Khilafah Ends Slavery To IMF | HTMedia | إعلاميات حزب التحرير

بسم الله الرحمن الرحيم
Khilafah Ends Slavery To IMF

Rather than refusing to pay the 3 trillion rupees in interest as Islam mandates, Pakistan’s rulers will be taking even more interest-based loans, to help cover the 3.5 trillion rupees federal fiscal deficit.

Thus, the current government is plunging Pakistan deeper into interest-based debt, as every previous government has done.

In 1971, Pakistans debt was 30 billion rupees. By 2011, Pakistans debt soared to 10 trillion rupees and now it has quadrupled, approaching 40 trillion rupees, just ten years later!

It is the Khilafah alone that will end the merciless seizing of taxation from our poor and indebted and spending on sinful interest payments.

It is the Khilafah alone that will seize the actual principals of loans from the assets of the corrupt officials and rulers, as Islam forbids the wealth of misappropriation (ghalool).

The Khilafah will collect substantial revenues from the financially capable, such as Kharaaj from the owners of agricultural land and Zakah from the owners of trading merchandise.

The Khilafah will forbid the privatization of energy and minerals as in Islam it is a public property, whose revenue is to be spent on the needs of the public.

The Khilafah will also efficiently run state-owned heavy industry to produce high value products, such as industrial machinery and vehicles, generating huge revenues from their sales.

If revenues still remain short, the Khilafah will raise emergency taxation from the wealthiest amongst us.

And the Khilafah will make gold and silver as the basis for currency, ending back breaking inflation and ensuring stable prices, as they were for the centuries under the Khilafah.

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