خلافت پاکستان کے معاشی مسائل کیسے حل کرے گی۔ ایک مختصر...
TRANSCRIPT
Introduction to
Islamic Economic SystemHow Khilafah would Solve Economic
problems of Pakistan
Imran Fawad
Opening Verses
Pre British Economy
1. India – Golden Sparrow2. India - Biggest Economy3. India – 25% of World GDP – $90b4. One Citizen, Abdul Ghafoor Had More Wealth than East India Company5. Jigget Seths of Bengal were wealthier than Bank of England6. Ghaneemat of battle of Palassi was more than Entire Europe’s GDP7. In the Era of Muhammad Shah Tughlaq: 10,000 Schools & 70 Hospitals in Delhi, 40,000 Schools in Bengal8. World’s Biggest Steel and Ship Manufacturing 9. Literacy Rate amongst Muslims was 87%10. Lord Mccaulay address to Parliament in 1835: “I have visited the length and breadth of India, and I have not seen a single thief and Begger. I have seen such wealth, High Moral standards and people of Calibre that I don’t think we would ever be able to conquer this land, unless we destroy its Spiritual (Islamic) and Cultural Heritage”
Pakistan’s Resources1. Population – 180Million2. Young Population – 65% (More than Germany & France)3. Area – 800,000km2 (More than Germany & UK)4. 10th Biggest Labour Force5. Energy Resources: Thar Coal – Worth $25,000b, Energy more than Saudi & Kuwait’s Oil Gas – Enormous Reserves (300Trillion Cubic Feet – Baluchistan)6. Minerals: Aluminum, Copper, Zinc, Iron, Gypsum, Phosphate, Silver, Marble, Ornament Stones. Gold (Riko Diq: $500b)7. Agriculture: Biggest River Network Wheat Production – More than Africa, Equal to South America (It can be Doubled) Top 10 Countries: All Vegetable & Fruits8. Military Technology: Fighter Aircraft Manufacturing, Submarines, Tanks, Nuclear Weapons, Missile Technology. 7th Largest Army9. Experts Engineers/Scientists: 2 Million PHDs: 7000
What Made us from Richest to Poorest ????
We are now (2012) Being Told that:1. We are Beggars and Corrupt2. We Cannot Stand upto America because we need its AID3. We are under Huge Debt4. Energy and Food Crisis is due to lack of Technology 5. Our Economy cannot run without Interest6. Our Issue is that People give less Taxes7. We Should Open Trade with India
The Capitalist Economic System: 1. Which was introduced by British and Continued in every Dictatorship and Democracy since Birth of Pakistan2. It is the Root cause of Economic Problems3. Pakistan’s Kufr Constitution Supports the Kufr Capitalist Economic System
COMPARISON
Capitalist Economic
System
Islamic Economic
System
1. Energy Crisis
Democratic System
1. Privatization of Energy Resources2. Freedom of Ownership Wealthy get the Benefit IPP Policy launched in 19943. Corrupt/Incompetent Political and Bureaucratic Class Only use Power Generation ways recommended by IMF etc Fake Crisis, to Divulge Public in these Matters4. Result: Fuel Shortage/Price Hikes
Khilafah System
1. Energy Resources are Public Property No Privatization No Tax, No Profit2. Not Nationalization3. Competent & Visionary Leadership Khilafah will use alternate sources Coal Wind Solar4. Result: Very Cheap Energy for Public and Industry
Economic System
2. Oppressive Taxes
Democratic System
1. Government has right to Impose TAX GST, Property Tax, Income Tax, Import/Export Duties, Fuel Surcharges etc2. Wealthy get the TAX Cuts3. IMF Dictates about Revenue Collection4. Blanket Taxation for Rich and Poor
Khilafah System1. Government Cant Impose Tax at will GST, Property Tax, Income Tax, Import/Export Duties, Fuel Surcharges etc2. Allah decided who would be taxed and How much Amount3. Defined Revenue Sources Three Diwans: Sadaqat, Public Prp, State Prp Zakat on Wealth and Trading Stock Ushr and Kharaj on Production Jizya on Non Muslims Hima from Public Prp Other Sources: Rikaz, Ghanaim, Fai, Emergency4. Relief for Poor, Increased Revenue, Relief for Traders and Manufacturers
Economic System
3. Inflation
Democratic System
1. Fiat Currency2. Government Prints Money at will 3 Trillion Rupees – Current Govt3. Result: Consistent Devaluation of Rupee 1 Tola Silver = 1 Rupee (Pre British Raj) 1 Tola Silver = 980 Rupees (At Present)
Khilafah System
1. Currency is 100% backed by Gold and Silver2. Extra Money cant be printed3. Fixed Weight of Currency Gold Dinar – 4.25g Silver Dirham – 2.975g4. Result: NO Inflation, Stable Prices
Economic System
4. Agricultural Reforms
Democratic System1. Ownership of Agricultural Land Separated from Cultivation
2. Feudal Setup land in few Hands, Uncultivated
3. Barren land – No Utilization4. No Technology Use to Increase Production5. Rural Economy is destroyed4. Result: Mass movement towards Cities, Unemployment, Production Below potential
Khilafah System
1. Ownership based on Cultivation Land Must be Cultivated – 3 years Rule2. Ban on leasing of Agricultural Land3. Barren Land Ownership Based on Usage
4. Result: Increased Production, Rural Economy revival, Mass employment
Economic System
5. Foreign Loans
Democratic System1. Government decides upon foreign Loans and their contracts/Conditions2. Huge Interest and Severe Conditions 3. Role of IMF and World Bank4. These heavy amounts get into Pockets of Rulers and Foreign Accounts Morgan Trustee Bank: 1000/1500 b$ return back5. Countries get into never ending trap Pakistan: 1990 – 2005 (20b$) 2007 – 2010 (6b$ + 2.6b$ Interest) Pakistan: 2010 – 2011 (loan Taken 287bRs, loan returned 319bRs: 76princ + 279Interest)4. Result: Shortage of Resources, Extra Burden on Economy
Khilafah System1. Cannot take foreign loans absolutely2. NO to Interest based Dealings3. NO to IMF and World Bank4. Take back all Money from Corrupt Ruling Class5. Say NO to Remaining Interest Return back Original Amount from Rulers confiscated wealth6. We don’t need any Foreign loans for our Needs
Economic System
6. International Trade
Democratic System
1. Third world countries – Consumer Markets2. Free Trade / WTO3. Trade with US, EU and India4. Custom Tariffs5. Chinese Model – Export Based Economy6. Result: Consumer Market/Multi Nationals’ Monopolization of Markets
Khilafah System
1. Islam Prohibits trade with Enemy States (India, US, UK etc)
2. NO to Free Trade3. Custom Tariffs are not Allowed If other country does impose, than Khilafah would do reciprocally4. Islam doesn’t want State to be a Consumer Market 5. Islam’s Model is Self Sufficiency Based Economy6. Result: Self Sufficient Economy
Economic System
7. Basic Needs
Democratic System
1. Government’s Focus is: Increase Production (GDP, GNP)
Ensure Freedom of Buying/Selling (Open Market)
2. Focus on Overall Economy Not on People Not on Specific Sectors3. Muslims are dying of Hunger & in need of Help. Billions are being Spent on Roads & Sports
Khilafah System
1. Fulfilling Basic needs of every individual is Khalifah’s Personal responsibility Example: Famine in Medina2. Focus on Distribution and not Production3. Funds spending based on Need and not Population or Production All resources belong to whole Ummah
Economic System
8. Virtual Economy
Current System
1. Banks, Gambling2. Stock Exchanges3. Bonds/Lotteries4. Future Trading5. Limited Companies (Pvt/Public)6. Insurance Companies7. Interest Based Banking and Trading8. Mortgages
Khilafah System
1. All are Not Allowedfrom Islam
2. Islam has its own Company/Partnership
Structure and Business Model
Economic System
9. Is Pakistan Dependent Upon International Aid ?
Democratic System
1. Government Corruption = ~400b2. Deb Servicing = ~400b3. Rise in Defense Budget = ~350b (From 350b to 800b in 2011)4. Loss Due to War on Terror = ~1530b
(All Statistics are of Year 2010-2011)
Total Direct Loss to Budget = ~1150bTotal Indirect Loss to Economy = ~1530b
US Aid to Pakistan = 1.2b$ = 110b
Khilafah System
1. End Corruption2. Stop Debt Servicing (Interest)3. Stop Spending on US War on Terror
DO WE NEED US AID????
Economic System