News Archives » Economic Justice
Oblates Participate in 10th Harvard University Forum on Islamic Finance April 20th, 2012
Fr. Séamus Finn, OMI participated in the 10th Harvard University Forum on Islamic Finance held in Cambridge, Massachusetts on March 24-25, 2012. He was a panelist in the plenary session on Faith-Based Investment and Social Responsibility.
The Forum brochure offered this summary of the proceedings:
The Tenth Forum features three main parallel sessions, which reflect three major themes within the topic of economic development. These include the Islamic financial sector’s contribution to global economic development, Islamic finance and the development of Small and Medium-sized Enterprises (SMEs), and faith-based investment and social responsibility. Apart from these three main sessions, there are also parallel sessions on Islamic finance and the Arab Spring movements, global perspectives on Islamic finance, Islamic finance and alternative economic thinking, and current academic research on product development in the Islamic finance industry. With over 50 speakers and 30 nationalities represented, the forum attracts the leading practitioners from academia and the industry to critically discuss the issues highlighted above with a view to proposing sustainable developmental plans for the Islamic finance industry in general. There is no doubt that this rapidly developing field of the global financial system requires a close scrutiny to maximally harness it for the development of the global economy.Learn more about the Islamic Finance Project…
US Textile Trade Associations Press Bangladeshi Government on Murder of Labor Leader April 20th, 2012
- Aminul Islam, slain Bangladeshi labor leader
A number of textile trade associations and unions sent a letter to the Bangladeshi Prime Minister in response to the recent murder of labor activist, Aminul Islam. Mr. Islam was a senior organizer at the Bangladesh Center for Worker Solidarity (BCWS) and a local leader for the Bangladesh Garment and Industrial Workers Federation (BGIWF). Both organizations have been working to help workers combat low wages, deadly factory fires, and repression of their right to organize. This letter went to the Prime Minister through the initiative of ICCR shareholders with Wal-Mart and PVH Corp. (Phillips Van Heusen). The Missionary Oblates is an active member of the Interfaith Center on Corporate Responsibility (ICCR).
Read the letter (Download PDF)
The International Labor Rights Forum sent out this information on Aminul Islam on April 12th:
Last Wednesday, Aminul Islam left his office for evening prayers. He noticed a police van parked outside and called his colleagues, worried about possible harassment. Then he went to meet with a worker. He never returned home.
His body was found a day later. According to police reports his legs had severe torture marks including a hole made by a sharp object. All his toes were broken.
Aminul was a senior organizer at the Bangladesh Center for Worker Solidarity (BCWS) and a local leader for the Bangladesh Garment and Industrial Workers Federation (BGIWF). ILRF has worked with BCWS and BGIWF for many years. They have been a critical force in the effort to defend workers’ rights in a country known for sub-poverty wages, deadly factory fires, and repression of the right to organize.
Over the past two years, the government of Bangladesh has carried out a campaign of intimidation and harassment against BCWS. On June 16, 2010, Aminul was detained by security forces, beaten repeatedly and threatened with death, in an attempt to coerce him into making incriminating statements against the organization. Not long after, he and his colleagues Kalpona Akter and Babul Akhter were arrested and kept in jail for nearly a month, where they were subjected to psychological and physical abuse. Since 2010, Aminul, Kalpona and Babul have faced criminal charges for which no substantiating evidence has been presented.
Given this history, there is strong reason to suspect that Aminul’s murder was in retaliation for his efforts as a labor rights organizer and to fear this could represent a violent escalation in the repression of worker rights advocates in Bangladesh.
Join with us in calling for a thorough and impartial investigation into Aminul’s murder. BCWS and BGIWF have asked for an outpouring of letters to the Prime Minister of Bangladesh. Please take a moment to add your voice!
April Newbrief from the JPIC Commission Office in Rome April 5th, 2012
The Commission for Justice, Peace and Integrity of Creation USG/UISG Secretariat has issued their Newsbrief for April. The newsletter is available in English and Spanish. Useful resources given on mining, land grabbing, water and more…
Land Grabs in Africa Leave Communities Impoverished April 5th, 2012
The problem of land grabbing in Africa and Asia by investment firms and multinational corporations is a serious and growing problem. Governments make deals with large multinational companies while thousands of poor farmers are left with inadequate compensation, low wages, polluted water and exposure to toxic agricultural chemicals that cause health problems.
While problems with land grabs abound, SOCFIN Agriculture. Co. is a particularly egregious company. Owned by French billionaire Vincent Bollore, SOCFINAF Group owns and operates plantations of rubber, oil palm and coffee in Indonesia, Cambodia, Kenya, Cameroon, Nigeria, Cote d’Ivoire (Ivory Coast) and Liberia. SOCFIN recently has secured 6,500 hectares of farmland for rubber/palm oil production in Sierra Leone.
The Oakland Institute, a California-based think-tank, has detailed a pattern of coercion, lack of consultation, and failure to fairly compensate Sierra Leonean landowners who have been pressured into ceding their land to the corporate giant. Watch this video on SOCFIN’s Sierra Leone’s operations:
Click here to read more »
Spiritual Grounding for Economics April 1st, 2012
Father Marcelo Barros, OSB
We would like to share a very interesting article on economics (translated from the Portugese) by Father Marcelo Barros, OSB, Brazilian writer and theologian. The article examines the concept of a spiritual economy and the importance of linking human needs and aspirations with the basic rationale of any economy:
“As in all fields of life and human activity, spirituality must give a soul to the economy. Without the spirit, the economy lets itself dominate the market as an idol. And money transforms itself into a fetish. The market, that in itself is a human institution of interchange and of relations between persons and between groups, has become an absolute and disconnected from the rest. To such a point that we could denounce with Jesus: “the market was made for human beings and not human beings for the market”. In the last decades of the twentieth century, the economy became more than ever centered in money and in capital titles, with authoritarian neoliberalism and predominance (arrogance).”Learn more (Download PDF of the article)
Fr. Barros was ordained to the priesthood in 1969 by Dom Helder Camara , and for nearly ten years, from 1967 to 1976 , served as secretary and adviser to Dom Helder for ecumenical affairs. He is the author of at least six books, and has been an active member of the Ecumenical Association of Third World Theologians (EATWOT).
