In a significant development that has caught the attention of financial analysts and investors alike, the retail prices of gold in Japan have surpassed the milestone of 10,000 Yen per gram for the first time in recorded history. This noteworthy event carries implications not only for the precious metals market but also for the […]
Surge in Eastern Nations’ Gold Acquisitions Challenges Western Gold Pricing Dominance
A recent report has illuminated a remarkable surge in gold acquisitions by Eastern nations, setting the stage for a potential transformation in the global gold market landscape. This influx of gold purchases not only challenges the West’s historical control over gold pricing but also signals a shift in economic power dynamics. The Eastern Gold Rush: […]
FATF’s Travel Rule: Get out of Crypto and get in on Gold.
The cryptocurrency landscape has been in a state of flux ever since the Financial Action Task Force (FATF) introduced the controversial Travel Rule. As the crypto world grapples with the implications of this regulatory upheaval, an intriguing alternative is emerging: a migration from digital assets to the age-old haven of wealth preservation—gold. The Travel […]
BRICS Oil Monopoly and USA’s Lack of Oil Reserves
BRICS Oil Monopoly and the USA’s Oil Reserve Challenge: Shaping Global Energy Equations The emergence of the BRICS alliance as a potential oil monopoly and the United States’ ongoing challenges with oil reserves are reshaping the dynamics of global energy markets. As the world watches the transformation of energy geopolitics, questions arise about the implications […]
BRICS Nations Agree to Expand Developing World Bloc
In a significant development on the global stage, the BRICS nations have unanimously agreed to expand their developing world bloc. This decision marks a pivotal moment in international relations and reflects the growing influence of emerging economies in shaping the global geopolitical landscape. BRICS, an acronym for Brazil, Russia, India, China, and South Africa, has […]
The Spectacular Fall of Evergrande: A Closer Look at China’s Economic Challenge
Introduction In recent months, the global financial markets have been closely watching the situation unfold in China as Evergrande, one of the country’s largest real estate developers, faces a severe crisis. Once a symbol of China’s rapid economic growth and expansion, Evergrande is now teetering on the brink of collapse, raising concerns not only within […]
China’s Strategic Shift: Unloading $481.3 Billion in U.S. Bonds
Introduction In a significant move that has reverberated across financial markets and geopolitical circles, China recently made headlines by dumping $481.3 billion worth of U.S. bonds. This strategic decision signals a shift in China’s economic and political calculus, reflecting its evolving role as a global economic powerhouse and its desire to diversify its foreign reserves. […]
Russia introduces Islamic Banking
Russia’s Progressive Step: Introducing Islamic Banking System to Foster Financial Inclusion Introduction In a significant move that underscores its commitment to economic diversification and inclusion, Russia has embarked on a transformative journey by introducing an Islamic banking system. This strategic initiative seeks to align financial practices with Islamic principles while tapping into the burgeoning global […]
Fitch’s Decision to Join Standard & Poor’s in Downgrading U.S. Ratings: Impact on the Stability of U.S. Bonds
In the realm of global finance, the recent decision by Fitch Ratings to align with Standard & Poor’s in downgrading the United States’ credit rating has raised significant concerns about the stability of U.S. bonds. This move has sparked discussions about the economic implications, potential impacts on global markets, and the underlying factors that have […]
Second opinion on the UK Government’s Recent announcement of ‘Halal’ Student Loans: A Hanafi School of Thought perspective
Introduction The introduction of halal student loans by various financial institutions has been hailed as a significant step in providing Muslim students with access to interest-free financing for their educational pursuits. However, in scrutinizing the concept of halal student loans for Sharia compliance, it becomes essential to explore the perspective of the Hanafi school of […]