THE INTERVENTION IMPACT OF THE WORLD BANK AND INTERNATIONAL MONETARY FUND (IMF): WHAT DOES SHARIAH SAY?12 November 2019 Azahari
The World Bank and International Monetary Fund (IMF) are the two well known global financiers in which their underlying target is to develop countries that face economic and financial crisis. A trade mark often used to be affixed to the World Bank and the IMF as the saviors of financial crisis, but today they are facing massive critics from all over the globe including non-Muslim countries. Their practices are no longer appreciated and extremely demand instead, their reputations are down graded and popularly known as exploitative policy-makers. This study is concerned with a critical problem arose in these two global financiers, whether their perceived growth- or crisis-champion; and what Islamic injunctions have responded on this issue are the central purpose of this writing.