Thursday, December 20, 2007

Fatwa Against The Dollar

What the hell is a fatwa?

According to the Wikipedia, "A fatwā (Arabic: فتوى; plural fatāwā Arabic: فتاوى), in the Islamic faith is a ruling on Islamic law issued by an Islamic scholar." Then thre are conditions for a fatwa Like these:

"According to the Usul al-fiqh (Principles of Jurisprudence), the fatwa must meet the following conditions in order to be valid:

The fatwa is in line with relevant legal proofs, deduced from Qur'anic verses and hadiths;
It is issued by a person (or a board) having due knowledge and sincerity of heart;
It is free from individual opportunism, and not depending on political servitude;
It is adequate with the needs of the contemporary world."


Ho hum it is a lot of bloody ifs and buts init?

As the US dollar is going down in the money market the countries who peg their own currencies to the US dollar are having problems viz. inflation. For example 5.35pc in Saudi Arabia, 10.1pc in the United Arab Emirates and 12.2pc in Qatar. The same in Asia like China now has 6.9pc inflation.

So the story is Saudi Arabian Mullahs have got it right up their noses and declared this fatwa to the Saudi government.

"“The rulers should seek to try to remedy this crisis in a way that would ease people’s suffering.”

“We direct this message to the rulers and officials: we remind you of Prophet Mohammad’s words that you are shepherds who are responsible for your flock,” it said.

The statement was posted across the Islamic world. The background to this has been a raging debate in Gulf religious and economic circles about the destructive effects of the sliding dollar."


Well see the article here and keep and eye on this I think. It is bubbling in the right way the Osama Bin Laden and his likes said during the start of the war in Afghanistan. he said we will bring the Us down financially.



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