They reached consensus on the obligatory nature of the appointment of the Imam, the only difference being as to whether it is obligatory on Allah or on people, with transmitted or intellectual evidence. The position of the people of the Sunnah and the great majority of the Mu’tazilah is that it is an obligation on …
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Paper Money and Tyranny – Congressman Ron Paul
Delivered in the House of Representatives September 5, 2003 “All great republics throughout history cherished sound money. This meant that the monetary unit was a commodity of honest weight and purity. When money was sound, civilizations were found to be more prosperous and freedom thrived. The less free a society becomes, the greater the likelihood …
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The Deconstruction of the World Financial Power System: an Analysis of a Different Kind
The Deconstruction of the World Financial Power System: an Analysis of a Different Kind In ancient Rome, a one ounce gold coin (which is REAL Money) bought you a fine toga, a handcrafted belt and a pair of sandals. Today, you can walk into any fine men’s store and, with a one ounce gold coin, …
Empire and The Siege of Bombay by Shaykh Dr. Abdalqadir as-Sufi
FIRSTLY: LET US TAKE THE LONG VIEW. The first Empire with world hegemony was the British Empire. The British Empire began when Disraeli persuaded Queen Victoria to claim India as Imperatrix. She was declared Empress in 1877. The Empire lasted precisely 70 years. It came to an ignominious end under Viceroy Lord Mountbatten, whose wife, …
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The Compendium of Knowledge and Wisdom
A talk by Shaykh Muhammad al-Yaquobi on the Compendium of Knowledge and Wisdom, our translation of the Jami’ al-‘ulum wa’l-hikam of Ibn Rajab al-Hanbali, may Allah be merciful to him. This was Ibn Rajab’s collection of fifty hadith, comprising the Forty (actually 42) of Imam an-Nawawi, may Allah be merciful to him, and another eight …
Derivatives is the name of the game
Forget about any idea of sub-prime mortgages and other types of toxic waste being the cause of the current meltdown. The real story is the derivatives market, and to understand why, look carefully at the statistics below: According to the U.S. Comptroller of the Currency (OCC), on June 30, 2008, U.S. commercial banks held $182.1 …
The Last Straw – Robert Luongo
In 1812 Sultan Mahmut II sent an order from Topkapi that the wahhabis should be removed from the cities of Makkah, Madinah and Jeddah. It must be noted that the period of Mahmut’s rule, 1839-76, known as the Tanzimat, was, according to the confirmed Islamic perspective (differentiated from an Orientalist reading of events) the point …
Letter to a New Muslim, part 2
So you are a new Muslim, and you may be such even if you have a lineage of Muslim ancestors that stretches back for generations, for each person who genuinely discovers Islam, confirms it and determines to live by it is always new. You are beginning to find your feet in this strangely topsy-turvey world …
Islamic banking is “Riba in a new get-up” say top Pakistani muftis
?Unanimous Fatwa (Ruling) on Islamic Banks by the most Senior Islamic Scholars and Mufti’s from all the four Provinces of Pakistan. (This is the English translation of the last page of the fatwa where they conclude with a ruling signed by the Mufti’s as signatories, the full fatwa extends to a detailed judgment of …
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Bank collapse and shareholders
Many interpret the string of bank, and now corporation, collapses as if the power elite were suffering, forgetting that banks and corporations are not the same as their shareholders, and their interests are not the same. If you understand the nature of the ‘corporation’, that it is regarded legally as a ‘person’, meaning that its …