It's been over seven months, with 45,000+ civilians killed in P41estine the majority of whom are women and children. Similarly with Muslims worldwide (Burma, Kashmir, Uygurs in East Turkestan etc..), and the silence of "Muslim" rulers is deafening. The only solution is for Muslims to mobilize their armies and unite under a single umbrella of Khilafah, which is the promise of Allah SWT. If you are in a position of power, please raise your voice. If you can't do much, please consider donating to Palestine Red Crescent Society or any other charity organisations which you truly trust, JazakAllah khairan.

25.6 Protectionism

The protectionist theory requires that a State interferes in order to achieve equilibrium in foreign trade. The pupose of protectionism is to influence the balance of trade and redress the deficit, because the spontaneous balance between exports and imports would not be able to achieve equilibrium, nor would it be able to redress a deficit. Therefore, protectionism would be necessary, and that is why custom duties as well as export and import restrictions would be imposed.

This theory as it stands is limited, because it restricts the State’s powers to interfere merely to achieve a foreign balance of trade or to redress the deficit. This would be wrong because the Islamic State interferes in order to deal with the other states with reciprocity, to provide the country’s needs to generate monetary gains and foreign currencies and, most importantly, to carry the call for Islam. Therefore, it would be wrong to confine the interference of the State to achieving equilibrium in trade transaction and to redress the deficit. Rather, her interference should be for political, economic and commercial aims and for carrying the Islamic Message.

Superior Economic Model : Islamic System

Download Original eBook (PDF) : The Economic System in Islam.pdf