INTERNATIONAL MONETARY FUND (IMF) AND ISLAMIC FINANCE

International Monetary fund is widely known for its financial support and stability programs toward week unstable economies around the world. It was not until 21st century when Islamic modes of financing became an official part IMF’s finance market after successfully generating record breaking revenues in Muslim countries like Malaysia Saudi Arabia. The most important aspect Sukuk. In fact, it reason a IMF. But current working IMF world mode don’t go side by side. this interest based policies increased risk factor borrower countries. Moreover, exploits using funds obtained strong as result, poor becomes poorer rich richer. who took out values entities from countries; Oil Gold. can be said that result success, suffered are still suffering. Pakistan living example amount debt payable insane send shivers down spine. So concluded started noble cause to suffering great depression WWII but has become Mafia cares only about gaining more power hold over economies.