REVOLUTIONMUSLIM.COM PRESENTS: Summer 2009 – Conversations with the Ummah Series Central Banking: A Comparative Analysis of a Monetary Imperialist System versus an Islamic System – seeking stability and development for all!!! VS. Live on Paltalk Room: Masjid Said Qutb – RevolutionMuslimDotcom Friday, June 5, 2009 8-10PM Insha'Allah But Wait There is More!! We can also be heard live via telephone @ Phone Number: (724) 444-7444 Call ID: 49504 The dominant international financial order is a complete utter failure for the majority of people in the world. The ultimate consequence of the financial system we live dominated by today is destruction. Islamic economic systems pose an alternative solution that could rescue humanity from an age proclaimed as prosperous from a technological and industrial point of view but which actually represents a feudalist slave system, oppressing the masses and rewarding the very few on top of the pyramid. However, while we see many point to the fact that Islam is the solution and comment on the need to rule by the shariah, very little work has been done to imagine how an economic system could operate under a stable Islamic state in the contemporary world. Allah (SWT) says in the Quran, O you who have attained to faith, fear Allah and give up all the Riba which is outstanding if you are truly believers. If you do not do so then take notice of (a declaration of) war from Allah and His Messenger (2:275) In this conversation we will cover the basic economic rationale of the West, define what is a monetary system, and discuss some of the history of its effects on the ummah especially toward the end of the Ottoman Caliphate and the pre-World War I era. We will then explain a bit of the differences of Islamic banking and demonstrate a vision for how the Islamic System and its government’s central bank could utilize the concepts ingrained in the shariah to create development policies that would use the resources of the Muslim world and the incredible intellectual wealth of its constituents to construct a world order that is fair and just and that leads to increased prosperity and development without oligarchy. Recent events have shown an increased interest in the general citizenry for economics and an understanding of what is going on economically in the world. This lecture will introduce you to the topic of central banking, finance, development and the essentially necessary development of a system that is based on the Shariah. We hope that you join us and look forward to hearing from you soon.