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by airplane 3767 days ago
A possible fix is to start investing, but it may be too late. If I remember correctly I think investing for profit is a gray area in Islam, but Kuwait did it and if I remember correctly they use to have more returns from their investments then they did on oil and paid every citizen a base salary from it (until Saddam invaded and they had to cash out).
1 comments

Best i recall, there is some issues with lending and interest.

After all ol' Muhammad was a merchant by trade...

Trade and investing is permissible in Islam. However interest and derivative financial instruments are strictly prohibited for various reasons, one of which is trying to avoid "renters' economy.