Fair Economic Order

A brand new system that is interest-free, no unfair taxes, absolutely no tax on income, and promises to earn 3 times what you earn today.

CREDIT SYSTEM AND APPLICATIONS IN THE FAIR ECONOMIC ORDER

01 Resources Are Unlimited, Not Scarce

It is accepted that today's dominant economic thought began with Adam Smith's book "An Inquiry into the Nature and Causes of the Wealth of Nations" published in 1776.

02 Money in the Fair Economic Order

People must consume as much as they produce within the limits of justice and justice, and act responsibly while consuming.

03 “Single Tax” Principle

It is the principle of collecting only one tax from the production provided by the state and the assets it owns, in accordance with the standards of fairness and justice.

  • 1. How to pay foreign debts.

    Capital constantly increases the foreign debts of countries and thus wants to manage them in this way. He wants to eliminate Turkey because he cannot make it irreligious. Therefore, if Türkiye wants to preserve its existence, it must reduce its external debt to zero. Trying to live by increasing its debt is suicide for Türkiye.

  • 2. Term sales, installments and Murabaha

    Bey' bi'l-Ecel (Forward Sale)

  • 3. Contemporary slavery labor and its solution in capitalism

    Aside from the "unemployment", that is, the "employment problem" caused by wild capitalism, the "labour system" itself is worse, worse and cruel than the "slavery" in Islam...

INTEREST-FREE BANK AND ITS FUNCTIONS

Prof. Dr. Arif Ersoy

Today, the Interest-Free Banking experience is at the first stage of widespread implementation. Interest-Free Banks under various names have been established or are being established in major financial centers of the West, especially in some Muslim countries. In our country, some organizations continue their activities under the name of financial institutions to perform banking functions. All these institutions claim that they are making efforts to provide interest-free banking, unlike classical banks that operate with interest. We are not going to explain here how these organizations work and to what extent they can stay away from interest, even though they claim to be interest-free institutions. Here we will discuss the theoretical aspect of the bank that can operate with an interest-free system, not with zero interest in the interest-based system. We will try to briefly indicate what functions such a bank will perform. After this introductory paper, our other friends will try to explain our interest-free banking model. Before explaining in which areas the interest-free bank differs from classical banks and what its basic functions should be, we will try to briefly state the historical development of the bank concept and the banking institution.

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01

General Principles

There are 31 basic principles of the economy in a fair order. With these the economy is defined.

02

For

In the Fair Order, the monetary system is regulated under 7 articles.

03

Credit

There are 7 different interest-free loan opportunities in Fair Order

04

Tax

Adil Düzen gerek çalışanlar, gerekse iş verenler açısında oldukça rahat bir vergi sistemi sunmaktadır

05

Social Security

Imagine a system where everyone is insured and no insurance premiums are paid.

There are 31 basic principles of the economy in a fair order. With these the economy is defined. Three are about general principles, seven are about money, seven are about credit, seven are about taxes and seven are about social security (faith-solidarity).

 



General principles


1. The state plans the macro (macro plan, project, guidance, incentive, support)

2. Parties carry out economic activities (plan micro)

3. It carries out State Regulatory Services and General Services.

 



For


1. For = evil

2. No interest

3. No free money

4. Interest in money, land-facility-standard goods-gold and foreign currency

5. Can be changed instantly

6. Equal treatment

7. Prices are determined by supply and demand.

 



Credit


1. Partnerships

2. Acquired credit

3. Credit for labor

4. Loan against pledge

5. Credit against paid taxes

6. Loan against investment project

7. Salam loan

 



Tax


1. Tax for service

2. Single tax

3. Tax in kind

4. Tax on wealth

5. Tax according to declaration

6. Privileged service in return for tax (credit, service, insurance)

7. It is constitutional

 



Social Security


1. Everyone is insured

2. No insurance premium is paid

3. Paid to retired and unemployed people according to coefficient (age, education, service qualification)

4. It is a share from the budget proportional to national income.

5. Retirement and unemployment can be granted at any time according to demand.

6. A retiree loses his right to a loan.

7. Pension, (according to age, professional degree and education)




NATIONAL VIEW ON ECONOMY* - READ

ALTERNATIVE INTEREST-FREE BANKING-SELEM AND CREDITING

  • INTEREST-FREE CREDITING INSTITUTIONS

    ARTICLE 1: This text regulates interest-free credit. The foundation, cooperative or joint stock company to be established for this purpose will be the intermediary for this crediting.

  • CONCEPTS

    ARTICLE 1

  • CAPITAL AND ESTABLISHMENT

    ARTICLE 2

  • ORGANIZATION

    ARTICLE 3

  • SECURITIES

    The credit institution accepts cash, goods, real estate and bills in exchange for labor as deposits and loans them to its partners.

  • DEPOSITS AND CREDITING

    Everyone accrues a loan in proportion to their deposit or general service share they have paid in previous years.

  • GENERAL SERVICES

    The credit foundation maintains its relationship with depositors and borrowers through trustees, and the values are held by the trustees.

  • ACCOUNTING

    The accounts of each person or partnership, each place or property group, all kinds of bills, deeds or demand, deposits or escrows, debts and receivables are kept separately. Accounting for real estate, goods, cash, labor, bills, inventory and embezzlement are separate.

  • Price

    The securities can only be sold at the value at which they were purchased at that time. Current value is adjusted according to the balance of supply and demand. It buys and sells bills on behalf of bank owners. There are also collateral values in credit. These are also adjusted according to supply and demand.

  • DECISIONS AND RESULT

    Decisions are taken by consensus of representatives. Evaluations are made by finding the middle value. The decision taken by the person authorized by the alliance after consultation on the subject for which he is authorized is the decision of the community. Everyone is bound according to his own ijtihad. Decisions without consultation are an exception.