Friday, May 14, 2010

Fixing the Global Financial Mess!

The only way out of the current financial and economical mess the world is in today is to follow a new sustainable system which is balanced and fair.

This new financial system needs to be free from exploitation, free from gambling on currencies and shares, free from interest and usury.

People can't sell what they don't own, and therefore gambling in "future" markets should not be allowed.

Money needs to be backed up with gold, as it always has been the case till 1971.

Equity finance should replace debt finance in real partnerships between investors and business.

These are some aspects of the Islamic solution to economics and finance in today's world, which would lead to a sustainable and fair economic and financial system.

Banks have caused enough damage and misery ...

It's time to fix the mess now, before it's too late ...

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