to higher demand and inflation. The bigger a business is the more it charges generally because of the higher the cost of finance is (debt + equity). The reason for higher cost is particularly due to cost of debt which is a result of interest-bearing financial scheme. That is why common people find it difficult to afford quality goods and services. Solution is Islamic economic and financial system
  2. Islamic system is based on natural currency such as gold. By these standard banks are limited to create money as much as the speed of gold mining. In current financial system banks act as gods and create money out of nothing.
  3. Islamic system aims at generating Islamic taxes from investments which not only helps firms but also the common people through a social welfare model.
  4. Islamic system is just and fair for corporate governance as it holds the accountable responsible for their duties. In current financial system the owners of companies can walk away in case of default. This is called limited liability. Often this helps the rich shareholders and harms the suppliers.
  5. Islamic tax is levied on human agents whether Muslim or non-Muslim and not on abstract entities such as firms as is the case with current financial system. By this legalized identity of abstract entities such as firms, rich corporations escape paying tax by deception and legal loopholes.
  6. Current financial system is a competition among rich and powerful corporations which has cause numerous coups, civil wars and genocides. Islamic system encourages to collaborate with each other instead of competing. The synergistic effect of this will lead to shared and mutual business growth, data sharing, fulfilling clients’ needs effectively, helping the new businesses enter the market, research & development.
  7. In modern financial system shareholders are given priority in cases of conflicts between shareholders and business managers and stakeholders. This is called the principle-agent problem. Shareholders are given priority because of they being mostly from the upper financial and economic classes. However, in Islamic financial system everything is well defined through Shariah law which is summarized in the maqasid shariah or the objectives of Islamic law. So, the financial world must fashion their financial relationships with shareholders and stakeholders according to these goals
  8. Current financial system is based on debt slaving not only of individuals but of nations. At its worst, the Bank has been used to underpin the rule of corrupt and tyrannical leaders and force entire nations into debt slavery. Islamic system rejects debt slavery because Islamic system rejects interest bearing scheme of financial activities.
  9. Current financial system is based on the philosophies of McNamara and Friedman which are aggressive leadership, deregulation, profit at any cost without any accountability or transparency. Islamic system when performing financial investment appraisals, financing from sources, financial control and dealing with capital markets foreign or local, obligates human and environmental welfare. This welfare can be its ability to empower human demography, empower the human capital, effect on the job industry, effect on society and morality, effect on human rights and effect on environment for example. Islamic investment should not only consider an achievement on economic benefits but also avoidance of social, human and environmental harm as an obligation and reaping social, human and environmental benefits as charitable.
  10. In current economic and financial system minimum wage is set on the basis of the lowest paid labor. This does not do justice to those who are more skillful. ​Islamic system proposes a minimum wage which should be defined based on job category. A highly skilled person should have a different minimum wage than a hard labor who works as a street cleaner. This is because according to Quran 39:9 those who know are not equal to those who do not know.
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  • About Political Islam
  • Political Islam
    • Reforming the Muslim Mind
    • Muslims Need Political Islam
    • Muslim Political Suicide
    • Concept of Ummah
    • 50 Political Maxims of Islam and Muslim Existence
    • Why Islam Prohibits Nationalism?
    • Important Vocabulary of Political Islam
    • Quran: Book of Divine Government
    • The Religio-Political Mission of Prophet Muhammad (PBUH)
    • Why Doesn't God Help The Oppressed?
    • Framework of Islamic Rule: An Analysis of Constitution of Medina
    • Constitution of Islamic Republics/States
    • Reforming Muslim Political Existence
    • Duty of Muslim Countries in Fighting Islamophobia: Reasons and Techniques
    • International Human Rights and Islamic Human Rights: A Comparison
    • How Islam see the jurisdictions of the world?
    • Free Will, Determinism and Islamic Self-Determination
  • Geopolitics and Islam
    • Towards Islamic Rule
    • The Reality of Muslim People Today: Rubbish and Scum of Earth
    • Enemies of Islam in Quran & Muslim Reluctance to Quran's Geo-Political Warnings and Admonitions
    • Muslim Secularists: Greatest Obstacle to Islamic Revival
    • Gulf Hypocrisy
    • Muslim Development and Policies
    • The Landscape of Muslim Terrorism
    • The Promised Land Belongs to Muslims
    • A History of European Fascist Genocides
    • Terrorism in World Religions and Ideologies
    • Nature of Historical Muslim Conquests
    • Saudi vs Iran: Not a Sunni vs Shia War
    • Media Propaganda Against Islam and Muslims
    • Hindutva: Hindu Fascism
    • Hindutva's Hinduism
  • Islamic Law | Shariah
    • Human Freedom Under Shariah Law
    • Need of Sharia Law for Muslim Countries
    • Practical Islamic Rule and Governance
    • Everything About Shariah Law
    • Muslim Secularists: Existential Threat to Islam
    • Islamisation Model: Policies and Examples
    • Iran: The Only Islamic Country | The Light in The Darkness
    • Imam Hussein and Iran
  • Economy and Finance in Islam
    • Disastrous Interest Based Secular Financial System
    • Neocolonialism and Global Financial Apartheid
    • Neocolonialism Demonstrated- New Confessions of an Economic Hit Man
    • Islamic Finance and Iran
    • Ten Reasons Islamic Financial and Economic Models Need Global Implementation
    • Restructuring The Financial Landscape of Muslim Countries
    • Kickstarting The Islamic Economy
    • Malthusian Protocol: The Corporatocratic Ideology
    • Islam, Muslims and Economy
      • Foundations of Islamic Economic
      • Nature of Muslim Economy
      • Muslim Consumer
      • Factors of Production
      • Interest Free Financial System
      • Regulated Economy
      • Muslim Stock Exchange
      • Welfare Economy
      • Minimum Wage
      • Islamic Taxation
      • Job Creation
      • World Bank, IMF, WTO
      • Conclusion
  • Islam is The Solution Part 1
    • About This Writing
    • Destroyer of Society
    • Ethics of Wisdom
    • Every Good Act Can Be A Worship
    • How Can You Be Blessed
    • Importance of Understanding Current And Evolving Trends
    • Muslims Need to Invest In
    • Standards of Judgement
    • No To Popularism
    • No To Overconfidence/Underestimate
    • Practical Islamic Brotherhood and Political Philosophy
    • Pragmatic Destiny
    • Principle of Good Governance
    • Principle of Peaceful Social and International Relationship
    • Principles of International Relations in Islam, International Diplomacy in Islam
    • Human Life Precedes Profit and Protocols
    • Qualities of The Seeker of Wisdom
    • Scholars of Kings and Rulers
    • The Content Society is a Peaceful Society
    • The Daily Guide of Muslims
    • The Disease of The World
  • Islam is The Solution Part 2
    • The Efficient Worker
    • The Fragility of Propaganda
    • The Highest Ambition
    • The Honest and Noble Society
    • The Importance of Knowledge and Research
    • The Key to Perfection
    • The Key to Social Triumph
    • The Model Citizen
    • The Perfect Marriage and Couple
    • The Principle of Sustainable Development
    • The Responsible Guardian
    • The Stressful Lives of Modern Society
    • The Trial of Fame and Fortune
    • The World Muslims Should Seek
    • Three Layers of Religious Obedience
    • What Capitalist Society is Lacking
    • What is True Friendship
    • Conclusion
  • Islamic Awakening: Prelude To The Revolution
  • Society and Islam
    • Maxims of Islam
    • How Can a Muslim Contribute to Islam?
    • Contemporary Muslim Mindset
    • Woman in Islam vs Woman in Feminism
    • Secularism and Individualism | Secularism Causes and Effects
    • Islamic Micro Charity Scheme
    • A Model of Islamic Charity
    • Socio-Economic Islamic Paradigm
    • The Solution to Rape Problem of Third World Countries
    • Slavery in Islam
    • Child Marriage in Islam
    • The Muslim Character
    • Why I Accepted Islamic Faith?
    • Quran’s Dialogue with World Faiths & Beliefs
    • Why Muslim Countries are Backwards?
    • Jahiliyya of Muslim
    • Medrasa System: A Factory for Security Personnel
  • Islamic Defense Blog
  • Islamic Resistance in Video
    • Everything About Israeli-Palestinian Conflict
    • Western Imperialism
    • Everything About Hindutva
    • Islamic Rule
  • Contact