Recently, public outrage boiled
over in France following the tragic case of Maricarmen Abascal, an 87-year-old
woman evicted from her home after an investment fund hiked her rent by a
staggering 230%. She passed away in a hospital just a fortnight later. This
heart-wrenching incident is not an isolated anomaly; it is a symptom of a
systemic disease. People are increasingly fed-up with a capitalist system that
prioritizes relentless financial extraction over human dignity. Yet, for many,
the historical alternative of state-controlled socialism brings back
apprehensive memories of the Soviet Union and the ultimate collapse of
centralized command economies.
Caught between the crushing
inequalities of unchecked global capitalism and the historical failures of
state socialism, humanity stands at a crossroads. As Muslims, we hold the
conviction that the ultimate solution lies in the economic framework ordained
by Islam. However, presenting this alternative requires intellectual courage,
deep scholarship, and a clear articulation of how Islamic principles dismantle
the predatory structures of modern finance.
The Anatomy of Modern
Exploitation: Rentier Capitalism and Techno-Feudalism
To understand why common citizens, feel strangled, one must examine the evolution of contemporary
