The Global Macroeconomic System is a Taghut (defiance of Allah's Command)
History
The global interest-based economy began in ancient Mesopotamia around the third millennium BCE as agricultural and silver loan contracts, but it evolved into a fully interconnected modern system through centuries of institutional development, the lifting of religious bans on usury (Riba), and the establishment of central banking and monetary framework.
Central banks use open market operations (buying and selling of interest bearing govt bonds), interest rate policies, and reserve requirements to control the money supply and keep the economy running.
The International Monetary Fund (IMF) and the World Bank were created in July 1944. Both organizations officially came into existence in December 1945. Their purpose was not to rebuild the global economy but to control countries using interest as a tool/leverage. Secular Governments across the globe borrow money annually from financial institutions by issuing interest bonds to cover budget deficits.
The "Nixon Shock" dissolved the international gold standard framework and transitioned world currencies into a floating fiat money system pegging global currencies to the US dollar. Making dollar the anchor of global economy. Any currency pegged to the US dollar is linked to interest. Nations that borrow in US Dollars, when their local currency devalues, their debt and interest payments automatically spike, through no fault of their own. Without a physical constraint like gold, many governments have mismanaged the money supply by overprinting currency, triggering severe inflation and wealth inequality.
Inflation in low-income and poor countries severely deepened poverty, raised hunger levels, and destroyed real wages because poor households spend most of their income on basic necessities like food and fuel.
Based on reports nearly half the world's population live in countries that spend more on interest payments for public debt than on health. This figure represents the macroeconomic impact of debt, a global environment where high interest rates and high debt servicing costs create widespread financial distress. As of 2025, 52 countries representing nearly 40 percent of the developing world are in severe debt distress or at high risk of it. For these countries, high interest payments force a choice between servicing debt or investing in essential public services like healthcare. Central bank rate hikes meant to fight inflation have increased the cost of existing debt, creating a "debt crisis." As a result countless lives have been lost because of the poor healthcare system in these developing countries.
The trickle down affect of this global interest based economy is that interest is deeply embedded into the cost of everything, effectively acting as a hidden tax or structural cost built into the price of goods, services, and ultimately income.Because the global financial system relies on debt and interest to create and circulate money, these capital costs trickle down through every stage of production and employment.
Conclusion
This is what happens when deviant sects lie that Quraish didn't deny Allah SWT Lordship. They use this lie to divide Tawheed. They trampled upon Allah SWT rights. Insulting Allah SWT, that He only wants worship and not equality, justice and work. Those who deny Allah's lordship don't work (Abad, Amal) for Allah to forbid evil. They encourage evil (riba, zina etc). It is these deviant sects and those who followed them caused the evil of Riba to spread and become global. The blood of poor, weak, women and children are in the hands of such people.
When everything of yours is Haram (linked to riba) then your worship (Salah, Zakat, charity, Hajj, fasting, Umrah) is rejected. Nourishing oneself and one's family with haram is a rejection of Tawheed (denial of Allah's Lordship).
The meaning of Tawheed taught by these deviant sects " there is none worthy of worship except Allah," Or "there is no god but Allah," is absolutely wrong and misleading. The correct meaning is "there is none worthy of Lordship except Allah" or " there is no Lord but Allah". The correct meaning of Tawheed guides a person to work for Allah SWT to establish His commandments, remove injustice, eradicate inequality and preserve everyone's rights.
Our Prophet Muhammad pbuh didn't just worship Allah SWT but also worked for Him SWT by getting rid of the evils that plagued his society e.g. riba, zina, Intoxicants, free mixing, immodesty, wealth inequality etc. Those who follow Allah SWT is his Messenger pbuh would not have let riba (war against Allah SWT and his Messenger pbuh) spread and cover the whole globe.