Antichrist Regime will "Share the Wealth" Dan 11:24

Daniel 11 ²⁴ He shall enter peaceably, even into the richest places of the province; and he shall do what his fathers have not done, nor his forefathers: he shall disperse among them the plunder, spoil, and riches; and he shall devise his plans against the strongholds, but only for a time.

Islamic socialism is a system of government adopted by some Muslim countries which marries the teachings of Islam with the economic principles of socialism.  Many Islamic scholars denounce the government programs inspired by Socialism, citing the Islamic emphasis on the individual and the freedom of ownership. Islamic socialists counter that socialism, with its principles of sharing land, food, and other resources is in line with al-takaful al-maddi taught in the Quran.1
Socialism refers to the economic system envisioned by Karl Marx and Vladimir Lenin, in which production and distribution of wealth within a country are controlled by the government.2 Lenin was a Russian revolutionary who came to power in 1917, nationalizing the banks and ordering the redistribution of land and resources throughout Russia.3


As world markets suffer under the weight of the ongoing global financial crisis, the Vatican has put forward a new suggestion, arguing that the principles of Islamic finance may represent a possible cure for ailing markets.

The Vatican's official newspaper, L'Osservatore Romano, recently published an article titled "Islamic finance proposals and ideas for the West in crisis," prepared by Italian economists Loretta Napoleoni and Claudia Segre, in which it was suggested that the basic rules of Islamic finance could relieve suffering markets and particularly international financial systems. Noting that Islam prohibits "riba," Arabic for the usurious loaning of money, the article argued that "sukuk bonds," securities that comply with Islamic law, may be an alternative to interest. The article stressed that sukuk bonds are always real investments and never speculative.

The article said that in this atmosphere of crisis banks should take Muslims as an example and that the Islamic finance system may pave the way for the establishment of new rules in the Western world. The Vatican has suggested that the current capitalist system has failed. Pope Benedict XVI recently harshly criticized the capitalist system and the greediness of bank owners in the West.  In the meantime, the Vatican itself has been badly affected by the crisis. It had recorded an 18 billion euro budget surplus in 2007, but this number had declined to 6 billion euros by the end of 2008 and is expected to fall further in 2009.