Top 10 Misconceptions in Islam

Top 10 Misconceptions in Islam - by Huma Ahmad

MISCONCEPTION #1: Muslims are violent, terrorists and/or extremists.

This is the biggest misconception in Islam, no doubt resulting from the constant stereotyping and bashing the media gives Islam. When a gunman attacks a mosque in the name of Judaism, a Catholic IRguerrilla sets off a bomb in an urban area, or Serbian Orthodox militiamen rape and kill innocent Muslim civilians, these acts are not used to stereotype an entire faith. Never are these acts attributed to the religion of the perpetrators. Yet how many times have we heard the words 'Islamic, Muslim fundamentalist. etc.' linked with violence.

Politics in so called "Muslim countries" may or may not have any Islamic basis. Often dictators and politicians will use the name of Islam for their own purposes. One should remember to go to the source of Islam and separate what the true religion of Islam says from what is portrayed in the media. Islam literally means 'submission to God' and is derived from a root word meaning 'peace'.

Islam may seem exotic or even extreme in the modern world. Perhaps this is because religion doesn't dominate everyday life in the West, whereas Islam is considered a 'way of life' for Muslims and they make no division between secular and sacred in their lives. Like Christianity, Islam permits fighting in self-defense, in defense of religion, or on the part of those who have been expelled forcibly from their homes. It lays down strict rules of combat which include prohibitions against harming civilians and against destroying crops, trees and livestock.

NOWHERE DOES ISLAM ENJOIN THE KILLING OF INNOCENTS..

The Quran says: "Fight in the cause of God against those who fight you, but do not transgress limits. God does not love transgressors." (Quran 2:190) "If they seek peace, then seek you peace. And trust in God for He is the One that heareth and knoweth all things." (Quran 8:61) War, therefore, is the last resort, and is subject to the rigorous conditions laid down by the sacred law. The term 'jihad' literally means 'struggle'. Muslims believe that there are two kinds of jihad. The other 'jihad' is the inner struggle of the soul which everyone wages against egotistic desires for the sake of attaining inner peace.


MISCONCEPTION #2: Islam oppresses women.

The image of the typical Muslim woman wearing the veil and forced to stay home and forbidden to drive is all too common in most peoples thoughts. Although some Muslim countries may have laws that oppress women, this should not be seen as coming from Islam. Many of these countries do not rule by any kind of Shari'ah (Islamic law) and introduce their own cultural standpoints on the issue of gender equity.

Islam on the other hand gives men and women different roles and equity between the two is laid down in the Quran and the example of the Prophet (peace be upon him). Islam sees a woman, whether single or married, as an individual in her own right, with the right to own and dispose of her property and earnings. A marriage gift is given by the groom to the bride for her own personal use, and she keeps her own family name rather than taking her husband's. Both men and women are expected to dress in a way that is modest and dignified. The Messenger of God (peace be upon him) said: "The most perfect in faith amongst believers is he who is best in manner and kindest to his wife."

Violence of any kind towards women and forcing them against their will for anything is not allowed. A Muslim marriage is a simple, legal agreement in which either partner is free to include conditions. Marriage customs thus vary widely from country to country. Divorce is not common, although it is acceptable as a last resort. According to Islam, a Muslim girl cannot be forced to marry against her will: her parents simply suggest young men they think may be suitable.


MISCONCEPTION #3: Muslims worship a different God.

Allah is simply the Arabic word for God. Allah for Muslims is the greatest and most inclusive of the Names of God, it is an Arabic word of rich meaning, denoting the one and only God and ascribing no partners to Him. It is exactly the same word which the Jews, in Hebrew, use for God (eloh), the word which Jesus Christ used in Aramaic when he prayed to God. God has an identical name in Judaism, Christianity, and Islam; Allah is the same God worshiped by Muslims, Christians and Jews. Muslims believe that Allah's sovereignty is to be acknowledged in worship and in the pledge to obey His teaching and commandments, conveyed through His messengers and prophets who were sent at various times and in many places throughout history. However, it should be noted that God in Islam is One and Only. He, the Exalted, does not get tired, does not have a son ie Jesus or have associates, nor does He have human-like attributions as found in other faiths.


MISCONCEPTION #4: Islam was spread by the sword and intolerant of other faiths.

Many social studies textbooks for students show the image of an Arab horseman carrying a sword in one hand and the Quran in the other conquering and forcibly converting. This, though, is not a correct portrayal of history. Islam has always given respect and freedom of religion to all faiths. The Quran says: "God forbids you not, with regards to those who fight you not for [your] faith nor drive you out of your homes, from dealing kindly and justly with them; for God loveth those who are just. 60:8)

Freedom of religion is laid down in the Quran itself: "There is no compulsion (or coercion) in the religion (Islam). The right direction is distinctly clear from error". (2:256)

Christian missionary, T.W. Arnold had this opinion on his study of the question of the spread of Islam: ".. of any organized attempt to force the acceptance of Islam on the non-Muslim population, or of any systematic persecution intended to stamp out the Christian religion, we hear nothing. Had the caliphs chosen to adopt either course of action, they might have swept away Christianity as easily as Ferdinand and Isabella drove Islam out of Spain, or Louis XIV made Protestanism ..."

It is a function of Islamic law to protect the privileged status of minorities, and this is why non-Muslim places of worship have flourished all over the Islamic world. History provides many examples of Muslim tolerance towards other faiths: when the caliph Omar entered Jerusalem in the year 634, Islam granted freedom of worship to all religious communities in the city. Proclaiming to the inhabitants that their lives, and property were safe, and that their places of worship would never be taken from them, he asked the Christian patriarch Sophronius to accompany him on a visit to all the holy places. Islamic law also permits non-Muslim minorities to set up their own courts, which implement family laws drawn up by the minorities themselves. The life and property of all citizens in an Islamic state are considered sacred whether the person is Muslim or not.

Racism is not a part of Islam, the Quran speaks only of human equality and how all peoples are equal in the sight of God. "O mankind! We created you from a single soul, male and female, and made you into nations and tribes, so that you may come to know one another. Truly, the most honored of you in God's sight is the greatest of you in piety. God is All-Knowing, All- Aware. (49:13)


MISCONCEPTION #5: All Muslims are Arabs.

The Muslim population of the world is around 1.2 billion. 1 out of 5 people in the world is a Muslim. They are a vast range of races, nationalities, and cultures from around the globe--from the Phillipines to Nigeria--they are united by their common Islamic faith. Only about 18% live in the Arab world and the largest Muslim community is in Indonesia. Most Muslims live east of Pakistan. 30% of Muslims live in the Indian subcontinent, 20% in Sub-Saharan Africa, 17% in Southeast Asia, 18% in the Arab world, and 10% in the Soviet Union and China. Turkey, Iran and Afghanistan make up 10% of the non-Arab Middle East. Although there are Muslim minorities in almost every area, including Latin America and Australia, they are most numerous in Russia and its newly independent states, India and central Africa. There are about 6 million Muslims in the United States.


MISCONCEPTION #6: The Nation of Islam is a Muslim group.

Islam and the so called "Nation of Islam'" are two different religions. NOI is more of a political organization since its members are not limited to a single faith. Muslims consider this group to be just one of many cults using the name of Islam for their own gain. The only thing common between them is the jargon, the language used by both. "The Nation of Islam" is a misnomer; this religion should be called Farrakhanism, after the name of its propogator, Louis Farrakhan.

Islam and Farakhanism differ in many fundamental ways. For example, Farakhan followers believe in racism and that the 'black man' was the original man and therefore superior, while in Islam there is no racism and everyone is considered equal in the sight of God, the only difference being in one's piety. There are many other theological examples that show the 'Nation's teachings have little to do with true Islam. There are many groups in America who claim to represent Islam and call their adherents Muslims.

Any serious student of Islam has a duty to investigate and find the true Islam. The only two authentic sources which bind every Muslim are 1. the Quran and 2. authentic or sound Hadith. Any teachings under the label of "Islam" which contradict or at variance with the direct understanding of fundamental beliefs and practices of Islam form the Quran and authentic Hadith should be rejected and such a religion should be considered a Pseudo-Islamic Cult.

In America there are many pseudo-Islamic cults, Farrakhanism being one of them. An honest attitude on the part of such cults should be not to call themselves Muslims and their religion Islam. such an example of honesty is Bahaism which is an off-shoot of Islam but Bahais do not call themselves Muslims nor their religion, Islam. In fact Bahaism is not Islam just as Farrakhanism is not Islam.


MISCONCEPTION #7: All Muslim men marry four wives.

The religion of Islam was revealed for all societies and all times and so accommodates widely differing social requirements. Circumstances may warrant the taking of another wife but the right is granted, according to the Quran, only on condition that the husband is scrupulously fair. No woman can be forced into this kind of marriage if they do not wish it, and they also have the right to exclude it in their marriage contract.

Polygamy is neither mandatory, nor encouraged, but merely permitted. Images of "sheikhs with harems" are not consistent with Islam, as a man is only allowed at most four wives only if he can fulfill the stringent conditions of treating each fairly and providing each with separate housing etc. Permission to practice polygamy is not associated with mere satisfaction of passion. It is rather associated with compassion toward widows and orphans. It was the Quran that limited and put conditions on the practice of polygamy among the Arabs, who had as many as ten or more wives and considered them "property".

It is both honest and accurate to say that it is Islam that regulated this practice, limited it, made it more humane, and instituted equal rights and status for all wives. What the Qur'anic decrees amount to, taken together is discouragement of polygamy unless necessity for it exists. It is also evident that the general rule in Islam is monogamy and not polygamy. It is a very tiny percentage of Muslims that practice it over the world. However, permission to practice limited polygamy is only consistent with Islam's realistic view of the nature of man and woman and of various social needs, problems and cultural variations.

The question is, however far more than the inherent flexibility of Islam; it also is the frank and straightforward approach of Islam in dealing with practical problems. Rather than requiring hypocritical and superficial compliance, Islam delves deeper into the problems of individuals and societies, and provides for legitimate and clean solutions which are far more beneficial than would be the case if they were ignored. There is no doubt that the second wife legally married and treated kindly is better off than a mistress without any legal rights or expermanence.


MISCONCEPTION #8: Muslims are barbaric, backward people.

Among the reasons for the rapid and peaceful spread of Islam was the simplicity of its doctrine-Islam calls for faith in only one God worthy of worship. It also repeatedly instructs man to use his powers of intelligence and observation. Within a few years, great civilizations and universities were flourishing, for according to the Prophet (pbuh), 'seeking knowledge is an obligation for every Muslim man and woman'.

The synthesis of Eastern and Western ideas and of new thought with old, brought about great advances in medicine, mathematics, physics, astronomy, geography, architecture, art, literature, and history. Many crucial systems such as algebra, the Arabic numerals, and also the concept of the zero (vital to the advancement of mathematics), were transmitted to medieval Europe from Islam. Sophisticated instruments which were to make possible the European voyages of discovery were developed, including the astrolabe, the quadrant and good navigational maps.


MISCONCEPTION #9: Muhammad was the founder of Islam and Muslims worship him.

Muhammad(pbuh) was born in Mecca in the year 570. Since his father died before his birth, and his mother shortly afterwards, he was raised by his uncle from the respected tribe of Quraysh. As he grew up, he became known for his truthfulness, generosity and sincerity, so that he was sought after for his ability to arbitrate in disputes. The historians describe him as calm and meditative. Muhammad (pbuh) was of a deeply religious nature, and had long detested the decadence of his society.

It became his habit to meditate from time to time in the Cave of Hira near Mecca. At the age of 40, while engaged in a meditative retreat, Muhammad(pbuh) received his first revelation from God through the Angel Gabriel. This revelation, which continued for 23 years is known as the Quran. As soon as he began to recite the words he heard from Gabriel, and to preach the truth which God had revealed to him, he and his small group of followers suffered bitter persecution, which grew so fierce that in the year 622 God gave them the command to emigrate.

This event, the Hijra 'migration', in which they left Mecca for the city of Medina, marks the beginning of the Muslim calendar. After several years, the Prophet and his followers were able to return to Mecca, where they forgave their enemies and established Islam definitively. Before the Prophet saw dies at the age of 63, the greater part of Arabia was Muslim, and within a century of his death Islam had spread to Spain in the West and as far East as China. He died with less than 5 possessions to his name.

While Muhammad (pbuh) was chosen to deliver the message, he is not considered the "founder" of Islam, since Muslims consider Islam to be the same divine guidance sent to all peoples before. Muslims believe all the prophets from Adam, Noah, Moses, Jesus etc. were all sent with divine guidance for their peoples. Every prophet was sent to his own people, but Muhammad(pbuh) was sent to all of mankind. Muhammad is the last and final messenger sent to deliver the message of Islam. Muslims revere and honor him (pbuh) for all he went through and his dedication, but they do not worship him. "O Prophet, verily We have sent you as a witness and a bearer of glad tidings and a warner and as one who invites unto God by His leave and as an illuminating lamp."(33:45-6)


MISCONCEPTION #10: Muslims don't believe in Jesus or any other prophets.

Muslims respect and revere Jesus, upon him be peace, and await his Second Coming. They consider him one of the greatest of God's messengers to mankind. A Muslim never refers to him simply as 'Jesus', but always adds the phrase 'upon him be peace' (abbreviated as (u) here). The Quran confirms his virgin birth (a chapter of the Quran is entitled 'Mary'), and Mary is considered the purest woman in all creation. The Quran describes the Annunciation as follows:

"Behold!" the Angel said, "God has chosen you, and purified you, and chosen you above the women of all nations. O Mary, God gives you good news of a word from Him whose name shall be the Messiah, Jesus son of Mary, honored in this world and the Hereafter, and one of those brought near to God. He shall speak to the people from his cradle and in maturity, and shall be of the righteous." She said: "O my Lord! How shall I have a son when no man has touched me?" He said: "Even so; God creates what He will. When He decrees a thing, He says to it, "Be!" and it is" (Quran 3:42-47)

Jesus (u) was born miraculously through the same power, which had brought Adam (u) into being without a father: "Truly, the likeness of Jesus with God is as the likeness of Adam. He created him of dust, and then said to him, 'Be!' and he was." (3:59) During his prophetic mission Jesus (u) performed many miracles. The Quran tells us that he said: " I have come to you with a sign from your Lord: I make for you out of clay, as it were, the figure of a bird, and breath into it and it becomes a bird by God's leave. And I heal the blind, and the lepers, and I raise the dead by God's leave." (3:49) Neither Muhammad (pbuh) not Jesus (u) came to change the basic doctrine of the brief in One God brought by earlier prophets, but to confirm and renew it.

In the Quran Jesus (u) is reported as saying that he came: "To attest the law which was before me. And to make lawful to you part of what was forbidden you; I have come to you with a sign from your Lord, so fear God and obey Me. (3:50) The Prophet Muhammad (pbuh) said: "Whoever believes there is no god but God, alone without partner, that Muhammad (pbuh) is His messenger, that Jesus is the servant and messenger of God, His word breathed into Mary and a spirit emanating from Him, and that Paradise and Hell are true, shall be received by God into Heaven. "(Hadith related by Bukhari).

Question and Answer Details

Question and Answer Details
Name of Questioner Jane - United States
Title Ramadan, Jesus, and the Moon
Date 20/Aug/2009

Question : I am a devoted Christian. I work as a teacher of English language and I have worked in several foreign countries. I have lived in countries like Japan, India. I have never suffered from a cultural shock except when I lived for a short while in an Arab Muslim country.

The first shock was because of the way people degraded Jesus, the Lord. The second shock was because, though they were always nice to me, they still were not clear. They always claimed that they do believe in Jesus as a human prophet and that they highly appreciated the idea of a One Great God, who "would never beget or begotten".

To tell you the truth, it bugged my conscience a bit, but the idea was some how touching to my heart. But, then, when Ramadan was coming, I got messed up! People cared very much for "the moon"! They were waiting for the crescent to show up as if they worshipped it... The moment they knew it did appear their life style completely changed.

They seemed as if they believed the moon was some how holy and divine. So, why don't they believe in Jesus then?! At least Jesus cured the sick and paid for our sins! I hope I am not offending you by my questions. But, I left that country in 5 days after the start of Ramadan. I never understood why they see the moon as holy, while they claimed they only worshiped their "special and great" God!

Please explain – thank you.
Topic : Interfaith Issues, Non-Muslims, Islamic Creed
Name of Counselor : Ælfwine Mischler

Answer

Salam, Jane.

Thank you for your questions. They do not offend us, but rather they show your desire to understand and know the truth about Islam and Muslims.

You raised several points in your question, and I would like to address them one by one.


Muslim Jesus

You said that your first cultural shock was that Muslims degraded Jesus (peace be upon him). You did not say what exactly you heard that you felt was degrading.

We believe that Jesus was a human being, miraculously born of a virgin, and that he was a prophet and messenger of God. He miraculously spoke as a baby in the cradle, and later performed other miracles such as healing the sick and raising the dead - by the grace of Allah.

Are we degrading him because we do not accept that he is God or the Son of God? In fact, we Muslims feel that Christians are exalting him beyond his human nature.

We love and respect Jesus as a prophet and a messenger. We do not accept that he is "the Lord". Rather Allah, the One Who created us all and Who sent Jesus and the other prophets, including Muhammad (peace be upon them all), is our Lord. I cannot believe that any Muslim, with a modicum of knowledge, would insult Jesus - in contrast to what many Christians often say about Muhammad.

You referred to the Muslims' Special and Great God. We worship the same God as you. We just have some disagreement about His nature and, of course, about the nature of Jesus. God - or Allah in Arabic - is the One Who created everything and who will raise us and judge us all, on the Day of Judgment.

Your second shock, you said, was that Muslims "were not clear with you". I do not quite understand this remark. They probably were trying to be nice, but you expected them to be either apologetic or aggressive and put things for you in: black and white.

I really wonder why you got that impression, instead of feeling that they wanted to offer you their admiration and respect, without offending you in any way? Maybe it was simply cultural differences here.

Is the Moon Divine?

There also seems to be a misunderstanding about Muslims' excitement over sighting the new crescent of Ramadan. So let me elaborate a bit on that.

First of all, ask yourself, why do many Americans get so excited about watching a ball fall in Times Square on New Year's Eve? It is just to mark the passage of time, the beginning of a new year.

I think you could draw an analogy with the sighting of the new moon at the beginning of Ramadan. It is marking the passage of time, the beginning of a blessed month. In all cultures you will find similar celebrations, rituals, and social events.

Ramadan

Ramadan, as you probably know, is a month of fasting and additional worship schedules. It is supposed to be a time of spiritual renewal and extra efforts to give charity, read Qur'an, pray… etc.

Even many Muslims who do not keep their prayers regularly, fast during the month of Ramadan. As for others, who worship regularly, they feel it is time for renewing their commitment that might have become a habit, more that a serene and consciously devoted relation with Allah.

So, the sighting of the moon at the beginning of Ramadan is not, as you interpreted, because Muslims worship the moon. It is just that they are happy to see the start of a happy and blessed month.

You remarked that people's behavior changed completely during this month. It is true, unfortunately - that for many people - Ramadan has become a month of consumerism. This is as much as Xmas is not any more a purely religious event, but a season for the capital market, sales and shopping, even partying in five starts hotels for the rich ones!

On the other hand, it is also good and not far from the spirit of religion to consider it as a time for frequent dinners with family and friends, thus strengthening the social ties.

Again, you can see how many similarities run between different cultures and traditions, through their struggle to keep the spiritual aims of such times in tact, while coping with modern life styles.

As for sighting the moon, Islam follows a lunar calendar for its religious celebrations. In some countries, such as Saudi Arabia, the Islamic calendar is regularly used for everyday affairs. In other countries, the Gregorian calendar is used regularly, and the lunar calendar is referred to, for the religious holidays only.

In either case, the lunar calendar is a great mercy from God. Even if someone is stranded in a deserted place, he only needs to watch the moon and keep track of the new moons to mark the passage of time.

There is no need to be an astronomer and add occasional extra days, as with the solar calendar, so that the same months fall in the same seasons. Also, by following the lunar calendar, Ramadan and Hajj (pilgrimage) fall in different seasons of the year throughout a 33-year cycle. This way, one country does not always fast during a very hot or a very cold season, and likewise, the Hajj falls during various seasons of the year.

I hope that I have clarified things for you. Continue to search for answers to your questions, but remember not to judge Islam by what you see Muslims do. For, like in the case of Christians, Jews, and followers of any religion or creed, some Muslims do not practice what their religion teaches.

May God guide us all to the truth.

If you have any more questions, please do not hesitate to write to us.

Salam.

Current Account Balance

Current Account Balance

Rank Country Current account balance (million US $)

1 People's Republic of China (PRC) 179,100
2 Japan 174,400
3 Germany 134,800
4 Russia 105,300
5 Saudi Arabia 103,800
6 Norway 63,330
7 Switzerland 50,440
8 Netherlands 50,170
9 Kuwait 40,750
10 Singapore 35,580
11 Venezuela 31,820
12 Sweden 28,610
13 United Arab Emirates 26,890
14 Algeria 25,800
15 Hong Kong 20,900
16 Canada 20,560
17 Malaysia 17,860
18 Libya 14,500
19 Brazil 13,500
20 Iran 13,130
21 Nigeria 12,590
22 Qatar 12,510
23 Taiwan 9,700
24 Finland 8,749
25 Iraq 8,134
26 Angola 7,700
27 Oman 7,097
28 Belgium 6,925
29 Austria 5,913
30 Argentina 5,810
31 Chile 5,063
32 Denmark 4,941
33 Philippines 4,900
34 Luxembourg 4,630
35 Trinidad and Tobago 3,259
36 Azerbaijan 2,737
37 Egypt 2,697
38 Korea , South 2,000
39 Bahrain 1,999
40 Gabon 1,807
41 Botswana 1,698
42 Yemen 1,690
43 Indonesia 1,636
44 Peru 1,515
45 Israel 1,643
46 Uzbekistan 1,410
47 Burma 1,247
48 Republic of the Congo 1,215
49 Vietnam 1,029
50 Ecuador 727
51 Bolivia 688
52 Papua New Guinea 661
53 Namibia 572
54 Ivory Coast 460
55 Cameroon 419
56 Morocco 389
57 Bangladesh 339
58 Turkmenistan 321.2
59 Equatorial Guinea 175
60 British Virgin Islands 134.3 (1999)
61 Kazakhstan 113
62 Cook Islands 26.67 (2005)
63 Palau 15.09 (2004)
64 Tuvalu 2.323 (1998)
65 Samoa -2.428 (2004)
66 Tonga -4.321 (2005)
67 Comoros -17 (2005)
68 Kiribati -19.87 (2004)
69 Swaziland -23.13
70 São Tomé and Príncipe -24.4
71 Vanuatu -28.35 (2003)
72 Federated States of Micronesia-34.3 (2005)
73 Anguilla -42.87 (2003)
74 Cape Verde -44.43
75 The Gambia - 54.61
76 Burundi -57.84
77 Haiti -58.72
78 Tajikistan -73.95
79 Lesotho -75.44
80 Seychelles -78.59
81 Antigua and Barbuda -83.4 (2004)
82 Guyana - 84.3
83 Rwanda -104.1
84 Honduras -160
85 Zambia -165.4
86 Republic of Macedonia -167
87 Belize -173.4
88 Malawi -186
89 Ghana -219
90 Armenia -247.3
91 Togo -261.9
92 Zimbabwe - 264.6
93 Kyrgyzstan -287.3
94 Paraguay -300
95 Chad -324.1
96 Benin -342.7
97 Guinea -344
98 Cambodia -369
99 Mexico -400.1
100 Uganda -423
101 Eritrea -440..5
102 Mozambique -444.4
103 Fiji -465.8
104 Panama -467
105 Madagascar -504
106 Laos -404.2
107 Belarus -511.8
108 Syria -529
109 Moldova -561
110 Uruguay -600
111 Burkina Faso -604.6
112 Mauritius -651
113 Albania -679.9
114 Georgia -735
115 Tunisia -760
116 Slovenia -789.2
117 Nicaragua -883
118 Senegal -895.2
119 Thailand - 899.4
120 Tanzania -906
121 Malta -966.2
122 Jamaica -970
123 Cyprus -1,051
124 El Salvador -1,059
125 Sri Lanka -1,118
126 Kenya -1,119
127 Dominican Republic -1,124
128 Costa Rica -1,176
129 Cuba -1,218
130 Guatemala -1,533
131 Bosnia and Herzegovina -1,730
132 Estonia -1,919
133 Ukraine -1,933
134 Colombia -2,219
135 Serbia -2,451 (2005)
136 Latvia -2,538
137 Lithuania -2,572
138 Jordan -2,834
139 Croatia -2,892
140 Iceland -2,932
141 Ethiopia -3,384
142 Slovakia -3,781
143 Czech Republic -4,352
144 Sudan -4,510
145 Poland -4,548
146 Bulgaria -5,100
147 Lebanon -5,339
148 Pakistan -5,486
149 New Zealand -7,944
150 Hungary -8,392
151 Ireland -9,450
152 Romania -12,450
153 South Africa -12,690
154 Portugal -16,750
155 Greece -21,370
156 Italy -23,730
157 Turkey -25,990
158 India -26,400
159 France -38,000
160 Australia -41,620
161 United Kingdom -57,680
162 Spain -98,600
163 United States -862,300

Saving is sin, and spending is virtue...
Interesting article written by an Indian Economist

Japanese save a lot. They do not spend much. Also Japan exports far more
than it imports. Has an annual trade surplus of over 100 billions. Yet
Japanese economy is considered weak, even collapsing.

Americans spend, save little. Also US imports more than it exports. Has an
annual trade deficit of over $400 billion. Yet, the American economy is
considered strong and trusted to get stronger.

But where from do Americans get money to spend?

They borrow from Japan , China and even India .
Virtually others save for the US to spend. Global savings are mostly
invested in US, in dollars..

India itself keeps its foreign currency assets of over $50 billions in US
securities. China has sunk over $160 billion in US securities. Japan 's
stakes in US securities is in trillions.

Result:

The US has taken over $5 trillion from the world. So, as the world saves
for the US , Americans spend freely. Today, to keep the US consumption
going, that is for the US economy to work, other countries have to remit
$180 billion every quarter, which is $2 billion a day, to the US !

A Chinese economist asked a neat question. Who has invested more, US in China , or China in US? The US has invested in China less than half of what China has invested in US.

The same is the case with India . We have invested in US over $50 billion.But the US has invested less than $20 billion in India .

Why the world is after US?

The secret lies in the American spending, that they hardly save. In fact they use their credit cards to spend their future income. That the US spends is what makes it attractive to export to the US . So US imports more than what it exports year after year.

The result:

The world is dependent on US consumption for its growth. By its deepening culture of consumption, the US has habituated the world to feed on US consumption. But as the US needs money to finance its consumption, the world provides the money.

It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier.

Who is America 's biggest shopkeeper financier? Japan of course. Yet it's Japan which is regarded as weak. Modern economists complain that Japanese do not spend, so they do not grow. To force the Japanese to spend, the Japanese government exerted itself, reduced the savings rates, even charged the savers.

Even then the Japanese did not spend (habits don't change, even with taxes,do they?).. Their traditional postal savings alone is over $1.2 trillions,about three times the Indian GDP. Thus, savings, far from being the strength of Japan,has become its pain.

Hence, what is the lesson?

That is, a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend.

Dr. Jagdish Bhagwati, the famous Indian-born economist in the US,told Manmohan Singh that Indians wastefully save. Ask them to spend, on imported cars and, seriously, even on cosmetics! This will put India on a growth curve. This is one of the reason for MNC's coming down to India , seeing the consumer spending.

'Saving is sin, and spending is virtue.

But before you follow this neo economics, get some fools to save so that you can borrow from them and spend!!!

Obama hosts dinner for Islamic holy month

Obama hosts dinner for Islamic holy month

By ANN SANNER (AP) – 14 hours ago

WASHINGTON — President Barack Obama on Tuesday praised American Muslims for enriching the nation's culture at a dinner to celebrate the Islamic holy month of Ramadan.

"The contribution of Muslims to the United States are too long to catalog because Muslims are so interwoven into the fabric of our communities and our country," Obama said at the iftar, the dinner that breaks the holiday's daily fast.

The president joined Cabinet secretaries, members of the diplomatic corps and lawmakers to pay tribute to what he called "a great religion and its commitment to justice and progress."

Attendees included Congress' two Muslim members — Reps. Keith Ellison, D-Minn., and Andre Carson, D-Ind., as well as ambassadors from Islamic nations and Israel's ambassador to the United States, Michael Oren.

Obama shared the story of Bilqis Abdul-Qaadir, another invited guest, who broke a state record for most career points as a Massachusetts high school student.

"As an honor student, as an athlete on her way to Memphis, Bilqis is an inspiration not simply to Muslim girls — she's an inspiration to all of us," he said.

Obama also noted the contributions of Muhammad Ali, who was not in attendance, though the president borrowed a quote from famous boxer, explaining religion.

"A few years ago," Obama said, "he explained this view — and this is part of why he's The Greatest — saying, 'Rivers, ponds, lakes and streams — they all have different names, but they all contain water. Just as religions do — they all contain truths.'"

Ramadan, a monthlong period of prayer, reflection and sunrise-to-sunset fasts, began Aug. 22 in most of the Islamic world. It is believed that God began revealing the Quran to Muhammad during Ramadan, and the faithful are supposed to spend the month in religious reflection, prayer and remembrance of the poor.

White House dinners marking the holy month are nothing new. Former President George W. Bush held iftars during his eight years in office.

Obama has made a special effort since taking office to repair U.S. relations with the world's Muslims, including visits to Turkey and Cairo. In a June speech at the Egyptian capital, as well as in one to another important Muslim audience, in Turkey, Obama said: "America is not — and never will be — at war with Islam."

Obama also released a video message to Muslims before the start to Ramadan. In the video, he said Ramadan's rituals are a reminder of the principles Muslims and Christians have in common, including advancing justice, progress, tolerance and the dignity of all human beings.