Islamic Revival

Question: I recently found out that owning shares in PLC companies is haram according to the Shariah, if I have already purchased shares in such companies based upon the fatawa of some mufti's who don' t understand the reality of these companies then how can I dispose of them? Is it allowed to sell them? Answer: This matter has been explained by Sheikh Taqiuddin an-Nabhani in the book'The Economic System of Islam' page 162-163, in the english translation. The following is the text: "The above discussion raises questions about the Muslims who buy shares of these companies, associate in establishing them, or hold shares due to their subscription in such companies. Was their action haram, even though they were ignorant of the divine law (hukm shar'i) at the time of their subscription into these companies? Or if some scholars, who did not understand the reality of the share stock company, and gave them a fatwa (of permission) with regard to them, are these stocks

On 23/5/2008, President Dmitri A. Medvedev of Russia and President Hu Jintao of China condemned American proposals for a missile shield in Europe. Both countries called the plan a setback to international trust that was likely to upset the balance of power. During the visit Medvedev following Putin’s footsteps said, ”I will say frankly that not everyone likes the strategic cooperation between our two nations but we understand that it's in the interests of our people and we'll strengthen it whether others like it or not...”' As a signal of the warming ties between China and Russia, the two countries signed a $1 billion agreement for Russia to build a nuclear fuel enrichment plant in China and supply uranium. Furthermore trade between the countries rose to $48.17 billion last year from $10.67 billion in 2000. These developments clearly indicate that the world is truly becoming a multi-polar, where different power centres such as Russia and China feel confident enough to openl

At a summit in Brasilia , Brazil , on Friday 23rd of May, 12 South American countries formally constituted the Union of South American Nations (UNASUR), a regional integration initiative which began informally in 2004. The countries that make up UNASUR are Venezuela , Colombia , Argentina , Bolivia , Brasil , Chile , Ecuador , Guyana , Paraguay , Peru , Surinam , and Uruguay , encompassing a total population of 380 million inhabitants Venezuelan President Hugo Chávez described UNASUR as the culmination of the region’s search for unity. "Only in unity will we later have, progressively, complete political, economic, cultural, scientific, technological, and military independence," Chávez commented. However, Chavez’s upbeat assessment of the new union is misplaced. Whilst Chavez leads a small bloc of countries that are avidly anti-American, most other countries that are part of the union toe the American line. This polarization will ensure that policy makers in Washington retain