Islamic Revival

In a statement made to a congressional committee on April 3, 2008, the Chairman of the Federal Reserve Bernanke said that “if Bear Stearns had been allowed to fail, it would have led to a “chaotic unwinding” of Bearn Stearns investments held by individuals and other financial institutions. Moreover, the adverse impact of a default would not have been confined to the financial system but would have been felt broadly in the real economy through its effects on asset values and credit availability”[1]. In an article published by Newsweek, October 11, 2008, Daniel Gross writes [3]: “Back in 2002, Apple’s stock was trading far below the level of cash on its books, ascribing a value of zero to its brands and products, compared with several billion at the height of the boom”. Both statements refer to the existence of two views of the economy: a real economy which is reflected by the level of cash on corporate books, and an inflated, exaggerated view which is reflected in the curr

The following is from the draft english translation of the Arabic book مقدمة الدستور أو الأسباب الموجبة له (Introduction to the constitution and the evidences that make it obligatory) published by Hizb ut-Tahrir 1382 Hijri (1963 CE). Please refer to the original Arabic for accurate meanings. Please note some of the adopted opinions of the Hizb have changed since the time the book was published so any of the adopted literature published after this book which contradicts what is mentioned in this book abrogates those specific points. Article 14: The principle in actions is the abidance by the Shari'ah rule. Hence, no action should be undertaken unless its rule is known. The principle in things is Ibaha (permissibility) as long as there is no evidence stipulating prohibition. Explanation and evidences: The Muslim is commanded to conduct his actions according to the Shari'ah rules. Allah (swt) says: [4-65] "No by your God, they shall not have true belief until they make y

2 November 2008 – British Prime Minister Gordon Brown is currently visiting the Gulf asking oil-rich states to replenish the International Monetary Fund’s coffers and invest in British businesses as the country enters a recession. He said they had a responsibility to contribute “hundreds of billions” more to the IMF’s emergency bailout package “to lend to those countries at risk of financial collapse” and said he was keen on them investing in British business, following the example of Manchester City Football Club and Barclays Bank, which this week raised £5.8 billion from funds in Abu Dhabi and Qatar. Commenting on Brown’s visit, Taji Mustafa, media representative of Hizb ut-Tahrir Britain said, “The gall of Brown and other western leaders is amazing. This crisis originated in the US sub-prime market and has been magnified by the casino of the derivatives market . As people in the West fundamentally question the banking and finance system that has brought this disaster and profits in