Arab Today, arab today egypt\s alnour aim to revitalise and liberate economy
Last Updated : GMT 10:10:12
Arab Today, arab today
Arab Today, arab today

Critics say plan lacks detailed policy

Egypt\'s Al-Nour aim to revitalise and liberate economy

Arab Today, arab today

Arab Today, arab today Egypt\'s Al-Nour aim to revitalise and liberate economy

Egypt's major Salafists advocate a liberal economy with provisions made for social justice
Cairo - Arabstoday

Egypt's major Salafists advocate a liberal economy with provisions made for social justice Barring a few points, the economic programme of Egypt's premier Salafists scarcely differs from that of any other political party formed in the country since the ouster of President Hosni Mubarak in February .
In common with dozens of other parties, the Nour Party's programme talks of social justice and reforming healthcare and education. It, too, talks of battling unemployment by encouraging labour-intensive industry and developing scientific research.
In short, the party's economic ideology seems a kind of moderate liberalism.
“The party cares about some principles: the state must protect society and private property," Ossama El-Fil, the party's economic advisor explained to Ahram Online during a telephone interview.
"We completely private property. We don’t plead for confiscation or nationalisation but the business class must also play a social role," added
El-Fil, who also serves as a professor of economics at Alexandria University.
But the party's guiding philosophy adds a vital distinction. When it comes to public property, Oussama El-Fil says Islamic law -- or sharia -- which the party has sworn to uphold, makes it forbidden to privatise things like water, energy and natural resources.
The Nour Party's focus on social justice seems clearer than that of the Muslim Brotherhood, who critics say have often paid only lip service to such ideals. In its programme and in speeches by party members, issues like healthcare, education and a redistribution of wealth are all given prominent place.
But unlike other groups that talk of social justice, the party proposes one kind of mechanism to achieve this -- the use of Zakat (the giving of a fixed proportion of one's income to the poor) and Waqf (a religious endownment that may hold or redistribute the wealth).
According to El-Fil, these Sharia-mandated practices would not be imposed in Egypt but would be strictly voluntary. Once in power, the Nour Party would in effect be entirely dependent on acts of charity to finance its ambitious social plans.
The Salafists' plans for reforming Egypt's fiscal system, restructuring subsidies or using other methods to redistribute or generate more wealth is also unclear. Fighting tax evasion was the clearest idea advanced by their advisor to increase revenues.
In other areas of reform, the party's ideas seem rather utopian.
“The people and the business community will voluntarily play their social role if the environment is adequate," El-Fil told Ahram Online.
"We will create conditions to make them able to realise gains. In the same time if they trust the government and see that it fights corruption, they will carry their social role towards society."
All this might change; El-Fil says the party is still working on revising its economic programme and may soon announce changes. El-Fil, who describe himself as a liberal Islamist, is the man charged with formulating the economic vision, discussing relevant matters with the head of the Nour Party.
Banking, however, seems a sector with a fixed place in the party's economic philosophy.
The party's platform calls for an expansion in Islamic financing options, but done gradually to avoid damaging the current system.
El-Fil acknowledges that, in practice, today's Islamic banking system does not differ significantly from capitalist banking. "It's because people who work in the Islamic banks have a background in ordinary commercial banks," he said.
Tourism is the part of the economy on which everyone is eager to hear the Nour Party's official view. Several members have made controversial declarations about plans to ban or segregate beach tourism and outlaw alcohol.
None of this is mentioned in the party's economic programme. After sustained media coverage of earlier pronouncement, members seem to
be speaking more guardedly about the issue.
"It is in our interest to develop the tourism sector and to diversify it. We think that the number of people who benefit from the sector should increase," explained Mohamad Noor, a party spokesman.
"Some businessmen monopolise the tourism business in some areas or cities while tour guides receive only a pittance."
Aiming to reassure Egyptians, the party seems to be now saying that any change in laws will be gradual and many things will not be obligatory.
"We cannot change an economic system overnight. The changes will be gradual. We can not let people starve to death solely to implement a new vision," said El-Fil.


ahramonline .
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt\s alnour aim to revitalise and liberate economy Arab Today, arab today egypt\s alnour aim to revitalise and liberate economy

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday