Despite the US Federal Reserves intervention last week to shore up the US dollar, the currency is showing little sign of recovery. Many analysts now predict that the US economy at the very least will stay in recession for sometime, while others forecast a substantial collapse in the value of the dollar prompting a global depression. Whatever the outcome, the precarious position of the dollar presents an opportunity for Saudi Arabia and the Gulf countries that possess enormous dollar reserves and trade in petro-dollars. If these countries were to withdraw dollar assets from US banks, and also start selling crude oil in a currency other than the US dollar, then the American economy would very quickly collapse. Just this move alone would force the US to spend its the huge military budget on starving Americans at home and substantially reduce its military commitments abroad. Had these rulers possessed iota courage they would have undertaken such a step long ago to rescue Muslims in Palestine , Iraq and Afghanistan from US subjugation.
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 ...
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