Category: Economics
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What is Money?
Tauheed Ali Bhatti Some people work all their lives for it. Some people have huge amounts of it, and some have almost none of it. Some steal it, some kill for it. Some men and women marry for it. Some people gamble everything they can, hoping to win more of it and some actually do…
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Bimetallic Is Better- Flaming Fake Fiat Vs. The Real Deal
Malik Datardina Policy: The State must use gold and silver as the medium of exchange. The State cannot use fiat, cryptocurrency or anything else as the official currency. The State can issue banknotes (or digital notes) that are fully convertible into gold or silver. Individuals are also allowed to barter. Proofs: To understand why the…
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Islam & Robots: Will The Islamic Political Structure Stop Automation?
Malik Datardina Question: “The question remains.. will the Islamic political structure stop automation or robotics from happening? Is it not allowed for me to have a fully automated restaurant. If it is not allowed then it means Islam hinders progress. And if it is allowed.. the it means.. we will have the job crises again.“…
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What’s New in Pakistan?
At the end of July, Imran Khan was elected as the Prime Minister of Pakistan. He ran on an anti-corruption, pro-welfare campaign that promised to restore dignity and prosperity to the lives of the Pakistani people. He said he would usher in a “New Pakistan” that was built on transparency, welfare and meritocracy. He went…
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Money & Economics in Islam, is it a viable alternative for humanity?
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Equi-nomics: The optimally balanced economic system for humanity and nature
By: Nadeem Haque The best economic system that maximizes justice and peace should be the optimal system for both humanity and nature. In this article it will be illustrated, in a brief but hopefully concise manner, that what I call Equi-nomics is that optimal system, because it is the only one that has the ability…
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Economics & Caliphate in Islam — Saviour for Humanity? Talk with Dr. Kevin Barrett
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Money Should Be Used, Not Rented
Malik Datardina Money cannot be loaned to another human being for a profit (i.e. interest) regardless of whether it is a loan, mortgage, credit card, bonds or any other financial service. Money should only be a medium of exchange; a tool to enable buyers and sellers to settle transactions. It is not meant to…