Egypt to face its first Tunisian-inspired protests

abdul-aziz

Junior Member
:wasalam:

Egypt warns Israel against military action in Gaza
Wed Mar 23, 2011 4:38pm

CAIRO, March 23 (Reuters) - Israel should not rush into carrying out any military operations in Gaza, Egyptian Foreign Minister Nabil Elaraby said in a statement on Wednesday.

Elaraby "asked Israel to exercise self restraint and warned it against rushing into a military operation in Gaza".

He also warned others -- an apparent reference to Palestinian groups -- from giving Israel any excuse to use violence, adding that Egypt rejected and condemned violence against civilians.

Israel has launched air strikes and shelling in the Gaza Strip from where militants have increased the firing of rockets into Israel in recent days. (Writing and reporting by Marwa Awad)

Source: http://af.reuters.com/article/egyptNews/idAFWEA045220110323

In arabic:http://ara.reuters.com/article/topNews/idARACAE72M16820110323

:salam2:

I felt something odd, with recent events in northern Africa. Sarkosy (a zionist); was going to send the war planes himself to make a no fly zone in Lybia. Now Nato don't know how to continue.

I know I am kind of asking a paranoid question, but do u think they(Nato) are trying to counter Egypts stance by adding security with all their warships and planes nearby?

:wasalam:
 

Tabassum07

Smile for Allah
Egypt Passes Law Criminalizing Protest


Lina El-Wardani
Ahram Online
March 24, 2011

The Egyptian cabinet approved yesterday a decree-law that criminalises strikes, protests, demonstrations and sit-ins that interrupt private or state owned businesses or affect the economy in any way.

The decree-law also assigns severe punishment to those who call for or incite action, with the maximum sentence one year in prison and fines of up to half a million pounds.

The new law, which still needs to be approved by the Supreme Council of the Armed Forces, will be in force as long as the emergency law is still in force. Egypt has been in a state of emergency since the assassination of former president Anwar Sadat in 1981.
 

justoneofmillion

Junior Member

:salam2:ordinary people worldwide really have to know this,and stop blindly serving the purpose of those enslaving them by buying into anti Islam propaganda.

Below is an article from 2009 in Which the Vatican said that the Islamic banking system which forbids Ribaa could be the only cure for the World's economic crisis.

I have heard a few high caliber Economists as well say so,Their intellectual quest literally pushes them towards Islam yet it is the Intelligence of their hearts that is missing to profess the Kalima.

Obviously the international bankers hate that!thus they finance wars and charge interest to increase the debt of all the countries involved.Create the demand by destroying the country's infrastructure,sending their corporations to do the Job and profit from the situation to establish themselves permanently in the country. Who loses in the end?The ordinary people condemned to pay back the lendings trough Ribaa.

Education is very important for everybody involved in a revolutionary process.These things should be taught,propagated,made public,shared...etc.Because no Army can do the Job to protect them if they are not themselves aware of all the perspectives at stack.

As world markets suffer under the weight of the ongoing global financial crisis, the Vatican has put forward a new suggestion, arguing that the principles of Islamic finance may represent a possible cure for ailing markets.


The Vatican's official newspaper, L'Osservatore Romano, recently published an article titled "Islamic finance proposals and ideas for the West in crisis," prepared by Italian economists Loretta Napoleoni and Claudia Segre, in which it was suggested that the basic rules of Islamic finance could relieve suffering markets and particularly international financial systems. Noting that Islam prohibits "riba," Arabic for the usurious loaning of money, the article argued that "sukuk bonds," securities that comply with Islamic law, may be an alternative to interest. The article stressed that sukuk bonds are always real investments and never speculative.

The article said that in this atmosphere of crisis banks should take Muslims as an example and that the Islamic finance system may pave the way for the establishment of new rules in the Western world. The Vatican has suggested that the current capitalist system has failed. Pope Benedict XVI recently harshly criticized the capitalist system and the greediness of bank owners in the West. In the meantime, the Vatican itself has been badly affected by the crisis. It had recorded an 18 billion euro budget surplus in 2007, but this number had declined to 6 billion euros by the end of 2008 and is expected to fall further in 2009
http://www.todayszaman.com/newsDetail_getNewsById.action?load=detay&link=168915

Islamic Finance

By Loretta Napoleoni

26/04/08 "ICH" -- -- Islamic finance has become the fastest-growing, most dynamic sector of global finance. Every Western-style financial product has its sharia, i.e. Islamic law, compliant instrument: microfinance, mortgages, oil and gas exploration, bridge building, even sponsorship of sporting events. Islamic finance is innovative, flexible, and potentially very profitable. “Operating in 70 countries with about $500bn in assets, it is poised to expand geometrically.” With more than one billion Muslims eager to support it, analysts project that this system will soon manage approximately 4 percent of the world economy, equivalent to $1 trillion in assets. Such figures explain the eagerness of Western banks to tap into sharia financial services. Citigroup, along with many other Western banking retailers, have opened Islamic branches in Muslim countries.

At the end of 2004, the Islamic Bank of Britain, the first bank catering to a European Muslim client base, floated its shares on the London Stock Exchange. Ironically, Western capitalism’s three major global economic crises - the 1970s oil shocks, the late 1990s Asian crisis, and 9/11 - paved the way to the ascent of Islamic finance. Unlike market economics, Islamic finance centers on the religious tenets of Islam and operates in a way to keep Muslims compliant with sharia, the religious law that comes directly from the Koran. Islamic activists, intellectuals, writers, and religious leaders have always upheld the prohibition of riba, the interest charged by moneylenders, and denounced gharar, which refers to any type of speculation. Under this belief, money must not become a commodity in itself to create more money. Islamic finance thus shuns hedge funds and private equities, because they simply multiply cash by stripping assets. Money serves as a means or instrument of productivity as originally envisioned by Adam Smith and David Ricardo. This principle is embodied in the sukuks, Islamic bonds. Sukuks always link to real investments - for example, to pay for the construction of a toll highway - and never for speculative purposes. This principle springs from the sharia’s ban on gambling as well as on the prohibition of any forms of debt and activities that trade risk.

At the end of the nineteenth century, supporters and promoters of Islamic finance repeatedly expressed discontent with the Western-style banks that had penetrated Muslim countries.
Several fatwas, or religious decrees, were issued to reiterate the tenet that the interest-based activities of the colonizers’ banks proved incompatible with the sharia. Yet, because Western financial institutions were the only banks active in the Muslim world, the faithful had to use them even if they performed poisonous practices based on prohibited activities.

From the mid-1950s to the mid-1970s, economists, financiers, sharia scholars, and intellectuals studied the possibility of scrapping interest rates and of creating financial institutions centered on a sharia-compatible alternative to the riba. In their mind the Islamic economic system would incorporate the zakat - obligatory almsgiving to help the poor - and other fundamental elements of the Muslim religion, such as the funding of the haj, i.e. the pilgrimage to Mecca. The first projects of applied Islamic economics came into existence concurrently in the 1950s in the countryside of Lower Egypt and in Kuala Lumpur, Malaysia. The Egyptian project, located in Meet Ghamr, Egypt, supported a housing plan for the less wealthy. The Malaysian government-sponsored experiment was promoted by the Pilgrims’ Administration and Fund of Malaysia. It supervised financial institutions that collected savings and invested them in accordance with the sharia. It aimed to finance the haj, which, together with the zakat, is one of the five pillars of Islam.

Until the early 1970s, Islamic economics was essentially embryonic and regarded with deep skepticism. “Back then, no one really thought Islamic banking would ever become big,” recalls Sheik Hussein Hamid Hassan, an Egyptian scholar involved in the creation of one of the first Islamic banks. “People thought it was a strange idea - as strange as talking about Islamic whiskey!” Western skepticism compounded daily because of the Muslim countries’ chronic lack of capital. They had no money to start an alternative banking system, many thought they never would, therefore people dismissed the idea of Islamic finance as merely utopian. This scenario changed with the 1973–1974 oil shock, which generated a massive capital inflow into Arab oil-producing countries from Western importers. The quadrupled price of oil generated the capital needed to put into practice what had remained only an idea debated for decades. That idea materialized with the establishment of an international developmental bank for the Islamic region. Such a bank would enhance the Organization of the Islamic Conference, considered a potential power base for some of the newly enriched countries, especially Saudi Arabia and Algeria. At the same time, the bank would serve as the instrument for distributing financial help from oil-rich Muslim countries to their brethren in Africa and Asia. The first call for the establishment of the Islamic Development Bank (IDB) came from the heads of state of Saudi Arabia, Algeria, and Somalia. In 1974, when the articles of agreement of the IDB were drafted, it formally stated that the bank’s activities had to be conducted in accordance with the sharia.

At the core of sharia-compliant economics there is an exceptional joint venture. Indeed, this alliance emerged in the 1970s when richMuslims and sharia scholars began working together. This unusual partnership is a phenomenon unique in modern economics, but one that cemented the foundation of a new economic system. A few visionary personalities, like PrinceMohammad al Faisal (son of the late Saudi King Faisal bin Abdul-Aziz), Saleh Kamel of Saudi Arabia, Ahmed al Yaseen of Kuwait, and Sami Hamoud of Jordan, channeled some of the new wealth produced by the first oil shock into the formation of a new breed of Islamic banks. Sharia scholars and clerics drew up the monetary structure of the new banks.

Partnership between leaders and clerics, therefore, serves as the root of Islamic finance. This concept springs from the essence of the Umma, the body or community of believers, central to the spirit of Islam. For Muslims, the Umma represents a single and unified entity; it breathes, thinks, and prays in unison. It exudes the soul of Islam. Individualism within
Islam does not make sense because Islam, based on tribal culture, does not recognize it. Traditional tribal values, such as the strong sense of belonging, the obligation to help friends in need, and the acceptance of religious leaders’ authority are the pillars of Muslim culture. Sharia scholars transplanted these values into Islamic economics; these same principles allowed Arab Bedouins to withstand the harshness of the desert for centuries. Cooperation was essential in such a hostile environment and is still a must in modern times.

Partnership is the heartbeat of Islamic economics. “Underlying the system is the philosophy of risk sharing: the lender must share the borrower’s risk, making the two in effect partners, injecting a strong social component into the financial system. This concept separates Islamic Finance from Western Finance, which seeks to maximize profits and minimize loss through diversification and risk transfer.” Also, money must be put to work. Because Islamic finance prohibits interest, it seeks revenues from rents, royalties, business profits, or commodity trading; a mortgage, for example, represents a “rent to buy” arrangement. Thus, conceptually, Islamic economics is the opposite of Western finance, which revolves around the individual’s self-interest.

Above all, Islamic finance represents the sole global economic force that conceptually challenges rogue economics. It does not allow investment in *!*!*!*!ography, prostitution, narcotics, tobacco, or gambling. As discussed above, since the fall of the Berlin Wall, all these areas have blossomed thanks to globalization outlaws under the indifferent eyes of the market-state.

Loretta Napoleoni: An expert on financing of terrorism, Loretta advises several governments on counter-terrorism. She is senior partner of G Risk, a London based risk agency. - She is a Fulbright scholar at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies in Washington DC. and a Rotary Scholar at the London School of Economics..

To review further articles and listen to podcasts by Loretta Napoleoni, you are invited to visit her website: http://www.lorettanapoleoni.org
The following is an excerpt of Niall Ferguson. A British Historian he used to teach at Oxford among other and is currently professor of History at Harvard university:
"They also will use the attacks to gain control of the few nations in the world who don't allow Rothschild central banks and so less than one month after these attacks, US forces attack Afghanistan, one of only 7 nations in the world who don't have a Rothschild controlled central bank. Ancient Babylon, I mean Iraq, is now one of six nations left in the world who don't have a Rothschild controlled central bank. There are now only 5 nations on the world left without a Rothschild controlled central bank: Iran; North Korea; Sudan; Cuba; and Libya."

- Niall Ferguson, The House of Rothschild .


In brief what bush described as the Axis of evil...
 

Maha*

Junior Member
In reply to our Foreign Minister's warning against using military action in Gaza, Amous Gilad says "peace with Egypt won't last". Funniest news ever!

Can't find it in English yet.
 

MohammedMaksudul

May Allah Forgive us
Egyptian Facebook page: I am the first volunteer in the Egyptian army in the event of a declaration of war on Israel. :')

Reached 21,000 in the first day and the numbers are increasing very rapidly. Should send a clear message to the Israelis and make them terrified inshaa Allah. Ohhh what a feeling!

:salam2:

Alhamdulillah, InshAllah I hope now the air strikes and the torture on our brothers and sisters in Palestine would not go unanswered and brothers and sisters in Egypt will answer those zionists with full assault and May Allah protect them and strengthen them in power.
 
Top