In the world of finance, few voices carry as much weight as that of Jamie Dimon, the Chairman and CEO of JPMorgan Chase, one of the largest and most influential banks in the United States. Dimon’s recent warning of a potential 7% jump has sent ripples through financial markets and sparked conversations about the factors […]
Mufti Asim Patel appointed as the Head of the Islamic Monetary Council
Who is Mufit Asim Patel? Mufti Asim Patel is a highly esteemed Islamic scholar hailing from South Africa. His journey in the pursuit of Islamic knowledge commenced at a young age, demonstrating his deep passion and dedication. Mufti Asim embarked on his academic endeavors at Darul-Uloom Zakariyya – SA, where he completed his Hifdh (memorisation […]
Banking Giant Citigroup Launches Private Blockchain to Transform Client Deposits into Digital Tokens
In a significant move towards embracing blockchain technology, Citigroup, one of the world’s leading banking institutions, has unveiled plans to launch a private blockchain platform. This innovative platform aims to revolutionize the way client deposits are handled, by transforming them into digital tokens. The development signals a growing interest among financial institutions to harness […]
Amanah Vault: The Pioneers of an Offshore-Gold-Haven
Introduction In the heart of the United Arab Emirates (UAE), an innovative concept has emerged that could revolutionize the way individuals and institutions safeguard their wealth. Amanah Vault, an offshore gold haven, offers a unique solution for those seeking to protect their assets with the security and stability for which the UAE is renowned. […]
Japan and Iran Explore Digital Currencies for Energy Trade
In a dynamic shift towards modernizing their economic relationship, Japan and Iran are actively considering the use of digital currencies for facilitating energy trade. This innovative approach could reshape international trade dynamics and offer benefits for both nations. The Traditional Energy Trade Paradigm Historically, energy trade between nations has relied on conventional financial systems, […]
Ouch! ASEAN Countries Move: Rejecting the Dollar for Regional Stability
In a significant shift that carries broad implications for the global financial landscape, the Association of Southeast Asian Nations (ASEAN) has taken steps to reduce its dependence on the United States dollar. This move reflects ASEAN’s ambition to strengthen regional economic stability and promote greater financial independence. Background: ASEAN and the Dollar Dominance For decades, […]
Bad Taliban, good Taliban: Britain falls victim to its own propaganda.
Having viciously smeared the Taliban for over two decades, Britain now faces a challenge in the global race to establish influence in resource-rich and geographically-critical Afghanistan. On July 18th, Tobias Ellwood, a prominent UK lawmaker, shared a surprising video on Twitter. In the video, he was seen exploring Helmand province, known for one of London’s […]
Saudi Arabia’s Crown Prince Explores Precious Metals as a New Source of Wealth
In a strategic and forward-thinking move, Saudi Arabia’s Crown Prince, Mohammed bin Salman, is looking to diversify the kingdom’s sources of wealth by tapping into the vast potential of the metals industry. This initiative marks a significant departure from the nation’s traditional reliance on oil and gas and underscores the Crown Prince’s commitment to […]
Russia Introduces BRICS Currency Anchored in Natural Resources: The Golden Rule of Economic Sovereignty
In a bold and strategically significant move, Russia has introduced a new currency in collaboration with BRICS (Brazil, Russia, India, China, and South Africa), anchored in the concept of the “golden rule” and the abundant natural resources possessed by these nations. This initiative reflects a shifting global economic landscape and an effort to establish […]
The End of DeFi in the US: Regulatory Challenges and Uncertainties
Decentralized Finance (DeFi), the revolutionary financial ecosystem built on blockchain technology, has faced a tumultuous journey in the United States. In recent times, it seems that the era of unrestricted DeFi innovation in the US is coming to an end, primarily due to mounting regulatory challenges and uncertainties. The Rise of DeFi DeFi emerged as […]