Thursday, November 28, 2013

British-Muslims contribute 31 billion pounds to economy

Britain has more than 10,000 millionaires from among 2.72 million Muslims contributing 31 billion pounds or Rs 3.0 trillion to its economy, says a report.

‘The Muslim Pound - How Muslims Add Value to Britain’s Prosperity’ was released by the Muslim Council of Britain ahead of the just-concluded 9th World Islamic Economic Forum Meet 2013 in London, one report says.

Five decades on, there are more than 10,000 millionaires and thousands of others are engaged in higher managerial, administrative and professional occupations.

Nearly 2.8 million Muslims in the UK contribute over 31 billion pounds to its economy and wield a spending power of 20.5 billion pounds, a report said this November.

A paper from the Muslim Council of Britain (MCB) said from coffee houses in Elizabethan London, to curry houses in modern day Britain, thousands of Muslim-owned businesses have made a significant contribution to the UK economy and by extension, the cultural life of Britain.

The report said there are some 2.78 million Muslims in Britain, contributing over 31 billion pounds to the economy.  There is an anticipated 10,000 Muslim millionaires in the UK with liquid assets of more than 3.6 billion pounds, with more than a dozen British Muslims listed in the 2013 Sunday Times Rich List of the most affluent in the UK.

In London alone, there are over 13,400 Muslim-owned businesses in London creating more than 70,000 jobs, the paper said.

The report was published to highlight Muslims' growing contribution to the UK and to mark the 9th World Islamic Economic Forum (WIEF) went to London this month, the online portal Huffington Post UK reported.

The MCB report comes as Prime Minister David Cameron is set to unveil a new Islamic index on the London Stock Exchange.  The move, as expected to be worth 1.3 trillion pounds next year, marks the capital's significance as a global centre for Islamic finance.

The city will be the first non-Muslim city to host the World Islamic Economic Forum.

"I welcome the effort of the British Muslim community in bringing the World Islamic Economic Forum to London. My have worked with the Muslim Council of Britain to bring this Forum to London, who has been a key delegation at World Islamic Economic Forum since its inception," said London's Mayor Boris Johnson.

The MCB is a national representative Muslim umbrella body with over 300 affiliated national, regional and local organizations, mosques, charities and schools.

Sunday, November 3, 2013

International relations: Russia rises as world leader

Many are the references in the speeches of US Presidents about the need to "lead the world", an arrogant and intrusive approach from those elected by a percentage of their own people and nobody else. Yet today, what has America's "leadership" led to, where has it led the USA and its allies, what is its standing in the hearts and minds of the international community?

The Helsinki Final Act, or Helsinki Declaration, of 1975, was perhaps the visible face of the stance of the Union of Soviet Socialist Republics, looking for friendly relations with the West while it brought generations and millions of oppressed persons education, healthcare and decent public services, freeing them from the yoke of imperialist tyranny.

By 1989, the USSR was spending on average 250 billion dollars - a quarter of a trillion USD - on development projects overseas, implementing policies which guaranteed the right to basic services in countries where imperialism and colonialist policies had syphoned off the resources, placing corrupt political figures in power so as to guarantee the one-way direction of resource flow - outwards.

Scroll back seventy years, when the Russian Revolution was for the first time bringing backward societies into the front line of industrial development, guaranteeing housing, for free, free public utilities, free or heavily subsidized communications, subsidized public transportation, free primary and secondary education, free higher education, free healthcare, free dental treatment, zero unemployment, safety on the streets, security of the State, social mobility, indexed pensions, guaranteed basic foodstuffs, leisure time activities, free sports facilities, free cultural facilities... and back then we could already see the true mettle of the west.

The psyche of the United States of America, its poodle-in-chief, the UK and in turn the ex-colonies of London, principally Australia and the sickening clique of sycophants which crawl around, licking Washington's legs and feet - namely France and to varying degrees the NATO pack - is in essence Anglo-Saxonic, is based upon wanderlust, imposition of cultural values in a top-down, holier-than-thou approach which saw the same nations drawing lines on maps.