The Rise of the Global Credit Economy Contributed by Prof. Dr. Nazeer Ahmed, PhD Civilization moves in epochs. In each epoch, the rules of competition are different. What drives the global civilization today is economic centralization, and the aristocrats of this drive are the bankers. The merchant, the industrialist, the soldier, the teacher and the mullah are all beholden to...

The Fatimid conquest of Egypt (969) was a defining moment in Islamic history. It destroyed any semblance of central authority in the Muslim world, provoked the reaction of the Turks as defenders of orthodox (Sunni) Islam, impelled the Omayyads in Spain to declare their own Caliphate, launched the powerful Murabitun revolution in western Africa, denied the Muslims their last chance to conquer...

Three men of giant stature dominated Islamic history in the 10th century. These were Abdur Rahman III of Spain, Muiz of Egypt and Mahmud of Ghazna. The first two determined the flow of historical events in the Mediterranean region, whereas Mahmud of Ghazna had a decisive impact on Central Asia and the Indo-Pakistan subcontinent. Abdur Rahman III was the ablest and most accomplished of the...

Islam liberated men and women from the shackles of slavery and made them masters of the world. The history of the Mamlukes illustrates this observation. In the 9th and 10th centuries, there was a brisk slave trade down the Volga River, near the Caspian Sea. The Vikings raided Europe with unrelenting ferocity in search of booty and slaves. Eastern Europe, fossilized as it was between...