GLOBAL CRISIS, BUSINESS JIHAD AND JCORP’S TURNAROUND
Posted On May 25, 2009
The Global crisis of 2008 was, and in its aftermath still is, a turning point in the world economic order. After all, the 2008 crisis is a crisis of capitalism itself. George Soros had seen the crisis as “…not caused by some external shock…” Indeed, to Soros, “… the crisis was generated by the system itself.” (See also my Blog’s posted article under the title: “Global Crisis – Business Jihad As An Alternative Business Way”). Thus it is a crisis with serious long term repercussions affecting the way lives are lived all over the world.
If it is a turning point, then the Muslim ummah and the Muslim world will also have to evaluate its position in the new global scheme of things. Muslims have not been spared the worst of the crisis either, as their societies had been so deeply embedded into the capitalist system over decades and centuries past, largely painfully through the traumatic experience of being subjugated and colonised by the West. On the other hand, the 2008 global crisis also offers an extremely rare opportunity for Muslims to redefine and remobilise themselves and position Islam for a more meaningful global role in all aspects of life, including in the business and economic arena.
