More on the Saudi man sentenced to 10 years in prison and 2000 lashes and fined twenty thousand Riyal, after posting about his atheism on Twitter

Daesh Saudi

According to an Al-Watan report, “religious” police in charge of monitoring social networks in Saudi Arabia have claimed to have found more than 600 tweets denying the existence of God, making fun of Koranic verses, accusing prophets of lies and saying that religious teachings fuelled war.

The 28-year-old behind the tweets admitted being an atheist and refused to recant, saying what he wrote reflected his beliefs and that he had the right to express them.

Once again, the Saudi regime has demonstrated its Wahhabi ideological affinity to Daesh (ISIS/ISIL), shamelessly trampling on human rights guaranteed by the Qur’an. It is a matter of great concern that so many non-Muslim nations around the world are perfectly willing to do business with these barbarians, while they continue to persecute their own citizens with such cruelty. Even more alarming is the fact that, not caring one bit about the future suffering of all those who would fall into the claws of such an evil ideology, the United States actually encouraged the spread of Saudi Wahhabism around the world, as per Hillary Clinton’s own testimony (apologies for the poor video quality):

So, what DOES Islam say about apostasy, or abandoning Islam publicly? A former Judge at the International Court of Justice, in the Hague, the Netherlands, opens up this important issue HERE. The time has come for Muslim-majority nations to shake off the influence of Wahhabism imposed upon them by false champions of Human Rights, and to return to the reasonable and peaceful teachings of their Holy Book.

The Difference between a Divinely-Revealed Economic Programme and a Man-Made one: How Islamic Economic Theory Can Prevent the Looming Global Recession

If they switched to the economic programme revealed in the Qur’an, today’s super-rich in both the Muslim and non-Muslim worlds could still live very comfortable lives, and everyone could be a lot happier. But are they brave enough to want to free themselves from the powerful grip of materialism and greed?

by Syed Muhammad Saleh Nasser & Syed Muhammad Tahir Nasser

Economic inequality is bad news for both rich and poor, as economists are slowly realising. House of Debt, acclaimed by the Financial Times as the “most important economics book” of 2015, by Princeton’s Professors of Economics, Atif Mian and Amir Sufi, demonstrated this well. They showed that the main cause of the 2008 U.S-led global recession was that indebted households pulled back on spending more during an economic downturn than the less indebted, driving businesses big and small into the ground and putting the whole economy into recession. Given that as of December 2015 household debt in the UK stands at a staggering 135% of income, and that U.S household debt is the highest it has been since 2010, we have good reason to worry.

The root of this problem is debt and the consequent wealth-gap between creditors and debtors. Interestingly, Islamic economic theory addresses such inequality and provides real solutions. Did you even know that Islam teaches economics?

Islamic economic theory differs from our current model in two particular ways: firstly, capital taxation, known as zakat (meaning: “that which purifies”) is advocated over income taxation, and secondly, interest is prohibited. In truth, these two mechanisms go hand in hand. Here’s how.

There are two things in an economy: 1) money; 2) goods (like ice cream) and services (like launderettes). The value of money is only in its ability to obtain goods/services. Beyond this, it has no value in and of itself. This is the basic premise of money and the basic premise of Islamic finance. It is this principle that is violated by interest.  How so?

Let’s take a society comprised only of 100 bottles and £100. 1 bottle = 1 pound. If the number of bottles increases by 50 but the amount of money in society increases by £200, then we will have 150 bottles and £300. Now 1 bottle = £2. The value of each bottle has gone up but the value of £1 has gone down. Now £1 only gets you half a bottle, whereas before you could get a whole bottle. This is called Inflation and occurs when the amount of money in society rises quicker than the goods/services. This process results in 1) goods/services getting more expensive and 2) money becoming relatively devalued.

Interest is the key driver of inflation. This is because interest results in money multiplying itself without any increase in goods/services. An individual with £100,000 in the bank gets an increase on his savings of £2000-£3000/year at an interest rate of 2-3%. His money has grown without any commensurate increase in the goods/services of society at all. This is the key driver of inflation: as the money of the rich grows exponentially and since sale is always to the highest bidder, the price of goods/services increases exponentially too.

The key to understanding how inflation drives wealth inequality in society is to understand that the rich live on their assets (acquired goods/services) through the generation of money via interest and inflation, not on their income. On the other hand, the poor live on their income, as they don’t have assets to any great extent. As inflation pushes the value of assets up while devaluing cash, the rich who hold assets get richer, while the poor, who live on cash from their incomes, have rising interest-driven debts to pay with a currency that is increasingly devalued, while trying to buy assets that are continuously increasing in price. Is it any surprise then that the wealthiest sixty-two individuals in the world hold as much wealth as the poorer 50% of humanity?

Islamic teachings address these issues very simply. Instead of taxing income, it advocates capital taxation of assets unused for one year (zakat). At the same time, it prohibits the system of interest, thus preventing inflation and preventing the devaluation of the income of the poor. Instead of providing loans with interest, Islam encourages banks to make investments, meaning that money would only be printed if a commensurate increase in goods/services were to occur. In cases where interest-free loans are made, it encourages debt-forgiveness as healthier than debt-enforcement – something that governments are today catching on to.

By taxing assets unused for one year instead of income, the poor, who live on their income, are freer to spend, thus driving the wheel of economic consumption, keeping businesses big and small, afloat. Capital taxation would also drive economic growth as it would be an incentive to invest into businesses. Furthermore, it would enrich the government, as demonstrated by Daniel Altman of the New York Times, who showed that a capital taxation rate of 1-2% on wealth over $500,000 would generate more tax for the U.S Treasury than their current income taxation rates. 0% taxation on assets up to $500,000 would also give ordinary individuals the freedom to build wealth. Additionally, by ridding us of interest, the indebted would be more able to move out of debt. Finally, given that the Qur’an commands that zakat money be used to aid social mobility, through distribution to the poor, needy, imprisoned, indebted etc., the gap between the rich and the poor would be further rapidly reduced.

So if a capital taxation, non-interest based system is so much better for 99.9% of people, why don’t we use it? Why have we got a system that works for only the 0.1%? Simple: the 0.1% have access via back-channels to the law-makers of our nations. If anything the Sanders-Clinton race has exposed, it is the degree to which financial manipulation of our representatives is occurring behind the scenes. If such an unjust system in which the poor continuously feed the rich continues, then the dissatisfaction of the masses, epitomized in the rise of such leaders like Corbyn in the U.K and Sanders in the U.S, will inevitably get worse.

So there you have it, the difference between an economic system revealed by God and a worldly economic system built on the backs of the poor, now on the brink of collapse. Given however, that “Muslim” countries don’t even practice these economic principles though, I wouldn’t hold out much hope that anyone else will either before the economic recession we are about to slide into, takes hold.

On that note, here’s a good website for calculating how much food to stock up on.

Reproduced from http://www.patheos.com/ where it appeared under the title of “Can Islamic Economic Theory Prevent the Looming Global Recession?” posted by Qasim Rashid. For the original article, click HERE.

 

Universal Moral Values, Politics and World Peace

Over the past two centuries, the world has been drifting away from ethical behaviour rooted in a belief system with God central to all things, towards an atheistic world of selfish materialism in which the moral compass has been broken. As a result, modern civilisation is now racing towards chaos and collapse.

In his 1996 address in Canada to members of paliament and other dignitaries, the then Spiritual Head of the Worldwide Ahmadiyya Muslim Community, Mirza Tahir Ahmad, called on the world to return to Godly virtues. Moreover, he predicted that if mankind failed to return to moral values reflecting the attributes of divine goodness, capitalism, with its usury and interest, would inevitably lead to a global economic crisis and a third world war of terrifying proportions.

Hadrat Mirza Tahir Ahmad

Mirza Tahir Ahmad

Read his short address here.