former_detroiter's Blog

Replace capitalism with Islamic financial system: cleric


Egyptian-born cleric Sheikh Yusuf al-Qaradawi, seen here in ...

Muslims should take advantage of the global financial crisis to build an economic system compatible with Islamic principles, influential Sunni cleric Sheikh Yusuf al-Qaradawi said on Sunday.

"The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up," said the Egyptian-born, Qatar-based cleric.

"The Western system has collapsed and we have a complete economic philosophy as well as spiritual strength," he said at Sunday's opening of a conference on Jerusalem.

"All riches are ours... the Islamic nation has all or nearly all the oil and we have an economic philosophy that no one else has," Qaradawi said.

He urged Muslims to "profit from the crisis to bring about the triumph of the (Islamic) nation, which holds the spiritual and material resources for victory."

The sixth conference on Jerusalem is being attended by around 300 people representing political parties as well as Muslim and Christian NGOs, from various countries.

It is staged by Al-Quds (Jerusalem) International Institution, which is dedicated to the conservation of the holy city and its sacred places.

Participants include Khaled Meshaal, exiled head of the Palestinian Islamist movement Hamas, and Ali Akbar Velayati, a top adviser to Iranian spiritual leader Ali Khamenei.

The three-day conference will look at ways of protecting Jerusalem and its holy sites, which participants believe are threatened by Israel.

http://www.breitbart.com/article.php?id=08101215191
3.899p7n58&show_article=1&lst=1

Hmmmmm they have the oil that controls the worlds purse strings and yet a majority of Muslims in the middle east live in poverty or near poverty levels. Their elite live like spoiled kings.Their society is one filled with violence, women are treated like cattle and is a nursery for terrorists who kill their own people. Methinks it`s not the Islamic economic model that has been "successful" ( I use that term loosely - refer to poverty, etc above ), but rather just having the good fortune of living on top of oil reserves, which neither they nor Islam had a hand in placing there. Don`t you love his philosophy too.....benefitting at anothers misfortune to bring about their agenda. No talk of helping anyone other than themselves. Quite telling how an Islamic world would be. 

Notice some of the participants of the conference as well......

 Participants include Khaled Meshaal, exiled head of the Palestinian Islamist movement Hamas, and Ali Akbar Velayati, a top adviser to Iranian spiritual leader Ali Khamenei.

 

This is from a Muslim site....http://www.theislamicunion.com/5.html

Most Muslim countries have geostrategic importance as well as rich natural resources (e.g., natural gas and crude oil). These resources and strategic opportunities, however, are not being used effectively. In the Islamic world, 86% of the population's living standards fall below $2,000, 76% under $1,000, and 67% under $500 per year. When the Islamic world's total resources are considered,17 this is quite a paradox: Roughly half of the petrol consumed in the West is exported from the Islamic world, as is 40% of the world's agricultural production.18 Many economists and strategists freely admit that the world economy depends upon the Islamic world's oil and gas exports, in particular those of the Persian Gulf.19

Compare to our poverty level-

For most purposes, the “poverty level” refers to two different measurements. The first is the poverty threshold, which is determined by the United States Census Bureau. The Census Bureau adjusts this threshold annually to account for inflation, and this number is used for the purpose of generating statistics on poverty. According to the United States Census Bureau, the poverty threshold is $20,614 US for a family of four as of 2007. This number is adjusted slightly depending on the ages of the members of the household, but it is a basic starting point.

For administrative purposes, government officials use the poverty guidelines which are determined by the Department of Health and Human services. The rubric for determining these guidelines was developed by Mollie Orshansky in the 1960s. Families are assessed in terms of these guidelines when they apply for services like food stamps and state funded healthcare. In 2007, the poverty guideline was $20,650 US for a family of four; for larger households, add $3,480 US for each person. In Alaska and Hawaii, the poverty guidelines are slightly higher, reflecting different costs of living in these areas.

The sagely cleric appears eager to promote and equate living in poverty with successful economics? I guess that is why we have so many Muslim immigrants. They`re coming here to escape the burden of wealth and success at home. :O)