Dear Africans, There has been much discussion about socialism and capitalism. By focusing in these terms, we tend to distort the realities of the economic situation that we must deal with in Africa and in the African Diaspora. His Excellency Brother Colonel Muamar Quadafi has defined what he called the Third Universl Principle. At a very mnimum, this would indicate that there is much more to concern ourselves with than a conventional discussion of European economic theories. This thread is dedicated to a discussion of theories and ideas other than the usual rhetorical theories. In particular, I would like to share with the users some of the things that I have learned about Islamic Economics. It is my opinion that a positive and constructive discussion of Islamic Economics can certainly help us to find solutions to the many economic problems that face the African Nation. Accordingly, it is hoped that we can find new meaning and and more in-depth understanding of the concept of the total liberation and unification of Africa (and Arabia) under scientific socialism. By Islamic Economics, I mean those economic theories, practices and systems that are governed by Islamic Law (as-Saharia). A basic characteristic of such is the prohibition of unjust exploitation in the form of usury, the under-paying of workers, the over-paying of capitlaist and the cheating of the the people. Clearly there is much to be learned by studying Islamic ecomics. Check out my fudaa.blogspot.com and follow the links for Islamic banking.