Skip to main content

Eradicating Riba (Usury) - The Taliban can break free from the grip of the oligarchy

By
The following is a translation of an Arabic article.

Eradicating Riba (Usury)

The Taliban can break free from the grip of the oligarchy of satanic globalization and make a change in its structure

1. Eradicating the interest completely, including but not limited to:

a. Clearing all interest-based banks and turning them into Islamic banks. The most important part of this is the complete ban on issuing the Riba-based credit cards and replacing them with non-Riba cards: Debit Cards or Prepaid Credit Cards.

b. Complete ban on using Credit Cards in all over the country, irrespective of the entity that has issued it, even if foreign.

c. The State should fully desist and forbid public and private companies from issuing Riba-based bonds and replace them with Mudharaba instruments and other permissible financing contracts.

2. Declaration of Public Property

a. Declare ores, minerals (including oil and gas), and water as public property, regardless of the ownership of the land in which it is found. This is not (just) a notification; rather it is the violated right being returned to its (actual) owner, i.e., the Ummah that owns it. Thus, the violator will not be entitled to any compensation, and it would be enough to spare him punishment. The State should take care of the public property, as a trustee of the nation, not as the owner of that property, unlike the things owned by the State (such as buildings, weapons, equipment, furniture, vehicles, all means of transportation, etc.) that are owned by the State in its capacity as a legal person, and in which it acts as a legitimate owner. Landowners may be granted jurisdiction over rain surface waters (not deep fossil aquifers) and vile minerals (soil, sand, grit, stones, and rocks) with good, while considering environmental controls and preventing pumping, drilling, and unjust retention.

b. Natural parks, forests, and pastures should be declared public property while enabling everyone to benefit from these with good and preventing collecting firewood and unjust grazing. Tribes, villages, or village communities may be granted the right to have jurisdiction over known forests or pastures, so they have the priority of exploiting them with good. Some of these forests and pastures could be transformed into wildlife sanctuaries, or grazing of state-owned livestock, shooting ranges, military training, and maneuvers, or other interests of the nation and the needs of the State.

For further Shari' rooting, you can review the book "Economic System in Islam" by Shaykh Imam Abu Ibrahim Taqiuddin an-Nabhani (may Allah have mercy on him):
https://www.dopdfwn.com/cacnretra/scgdfnya/pdf-books-org-R7XT9.pdf

3. Declaring the absolute freedom of exchange and trading between currencies (without any difference between official, encrypted, gold and silver, etc.), including (import) and (export). Many good results of this include:

Firstly: elimination of smuggling, black market, and other anomalous sick phenomena.

Secondly: the disassociation of cash with political maneuvers, breaking it from the dominance of central banks, which in their totality, are subjected to the international Tawagheet (false gods), and international systems of Kufr (disbelief).

4. Declaring major cryptocurrencies (such as Bitcoin, Ethereum, ADA, XRP, and perhaps LTC, BCH, USD, in addition to the local Afghan currency as Legal Tender. All of them could be accepted as a value against goods and services.

It is worth mentioning that the Afghan people have good practice of using cryptocurrencies. More than half of the population owns smartphones. It ranks in 20th position (among 120 nations) in adopting cryptocurrencies in general and 7th position in using cryptos peer–to–peer.

https://www.cnbc.com/2021/08/24/afghans-turn-to-crypto-market-for-stability-during-taliban-takeover.html

https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index

The state does not need other than legalization. Although it is advisable for the State to deploy a sufficient number of atms (ATM), which serve for free (without commission) to facilitate the public (as the State of El Salvador now does:

https://www.business-standard.com/article/international/el-salvador-readies-bitcoin-rollout-with-200-atms-for-conversion-121082500046_1.html

5. Abolishing any old currency and currency taxes, such as Capital Gain Tax, etc., and no such taxes should be enacted in the future: only Zakat (which should be regulated by a special law) should remain.

Professor Muhammad al-Massari
5th September 2021


Arabic Source

Related article: Q&A: Crypto currency and Bitcoin
 
Labels:

Comments

Khalid said…
I thought cryptocurrency was haram… ?
Tuesday, September 07, 2021
Post a Comment

Popular posts from this blog

An advice to Muslims working in the financial sector

By
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 ...
106 comments
Read more

Authenticity of ahadith on tall buildings in Makkah?

By
Question Are these   ḥadith  sound? Are the references provided correct and accurate? When you see the belly of Makkah will be cleft open and through it will be dug out river-like passages (i.e. tunnels) (or water in the road to Makkah), and you see the buildings surpass its mountains, then take care (or beware, or a variant has: then know that the matter is at hand, or then understand that the time of trial (Judgment day) is near at hand). [Narrated by Al-Azraqi in the Book of reports about Makkah – Kitab Akhbaar Makkah, Hadiyth-1725; A specific Hadiyth (in fact several related-Hadiyths) which prophesizes about this Tower. Itha ra’aitun mecca bu’ijat katha’ima, wa ya-tasawa bunyanuha ru’usa jibaliha, faqad athalati as-Sa’atu. When you see Mecca, its mountain with holes (pierced through them), and its buildings reach its mountain tops, then as-Sa’ah (the Hour) has already cast its shadow. [Suyuti] So when you see in Makkah that channels have already been dug (or tunnels b...
Post a Comment
Read more

The Shariah rules relating to mixing between the sexes

By
In Islam, the basic principle of the interaction between men and women is segregation. This means that in all areas of life and in all places whether private or public, contact between men and women is generally prohibited. Many evidences establish the principle of not mixing between the sexes, and there are many ahadith which clarify that this is the case in both public and private areas: Abu Hurairah reported that the Messenger of Allah said: "The best rows for the men are the first rows and the worst rows for them are the last rows. The best rows for the women are the last rows and the worst for them are the front rows." The last rows are the best for the women because they are farther away from the men as against the first rows that are nearest to men's rows. [This is related by the group except al-Bukhari]  In Abu Dawud, p.284, Hadith No. 4931, it is narrated upon the authority of Aisha (ra) that she said: "I used to play with my friends and whenever the P...
77 comments
Read more