Banking: the root cause of the injustices of our time

Banking: the root cause of the injustices of our time
The original 1987 Norwich conference, Usury: the root cause of the injustices of our time, was an eye-opening occasion. After endless decades of left and right, Conservative and Labour, Democrat and Republican obfuscation, here was an explanation that cut through these misleading dialectics in a single burst of conscientious erudition. Back then, the result was electric. Now, with the benefit of hindsight, it is proving little short of prophetic.
Recent events – the catastrophic bank collapses of 2008 and the impending total systems shutdown of 2009 – have furnished us with the opportunity to place this vital material before a new readership, one which has become witness to the unfolding nightmare of systemic disintegration. In 1987 such a scenario could still be dismissed as speculative doomsaying but denial is no longer an option; the time has come for real solutions.
Whatever the result of the signal events of 2008-9, a slide into depression, cataclysmic upheaval or a rebound into dynamic activity, the argument in this work still stands: Usury is demonstrably the motor of the injustices of our age and an adequate answer to this problem will not be found outside of any paradigm that refuses to acknowledge the iniquities inherent in the creation of money as debt.
Many people are waking up to the shocking reality of entrapment by the banks as their edifice crumbles around us threatening to destroy everything in its collapse. So our wish is only that this small work will be a tool and a touchstone for those determined to find sound bearings in the confusing times that lie ahead. This new edition contains the texts of the original lectures as well as some newer material that brings them up to date. However, as the reader will discover, these essays were not only strikingly prescient with respect to describing the problem but also with respect to prescribing the solution.

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Abdassamad Clarke is from Ulster and was formally educated at Edinburgh University in Mathematics and Physics, and in Cairo in Arabic and tajwid and other Islamic sciences. He accepted Islam at the hands of Shaykh Dr. Abdalqadir as-Sufi in 1973. In the 80s he was secretary to the imam of the Dublin Mosque, and in the early 90s imam khatib of the Norwich Mosque, where he is currently an imam and teacher. He has translated the Muwatta of Imam Muhammad by Imam Muhammad ibn al-Hasan ash-Shaybani (jointly with Muhammad Abdarrahman), which was published by Turath Publishing at the end of July 2004 and a number of other works from Arabic: al-Qawl al-mu'tamad fi mashru'iyyat adh-dhikr bi'l-ism al-mufrad by Shaykh al-Alawi on the standing in Shari’ah of using the divine name in dhikr, which was published by Diwan Press as first part of The Two Invocations and since republished by Madinah Press, The History of the Khalifahs (the chapters on the Khulafa ar-Rashidun from as-Suyuti’s Tarikh al-Khulafa), the Complete Forty Hadith (translation of Imam an-Nawawi’s Forty Hadith along with the Imam’s explanation of their fiqh and linquistic usages) and Kitab al-Jami’ by Ibn Abi Zayd al-Qayrawani (published as A Madinan View), Rijal – narrators of the Muwatta of Imam Muhammad, all published by Ta-Ha Publishers of London, Kitab al-athar by Imam Abu Hanifah and transmitted by Imam Muhammad ibn al-Hasan ash-Shaybani (Turath Publishing 2006), The Compendium of Knowledge and Wisdom (a translation of Jami' al-'ulum wa'l-hikam by Ibn Rajab al-Hanbali, published by Turath Publishing 2007). In addition he has edited Aisha Bewley's translation of Ibn Hajar's abridgement of at-Targhib wa't-Tarhib, Ibn Taymiyyah's al-Kalim at-Tayyib both published by the UK Islamic Academy, Dr Asadullah Yate's translation of al-Ahkam as-Sultaniyyah, published by Ta-Ha Publishing and a number of other works. He is currently engaged with Suád Østergaard on a translation of the Qur’an into Danish, the first volume of which translated in collaboration with Jakob Werdelin, comprising Surat al-Fatihah, Surat al-Baqarah and Surah Ali ‘Imran, was recently published as Den gavmilde Qur’an: en fremlægning of de tre første suraer by Havens Forlag of Copenhagen. Translations yet to be published include Traditions of the Sunnah (Athar as-sunan) by Shaykh Muhammad ibn ‘Ali an-Nimawi (jointly with Mawlana In'amuddin), to be published by Turath Publishing Ltd. Among his unpublished translations are the Sciences of Tafsir comprising portions of Ibn Juzayy al-Kalbi’s Qur’anic commentary at-Tashil li ‘ulum at-tanzil, in particular his introductory sections on the essential elements of the sciences necessary for tafsir. He is author of a number of children’s books, The Year of the Elephant, The Great Victory and The Last Battle all of which are on the sirah of the Messenger of Allah, may Allah bless him and grant him peace, as well as The Story of Stories about the Prophet Yusuf, peace be upon him, in which he drew a great deal on the commentary of Ibn Juzayy, may Allah be merciful to him. He has also a poem God is Dead published in the Minaret journal of Stockholm, Sweden, and an as-yet unpublished collection of short stories called Tales Are Like That, and a novel called The Wings of the Butterfly. Abdassamad is a teacher of both adults and children in Qur’an recitation (tajwid) and meanings, Arabic language and the deen in general, most recently having organised and taken part in a conference under the auspices of Islamic Events of London on the History of the Islamic Khalifate, and having given discourses in London, Edinburgh, Dublin, Jena, Weimar, Copenhagen and the Midlands. 18 April, 2007 0:03

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4 Comments

  1. Assalamu alikum wa rahmatullah
    this book sounds interesting. Please where to find information to buy it by post.
    Thanks
    Dr R. El-magazy

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