Covid-19 an Opportunity for Pakistan

 

You might think that I am some sort of sick capitalist who is looking for opportunity in a pandemic, trust me I am not. If fact I am not a fan of capitalism either. So spare five minutes to go through what I have to say. We in Pakistan are at a unique sweet spot regarding industrialization. Fortunately we have not industrialized and automated to the scale and level as in the western world and that provides us an opportunity not available to the western world. Let me give you a few examples to illustrate my point.

Coronavirus is a sheep dog

“Markets to open five days a week from sehri  till 5pm” was the news regarding relaxation in COVID-19 related lock-down in Pakistan. In a very ironic way this virus is acting as a sheep dog and compelling people to

Why should Allah take coronavirus away from us?

Why should Allah take this calamity away from us? Just because maulana Tariq Jameel made an emotional prayer on TV, because we give collective azan at 10pm every night etc? Question is what we, as a nation are going to pledge to Allah if HE lifts this calamity from us? I am not asking for interest free economy or implementation of sharia laws etc because I know it is beyond us at the moment. It would be a huge blessing if we can simplify our weddings to a nikha in mosque and a one dish walima. No mehndi, barat, oil etc. Can we, especially our females, make this pledge to Allah that not only we would not arrange such functions but we will not even attend such functions? Can we do this minimum?

Post Coronavirus world

Whether it came from a bat or a snake or CIA I don't know. For me the important thing is what will happen when it subsides, ie what global changes will take place. Different powerful individuals and groups will forward

America China conflict is not about economics

Famous Harvard University historian Professor Graham Allison introduced the idea of Thucydides Trap to explain the current conflict between America and China. Thucydides is considered to be one of the first, if not the first, historian. In his explanation of war between Sparta and Athens he wrote “What made war inevitable was the growth of Athenian Power and the fear which this caused in Sparta”. In other words war was started by the then resident power, Sparta, out of fear of a rising power Athens, because Spartans were afraid that Athenians would take over as the dominant power. In current scenario you can replace Sparta with America and Athens with China. Professor Graham presents about a dozen historical cases to support his theory of Thucydides Trap. There are other scholars, like Arthur Waldron who refute his theory. But the fact of the matter is that there is an economic war going on between US and China which might lead to actual war. Surely both America and China are fully aware of Thucydides Trap. So what is going on?

Alaqsa mosque caught fire.

Alaqsa mosque survived a fire almost at the same time that the world was fixated on Notre Dame cathedral ( https://www.newsweek.com/notre-dame-fire-aqsa-mosque-1397259?amp=1 ) fire. Forget about international news media, this was not reported by majority of our own news media, why? Because majority of our news media is a “For Sale” item. What people don't realize is that most likely the Alaqsa fire was a test run by Zionists to see the reaction of Muslim ummah. And the result of the test run, to the satisfaction of Zionists, is that the Muslim ummah is not bothered about Alaqsa and what happens to her. As I have written in my previous article ( http://nadeemchaudhry.blogspot.com/2019/04/jordan-next-country-to-get-american.html ) Netanyahu is hell bent on rebuilding the third temple and for that Alaqsa mosque has to be destroyed. Some people may think it is stretching it too much but I think that the suspected Israeli pilot in the Indian attack on Pakistan earlier this year is related to this broader scheme. Zionists and RSS minded Hindus collaborated but Allah helped and PAF was able to stop the aggression. Now they will try the financial battle and for that they have sent Dr Abdul Hafeez Sheikh, a known economic hitman as our next finance minister. When the economic situation will become terrible than who will care if Alaqsa burns to ground or not.

 

P.S: If you don’t know who is an economic hitman then watch https://www.youtube.com/watch?v=btF6nKHo2i0

Money Creation and Islamic Banks

Creation of Money and Islamic Banks

Dr. Asad Zaman[1]

1      Introduction

In ancient times, alchemists searched for the secrets of turning base metals into gold. In modern times, the fractional reserve banking system has turned the dreams of the alchemists into a reality. However, the secrets of credit creation by banks are kept hidden from the general public. For this reason, discussions and controversies about Islamic banking have not mentioned this crucial issue, even though rulings about the legitimacy or otherwise of financial transaction within Islamic law depend on it. 

Freedom of ownership: the freedom to oppress, persecute and enslave

We are living in the era of industrial feudalism. Large capitalist corporations own and control almost everything on which the society depends. Building blocks of economy like oil, gas, electricity, sources of industrial raw materials and metal ores as well as human intellect are privately owned by large capitalist corporations.

What good can we expect when such basic things are monopolized in a few hands? This freedom of the capitalist to own whatever suits his profiteering transforms bulk of the society into a peasant worker class.

Islam does not allow this freedom to enslave the whole society. The Messenger of Allah (S.A.W) provided comprehensive guidance about who can own what. Sharia rules of ownership protected Islamic society against feudalism for more than ten centuries, until European powers colonized and enslaved Muslim ummah into the clutches of both agrarian and industrial feudalism.