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Towards a Tranquil Safe World under the Shade of the Economic System of Islam

Hizb ut Tahrir

1430 AH - 2009 CE

:: Content ::

Introduction 3
Opening address 4
Capitalism is inherently flawed and prone to crises 8
The present economic crisis: causes and effects 21
The impact of the global financial crisis on
Bangladesh and Pakistan 27
The impact of the global financial crisis on the Arab
countries 38
The economic, social and ideological impact of the
credit crisis in Europe   45
The effects of the financial crisis in the West 52
The failure of the current solutions to the financial
crisis 57
Only the Islamic economic system under the
Khilafah state can provide crisis-free economic
justice 69


All Praise is to Allah (subhanahu wa ta’ala) who bestowed on is the blessing of Islam and peace and blessings upon the Messenger of Allah (sallallahu alaihi wa sallam) and His family, companions and all those who followed him.

On the 7th of Muharram 1430 Hijri, corresponding to the 3rd of January 2009, Hizb ut-Tahrir held a global economic conference in Khartoum, Sudan. It was attended by an audience of over six thousand men and women who answered the call of the party to attend the conference. Thinkers, scientists, politicians and economists from around the world attended the conference.

The widely publicised conference took place against the backdrop of the current economic crisis that has illustrated the astounding failure of the capitalist system to create a secure and just life, free from crises.

The conference began in the morning with the recitation of the Glorious Book of Allah (subhanahu wa ta’ala), an address about Israel’s onslaught on Gaza and a call to the armies to move to rescue the dignity of the Muslims of Palestine.

The opening address was a poignant message from the global leader of Hizb ut-Tahrir, Alim Ata ibn Khalil Abu Rashta. The talks that followed examined the origins of the economic crisis, the inherent weaknesses of the capitalist system, the failure of the capitalist solutions and the global impact of the crisis in Pakistan, Bangladesh, Turkey, Sudan, Indonesia, the Arab countries and the western world.

The conference ended with the final presentation that detailed the principles of the economic system in Islam and demonstrated how this system would succeed where both Capitalism and Communism had failed.

The conference was widely reported in the print and broadcast media, especially in Sudan. It was widely covered on both satellite television and radio and was reported in over a dozen newspapers.

We have presented in this book, the papers that were presented at the conference, in order to instil confidence in the Ummah in the economic system of Islam which will be applied under the Khilafah state, whose return is imminent.

Finally, we ask Allah (subhanahu wa ta’ala) to enable all of those who participated and contributed to this conference to see with their own eyes the return of the Islamic Khilafah which will apply the Islamic economic system and spread safety, security and justice throughout the world.