THE BEST

There's none greater Being than Allah SWT

It all start when the oil prices begin to escalate few months back causing a domino effects on other areas. Now, the dust begins to settle but the effects are not flexible and prompt to react towards the declining trend of the oil prices.

While many think that American economy is robust enough to withstand the barrage of those attacks but since everything is decided by the market therefore the so-called mighty American too fall prey to the market force which they idolised all these while. The policy of letting the private sector including the financial institutions to do as they please with little or no involvement of the government finally backfire.

I am not an economist but from these debacles I can see a bright potential for Islamic regulated economy to take over the driving seat from the laissez faire which up until today is too vulnerable and thus pose threats our, the consumers and public well-being. While we have seen how communist or socialist economy fails miserably to protect those whom it claims to protect when one by one communist controlled governments crumble to earth.

As Believers, we need to see all these as opportunity to strongly back up a Shariah regulated economic system which allows all participation from the market and the government harmoniously for the well-being of the public. After all, any economic system will be useless if the public as part and parcel of the economy is unable to participate actively.

Islamic economic system should now be the leader in today's economic turmoil since it provides not only the alternative but the best way out of this chaotic and uncertain situations. We need to realise now that Islam is not only a faith but it is a way of life , a perfect way of life to guide us Muslims and non Muslims alike out of our misery caused by the laissez faire. If we believe in rule of law than I'm confident that by now many will realise that the market should not be left alone mending, defending and enjoying itself out there unobserved and unchecked. In fact the Americans, the defenders and propagators of free market have done something unthinkable when they agree to bail out those troubled financial institutions. Such intervention by the government for me can be construed as their tacit admittance that laissez faire nowadays is no longer feasible.

The best and perfect faith which encapsulates EVERYTHING is none other than ISLAM"