Reforming the Global Financial System. An Islamic Perspective

I agree the Banks & the International Monetary Fund (IMF) are the problem of this world. They are bribing weak governments (3rd world) to get into debt knowing that they will never afford to pay it back as they force them to sell their national assets to western corporations at heavily discounted prices.

Extract from IMF’s website: IMF is an organization of 186 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

The fact is that the IMF is working to foster & secure global debt, facilitate exploitation, and make sure that the situation in 3rd world countries never changes.

I think the world will certainly benefit from the Islamic financial system. Just by scrapping the inflation and the interest/riba the world will be a better place.