Banking and Climate Change

Published in: World, Wealth
Date: 03 / 05 / 18

Climate change and the consequential global natural disaster pattern is one of the most serious threats in 21st century. Like it or not, but the glum reality staring at us is that the modern way of living is the most unsustainable in its entirety. Rather than probing deep into the root causes of this global crisis, analysts only study the surface and hence conclude that the only way of preserving humanity and the future ahead is to cut down on the Carbon footprint and switch to Renewable Energy. While that is a reasonable statement, but from the point of pure reason and logic it is deficient.

My research paper entitled "Banking and Natural Disasters- Cause and Effect" deconstructs the entire issue to its roots, revealing that for a sustainable future ahead, the engine behind the Global Ecological Crisis has to be replaced. This engine being the Monetary System and Banking Sector. This is a video rendering of my Research paper wherein I expound on the worst problem human existence has ever faced- Complete Disfigurement of the Environment in the name of pseudo-progress.

I wrote on this subject the first time in September 2014 when Kashmir Valley was hit by the worst floods in recorded history. The increase over the years in bank funded infrastructure and amenities like cars etc was before my eyes, and being well versed with sustainability, I knew that this had to have serious irreparable consequences. And so be it, many lives were lost and millions of Rupees worth economic damage, which could have been easily avoided if some attention was given to the Environmental Impact of unfettered Banking practices.

God Most High, in the Chapter of Europeans (30:41) in the Quran, first denounces Riba (unjust Banking and Money Transactions) strongly and immediately mentions the catastrophic defacement of the Ecology by what "the hands of man have earned" in symbolic words. The modern man thinks he has "earned", instead he has "destroyed, pillaged and corrupted".

Safiyyah Sabreen Syeed

About the author

Safiyyah Sabreen studied Mechanical Engineering and is currently pursuing her Master's in Philosophy. She is the Content Director for KNOW. Being interested in the field of Islam and Science and Islamic Eschatology, she produced a documentary on the Golden Age of Islam and directs the Second Golden Age series.

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