Citizenoftheworld
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Islamic Finance just muslim majority nations
There are more topics from the same source on Islamic banking
Navigating the Prohibition of Ribā in the Modern Islamic World
Islamic banks do charge interest ( Usury ) from loans and financial transactions. They have made a huge amount of money generated from loans by manipulating the transactions
How islamic banks charge interest or fees income
https://www.investopedia.com/terms/r/riba.asp
What is Riba in Islam ?
Murabaha or cost plus selling: This is the most common product in asset portfolios and applies only to commodity purchase. Instead of taking out an interest loan to buy something, the customer asks the bank to purchase an item and sell to him or her at a higher price on instalment. The bank’s profit is determined beforehand and the selling price cannot be increased once the contract is signed. In case of late or default payment, different options are available including a third-party guarantee, collateral guarantees on the client’s belongings or a penalty fee to be paid to an Islamic charity since it can’t enter the bank’s revenues.
How Israel’s Iran strikes might supercharge the global nuclear arms race
The stated intention of the attacks was to stop Iran from building a bomb. Some experts worry it may have the opposite effect.PS: A war against Iran might create the conditions that the workers of that nation might get united with their government instead of fighting against them, the rulers can use nationalism in order to motivate the peoples to fight for them, and many peoples in that country are young, it has mountains and forest, and the army is heavily trained in guerrillas wars, it has a large population of around 90 millions peoples
https://www.reuters.com/world/why-does-saudi-arabia-want-civil-nuclear-deal-with-us-2025-05-08/
Why does Saudi Arabia want a civil nuclear deal with the US?The Folly of a War With Iran
Ukraine is attacking a nuclear power nation like Russia, but Russia has not dropped one atomic bomb in Ukraine, and the possession of atomic between the USA and Russia has limited the war to a conventional war, they did not want Ukraine to use long range missiles to attack Russia, and both powers do not want an atomic war, they only thing that the US can do is to impose sanctions on Russia and they have found way to avoid those sanctions.
I do not think that Iran is going to attack US military bases, they do know that they are going to be attacked by a more powerful force, they want to bring the US to the table of negotiations, and the USA does not want to destroy Iran completely, they need the infrastructure in order to extract the oil which is the main objective, to have a continued supply of energetic sources from the whole Middle East, and also china and Russia have interest in Iran
Iran has attacked Israel but Israel has not dropped an atomic bomb in Iran, and the USA has asked Israel to limit their bombardment to a conventional war, because it might become a quamaire in the Middle East the same case is applicable to India and Pakistan none of them have dropped an atomic a bomb against each other, but the possession of atomic bombs among them have created and apparent peace.
The US dropped two atomic bombs in Japan, but they were experimental scientific projects using two different types of bombs, in two cities that were left intact, and McArthur wanted to drop atomic bombs in China, and the US government refused the project because they did not have so many nuclear bombs available and the Soviet Union could have responded, and world opinion was going to be negative against them.
North Korea has nuclear bombs, and the USA has imposed sanctions on N Korea but they have not invaded that country, and its neighbor is China which is also a nuclear power as powerful as Russia and the USA, and China would prefer to place troops in N Korea than having the US as its close neighbor
Atomic bombs are deterrent weapons, capitalists are not going to destroy each other completely.
There are many states in the Middle East, Africa and Asia and probably Latin America that will try to develop, or get from somebody else a nuclear bomb like North Korea with the assistance of the Soviet Union, and then, they continued their own program
Libya dismantled all their atomic weapons programs and then, they were sodomized by the European powers and the USA, and they took all the natural resources
The USA and the western powers are like a bull in a ceramic store, trying to hit everybody in their world hegemonic decline, but they stay away from North Korea, China, India and Pakistan because they have nuclear bombs
Brazil has developed nuclear technology but for civil applications only, but they might change their minds because they are member of the BRICS, as well Saudi Arabia wants to develop a civil nuclear program, and Venezuela has been under threat of a US invasion for several years and they have closed relationship with China and Russia
We do not support wars, but the reality is that if you have a nuclear bomb nobody will invade you or attack you
Why aren’t they printing money ?
https://www.wsws.org/en/articles/2025/06/17/ougu-j17.html
Gold now number two reserve asset in international financial system
A report by the European Central Bank (ECB) issued last week pointed to the growing lack of international confidence in the role of the US dollar as the global reserve currency.
According to the ECB, gold accounted for 20 percent of the global reserves held by central banks, outstripping the euro at 16 percent and coming second to the dollar at 46 percent.
Israel Pearl Harbored Iran
https://www.wsws.org/en/articles/2025/06/16/mryd-j16.htmlThe democrats are making a big deal about the 45 millions spent on Trump military parades, but both parties have approved billions of dollars in military spending every year, and left-wingers have approved the military parades of the ex-soviet union, Russia, china, North Korea and Cuba, glorifying wars and killings
The theory that banks make money by the stroke of a keyboard or from thin air has been debunked thousands of times, including schools of banking and finance, and there is not need to discuss about it . It is a dead smelly fish
