Pakistani Politician Sees War With US, Calls for Islamic Economic System to Replace Western Economics
Sirajul Haq, the head of Jamaat-e-Islami political party in Pakistan, has said that a state of war exists between the US and Islam. A key component of that war, according to Haq, is the conflict between Western economics and an Islamic system of economics:
Sirajul Haq said the western economic system based on interest could not provide real solution to the economic problems for humanity, and added the solution lay in the Islamic system. The prevailing interest based economic system in the whole world, including Pakistan, has resulted in the concentration of wealth in a few hands who exploit the rest of humanity. However, he noted that Islamic economic system was becoming popular and only in England, the banking business of trillions had gone into Islamic banking.